Tony Elumelu’s Heirs Energies has won a global finance award in London for the $750 million deal that transformed Nigeria’s OML 17 oil block.
In the News
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KEY POINTS The Federal Government, in collaboration with the World Bank and the Rural Electrification Agency (REA), has launched a nearly $100 million mini-grid energy initiative aimed at improving electricity …
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KEY POINTS Nigerians across major cities are struggling with a sharp increase in the price of Liquefied Petroleum Gas, LPG, commonly known as cooking gas, which now sells for as …
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In the NewsOil & Gas
Chevron Nigeria Reaffirms Commitment to Environmental Stewardship on World Environment Day 2026
KEY POINTS Chevron Nigeria and Mid-Africa Region marked World Environment Day 2026 by reaffirming its commitment to environmental stewardship under the global theme “A Global Call for Climate Action.” The …
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In the NewsMarketsOil & Gas
Eskom Advances Load Reduction Elimination as Smart Meter Rollout Expands
KEY POINTS Eskom has reported major progress in its nationwide programme aimed at eliminating load reduction by 2027, with more than 700,000 households already removed from the system. According to …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reaffirmed its commitment to ending routine gas flaring by 2030 and reducing methane emissions by 60 per cent by 2035 …
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KEY POINTS The African Energy Chamber (AEC) has welcomed the commencement of construction on a second crude processing unit at the Dangote Petroleum Refinery, describing the project as a major …
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Nigeria’s upstream oil regulator has called on banks to take a more active role in funding gas development and unlocking upstream investment opportunities.
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Eskom and Zululand Energy Terminal have signed a heads of agreement that brings South Africa’s first LNG import terminal and a 3,000MW gas plant closer to reality.
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Nigeria has launched national guidelines for integrating solar mini-grids into its power grid, backed by Germany and the EU under the NESP program.