Japan injects $500M to upgrade Nigeria’s power infrastructure, targeting key industrial areas for reliable electricity and economic growth.
In the News
-
-
OPEC has reduced its 2024 global oil demand growth forecast due to weaker-than-expected demand from China, complicating decisions for the OPEC+ group on whether to increase production later this year.
-
Chevron has reached a groundbreaking milestone by producing oil from the Anchor field in the Gulf of Mexico under ultra-high pressure conditions, setting a new standard in deepwater extraction technology.
-
Dangote Refinery calls on NUPRC to enforce the domestic crude supply obligation under the PIA to optimize operations.
-
Petrobras may issue extraordinary dividends in 2024 if conditions allow, despite a recent net loss. The company remains focused on balancing payouts with future investments.
-
Indonesia lowers its local content requirement for solar power projects to 20%, aiming to boost renewable energy capacity and attract foreign investment.
-
Edo Refinery faces shutdown due to crude oil supply delays, calling on NNPCL for immediate intervention to start production.
-
Petrochemical producers in Asia and Europe are battling oversupply and high energy costs, leading to consolidation, asset sales, and plant closures to stay competitive.
-
Maya Khonje-Stewart leads Africa’s solar energy revolution, aiming for universal access and global impact through sustainable power solutions.
-
Innovative financing models and supportive policies are accelerating renewable energy development in Africa, helping to overcome barriers and drive sustainable growth.