TCN Achieves 80% Completion of Lagos Projects with CBN Power Intervention The Transmission Company of Nigeria (TCN) has reported that it has achieved over 80% completion of the power projects funded through the Central Bank of Nigeria’s (CBN) N123 billion intervention in the power sector. Mr. Matthew Ajibade, the Programme Manager at TCN in Lagos,…
Fenchurch and NDPHC Ink 150MW Offtake Deal to Enhance Power Supply in Edo, Delta, Ondo Fenchurch Power, an energy-focused company based in Nigeria, has announced the signing of a significant 150 MW offtake framework agreement with key entities in the Nigerian energy sector. The agreement involves collaboration with the Niger Delta Power Holding Company (NDPHC),…
U.S. and Allies Intensify Pressure with Further Sanctions on Russian Oil The United States, European Union, and the United Kingdom are exerting pressure on Liberia, the Marshall Islands, and Panama to enhance oversight of ships flying their flags, ensuring they do not transport Russian oil exceeding the established $60 price cap. This move represents a…
NERC, Stakeholders Express Worry over Electricity Regulations The Nigerian Electricity Regulatory Commission (NERC) and key players in the Nigerian power industry are urging a reassessment of the Nigerian Electricity Act (2023). They underscore the importance of establishing a cohesive and uniform regulatory framework to prevent the proliferation of 37 different electricity industry regulations at the…
Baker Hughes Expresses Interest in Nigeria’s Refining Industry Baker Hughes, a global oil and gas conglomerate based in Houston, United States, has expressed a strong interest in investing in Nigerian refineries. This development aligns with the Nigerian federal government’s intensified efforts to reduce dependence on imported petroleum products. The company is also eyeing participation in…
TotalEnergies’ Technology to Help 3 Nocs Check Methane Emissions On the occasion of the “Eliminating Methane Emissions by 2030” roundtable partnered by the COP28 Presidency, TotalEnergies announces the signing of three cooperation agreements with National Oil & Gas Companies (Petrobras in Brazil, SOCAR in Azerbaijan and Sonangol in Angola) to carry out methane detection and…
NCDMB Takes Campaign of Enlightenment to Okrika The Nigerian Content Development and Monitoring Board, NCDMB, has engaged the womenfolk in Okochiri, Okrika Local Government Area of Rivers State, in an enlightenment drive aimed at raising awareness on the Nigerian Oil and Gas Industry Content Development, NOGICD, Act, 2010, and its benefits to communities and the…
RWE and UAE Invest $14 Billion in the UK for the World’s Largest Wind Farm UK Prime Minister Rishi Sunak welcomed the announcement of an £11 billion (US$13.9 billion) investment agreement between Germany’s RWE and United Arab Emirates’ state-owned renewables company Masdar during a brief 11-hour visit to Dubai for the COP28 conference on December…
Global Shipping CEOs Advocate for Maritime Decarbonization ‘Cornerstones’ at COP28 CEOs of prominent shipping lines globally came together at the UN Climate Change Conference, issuing a collective declaration advocating the implementation of four key pillars to drive decarbonization in maritime operations. They called upon the International Maritime Organization (IMO) to establish a regulatory framework that…
Red Sea Witnesses Multiple Attacks on Commercial Vessels In the southern Red Sea’s international waters, three commercial vessels were subjected to attacks, as confirmed by the U.S. military on Sunday. Concurrently, Yemen’s Houthi group asserted responsibility for launching drone and missile attacks on two Israeli vessels in the same region. The American destroyer, Carney, responded…
