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Energy
Nigeria FG Reaffirms Commitment to Reaching Net-Zero Gas Emissions.
The government's commitment to meeting its net-zero emission targets by 2060 has been reaffirmed by Minister of…
Diesel Prices Increased by 215%, Gas by 70.6%, and Petrol prices by 17% in 2022.
The average retail price of Automotive Gas Oil (AGO), often known as diesel, which many Nigerian companies used to…
Exclusive: Exxon will leave Equatorial Guinea amid the Phase-out of Crude in…
Exxon Mobil Corp (XOM. N) will cease oil production in Equatorial Guinea after its license expires in 2026 and…
NEITI: Nigeria Earned $741.48bn Revenue from Oil, Gas Sector.
According to figures released in Abuja by the Nigeria Extractive Industries Transparency Initiative (NEITI),…
Leading African Nations Start on Growth Routes for Energy and Emissions.
At this week's United Nations climate meeting, African countries made it plain that the continent will utilize its…
Nigerian State-owned Firm begins Drilling for Oil at a Field in the North.
Nigeria's state-owned NNPC Ltd. Began drilling for oil and gas at a field with 1 billion barrels of reserves in…
Tanzanian Government Plans to Transform the Namanve Power Plant to A Gas Facility.
In order to transform the Namanve Thermal Power Plant into a Liquefied Petroleum Gas production unit, the…
Subsidies on Gasoline and Electricity are Harming Poor Nigerians, According to…
According to the World Bank, subsidies benefit only wealthy households and reduce government spending on poor…
Kenya Injects First Dispatch of Ethiopia Power into National Grid.
Kenya launched the program that is anticipated to help down power rates for companies and people last week by…
The Solar Energy Fund at Bank of Industry is now N6 billion.
The Fund was initially introduce in 2017 as a N1 billion Solar Energy Fund for Micro, Small, and Medium-Sized…
Africa’s Renewable Energy Receives $20 million from AfDB.
The African Development Bank Group's Board of Directors approved a $20 million equity investment in Evolution Fund…
Without Reliable Energy, there can be no Digital Economy, says Sahara Power.
"There can't be a digital economy without power. According to Adesina, while Nigeria's population was expanding…
Nigerian Authorities Approve a 1,650 MW Hydropower Project.
One of the largest power projects in Nigeria, a 1,650 megawatt (MW) hydropower facility. With a $3 billion price…
Nigeria Loses Millions of Dollars on Abandoned Projects for Brass and Olokola LNG.
The capacity of Nigeria might have increased by 22 million tonnes annually due to two significant LNG projects,…
Nigeria is The Third-largest Crude Oil Output in Africa.
For October 2022, Nigeria has remained the third-largest crude oil output in Africa. Algeria, Angola, and Nigeria…
Despite a Decline in Profit to $9.45billion, Shell Increased its Dividend.
Due to weaker refining and gas trading, Shell (SHEL. L) reported third-quarter profit of $9.45 billion, slightly…
The World Bank Anticipates an 11% Drop in Energy Prices in 2023.
The World Bank predicts that energy prices would decline by 11% in 2023; this is due to a 60% increase this year…
According to Gas Boss, Ukraine is Headed for the “Worst Winter Ever.”
Winter in Ukraine will be the coldest it has ever been, and it will be distinguished by persistent outages,;…
TCN to Increase Nigeria’s Electricity Supply by 817MW.
Plans to increase Nigeria's electricity supply to the National Grid by 817 Megawatts have been made public by…
Kogi Flooding Leads to Fuel Shortage in Abuja, Says NNPC.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) blames the current fuel shortage in…
NNPC Increases Revenue to N674 Billion in 2021.
The Nigerian National Petroleum Company Limited's Group Chief Executive Officer, Mele Kyari, said that the NNPC's…
Russian Oil Price Cap Adopted by EU.
According to Politico Europe, which cited diplomatic sources, the EU has tentatively agreed to set a price ceiling…
Overall Revenue Losses In The Power Sector Total N420billion.
The umbrella organization for Nigeria's power generation is APGC. According to the executive secretary of the…
Fears of Sabotage Are Stoked By Gas Leaks In Russian Pipelines To Europe.
The prime ministers of Poland and Denmark both accused the other of sabotage but did not provide any supporting…
Energy Monopolies Now Control The LNG Shipping Market Due To The Gas Crisis.
Since 2011, the size of the global LNG industry has more than doubled; bringing in dozens of new firms and…
Ghana Saved $300million On Energy Programme.
In 2021, the government avoided giving utilities in the energy industry $300 million in credit.
The credit…
Businesses Spend N639bn On Energy And Self-Generate Over 14,000MW.
Due to inadequate supply from power distribution providers, factories self-generate more than 14,000 megawatts of…
FG, EU, AFD Sign €25m To Strengthen Electricity Grid In Northwest.
A grant agreement for €25 million has signed by the Nigerian government and the French Development Agency (AFD)…
United States and Nigeria Agree To Deploy Gas In Support Of Renewable Energy…
The United States said that it would contribute $200 million to Nigeria; and other nations to speed up their…
The Impact Of Europe’s Energy Crisis Will Grow Over Time.
The energy crunch is a long-term issue that will increase public debt in Europe; render the continent less…