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TotalEnergies Nigeria announced the three local winners of the fourth edition of its 2024 Startupper of the Year Challenge in a ceremony held on Tuesday, October 22, in Lagos. The awards celebrate pioneering Nigerian entrepreneurs developing solutions to local challenges, with this year’s competition marking the company’s centenary celebration across 32 countries. The winners, selected by a panel of local ...

The Nigerian Content Development and Monitoring Board (NCDMB) has highlighted the importance of engaging in research as a veritable tool to improve quality production and efficiency in the country’s oil and gas industry. The Board also noted that pivotal to any meaningful sustainable initiative is funding, and as such the $50 million Nigerian Content Research & development fund was created  ...

The Independent Petroleum Producers Group (IPPG) commended the leadership of Engr. Gbenga Komolafe, the Commission Chief Executive of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for tireless efforts and unwavering commitment to the growth and development of the oil industry. IPPG made this commendation during the third year anniversary celebration of NUPRC. According to the independent petroleum producers, the Commission has ...

……..by Ben Ndubuwa…….The Rural Electrification Agency (REA) has paid $18 million to the private sector operators in order to expand access to electricity. REA said it used InfraCredit’s guarantees to provide electricity access to over 7.8 million people. According to REA over $350 million has been paid to private sectors globally to expand electricity access, with Nigeria contributing more than ...

The NNPC Limited – Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has made a near-field discovery with the successful drilling of the Meji NW-1 well in Petroleum Mining Lease (“PML”) 49 within the shallow offshore area of the Western Niger Delta, which was recently converted to the PIA 2021 terms. The Well was spud on September 2, 2024, and reached ...

The Nigerian Association of Petroleum Explorationists (NAPE) is hosting a Workshop for Media Professionals covering energy and the oil and gas sectors of the Nigerian economy. The theme of the workshop is ‘Trends in Energy Transition and AI- Assisted Oil and Gas Reporting for Oil & Gas Media Professionals’ and it is scheduled to hold on Thursday October 17, from ...

Samuel Nwanze, Executive Director and Chief Financial Officer of Heirs Energies, has recommended the adoption of innovative financing mechanisms, including green bonds and blended finance, to accelerate the development of solar and other renewable energy projects in Nigeria.  He emphasized the role of tailored financial solutions in addressing project-specific risks and attracting investments.    He made this known during a firechat ...

Nigeria has witnessed the sixth grid collapse this year, which has thrown Nigerians into darkness again as the nation continues to grabble with constant electric power failure. Reports nationwide indicated the grid collapsed at about 6:18 p.m. on Monday. Power generation dropped from 3.87 gigawatts at 5 pm to 3.56GW at 6 pm and 0.00GW at 7 pm and 8 ...

….by Victor Egbo…. The Managing Director of NIPCO PLC, Mr. Suresh Kumar has urged the Nigerian government to incentivize International Oil Companies (IOCs), including Chevron, to convert more of their propane output into butane. This move, he hu, would boost local production of Liquefied Petroleum Gas (LPG) and help curb the rising cost of cooking gas in Nigeria. Kumar made ...

Sahara Group’s path to net-zero emissions has been tiered into distinct phases. In the short term (2022-2030), the focus will be on reducing carbon footprint through initiatives like fleet electrification, cycling programs, and energy efficiency measures,a statement said. In the medium term (2031-2040), Sahara will look to further diversify its energy portfolio and increase investments in renewable energy projects. Ultimately, ...