Africa Energy Bank Poised to Launch Operations in 2024 with $5 Billion Capital. In a significant stride for the African energy sector, the Africa Energy Bank, a collaborative venture between the African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organization (APPO), is set to commence operations later this year. As reported by Reuters on…
Oil Spills from Frontier Oil’s OML13 Facility Disrupts Akwa Ibom Community. Urgent environmental distress has gripped the Uqua Isi Edoho community in the Esit Eket Local Government Area (LGA) of Akwa Ibom State, following extensive oil spills from a facility operated by indigenous oil firm Frontier Oil Limited. These spills have inflicted significant damage on…
Olufemi Soneye from NNPC Ltd. Wins Prestigious NIPR Distinguished Spokesperson in Oil and Gas Award. Olufemi Soneye, the Chief Communications Officer of Nigerian National Petroleum Company Limited (NNPCL), has achieved a remarkable feat by winning the prestigious Nigerian Institute of Public Relations (NIPR) 2024 “Distinguished Spokesperson in the Oil and Gas Sector” award. This accolade…
TotalEnergies Marks 100 Years of Innovation and Growth. Today marks a historic milestone as TotalEnergies, boasting a workforce of 100,000 employees spread across 120 countries globally, celebrates a century of groundbreaking achievements since its inception. Established as Compagnie Française des Pétroles on March 28, 1924, in France, a country initially lacking in oil resources, the…
NNPCL Disclose Plans to Boost Crude Oil Production to 3 Million Barrels Per Day. In a significant announcement, the Nigerian National Petroleum Company Limited (NNPCL) has unveiled plans to substantially increase crude oil production from the current 1.6 million barrels per day (BPD) to an impressive 3 million BPD. This ambitious objective was revealed by…
GE Vernova Launches AI-Powered Carbon Emissions Management Software at Azito Power Plant in Cote D’Ivoire. GE Vernova, a leading technology company in the energy sector, has introduced its state-of-the-art carbon emissions management software, CERius™, at Azito Energie S.A. (“Azito”), the largest gas power plant in Cote D’Ivoire. This implementation marks a significant advancement in enhancing…
NERC Orders Removal of EKEDC MD and Top Executives. In a recent development, Dr. Tinuade Sanda, the Managing Director of Eko Electricity Distribution Company (EKEDC), along with other top executives, has been relieved of their positions following a directive from the Nigerian Electricity Regulatory Commission (NERC). The affected executives, all seconded staff from West Power…
NLC Expresses Concern Over Deteriorating State of Power Sector. The Nigeria Labour Congress (NLC) has sounded the alarm over the persistent poor state of power supply in the country, expressing significant concerns for businesses and national development. Despite twelve years of privatization initiated during the administration of former President Goodluck Jonathan, the NLC lamented that…
NSCDC Uncovers Five Suspects for Vandalizing Heirs Energies/NNPC Ltd JV. The Nigerian Security and Civil Defence Corps (NSCDC) has made notable progress in combating illegal oil activities, culminating in the arrest of five suspects involved in vandalizing the wellhead of Heirs Energies/NNPC Ltd JV. The incident took place in Odagwa Community, Etche Local Government Area…
NIMASA Reaffirms Commitment to Environmental Sustainability and More. Dr. Dayo Mobereola, the newly appointed Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has outlined his key priorities, with a strong emphasis on safety, security, efficiency, and environmental sustainability. In his inaugural address upon assuming office, Dr. Mobereola emphasized the importance of fostering…
