CNOOC Limited announces another major breakthrough in ultra-deepwater natural gas exploration
The success of this well has, for the first time, revealed the enormous potential of carbonate rocks in China’s ultra-deep waters.
Year: 2024
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NNPC Ltd/Chevron JV concludes conversion of assets into PIA terms
The PIA terms are generally perceived as more investor-friendly, compared to the erstwhile PPTA terms.
Nigeria licenses first floating LNG plant for export and domestic use
Nigeria has more than 209 trillion cubic feet of gas reserves but loses over $1 billion in annual revenue due to gas flaring, government estimates show.
Petrol price hike’ll heighten energy poverty, transfer N5trn from Nigerians to govt, says Rewane
Rewane also predicted that the new price of petrol would increase the number of Nigerian citizens trapped in energy poverty to 168 million in 2025, from 161 million in 2023.
NNPC conditions: Dangote refinery may dump local market, export petrol
The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel unless it was cheaper than that of the international market.
Nigeria set to achieve Universal Energy Access by 2060, says Adelabu
This is a partnership that spans decades with notable achievements across the power sector value chain in line with Nigeria’s goal of energy sustainability and economic development.
Petrol prices are determined by free market forces, says NNPCL
The scarcity should ease in the next few days as more stations recalibrate and begin operations.
Global Africa Business Initiative announces line up for 2024 flagship event “Unstoppable Africa: The Solution for a Global Future”
Unstoppable Africa will be hosted by Folly Bah Thibault from Aljazeera English and Larry Madowo from CNN and is supported by African Union, Afreximbank, BUA, Flour Mills Nigeria, Google, Rockefeller Foundation, Safaricom, and Summa Group, among others.
FG prosecutes 2 Chinese nationals, 5 others for illegal gold mining
The suspects caught in the act of illegally mining gold in a government reserved area, confessed during interrogation that they lacked the necessary licenses or authorisation to carry out their operations
Shell, Turkey sign 10-year LNG supply deal in regional gas hub push
The contract includes an option for the gas to be delivered to European terminals outside Turkey, Bayraktar said, adding that it will give Botas “critical capabilities” in LNG shipping.