Savannah Energy PLC, the British independent energy company focuses on the delivery of projects that matter in Africa, has announced the completion of its acquisition of ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon. The deal includes the operators of the upstream assets (through the acquisition of the former operator, Esso Exploration and Production Chad, Inc.), also …

Globeleq, a leading independent power company in Africa, has announced the transfer of its ownership interest in Globeleq Power Solutions Nigeria (GPSN) to Clean Energy Holdings Limited (CEHL). This, it said, followed a review of its strategy and portfolio. According to a statement by its Director of Communication and Government Affairs, George Cazenove, the transfer relates to a group of assets …

Lekoil Nigeria Limited, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced that it has reached agreement with Lekoil Limited (Lekoil Cayman), a Cayman Islands litigation asset company with an investment in oil and gas assets in Nigeria, have agreed to terminate all legal proceedings and settle all claims made by …

The Department of State Services (DSS) has given the Nigerian National Petroleum Company (NNPC) Limited and oil marketers a 48-hour ultimatum to make Premium Motor Spirit (better known as petrol) available across the country. Briefing journalists at the headquarters of the secret police in Abuja after over three hours closed-door meeting with stakeholders in the petroleum sector on Thursday, DSS …

The Nigerian National Petroleum Company Limited (NNPC) has blamed fuel queues in Lagos State and Abuja on ongoing construction projects in the cities. NNPC’s Executive Vice President for Downstream, Adeyemi Adetunju told a news conference in Abuja on Tuesday: “The recent queues in Lagos are largely due to ongoing road infrastructure projects around Apapa and access road challenges in some …

Nigeria requires $410 billion to achieve its energy transition plan by 2060 to address challenges and policy flexibility in the sector, the Federal Government has said.  this At the 7th Meeting of the National Council on Hydrocarbons in Minna, Niger State, the Minister of State for Petroleum Resources, Chief Timipre Sylva said that Nigeria was committed to achieving carbon neutrality. …

The Senate on Tuesday mandated the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to resume full regulatory oversight of all crude oil terminals in Nigeria. This is to curb pipeline vandalism and theft, which has resulted in Nigeria’s failure to meet its OPEC quota between January and July, this year. The major shut-in of well and fields led to lack of …

The fifth edition of the Powerelect Nigeria, the international trade fair and conference on power, energy, renewable and electrical industry is scheduled to hold from 27th to 29th March, next year. Powerelect Nigeria 2023 will take place at Balmoral Convention Centre, Victoria Island, Lagos. The largest international trade fair, B2B meeting and conference, Powerelect Nigeria 2023 is curated for the …

An African initiative to increase solar generation capacity and provide 250 million people across Africa’s Sahel region with electricity access continues to attract financial support from around the world. Launched in 2019 by the African Development Bank (AfDB) Group and its partners, the Desert to Power initiative is designed to make Africa a renewable power house. Desert to Power will develop …

The realistic pump price of Premium Motor Spirits (popularly known as petrol) is between N200 and N210 per litre, according to the National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Mike Osatuyi. This is as the stock of petrol by the Nigerian National Petroleum Company Limited (NNPCL) has dipped by 5,481,239 litres, going by industry …