To address energy concerns, German Chancellor Olaf Scholz initiates discussions with Nigeria and other West African nations. The focus is on importing more oil and gas. Scholz, on his third …
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Monthly Archives
October 2023
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Energy Transition
Nigeria’s Gas Revolution: How CNG Buses and Conversion Centres Will Boost Economy and Environment
Nigeria, the eighth-largest gas-producing nation in the world, is set to transform its transportation sector with the launch of the Presidential Compressed Natural Gas (CNG) Initiative. The initiative aims to …
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Amid the growing momentum in the sustainable finance sector, Standard Bank plays a pivotal role in pioneering green initiatives, from renewable energy funding to impactful social development projects in Africa. …
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Reconnaissance Energy Africa (ReconAfrica) has recently made a strategic move to streamline its operational focus and financial position by divesting its Mexico operations. The company has entered into a definitive …
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In a significant move, AITEO, Nigeria’s leading oil producer, introduced a revolutionary oil transport method. The strategy supports President Bola Tinubu’s goal of increased oil production. Oil mogul Benedict Peters’ …
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Solar power is becoming a popular and affordable option for millions of households in sub-Saharan Africa, according to a new report by the International Energy Agency (IEA). The report, released …
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In the changing landscape of global finance, oil refiners confront a significant challenge: securing funding. With environmental concerns reshaping fiscal policies, banks worldwide are retracting their financial support for fossil …
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In a stark reminder of the complexities of energy security, Ghana faces a significant setback as a gas supply shortage triggers a 550MW plunge in electricity generation, casting parts of …
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The MSGBC Basin is becoming a new powerhouse in the global energy sector, with Senegal and Mauritania poised for their first gas production in 2024. They aim to boost local …
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Nigeria has a huge potential to generate renewable energy from its solid waste, according to an expert from the state-owned oil company. Kanayochukwu Odoe, the Managing Director of NNPC New …