Innovative Carbon Financing Solution Accelerates Clean Energy Growth Across Africa In a groundbreaking move to address the pressing environmental and health challenges in Africa, RMB has forged a strategic partnership with climate technology leader KOKO, emerging as the lead mandated arranger and financier for an innovative carbon financing solution. The information was reported by Sweetcrude,…
Total Energies Visits NCDMB, Reconfirms FID for Ubeta Project in 2024, Others Underway Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed on Thursday that the company would…
TotalEnergies Increases Interests in Namibia Offshore Blocks TotalEnergies has signed an agreement to acquire from Impact Oil and Gas Namibia (Pty) Ltd (“Impact”) an additional 10.5% participating interest in block 2913B and an additional 9.39% participating interest in block 2912, both operated by TotalEnergies in Namibia. TotalEnergies’ intention is to share this additional participating interest…
Despite Houthi Attacks, Oil Tankers Brave the Red Sea: A Balancing Act of Risk and Reward The Red Sea, a vital artery for global oil transportation, has become a hotbed of tension in recent weeks. Houthi militants, aligned with Iran, have launched attacks on vessels traversing the waterway, raising concerns about disruptions to oil flows…
Bayelsa Governor Urges Reevaluation of Privatized Oil Pipeline Contracts Bayelsa State Governor, Douye Diri, has warned that private individuals and groups should not be allowed to execute oil pipeline surveillance contracts, independent of the supervision of conventional security agencies in the country Bayelsa Governor’s Concerns on Oil Pipeline Contracts: Governor Douye Diri warns against assigning…
Ekperikpe Ekpo Commends Optimera Energy for Advancing Gas Distribution Infrastructure The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, praised Optimera Energy LFZ Enterprise for its significant contribution to the development of infrastructure for distributing Natural Gas to companies within the Lagos Free Zone. Speaking at the project’s flag-off ceremony, Ekpo applauded the visionary…
Cuba Implements Drastic 500% Fuel Price Surge: Economic Measures Unveiled to Tackle Crisis In a bid to address its economic woes, the cash-strapped Cuban government has announced a substantial hike of over 500 percent in fuel prices, effective February 1. The Minister of Finance and Prices, Vladimir Regueiro, revealed that regular gasoline prices will surge…
Dangote Refinery Readies for Production: Sixth Batch of Crude Oil Barrels Received from NNPCL Signals Operation Kick-off Dangote Refinery is gearing up for the production of refined petroleum products with the recent receipt of its sixth batch of crude oil barrels from the Nigeria National Petroleum Corporation Limited (NNPCL). This fresh delivery of one million…
New NCDMB Boss Visits NUPRC, NIACOM, Outlines Collaboration Opportunities
Fresh Oil Spill from NNPC Pipeline in Niger Delta A fresh oil spill from a pipeline operated by the NNPC Ltd has rocked K-Dere community in Gokana Local Government Area of Rivers State, devastating the environment and inflicting damage on the livelihood of the people in the area. The oil spill, which occurred five days…
