Nigeria’s state oil company, NNPC Ltd, announced late Wednesday that it had signed a memorandum of understanding with Golar LNG of Norway to build a floating liquefied natural gas plant in the country. Nigeria, Africa’s largest oil producer, has some of the world’s largest gas reserves and is looking for investment to boost domestic supplies […]Read More
ExxonMobil Corp units in Nigeria have declared force majeure over oil shipments from several terminals in the country after industrial action, a spokesman for one of the companies told Bloomberg. Three units of the US major have declared a milestone allowing them to waive contractual obligations due to events beyond their control, a spokesman for […]Read More
Sterling Bank Plc’s corporate headquarters, which is powered by Building Integrated Photovoltaic (BIPV) energy technology as its primary source of energy, is set to go completely off-grid in the second quarter of the year. Olabanjo Alimi, group head of transport and renewable energy at Sterling Bank, told EnergyPlanets in an exclusive interview that the building […]Read More
Shell has scrapped plans to establish a biofuel unit and a Group 2 base oil refinery in Singapore. The biofuel facility was designed to create 550,000 t/yr of SAF, HVO, and renewable chemicals utilizing renewable hydrogen and waste biofuel feedstocks such as discarded cooking oil and animal fats. It is uncertain how much Group 2 […]Read More
In response to the offer made public in January 2023, the parties have now formally agreed to the purchase of all outstanding common units of GasLog Partners that are not beneficially owned by GasLog. GasLog Partners will make a special cash distribution of $3.28 per common unit to the GasLog Partner’s unitholders in connection with […]Read More
Saudi Arabia and other OPEC+ oil producers unexpectedly cut oil production by more than 1.16 million barrels per day on Sunday. Analysts predicted an immediate price increase, and the United States deemed the action unwise. The pledges bring OPEC+’s total reductions, which include Russia and other allies, to 3.66 million bpd, or 3.7 percent of […]Read More
The Enugu Electricity Distribution Company PLC (EEDC) and the Government of Anambra State entered a strategic partnership aimed at delivering the energy requirements in the state, for reliable, universal electricity access. To seal this collaboration, Charles Chukwuma Soludo, the Executive Governor of Anambra State, presided over the memorandum of understanding signing ceremony which was held […]Read More
Copenhagen Infrastructure Partners (CIP) has acquired the majority stake in Mulilo Energy Holdings (Mulilo), a prominent renewable energy developer in Cape Town, South Africa, through its Copenhagen Infrastructure New Markets Fund I (CI NMF I). According to multiple reports, CIP will take over the company, while Mulilo’s current founders and management will continue to lead […]Read More
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