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Energy
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Cash-strapped NNPC says cost impacting fuel supply sustainability
By Tochukwu Bliss, Abuja After a series of denials, NNPC Ltd., yesterday, finally admitted that its current “financial…
Africa Energy Bank: FG still committed to meeting September deadline
The Federal Government has reiterated commitment to meet the September deadline set out for the commencement of the…
Shell plans wide cuts in oil exploration division, sources say
Shell (SHEL.L), plans to scale back its oil and gas exploration and development workforce by 20% as CEO Wael Sawan…
Namibian asset demand soars ahead of election and amid oil discoveries
The discovery of increased reserves of crude oil in Namibia has sparked interest in Namibian assets, with an…
AI’s race for US energy butts up against bitcoin mining
U.S. technology companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of…
NERC grants six states authority to regulate electricity markets
By Tochukwu Bliss, Abuja The Nigerian Electricity Regulatory Commission (NERC), yesterday said it has granted six states the…
Reps to pass bill on electricity theft
By Tochukwu Bliss, Abuja Tough times lay ahead as House of Representatives has resolved to work with relevant…
Host communities seek upward review of 3% oil revenue share
The Host Communities of Nigeria Producing Oil and Gas have urged upward review of the three per cent…
NNPC supplies LNG to Japan, China delivered ex-ship basis
By Tochukwu Bliss, Abuja The Nigerian National Petroleum Company Limited (NNPC Ltd), yesterday said it has commenced shipment…
Oando completes acquisition of NAOC in a $783m deal
. As NNPC clarifies transactions on downstream operations By Stanley Onyeka, Lagos and Tochukwu Bliss, Abuja Oando Plc…