EnerGeo Alliance Highlights African Exploration Prospects at Angola Oil & Gas (AOG) 2024 Houston Event

EnerGeo Alliance Highlights African Exploration Prospects at Angola Oil & Gas (AOG) 2024 Houston Event

EnerGeo Alliance Highlights African Exploration Prospects at Angola Oil & Gas (AOG) 2024 Houston Event Houston, March 19, 2024 — The much-anticipated Angola Oil & Gas (AOG) 2024 event in Houston is set to kick off with a spotlight on African exploration prospects, thanks to a presentation by Nikki Martin, President & CEO of the…

L-R: Minister of State for Gas Resources, Ekperikpe Ekpo ; Minister of State for Petroleum Resources , Heineken Lokpobiri ; Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Elohor Aiboni; Permanent Secretary, Ministry of Petroleum Resources, Amb. Nicholas Agbo Ella; Special Project Manager, Shell, Ed Ubong and Tony Attah, former Managing Director of Nigeria Liquefied Natural Gas Limited (NLNG)…visit the Shell exhibition stand at the 7th Nigeria International Energy Summit in Abuja
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SNEPCo MD Elohor Aiboni receives Ministers and other dignitaries at the Shell booth during the 7th Nigeria International Energy Summit in Abuja

SNEPCo MD Elohor Aiboni receives Ministers and other dignitaries at the Shell booth during the 7th Nigeria International Energy Summit in Abuja  

L-R: Roli Edoja, Partnership Manager, The Special Youth Leadership Foundation; Ebehi Odejobi, Head Internal Audit, Heritage Energy; Lola Oyenekan, Team Lead Corporate Communications, Heritage Energy; Sola Adebawo, GM, Government, JV & External Relations, Heritage Energy; Adetola Olashore, GM, HR, Heritage Energy; Chisa Otokpa, GM Legal, Heritage Energy; Nelson Wilbert , GM, Operational Integrity, Heritage Energy and Ayobamidele Shodipe, Manager of The Special Youth Leadership Foundation, during the celebration of International Women’s Day at Heritage Energy’s office, recently.

International Women’s Day: Heritage Energy Advocates Workplace Gender Equity

International Women’s Day: Heritage Energy Advocates Workplace Gender Equity Ado Oseragbaje, Chief Executive Officer, Heritage Energy Operational Services Limited (HEOSL), operator of the OML 30 Joint Venture between NNPC Exploration and Production Limited and Shoreline Natural Resources Limited Joint Venture (NEPL/SNRL JV) has advocated for work-place gender equity. Ado, made this call on Friday, 8th…

UTM Solicits NCDMB’s Equity Investment, Approvals For Floating LNG Project

UTM Solicits NCDMB’s Equity Investment, Approvals For Floating LNG Project

UTM Solicits NCDMB’s Equity Investment, Approvals For Floating LNG Project  UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-track the project’s development. The request was made on…

NERC Reports 5.8 Million Metered Electricity Customers in Nigeria
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NERC Reports 5.8 Million Metered Electricity Customers in Nigeria

NERC Reports 5.8 Million Metered Electricity Customers in Nigeria According to the Nigerian Electricity Regulatory Commission (NERC), the number of prepaid meter users in Nigeria has reached 5,885,687 out of a total of 13,231,807 registered electricity customers nationwide. As of January 2024, all 12 electricity distribution companies (Discos) in the country collectively metered only 42,961…

Britain Considers New Gas Plants for Energy Security, Despite Climate Concerns Britain is facing a dilemma between energy security and climate goals. The government announced plans to either build new gas plants or refurbish existing ones to ensure a reliable energy supply and avoid blackouts. Balancing Security and Sustainability: The Need for Gas Backup: Energy Minister Claire Coutinho highlighted the need for gas as a backup for renewable energy sources like wind and solar, which are unreliable due to weather conditions. Shutting down aging power plants creates a 5-gigawatt capacity gap that new or refurbished gas plants could fill. Net-Zero Compatibility: The government claims these plants will be "net-zero ready," meaning they could be retrofitted in the future to use cleaner hydrogen fuel or capture carbon emissions. Criticism and Concerns: Environmental groups like Greenpeace UK argue that relying on new gas infrastructure contradicts Britain's commitment to net-zero emissions by 2050. They believe it would also extend dependence on expensive and polluting fossil fuels. Additional Reforms Proposed: Zonal Electricity Pricing: The government is considering a system where electricity prices vary depending on location. This aims to better reflect supply and demand across different regions, potentially lowering costs for consumers. The Road Ahead: These announcements are part of a wider consultation on reforming Britain's electricity market. The goal is to find a balance between keeping the lights on and achieving ambitious climate targets
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Britain Considers New Gas Plants for Energy Security, Despite Climate Concerns

Britain Considers New Gas Plants for Energy Security, Despite Climate Concerns. Britain is facing a dilemma between energy security and climate goals. The government announced plans to either build new gas plants or refurbish existing ones to ensure a reliable energy supply and avoid blackouts. Balancing Security and Sustainability: The Need for Gas Backup: Energy Minister…

South Africa's Eskom Seeks $21 Billion for Power Grid Upgrade
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Eskom Seeks $21 Billion for Power Grid Upgrade

Eskom Seeks $21 Billion for Power Grid Upgrade. Eskom, South Africa’s state-owned power company, is on the hunt for investors. Their CFO, Calib Cassim, will be attending the Invest in African Energy forum (IAE 2024) in Paris to secure $21 billion over the next decade. The Problem: Power Outages and Aging Infrastructure South Africa has…

NNPC Fights Oil Theft, Seeks Help from Anti-Corruption Agency

NNPC Fights Oil Theft, Seeks Help from Anti-Corruption Agency

NNPC Fights Oil Theft, Seeks Help from Anti-Corruption Agency Nigeria’s national oil company, NNPC Ltd., is calling for help from the country’s anti-graft agency, the EFCC, to combat the widespread theft of crude oil. NNPC CEO, Mele Kyari, made the plea during a meeting with EFCC Chairman, Ola Olukoyede. Kyari described oil theft as a…

Oil Rises on Signs of Strong Demand and Rate Cut Hopes
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Oil Rises on Signs of Strong Demand and Rate Cut Hopes

Oil Rises on Signs of Strong Demand and Rate Cut Hopes Oil prices climbed on Wednesday, driven by indications of robust global demand, particularly from major consumer the United States. Additionally, optimism surrounding potential rate cuts by the Federal Reserve further boosted market sentiment, despite lingering concerns about inflation in the U.S. Evidence of strong…