President Bola Tinubu has welcomed Shell and its partners’ announcement on Monday of the Final Investment Decision (FID) on the Bonga North deep offshore field. According to a Presidency statement, the landmark development, Nigeria’s first deepwater oil project in over a decade, underscores the transformative impact of the President’s policies and reforms in attracting investments in the oil and gas …

Following the high price of kerosene and gas commonly used for domestic cooking by the people, Kwara State Governor, AbdulRaman AbdulRazaq, has unveiled Eedu Ramoni, an alternative source of energy for domestic food preparation, especially in cities and rural communities in the country. Recall that the outlet price of cooking gas is N1,350 per kilogramme while kerosene also costs between …

Egbin Power has solidified its commitment to safety excellence, as the GenCo was recently recognised as “Best in Safety Performance in Power Generation Company” in Africa at the 2024 AfriSafe Awards held in Livingstone, Zambia. In the nomination category that had other top-performing power generation companies across Africa, Egbin Power clinched the award having implemented a series of safety initiatives …

The Federal Government has reiterated its commitment to ensuring a conducive operational environment for investors in the energy sector, with a specific focus on the oil industry. This assurance was made by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, during a meeting with the President EP Total Energies, Mr Nicolas Terraz, in Abuja. A statement by …

Nigeria’s power generation rose to a three-year high of 5,313 megawatts on Monday, the Federal Ministry of Power has declared. It declared this in a statement by the media aide to the power minister, Bolaji Tunji, adding that electricity distributors should ensure the distribution of the generated energy. “The national grid on Monday hit a record high of 5,313MW, a …

The Federal Ministry of Power and the China Ministry of Ecology and Environment, on Friday, supervised the signing of an agreement for the construction of a $150m lithium-ion battery manufacturing plant in Nigeria by a Chinese firm. Parties in the deal signed the agreement in Dubai at the United Nations Climate Conference, also known as COP28, according to a statement …

Ikeja Electric has marked its 10th year anniversary, highlighting its achievements and outlining its future plans. In a statement by the Head of Corporate Communications, Kingsley Okotie, the Chairman of the Board of Directors, Dr Kola Adesina, commended the staff for their dedication and positioning the company as a trailblazer in the Nigerian energy sector. Reflecting on the transformative period …

The Presidential Compressed Natural Gas Initiative has inaugurated the Kaduna State CNG conversion centre as part of the Federal Government’s effort to mitigate the effect of subsidy removal. According to the Chairman of the Presidential CNG Initiative Steering Committee, Mr. Zacch Adedeji, the CNG conversion site is a visionary facility designed to convert conventional petrol vehicles into Compressed Natural Gas …