Poor Remittance: TCN to Disconnect IBEDC from National Grid The Management of Ibadan Electricity Distribution company (IBEDC) Plc has informed its customers that the Market Operator, a unit in the Transmission Company of Nigeria (TCN), is planning to disconnect its feeders from the national grid due to poor remittances. A statement signed by the MD/CEO…
Africa Global Logistics CEO to Deliver Keynote Address on Local Content, Logistics at Invest in African Energy Paris Forum Africa Global Logistics (formerly Bolloré) CEO Eric Melet, will deliver a keynote address at the next leg of the African Energy Chamber’s (AEC) (www.EnergyChamber.org) investment roadshow, the Invest in African Energy Paris Forum – taking place…
Nigerian Oil Industry Sees 94% Decline in Foreign Capital Inflow A significant decline was recorded in foreign interests in the Nigerian oil and gas industry last year, as foreign investment inflow into the sector dipped by 93.74 per cent to $6.37 million in 2022, compared with $101.82 million recorded in 2021, according to data released…
Nigeria’s Gas Output Declines 6.72% to 149.26bscf in One Month Oil and gas companies operating in the country produced 149.263 billion standard cubic feet (SCF) of gas in February 2023, dropping by 6.72 per cent, compared with 160.013 billion SCF of gas produced in January. A breakdown of total gas output for February 2023 showed…
Buhari Flags off Ogoni Power Project, Approves Reconstruction of East-West Road President Muhammadu Buhari on Friday flagged off Ogoni power project, Centre of Excellence for environmental restoration and the Ogoni specialist hospital. The President also gave approval for the reconstruction of the Eleme axis of the East- West Road in Rivers State. Buhari who spoke…
U.S. Venture Global Signs 20-Year Deal To Supply LNG To Japan Venture Global LNG has signed a 20-year deal to sell 1 million tons per year of liquefied natural gas from its upcoming CP2 LNG export facility in Louisiana to Japanese customer JERA, the U.S. LNG exporter said on Friday. The CP2 LNG export terminal…
GWEC and EnergyNet enter into partnership in anticipation of wind energy growth across Africa By Oke Peter The Global Wind Energy Council and EnergyNet, the organisers of the Africa Energy Forum, have entered into a partnership that offers Africa’s wind energy industry a crucial platform to advocate for the technology as part of Africa’s present…
China’s Big Refineries Scramble for Discounted Russian Oil Major Chinese refineries are scrambling for discounted Russian crude, supporting prices and forcing smaller independents to look for cheap alternatives such as Iranian oil, Reuters reports, citing trade sources and shipping data. According to Reuters, there is growing demand for Russian oil, with state refiners – PetroChina…
SHELL WINS 7th AWARD AT 2023 NIGERIA INTERNATIONAL ENERGY SUMMIT Recognised for Outstanding Commitment to Decade of Gas aspiration Shell Companies in Nigeria (SCiN) have won a seventh award at the ongoing 6th Nigeria International Energy Summit (NIES). This award for “Outstanding Commitment To Nigeria’s Decade Of Gas,” has been given by the Nigerian Gas Association in recognition…
MMEC 2023: Mozambique’s longest running Premier Mining & Energy Conference and Exhibition, plays host to regional & global stakeholders. Maputo, Mozambique – The stage is set for The 9th Mozambique Mining & Energy Conference and Exhibition, #MMEC is scheduled to take place at the Joachim Chissano Conference Centre in Maputo from April 26th to April…
