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Browsing: Energy
FGN Power Company, a special purpose vehicle established by the Federal Government of Nigeria to own and execute the Presidential Power Initiative (PPI), has received 10…
Nigeria’s oil futures, Brass River and Qua Iboe, recorded gains on Wednesday as escalating conflicts in the Middle East and between Russia and Ukraine, a shrinking…
The Federal Government says the implementation of President Bola Tinubu’s new oil and gas policies is projected to create 2.3 million jobs and increase GDP by…
Nigeria’s electricity sector has been haemorrhaging funds for over a decade, with N6 trillion gulped down by subsidies in the past ten years. Data from the…
Standard Chartered, one of the leading financial institutions, has projected that global oil demand is poised to reach an all-time high in May, according to their…
In a continued upward trajectory witnessed in oil and gas exploration activities, the rig count, an index measuring upstream activities, surged by 23 percent year-on-year (YoY)…
Rising crude oil prices are set to send Nigeria’s ‘secret’ bill for fuel subsidies rocketing, threatening to exacerbate the already precarious economic situation of Africa’s largest…
Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that the Final Investment Decision (FID) on the…
Paras Energy and Natural Resources Development Limited, one of the leading power solutions providers in Nigeria recently developed a rooftop based Solar PV Plant at Moundou,…
Savannah Energy Plc announced on Tuesday that it has entered into agreements to acquire 100 percent of the outstanding share capital of Sinopec International Petroleum Exploration…