Tinubu reinstates HYPREP coordinator after Ogonis set agenda for Adekanbi
Post AMUGE
July 16, 2024
Ben Eguzozie In just one day after some factional leaders of the Ogonis set an agenda for Olufemi Adekanbi, who was appointed project coordinator of the Hydrocarbon Pollution Remediation Project, President Bola Tinubu has sanctioned the reinstatement of sacked Nenibarini Zabbey to the post. Zabbey, a professor, was sacked on Saturday and Adekanbi appointed to […]
Seplat CEO pushes speedier divestment process to enhance Nigeria’s oil production
Post AMUGEJuly 9, 2024
Business a.m. Reporter A speedier process in the divestment of oil assets in Nigeria has huge potential of raising the country’s oil production, says Roger Brown, the chief executive of independent oil company, Seplat Energy Plc. Brown, who leads the company quoted on both the Nigerian and London Stock Exchanges, said the country’s sub-surface potentials […]
Nigeria’s hydrocarbon reserves come alive as NNPC Ltd, Newcross commence 12,000bpd from Awoba Unit Field
Post AMUGEApril 24, 2024
Business a.m. In a bid to fully maximise the value of Nigeria’s rich hydrocarbon assets and boost the nation’s coffers, NNPC Ltd and Newcross Exploration and Production Ltd have collaborated to revive the dormant Awoba field, a once-productive asset that had fallen victim to the effects of crude oil theft and evacuation issues. The strategic […]
COP28 sets goal to boost clean energy, phase out fossil fuels
Post AMUGEDecember 4, 2023
ONOME AMUGE A raft of initiatives are emerging and getting launched at the ongoing U.N. climate summit, COP28, in Dubai aimed at boosting clean energy and reducing the world’s dependence on fossil fuels, details rolling out of the event show. One of the most widely supported initiatives is expected to lead to a cut […]
Nigeria sets sights on $575bn investments in decarbonisation operations
Post AMUGEDecember 4, 2023
Business a.m The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has released a statement outlining how its Industry Sustainability Initiative (NISI) could create up to $575 billion in capital investment opportunities for Nigeria through decarbonisation. During a session at the UN Climate Change Conference 2023 (COP28), the NMDPRA explored the country’s path towards energy […]
Global, African organisations pledge $175m in solidarity for Africa green infrastructure
Post AMUGEDecember 4, 2023
Joy Agwunobi In a powerful show of support at COP28, a coalition of African and global institutions, as well as the governments of Germany, France and Japan and philanthropies, have committed more than $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The commitment to the AGIA was made by a […]
Oil prices rise ahead of key OPEC+ meeting on potential supply cuts
Business a.m.November 30, 2023
Business a.m Oil prices rose on Thursday as investors prepared for the OPEC+ meeting, which could result in further supply cuts. The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, are expected to discuss reducing production further to support prices. Brent crude futures for January delivery were up 65 cents, or […]
Salvi Lighting Nigeria ushers in a new era of lighting solutions
Onome AmugeNovember 29, 2023
Onome Amuge Nigeria’s reputation as the “Giant of Africa” has been questioned due to its unreliable and inadequate power supply. Many households and businesses rely on generators to meet their electricity needs, which adds to the cost of doing business and reduces the country’s global competitiveness. The power crisis has had a significant […]
NSIA announces $500m renewable energy initiative to transform Nigeria’s energy landscape
Cynthia EzekweNovember 21, 2023
Cynthia Ezekwe The Nigerian Sovereign Investment Authority (NSIA) recently launched a $500 million Renewables Investment Platform for Limitless Energy (RIPLE), with the goal of attracting more investments into the energy sector and redefining Nigeria’s energy landscape. To support the success of this initiative, NSIA signed a Memorandum of Understanding (MoU) with the International Finance Corporation […]
TotalEnergies not planning to leave Nigeria, says firm’s exec
BEN EGUZOZIENovember 14, 2023
Ben Eguzozie, in Port Harcourt TotalEnergies, French global energy company, with more than half a century petroleum business operations in Nigeria, says it is not thinking of leaving the country anytime soon, amid the exit of some other IOCs from the country. “We’re here for the long haul, even though some IOCs are […]