Shipping CEOs Seek End To Fossil-Only Powered Newbuilds

Shipping CEOs Seek End To Fossil-Only Powered Newbuilds

The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to...
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Nigeria Partners Germany On Presidential Power Initiative

Nigeria Partners Germany On Presidential Power Initiative

President Bola Tinubu and German Chancellor, Olaf Scholz on Friday witnessed signing of an agreement targeted at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria.   ...
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Seplat Energy wins SISA’s CSR Award For Education Empowerment

Seplat Energy wins SISA’s CSR Award For Education Empowerment

Seplat Energy Plc has won the Social Impact & Sustainability Awards (SISA) CSR Award for Education Empowerment organized by CSR Reporters. CSR Reporters is Africa’s premier all-Corporate Social Responsibility (CSR) and Sustainability ...
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Minister Lauds Waltersmith Group, NCDMB For Improving Domestic Refining Capacity

Minister Lauds Waltersmith Group, NCDMB For Improving Domestic Refining Capacity

The Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has commended Waltersmith Group and the Nigerian Content Development and Monitoring Board (NCDMB) for supporting the Federal Government agenda of improving domestic refining capacity. Speak...
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Factors Responsible For Electricity Failure In Nigeria, By Stakeholders

Factors Responsible For Electricity Failure In Nigeria, By Stakeholders

Unknown to many Nigerians, failure in regular electricity supply to households and businesses in the country is not only as a result of government negligence or lack of resources to generate it, but also due to complicated web of offic...
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Firm Earmarks $3b For Eleven LNG Carriers

Firm Earmarks $3b For Eleven LNG Carriers

After revealing plans to shift its business focus towards the LNG carrier sector, Capital Product Partners L.P. (CPLP) has now entered into an agreement to acquire eleven newbuild LNG carriers for a total price of $3.1 billion. Under the agreement,...
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NNPC Tasks Stakeholders On Diversified Energy Portfolio

NNPC Tasks Stakeholders On Diversified Energy Portfolio

The Group Chief Executive Officer, Nigerian National Petroleum Corporation Limited (NNPC Ltd), Mele Kyari has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve and lead in the ever-changing global energy landscape.  Kyari gave...
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Roger Brown: Africa Should Reposition Energy Industry For The Future 

Roger Brown: Africa Should Reposition Energy Industry For The Future 

Africa should reposition the energy industry for the future and become much more efficient with its energy resources, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown has said. He urged African countries to accept the fact that energy...
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Corporate Governance: NCDMB Counsels Heritage Energy, Indigenous Firms On NC Compliance

Corporate Governance: NCDMB Counsels Heritage Energy, Indigenous Firms On NC Compliance

The management of Heritage Energy Operational Services Limited (HEOSL) and other indigenous oil and gas companies have been advised to adopt strict corporate governance guidelines in their operations if they want their firms to grow sustainably. The companies ...
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Russia-Ukraine Crisis Takes Toll On Nigeria’s Crude

Russia-Ukraine Crisis Takes Toll On Nigeria’s Crude

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international oil market, leading to a dip in demand from the once-depend...
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Seplat Energy Appoints Three Independent Non-Executive Directors

Seplat Energy Appoints Three Independent Non-Executive Directors

The Board of Directors of Seplat Energy Plc has announced the appointment of Mr. Christopher John Okeke, Mr. Udoma Udo Udoma and Mr. Babs Omotowa as Independent Non-Executive Directors of the Company. A statement sent to City Business News explained that....
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Hyundai Seals $3.9b Deal With Qatar For 17 LNG Carriers

Hyundai Seals $3.9b Deal With Qatar For 17 LNG Carriers

South Korean shipbuilding major, HD Hyundai Heavy Industries, has signed the contract for the construction of 17 liquefied natural gas (LNG) carriers with Qatar Energy worth $3.9 billion. The contract signing was held as part of South Korea’s President Yoon....
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Shell Probes Leak From Bayelsa Flow Station

Shell Probes Leak From Bayelsa Flow Station

The Shell Petroleum Development Company of Nigeria has confirmed the October 3 oil spill from its facilities at Peremabiri community in Southern Ijaw Local Government Area of Bayelsa State. Michael Adande, a Spokesperson for SPDC, confirmed the development to ...
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Seplat CEO: Affordable, Reliable Energy Key To Creating Jobs

Seplat CEO: Affordable, Reliable Energy Key To Creating Jobs

Affordable and reliable energy provides the right platform for businesses in Africa to create and retain jobs for its fast-growing population and further make the Continent sustainable.  Access to energy and energy security remains critical for the Contin...
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