Local Content is Africa’s Route to Economic Development- Exec Sec NCDMB African nations seeking to achieve economic prosperity must develop local capabilities to process, utilize, and export their resources as a means of powering their growth and development, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote said…
Schneider Electric Issues Industry-First Blueprint for Optimizing Data Centers to Harness the Power of Artificial Intelligence Data Centers Must Adapt Physical Infrastructure Design to Meet Evolving Needs in the Era of Artificial Intelligence (AI) Disruption Schneider Electric, the leader in the digital transformation of energy management and automation, today announced the launch of an industry-first…
US drillers add most oil rigs in a week since March – Baker Hughes U.S. energy firms this week added the most oil rigs since March, boosting the oil and gas rig count for the first time in four weeks, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The…
Stakeholders must Drive Investment to Bridge Nigeria’s 195,400 MW Energy Deficits — Abdul For Nigerians to enjoy constant electricity supply there is need for more investments in the sector that will culminate in the country being able to generate 200,000 MegaWatts (MW). This implies Nigeria needs additional 195,400 megawatts to meet its electricity needs, because…
Oil Prices Regain Stability after a Hugely Volatile Week Crude oil prices began trading relatively flat on Monday after a hugely volatile week in which both WTI and Brent saw two significant drops before a massive rally on Friday. In morning trade in Asia, Brent crude and West Texas Intermediate were trading at a slight…
Nigeria’s Inflation Rate Records Ninth Consecutive Increase to 26.72% -NBS Nigeria’s inflation rate rose to 26.72 per cent based on the latest Consumer Price Index (CPI) report released on Monday by the National Bureau of Statistics (NBS). This showed that the index grew by 0.92 percentage points higher than the July inflation of 25.80 per…
FG, NDPHC, States Partner to Distribute 4000MW Electricity The Federal Government, Niger Delta Power Holding Company (NDPHC), and Lagos, Ogun, and Oyo States have entered into a collaborative effort to distribute 4,000 megawatts of electricity across various industrial and business clusters, including Agbara, as well as other regions in Nigeria. This decision was announced during…
Has Oil and Gas Industry Embraced WFH Culture? Before Covid-19 the oil and gas industry was synonymous with working physically in the workplace. Those involved in onshore and offshore went to the field for exploration activities while administrative staff worked at the head offices for smooth running of the organisation. Hybrid or Working From…
Houston Branch Conference 2023 NEXT GENERATION MARINE ECOSYSTEMS – Enabling Decarbonization, Digitalization and Electrification for Sustainability The IMarEST Houston (US Gulf Coast) Branch Conference 2023 jointly held with the American Bureau of Shipping (ABS) will explore key topics across Marine Engineering, Digitalization, Electrification, Subsea Systems, Metocean, Offshore Operations, Floating Offshore Wind and Hydrogen, Carbon Capture & Storage, Autonomous Robotic…
Climate Change Awareness Seminar Venue: LAGOS ORIENTAL HOTEL, VICTORIA ISLAND, LAGOS. Date: 4TH OF NOV, 2023 Bree Light Charity Foundation is hosting a Climate change awareness seminar for youth and adults in Nigeria. The seminar becomes paramount as Climate change is now an important topical issues facing humanity in the 21st century.
