NOG Energy Week 2024: West African Countries Harnessing Gas for Industrialisation to Boost Economic Development

NOG Energy Week 2024: West African Countries Harnessing Gas for Industrialisation to Boost Economic Development

Bymajorwavesen

NOG Energy Week 2024: West African Countries Harnessing Gas for Industrialisation to Boost Economic Development Abuja, Nigeria – Many African countries are harnessing gas and other cleaner and greener energies to drive their industrialisation journey. African countries including Ghana and Nigeria are investing in gas infrastructure and promoting its utilisation, and by extension are addressing…

India's Oil Imports Surge: Russia Hits Record High, Saudi Arabia Drops

India’s Oil Imports Surge: Russia Hits Record High, Saudi Arabia Drops

Bymajorwavesen

India’s Oil Imports Surge: Russia Hits Record High, Saudi Arabia Drops India’s oil imports from Russia have reached an unprecedented high of approximately 2.1 million barrels per day (bpd) in May, driven by widening discounts on Russian oil due to decreased demand from China. This surge has pushed Russia’s share in India’s oil market to…

NERC Approves N21 Billion for DisCos to Procure Meters for Customers
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NERC Approves N21 Billion for DisCos to Procure Meters for Customers

Bymajorwavesen

NERC Approves N21 Billion for DisCos to Procure Meters for Customers The Nigerian Electricity Regulatory Commission (NERC) has announced the approval of N21 billion for 11 electricity Distribution Companies (DisCos) to provide meters for end-use customers. This funding, part of the Presidential Metering Initiative under the Meter Acquisition Fund (MAF), aims to address the persistent…

 TCN Boosts Transmission Capacity

 TCN Boosts Transmission Capacity with New Transformer in Benin

Bymajorwavesen

 TCN Boosts Transmission Capacity with New Transformer in Benin The Transmission Company Nigeria, TCN, has commissioned a new 300MVA power transformer at its Benin Transmission Substation, increasing power transmission capacity in the South-South and Southwest regions. According to TCN General Manager, Public Affairs, Ndidi Mbah, the new transformer, one of two delivered to the substation, is…

Oyetola Unveils Ambitious Plan to Modernize Nigeria’s Ports

Oyetola Unveils Ambitious Plan to Modernize Nigeria’s Ports

Bymajorwavesen

Oyetola Unveils Ambitious Plan to Modernize Nigeria’s Ports The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced a comprehensive plan to modernize Nigeria’s ports, aiming to enhance efficiency, attract investors, and position the nation as a key player in the global maritime industry. Oyetola detailed the government’s commitment to upgrading port infrastructure and…

TotalEnergies, NNPC to Invest $550m in Nigeria Gas Facility
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TotalEnergies, NNPC to Invest $550m in Nigeria Gas Facility

Bymajorwavesen

TotalEnergies, NNPC to Invest $550m in Nigeria Gas Facility Nigeria’s state oil firm NNPC Ltd and TotalEnergies (TTEF.PA), opens new tab will invest $550 million to develop a gas processing facility in southern Rivers state to boost exports and domestic supplies, an NNPC source said on Wednesday. The investment would include a gas processing plant…

TotalEnergies Ubeta Field ’ll Record Nigerian Content Successes – Exec Sec
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TotalEnergies Ubeta Field ’ll Record Nigerian Content Successes – Exec Sec

Bymajorwavesen

TotalEnergies Ubeta Field ’ll Record Nigerian Content Successes – Exec Sec  The execution of the Ubeta Field Development Project by TotalEnergies Exploration and Production Nigeria Limited and the Nigerian National Petroleum Company Limited (NNPCL) will create thousands of jobs in the country and catalyse the economy, the Nigerian Content Development and Monitoring Board (NCDMB) said…

Shell reiterates commitment to Nigeria’s development, wins FRCN award

Shell reiterates commitment to Nigeria’s development, wins FRCN award

Bymajorwavesen

Shell reiterates commitment to Nigeria’s development, wins FRCN award Shell Petroleum Development Company of Nigeria Limited (SPDC) has reaffirmed its unwavering commitment to supporting the socio-economic development of Nigeria, especially in its areas of operations in the Niger Delta. SPDC Director and Head of Corporate Relations, Igo Weli, made the restatement in Port Harcourt on…

Shell SPDC Unveils Three Additional Host Community Development Trusts
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Shell SPDC Unveils Three Additional Host Community Development Trusts

Bymajorwavesen

Shell SPDC Unveils Three Additional Host Community Development Trusts The Shell Petroleum Development Company of Nigeria Limited (SPDC), along with its Joint Venture partners—Nigerian National Petroleum Company Limited (NNPC), TotalEnergies Limited, and Nigerian Agip Oil Company Limited—has unveiled three new projects under its Host Community Development Trusts (HCDTs) initiative. The unveiling event took place on…

Dangote Sugar Refinery issues N42.79 Billon Commercial Papers at 23% and 25%

Dangote Sugar Refinery issues N42.79 Billon Commercial Papers at 23% and 25%

Bymajorwavesen

Dangote Sugar Refinery issues N42.79 Billon Commercial Papers at 23% and 25% Dangote Sugar Refinery announced the successful issuance of its N42.79 billion series 4 and 5 of its commercial papers, issued at 23% and 25%. The papers were issued as part of the company’s N150 billion commercial paper issuance programme. The series 4 and…