Nigerian Oil Company Enters Multi-Billion Dollar Agreement in Grenada Grenada is set to emerge as a significant player in the energy sector following a landmark multi-billion dollar agreement between Nigerian oil and gas company Oceangate Oil and Gas Engineering and Global Petroleum Group. This deal is poised to initiate one of the largest oil and…
OTL Africa Downstream Hosts 18th Edition in Lagos: Rallying Stakeholders for Industry Growth The 18th edition of the OTL Africa Downstream Energy Week, themed “Alliances for Growth,” is set to take place from October 28 to 31, 2024, in Lagos. This year’s event aims to further enhance collaboration among industry players, regulators, and policymakers, promoting…
NCDMB, Shell JV Partners Donate Engineering Studio, ICT Hub to FUTO The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company (SPDC), with its joint venture (JV) partners, on Thursday unveiled world-class engineering design studios and an information and communication technology (ICT) hub at the Federal University of Technology, Owerri (FUTO). The…
Nigeria Aims for 1 Million CNG Vehicle Conversions Over 24 Years Amid Safety Concerns The drive to convert vehicles to Compressed Natural Gas (CNG) has gained momentum since President Bola Tinubu’s administration, especially following the rise in Premium Motor Spirit (PMS) prices after subsidy removal. Over the next 24 years, the goal is to convert…
NBS Report Highlights Widespread Use of Estimated Billing in Nigeria A recent report by the National Bureau of Statistics (NBS) has revealed that a significant portion of Nigerian households, approximately 85.2%, still rely on the estimated billing system for electricity tariffs. The Nigeria Residential Energy Demand-Side Survey Report 2024 indicates that only 14.8% of households…
Ademola Ogunbanjo Appointed as President/CEO of Oando Clean Energy Limited Ademola Ogunbanjo has been appointed as the President and CEO of Oando Clean Energy Limited (OCEL), a subsidiary of Oando Plc, marking a significant step in the company’s pursuit of sustainable energy solutions in Nigeria and across Africa. This leadership transition, announced via LinkedIn, emphasizes…
NNPC Confirms Helicopter Incident, Search and Rescue Ongoing The Nigerian National Petroleum Company Limited (NNPC) has confirmed that it lost contact with a helicopter en route to the FPSO NUIMS ANTAN. The helicopter, operated by East Winds Aviation, took off from the Port Harcourt NAF Base with eight people on board, including six passengers and…
Transparency Scape Officially Introduces Brokerage Firm, Unveils First Innovative InsurTech in Nigeria. Transparency Scape Insurance Brokers has officially introduced itself to stakeholders in Nigeria’s insurance industry, launching InsurEase, the nation’s first innovative InsurTech app. This new platform aims to make insurance more accessible, affordable, and user-friendly, revolutionizing how customers interact with insurance policies by utilizing…
GE Vernova Introduces GridOS® Software to Enhance West African Power Pool’s Energy Coordination GE Vernova has deployed its GridOS® orchestration software at the newly established Information and Coordination Centre (ICC) in Abomey-Calavi, Benin, to support the West African Power Pool (WAPP) initiative. This development is poised to transform the energy sector in West Africa, facilitating…
Dangote Refinery Directly Supplies Petrol to Marketers The Dangote Petroleum Refinery has commenced direct supply of Premium Motor Spirit (PMS), commonly known as petrol, to oil marketers in Nigeria. This move is expected to further enhance fuel supply and stability in the country. While the refinery is ramping up production, several oil marketers have also…
