Ghana: ECG Backs up Accra Power Supply …As President Inaugurates $40m 161kv Electricity Bsp President Nana Addo Dankwa Akufo-Addo yesterday inaugurated the newly constructed Accra Central Electricity Bulk Supply Point (BSP) with a firm commitment not to return the country to the era of ‘dumsor.’ The inauguration of 161KV BSP brings to four the number…
Savannah Energy Announces FY 2022 Audited Annual Results with 20% Increase Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa is pleased to announce its audited results for the year ended 31 December 2022. The results show that Savannah’s total revenues grew 26% to US$290.4m (from US$230.5m in 2021), ahead of previously issued guidance of US$215m. Adjusted EBITDA likewise rose 27% to US$222.4m (FY21: US$175m), and…
NNPC Limited Provides Clarity on 2021 Profit The Nigeria National Petroleum Company Limited, NNPCL, has offered clarification on the Profit After Tax, PAT, figures discussed by its Group Chief Executive Officer, GCEO, Mr. Mele Kyari, on Arise TV’s “The Morning Show”. Among the issues the GCEO discussed on the programme was the 2021 profit margin….
European Natural Gas Demand Drops as Top Economies Slow Despite a drop in natural gas prices in two years, Europe’s natural gas demand continues on a downward slope and fell in May from a year earlier as industries are slowing and major economies enter a recession. Natural gas demand in the biggest European economies –…
TotalEnergies to Speak On Exploration Campaign in Nigeria, Others At Aew TotalEnergies’ huge exploration campaigns in Nigeria and other parts of Africa has sustained the company’s assurances with promises of new opportunities for energy security in Africa especially on the back of oil and gas investment and development. It is based on these major investments,…
Tinubu signs Electricity Act 2023 into Law Barely ten days after his inauguration, President Bola Ahmed Tinubu has assented to the Electricity Act 2023. The Electricity Act will replace the Electricity and Power Sector Reform Act 2005. It is expected to provide a framework to guide the post-privatization phase of the Nigerian Electricity Supply Industry…
Nigerian Crude Takes New Hit As Buyers Turn to Cheaper Russian Grade Traders are flocking to the Urals crude blend because they see the Nigerian grades as relatively pricey, with traders reluctant to offload the country’s cargoes. Nigerian crude grades are failing to attract buyers from Europe, China and India as traders, to cut cost,…
ExxonMobil appoints Adesua Dozie Vice-Chairman of Nigerian Affiliates ExxonMobil affiliates in Nigeria – Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Limited (EEPNL) have announced the appointment of Adesua Dozie as Vice-Chairman of the Boards of the Companies, with effect from June 12, 2023. Until her appointment, Dozie, was an Executive Director…
Morocco leads the way in building a sustainable future Climate change has emerged as one of the most pressing global challenges of our time, posing significant threats to ecosystems, economies and human well-being. Its impacts are expected to worsen existing vulnerabilities, especially in developing countries, leading to increased poverty, food insecurity and displacement. As global…
Green Energy: NDW’s Approach to Reducing GHG Emissions The United Nations Environment Programme (UNEP) has been leading the cause of protecting our environment for decades. Major environmental protection campaigns began in the 1960s and 1970s with key international programs like the Environment Committee of the OECD and the United Nations Conference on the Human Environment…
