PARIS, Feb 5 (Reuters) – French oil major TotalEnergies (TTEF.PA) beat expectations for fourth-quarter earnings on Wednesday, as higher trading profits in the gas market helped it offset some of the impact of low oil prices and weak fuel demand. Adjusted net income for the final three months of 2024 was $4.4 billion, down 15% from $5.2 […]Read More
The West African Gas Pipeline Company Limited (WAPCO), owner and operator of the West African Gas Pipeline (WAGP), has suspended the supply of natural gas from Nigeria to Ghana, Benin and Togo following major pipeline maintenance activities from February 5 to March 2, 2025. The company said in a statement that these activities include the […]Read More
PE Energy, a subsidiary of PANA Holdings, has reaffirmed its commitment to supporting Nigeria’s efforts to eliminate routine gas flaring and reduce methane emissions, in alignment with global climate commitments and regulatory frameworks. At COP28 in the UAE, President Bola Ahmed Tinubu underscored Nigeria’s determination to tackle methane emissions, a potent greenhouse gas that constitutes […]Read More
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a stern warning to oil companies, stating that it will deny export permits for crude oil cargoes intended for domestic refining if they fail to meet their domestic crude supply obligations. This announcement was made by Gbenga Komolafe, the Commission’s Chief Executive, in a statement released […]Read More
The Nigerian government has indicated that electricity tariffs may need to increase by over 65% for some consumers to align with the actual cost of power production. Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, told Bloomberg that power tariffs in Nigeria must rise by approximately two-thirds for many users to reflect the […]Read More
Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday, 1st February 2025. The company made this known in a release signed by Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, and published on it X (formerly […]Read More
SustyVibes, a youth-led organisation making sustainability actionable and relatable for young Africans, has launched the Naija CookWise campaign to promote the adoption of cleaner cooking fuels among one million women and youth in Nigeria. The campaign, supported by the Urban Movement Innovation Fund, aims to raise awareness of the dangers of traditional cooking methods, highlight […]Read More
The Nigerian National Petroleum Company (NNPC) Limited have launched five mini-Liquiefied Natural Gas (LNG) Plants in Ajaokuta, Kogi State. The Plants, launched alongside partners, have a combined capacity of 97 million standard cubic feet of gas per day (mmscf/d). NNPC stated that this furthers its efforts to deepen domestic gas utilisation, in line with the […]Read More
The global energy transition is undergoing a seismic shift. A surging demand for electrification is colliding with aged infrastructure, while the rapid adoption of artificial intelligence is adding to the unprecedented pressure on energy systems. Yet, at the same time, AI presents the opportunity to resolve existing operational challenges, improve energy security and recharge the […]Read More
President Bola Tinubu has confirmed the approval of a $1.1 billion fund from the African Development Bank (AfDB) to provide electricity to 5 million Nigerians by the end of 2026. In addition, Tinubu highlighted the AfDB’s $200 million Nigeria Electrification Project. This aims to provide electricity to 500,000 people by the end of 2025. Bayo […]Read More
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