Crude Price

The Nigerian Electricity Regulatory Commission (NERC) says international bilateral electricity customers in Benin Republic and Togo owe Nigeria $5.79m for the energy consumed in the second quarter of 2024. NERC stated this in its latest second-quarter 2024 report. Out of the $15.60m invoice issued by the market operator between April and June, the international customers remitted $9.81m. The foreign companies ...

Environment, Social and Governance (ESG) standards and regulatory frameworks in African countries significantly shape oil and gas investments in the continent, as they influence costs, compliance requirements, and project risk profiles. The Chief Financial Officer, Seplat Energy, Mrs. Eleanor Adaralegbe, said this during a panel session at the Africa Oil Week (AOW) Conference & Exhibitions in Cape Town, South Africa. ...

The largest energy exhibition and conference in West Africa kicks off in two days, with over 13,000 energy professionals already registered to attend. The highly anticipated event, known as Nigeria Energy 2024, promises to be a pivotal moment for the energy sector, offering attendees the chance to engage with leading industry players and explore the latest innovations. The conference, set ...

. Nigeria Liquefied Natural Gas Limited (NLNG) has officially unveiled a new logo, underscoring its renewed dedication to Inspiring a Sustainable Future. The launch took place during the NLNG Grand Award Night held in Lagos, on Friday. Speaking at the event, NLNG’s Group Managing Director/CEO, Dr. Philip Mshelbila, described the new logo as a key element of the company’s rebranding ...

The Oweikorogha community in Bayelsa State is set to experience a transformative shift in energy access with the commissioning of a new 80kWp solar mini-grid developed by Ceesolar Energy Limited. The project, financed by All On through the Niger Delta Electrification Programme, aims to bridge the energy gap in underserved and unserved communities in the Niger Delta region. The Oweikorogha ...

Genesis Energy and Power Limited (GENESIS), a leading energy infrastructure developer, and BPA Komani Ltd (KOMANI), a premier Africa- focused clean energy company, are proud to announce a strategic collaboration aimed at driving transformational change in Africa’s clean energy landscape. The partnership, which was formally signed at the Africa Energy Summit in London, will mobilize capital and facilitate critical infrastructure ...

In a major boost to Nigeria’s gas sector, the Nigerian National Petroleum Company Limited (NNPCL), Shell, TotalEnergies, and Eni yesterday signed a landmark Gas Sales and Purchase Agreement (GSPA) to kickstart the $3.5 billion Brass Fertiliser and Petrochemical project in Bayelsa State. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, supervised the agreement in a ceremony held in ...

In a significant development in the carbon credit industry, the United States Department of Justice (DOJ) has unsealed charges against two individuals involved in a multi-million-dollar fraud scheme, with potential implications for projects in Zimbabwe. The clean cookstoves imported under the N9.2 billion Federal Government project several years. The US case involves manipulating data to exaggerate the success of cookstoves ...

Energy companies looking to position themselves at the forefront of Nigeria’s energy landscape are invited to participate in the upcoming Practical Nigerian Content (PNC) Forum, scheduled to take place from December 2–5, 2024, in Bayelsa, Nigeria. Endorsed by the Nigerian Content Development and Monitoring Board (NCDMB), the forum is set to gather over 750 delegates, 30 exhibiting companies, and 50 ...

The Trade Union Congress of Nigeria,TUC,has insisted that the presidency is responsible for persistent hikes in the price of fuel in the country. Its President,Comrade Festus Osifo,accused the presidency of being too much in a haste to exit subsidy without understudying the dynamics in the Nigerian economy. At a press conference in Abuja on Thursday, suggested that the only panacea ...