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Category: Energy

Energy

UPDATED: Fresh $18bn Investments Coming Into Nigeria’s Oil & Gas Sector, Says Wunti

15/07/202315/07/2023

The Chief Upstream Investment Officer of the NNPC Upstream Investment Management Services (NUIMS), Mr Bala Wunti on Wednesday said that a whopping sum of $18bn would be invested between now…

Energy

New Iceland Tech Shakes Up Global Geothermal Energy

11/07/202311/07/2023

Amongst the many common facts about Iceland (Björk, Chess in Reykjavik, and Viking Sagas), many know the island’s nickname, “The Land of Fire and Ice.” Beautiful landscapes draw tourists to…

Energy

Naira windfall for oil firms as CBN lifts dollar restrictions

09/07/202309/07/2023

International Oil Companies (IOCs) in Nigeria will get more naira for their dollar earnings after the Central Bank on Wednesday permitted the companies to resume dollar sales to banks in…

EconomyEnergy

Nigeria exports N23bn electricity, local consumers lament outage

06/07/202330/07/2023

Power consumers, on Wednesday, kicked against the export of about N23.13bn worth of electricity from Nigeria to some neighbouring countries in 2022 despite the widespread darkness witnessed in many Nigerian…

Energy

Tinubu Backs $5bn Floating LNG Project To Develop Gas Resources

06/07/202308/07/2023

President Bola Tinubu (C) with members of the UTM FLNG, TECHNIP Energies and JGC Corporation at the State House on Wednesday, July 5, 2023. Photo: Nosa Asemota President Bola Tinubu,…

Energy

Seplat vows to complete $1.3 billion ExxonMobil acquisition

01/07/202301/07/2023

by Omono Okonkwo 2 days ago Seplat Energy Plc, a Nigerian and London-listed energy company, has expressed continued interest in acquiring oil and gas assets from Exxon Mobil Corporation. The…

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