• October 23, 2024
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Tinubu Signs Executive Orders On Oil And Gas Reforms

Tinubu Signs Executive Orders On Oil And Gas Reforms

March 6, 2024

President Bola Tinubu has taken significant steps towards enhancing Nigeria’s investment climate, particularly in the oil and gas sector. The President recently signed three crucial execution orders aimed at fostering a more favourable environment for investment and positioning Nigeria as the top choice for investment in Africa’s oil and gas industry. According to a statement […]Read More

Kogi State Recovers 53 Stolen Transformers

Kogi State Recovers 53 Stolen Transformers

March 5, 2024

In a significant development, Governor Usman Ododo of Kogi State has revealed the successful recovery of 53 stolen transformers from the state. This declaration emphasises the government’s unwavering commitment to combating crime in the North-Central region. According to a statement issued on Monday by Ismaila Isah, the Special Adviser on Media to the governor, Ododo […]Read More

Transcorp Power Surges 10% on Debut Trading Day

Transcorp Power Surges 10% on Debut Trading Day

March 4, 2024

Transcorp Power Plc was listed on the Nigeria Exchange on Monday, March 4, with a 10 percent gain and a closing share price of N264. This gives us a valuation of N1.98 trillion, which means it made a whopping N180 billion on its first day of trading. The company, which is listed on the exchange […]Read More

GECF Signs Two MoUs to Enhance Energy Cooperation in Africa and Asia

GECF Signs Two MoUs to Enhance Energy Cooperation in Africa

March 2, 2024

The Gas Exporting Countries Forum (GECF) has announced the signing of two crucial Memoranda of Understanding (MoUs) with the African Energy Commission (AFREC) and the Economic Research Institute for ASEAN and East Asia (ERIA). These partnerships aim to foster expertise sharing, joint research, and workshops in the energy sector to drive sustainable development and technological […]Read More

Breaking: Transcorp Power Set to List with N1.8 Trillion Market Cap

Breaking: Transcorp Power Set to List with N1.8 Trillion Market

March 1, 2024

Transcorp Power, one of Nigeria’s leading energy companies, has unveiled plans to list on the Nigerian Exchange Limited (NGX), with a significant market capitalisation pegged at N1.8 trillion. In a statement obtained by EnergyPlanets, Transcorp Power announced its intention to introduce 7,500,000,000 Ordinary Shares, each valued at 50 kobo, at a price of N240.00 per […]Read More

Egypt Secures $40 Billion Investments in Green Hydrogen Deals

Egypt Secures $40 Billion Investments in Green Hydrogen Deals

March 1, 2024

Egypt has inked seven memoranda of understanding (MoUs) with international developers in the green hydrogen and renewable energy domains. These agreements, poised to attract investments totaling approximately $40 billion over the next decade, mark a pivotal step in Egypt’s ambitious green energy agenda. According to Planning Minister Hala al-Said, the investment landscape is set to […]Read More

Navy Intercepts N8 Billion Stolen Crude In 2 Months

Navy Intercepts N8 Billion Stolen Crude In 2 Months

March 1, 2024

The Nigerian Navy has announced remarkable achievements in its recent operations conducted in the Niger Delta region, aimed at combating oil theft and related criminal activities. According to Rear Admiral AO Ayo-Vaughan, the Director of Information of the Nigerian Navy, the operations carried out between January and February 2024 have resulted in significant arrests and […]Read More

NUPRC Commits to Fair, Competitive 2024 Closed Bids for Oil, Gas Fields

NUPRC Commits to Fair, Competitive 2024 Closed Bids for Oil,

February 29, 2024

In a resolute statement, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed its unwavering dedication to conducting the 2024 closed bids with utmost transparency and fairness. Emphasising the legality of this move under Section 73(1) of the Petroleum Industry Act (PIA), Engr. Gbenga Komolafe, the Chief Executive of NUPRC, underscored the importance of a […]Read More

BP to Invest $1.5 Billion in Egypt to Boost Gas Projects

BP to Invest $1.5 Billion in Egypt to Boost Gas

February 29, 2024

In a bid to bolster gas projects and drilling endeavours in Egypt, BP (LON:BP) has unveiled plans to inject approximately $1.5 billion into the North African nation over the next few years. This significant investment underscores the company’s commitment to the region’s energy sector and its strategic vision for growth. A spokesperson from BP highlighted […]Read More

OPEC Urges Nigeria to Seize $14trn Investment Opportunity in Oil Market

OPEC Urges Nigeria to Seize $14trn Investment Opportunity in Oil

February 29, 2024

In a bid to tap into the burgeoning $14 trillion investment opportunity in the global oil market by 2035, the Organization of the Petroleum Exporting Countries (OPEC) has advised the Nigerian National Petroleum Company Limited (NNPCL) to ramp up oil production. This counsel was shared by OPEC’s Secretary General, Haitham Al-Ghais, during his recent visit […]Read More

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