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PowerGen, Partners to Deploy 120MW Renewables Across Africa
energy climate news power renewables

PowerGen, Partners to Deploy 120MW Renewables Across Africa

January 16, 2025

PowerGen Renewable Energy (PowerGen) has partnered with leading international investors to establish a scalable, distributed renewable energy platform targeting the deployment of 120 megawatts (MW) of renewable power, including battery energy storage solutions across Africa. The platform is a collaboration between PowerGen and the Private Infrastructure Development Group (PIDG), the Danish Investment Fund for Developing Countries (IFU), EDFI Management Company, through […]Read More

Oil Glut Will Expand in 2026 as OPEC Output Rebounds, EIA Says
energy news Oil and Gas

Oil Glut Will Expand in 2026 as OPEC Output Rebounds,

January 16, 2025

Global oil markets are on track to face a significant surplus in 2026, according to the U.S. Energy Information Administration (EIA). OPEC’s decision to ramp up production, combined with steady output growth from countries like the United States, Canada, and Guyana, is driving the projected glut. In its latest report, released on January 14, 2025, […]Read More

NNPC Remits ₦10trn, Tops Taxpayer Rankings in Nigeria – Kyari
energy news Oil and Gas

NNPC Remits ₦10trn, Tops Taxpayer Rankings in Nigeria – Kyari

January 15, 2025

Mele Kyari, the Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, announced on Wednesday that the state-owned oil company has contributed ₦10 trillion to the federation account. He highlighted that this achievement makes NNPC the highest taxpayer in Nigeria and the only company in the country that consistently publishes 100% of its […]Read More

Enugu, Ekiti, Ondo, Imo to Begin Electricity Generation, Transmission, Distribution
energy news power renewables

Enugu, Ekiti, Ondo, Imo to Begin Electricity Generation, Transmission, Distribution

January 14, 2025

The Nigerian Electricity Regulatory Commission (NERC) has confirmed that four state governments—Enugu, Ekiti, Ondo, and Imo—are now set to assume control of electricity generation, transmission, and distribution within their respective states. This follows the ongoing transfer of regulatory authority from NERC to state-level regulators. In an announcement shared on the social media platform X, NERC […]Read More

NERC Grants Niger State Control of Electricity Market Regulation
energy news power

NERC Grants Niger State Control of Electricity Market Regulation

January 10, 2025

The Nigerian Electricity Regulatory Commission (NERC) has issued an order transferring regulatory oversight of Niger State’s electricity market to the Niger State Electricity Regulatory Commission (NSERC). This decision aligns with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the revised Electricity Act 2023. Niger State joins Enugu, Ekiti, Ondo, Imo, Oyo, Kogi, […]Read More

Seplat Targets 120,000bpd crude Oil Production
energy news Oil and Gas

Seplat Targets 120,000bpd crude Oil Production

January 8, 2025

Oil and gas giant Seplat has announced its ambition to double its crude oil production capacity within six months. This follows their acquisition of assets previously held by ExxonMobil, who have withdrawn from Nigeria’s onshore oil sector. Seplat’s Chief Financial Officer, Eleanor Adaralegbe, outlined this target in an interview with the Financial Times on Tuesday. […]Read More

Aba Power Hikes Tariffs by 50% Amid Economic Challenges
energy news power

Aba Power Hikes Tariffs by 50% Amid Economic Challenges

January 7, 2025

Aba Power Limited Electric (APLE), an electricity distribution company (DisCo) serving nine Local Government Areas in Abia State, has announced a substantial increase in electricity tariffs, with rates soaring by over 50 percent. The revised tariffs, which came into effect on 1 January 2025, were authorised by the Nigerian Electricity Regulatory Commission (NERC). The company […]Read More

Shell Taps COOEC for Nigeria’s OML 144 Gas Project
energy news offshore Oil and Gas

Shell Taps COOEC for Nigeria’s OML 144 Gas Project

January 6, 2025

Shell has signed a significant engineering, procurement, and construction (EPC) contract with China’s Offshore Oil Engineering Company (COOEC) to advance Nigeria’s gas production. COOEC will deliver a platform jacket and topsides for the HI gas and condensate project in Nigeria’s Offshore Mining Licence (OML) 144. Key Milestones in Offshore DevelopmentSituated 50 kilometres offshore in the […]Read More

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