Opec+ ministers on June 2, 2022 agreed to raise their overall production ceiling by 648,000 b/d in each of July and August, four Opec+ delegates said, effectively unwinding what is left of the coalition’s production cuts one month earlier than initially planned amid Russian supply concerns. A roadmap sketched out last July had scheduled more…
Women in Energy Network (WIEN), the platform providing convergence for professional women playing in the energy industry, will on June 25 launch its flagship Supernova Girl Scholarship Programme and Science Fair. The programme scheduled for Bille community in Rivers State is sequel to virtual launch of the Supernova Girl initiative which targets early grooming of…
Eni has been selected by QatarEnergy as a new international partner in the North Field East (NFE) expansion project. A statement by Eni said that the Minister of State for Energy Affairs, President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, and Eni CEO, Claudio Descalzi, signed the partnership agreement for the creation of the new…
The Chairman of Heir Oil and Gas, Tony Elumelu, has canvassed for an energy transition deal that priotizes access to funding for crude oil exploration and production in Nigeria and other African countries. Elumelu who said this in an interview with CNN, argued that Africa’s contribution to global carbon emission is less than 2 percent,…
About 568 million people in Africa do not have access to electricity and Sub-Saharan Africa’s share of the global population without electricity rose to 77 percent in 2020 from 71 percent in 2018, according to the International Energy Agency (IEA). In a statement, citing its 2022 Tracking SDG 7: The Energy Progress Report, the IEA…
The London Stock Exchange (LSE) on Wednesday June 8th, 2022, celebrated the many achievements of the pioneer chairman of Seplat Energy Plc, Dr ABC Orjiako. Orjiako stepped down recently as the chairman of Seplat Energy and from the Board of Directors of the company. Orjiako who notified the Board of Directors of his decision on…
The Chief Operating Officer of MicCom Cables and Wires, Mrs. Bukola Adubi, has commended the recent destruction of substandard goods, which included cables and wires, by the Standards Organization of Nigeria (SON) as the agency intensifies its campaign to rid the country of substandard products. On the schedule for the day and slated for destruction…
By Ikenna Omeje Stakeholders in the Nigerian oil and gas industry have charged women to take advantage of the opportunities that the 2021 Petroleum Industry Act (PIA) provides, to play active role in the industry. They gave the charge while speaking on a panel at the 2022 Nigeria Women in Oil and Gas Conference, which…
By Ikenna Omeje Shell-funded impact investment company, All On on Thursday said it has signed a $500k investment deal with Greenage Technologies Power Systems Limited, an indigenous firm, to fund the construction and expansion of its charge controllers and inverters manufacturing facility in Enugu State in South-Eastern Nigeria. Seeded with funding from Shell, All On …
By Ikenna Omeje The Minister of Power, Engr. Abubakar Aliyu, has inaugurated a 14-man Governing Board for the Transmission Company of Nigeria (TCN) to oversee the company’s strategic direction in line with the policies of Federal Government for the power sector. Members of the Board, which was inaugurated in Abuja include Bukar Bulama Buni as…
