NIGERIA’s leading marginal field operator, Oriental Energy Resources Limited, OERL, has confirmed oil discovery in two deep prospects that were identified during extensive subsurface studies in its offshore Ebok field. Oriental Energy commenced the appraisal drilling campaign in the North Fault Block of the field in the first quarter of 2019, Q1’19, with the objective…
Despite bullish fundamentals this week that saw over 8 million barrels shaved off US inventories, shrinking OPEC production in July, a force majeure declaration by Libya, and continuing tensions in the Persian Gulf, oil prices saw the largest daily loss in years on Thursday after President Donald Trump tweeted that his administration would be putting…
Energy efficiency is the most cost-effective way to achieve economic growth, decarbonise economies and meet the goals of the Paris Climate Agreement, write Kim Fausing and Rachel Kyte. As the world increasingly benefits from the price revolution in renewable energy and the world’s largest investors come to grips with the phase-down of fossil fuels, it…
Shittu Oluwadamilola – Abuja The Nigerian National Petroleum Corporation has said the volume of foreign investment flow into the country will not be as robust as it should be until the petroleum legislation for the oil and gas sector is passed. The NNPC’s Group Managing Director, Mele Kyari, said this during a visit of the…
By Oke Peter Director-General of the Nigerian-American Chamber of Commerce, Mrs. Joyce Akpata has advised entrepreneurs in the country to build business that will outlive them, nothing that creating a gap between business and personal interest will make the business sustainable. Akpata gave the charge in her lecture entitled: ‘Creating the right structure in building…
Schneider Electric in partnership with PowerForAll and Rockefeller Foundation earlier this week in Abuja launched a campaign to develop human capital towards curbing a widening unemployment gap in the power sector. The powering jobs campaign became a necessary sequel to a recent study by PowerForAll which revealed that there is an urgent need to develop…
The Germany Africa Business Forum (GABF) brings together Africa’s foremost executives with German companies, investors and innovators with the aim of driving change The Germany Africa Business Forum (GABF), whose goal is to strengthen investment ties between Germany and Africa, announced it has, in collaboration with private partners from the energy industry, launched a multi-million…
Crowdfunding has taken off globally and has recently begun to gain traction in Africa in particular, because of the opportunities it gives individuals or businesses looking to raise awareness and funds for their innovative ideas and products. On that note, the African Crowdfunding Platform Event was held in Mauritius on Monday 22 July 2019 at…
Kenya has unveiled Africa’s largest wind power plant with plans to go 100 percent green energy by 2020. President Uhuru Kenyatta disclosed this on at the unveiling ceremony of the wind power plant on Friday. The project, according to President Kenyatta, will position the East African economic powerhouse on the pathway to becoming a global…
Being a text of an address delivered by President Muhammadu Buhari at the meeting with the President/ Chief Executive Officer, Siemens AG, Mr Joe Kaeser at the State House, on Monday, 22nd July, 2019. Thank you all for coming today and for the roles you have all played in planning what we hope will be…
