Shell’s withdrawal opens doors for Nigerian firms
Oil major’s departure from the Nigerian onshore oil business offers opportunities for local firms, but could also leave a financing gap
Year: 2024
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Vandals destroy Towers T377 and T378 along the Gombe – Damaturu 330kv Transmission Line
This act, perpetrated by insurgents, resulted in a load loss of approximately 5MW.
FG hands over Zungeru power plant to concessionaire
Tuesday’s move is expected to “boost Nigeria’s power generation capacity and contribute significantly to meeting the country’s growing energy demands,”
Africa embraces floating LNG
E&P firms may opt to stick with the “quicker payback” still available with oil developments instead.
Triple win: How Africa’s industrials can decarbonise, lower energy costs and increase reliability all at the same time
In Africa, just like anywhere else, energy-intensive businesses are under great pressure to decrease CO2 emissions as they continue to compete in the global marketplace.
36 oil blocks under concession to IOCs, others, says NNPCL
The blocks are classified into Oil Prospecting Licence and Oil Mining Licence. An OPL is granted by the government to an applicant company registered for exploration and production purposes,
Tackling the plastics pollution crisis by channeling private capital to projects that reduce plastic waste
The new Plastic Waste Reduction-Linked Bond solves the timing mismatch problem by channeling up-front financing from capital market investors looking to support plastic waste collection and recycling activities, through a tradeable, high-grade investment product
TCN clarifies on low generation into the grid reduced allocation to Discos
TCN is doing everything possible in collaboration with stakeholders in the power sector to ensure that it continues to keep the grid intact inspite of the current low power generated into the system.”
FG to sell five power plants for $1bn
the cost of the plants should exceed $5bn based on international benchmark
Nigeria’s biggest gas pipeline advances
The 614km connection will advance domestic and regional gas utilisation for power generation and industrial development.