Over 1,200 alerts have been issued to governments and companies since a U.N. initiative began monitoring methane leaks from oil and gas infrastructure last year. But only 12 of those alerts for major plumes – just 1% – garnered a “substantive response” with action taken to plug the leaks, according to a report by the …read more →
WORLDReport
Access Bank Named Hits Forbes 2024 World’s Best Employers List
Access Bank PLC has been named as the only Nigerian company on the 2024 World’s Best Employers List by Forbes in reflection of its dedication to fostering a workplace culture that prioritises employee empowerment, inclusivity, and gender equity, leading full-service commercial bank. As one of only 13 African companies to receive this distinction amongst the …read more →
FG To Begin $750m World Bank Electrification Project For 17.5 Million Nigerians
The Rural Electrification Agency (REA) says starting in November, the Federal Government will kick-start a new rural electricity project bankrolled by the World Bank to provide electricity for 17.5 million Nigerians. The Agency’s Managing Director, Abba Aliyu, who revealed this on Channels Television’s Sunrise Daily programme, also said his agency has plans to provide cheap …read more →
Shell Names Adams SNEPCo’s New MD
Shell has named a new Managing Director for its deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Limited (SNEPCo.) He is Ronald Adams, formerly Chief Executive Officer of Atlantic LNG, Trinidad and Tobago. He takes over from Elohor Aiboni who proceeds on international assignment to Brunei Shell Petroleum (BSP) as Asset Director. Both …read more →
Britain to Close Last Coal Power Plant
Britain will become the first G7 country to end coal-fired power production on Monday with the closure of its last plant, Uniper’s Ratcliffe-on-Soar in England’s Midlands. It will end over 140 years of coal power in Britain. In 2015 Britain announced plans to close coal plants within the next decade as part of wider measures …read more →
NNPC Ltd/Chevron JV Concludes Conversion of Assets into PIA Terms
…As Partners Eye JV’s 165,000 bopd Oil Production Target by Dec 2024 In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its …read more →
NNPC Commences LNG Supply to Japan, China
The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced the shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on a Delivered Ex-Ship (DES) basis in line with its strategic vision to be a dynamic and reliable global energy supplier of choice. NNPC Ltd achieved the milestone through the collaboration of two …read more →
Oando Secures $783M Acquisition of Eni’s Nigerian Agip Oil
Oando Plc has finalized the acquisition of Nigerian Agip Oil Company (NAOC), a subsidiary of Italian energy giant Eni, for a deal valued at $783 million. The company announced on Thursday through a statement issued by its Chief Compliance Officer and Company Secretary, Ayotola Jagun. With this acquisition, Oando, a prominent energy solutions provider listed …read more →
Google Unveils AI Smartphones with New Features to Beat Competition
Alphabet’s Google has unveiled its latest lineup of Pixel smartphones, showcasing deeper integrations of its artificial intelligence (AI) technology as the company accelerates its push to embed AI into consumer hardware. The event, held at Alphabet’s Bay View campus in Mountain View, California, deviates from Google’s tradition of announcing new Pixel versions in the fall. This earlier timing marks Google’s …read more →
NLNG’s Energy-Efficient Chartered Vessel, AKTORAS, Arrives Bonny Terminal for Maiden Loading
AKTORAS, a new state-of-the-art and energy-efficient vessel, recently chartered by Nigeria LNG Limited (NLNG), has arrived at the Company’s Bonny Terminal for its maiden loading of LNG. According to a statement by the Manager, of Corporate Communication and Public Affairs, Sophia Horsfall, the charter of the vessel by NLNG’s shipping subsidiary, Bonny Gas Transport Limited …read more →