Saudi Arabia Secures Financing for $2.4 Billion Solar Project Several Saudi firms, including oil giant Aramco and a company owned by the Kingdom’s sovereign wealth fund, announced on Sunday the financial close of a major solar project in Saudi Arabia worth $2.37 billion in investment, the Saudi Press Agency reported. Saudi Aramco Power Company (SAPCO),…
Egbin Power Commemorates World Humanitarian Day with Donations to Orphanages As global attention turns towards acknowledging and addressing challenges confronting efforts to assist underserved people and communities, Egbin Power Plc has donated food items, provisions, and educational materials to orphanage homes in Ikorodu to commemorate World Humanitarian Day 2023. This is in line with the…
Ecuador Rejects Oil Drilling in the Amazon Ecuadorians have voted against drilling for oil in a protected area of the Amazon that’s home to two uncontacted tribes and is a hotspot of biodiversity, effectively kicking out the state oil company that has established operations there. With more than 90% of the ballots counted by early…
Kinder Morgan Unit Declares Force Majeure at Tennessee Gas Pipeline Tennessee Gas Pipeline, a unit of pipeline giant Kinder Morgan, has declared force majeure following an explosion and a fire late last week caused by equipment failure at a compressor station near Centerville in Hickman County, Tennessee. Following the explosion, Hickman County ordered on Friday…
Jamoh Commends Tinubu over Creation of Blue Economy Ministry The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has praised President Bola Ahmed Tinubu for the creation of the Marine and Blue Economy Ministry and appointment of Olubunmi Tunji-Ojo to oversee its affairs. Jamoh said the creation of the “long overdue ministry”…
Ondo Tasks NDDC on 132/33KV Electricity Network Expansion The Acting Governor of Ondo State, Lucky Aiyedatiwa, has tasked the Niger Delta Development Commission, NDDC, to expand the electricity distribution network in Okitipupa substation to other areas of the state. This is as the132/33kv electricity sub-station built by NDDC at Ode-Erinje in Okitipupa Local Government Area…
Seplat Energy Provides Update on the Majestic Rig incident Contrary to some media reports, the Majestic rig is owned by Depthwize Nigeria Limited and not Seplat. As stated in our previous announcement, the rig was in transit to its next drill location at Ovhor. Seplat is the operator of OMLs 4, 38 & 41 on…
BP Backs Green Hydrogen Start-Up Aiming to Cut Fuel’s Costs London has invested in a start-up company developing technology seeking to use vapour from heavy industry to sharply reduce the production costs of zero-carbon hydrogen. BP Ventures, the British energy giant’s venture capital arm, was among several investors in a $12.5 million Series A financing…
Kenya Reinstates Small Fuel Subsidy in Government U-Turn Kenya has reinstated a small subsidy to stabilise retail fuel prices for the next 30 days, the energy regulator said late on Monday, in a reversal of government policy following public anger over the high cost of living. On coming to office last September, President William Ruto…
MWUN President, ENL Managers, Stakeholders Celebrate Princess Haastrup on her Birthday Eminent maritime industry stakeholders including the President-General, Maritime Workers Union of Nigeria (MWUN), Prince Adewale Adeyanju other stakeholders of the maritime industry have sent congratulatory messages to the Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Princess (Dr) Vicky Haastrup, on the occasion of…
