Energy
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Blocks Shell’s Oil Asset Sale, Approves Exxon Mobil Deal
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has blocked Shell’s proposed sale of its onshore and shallow-water oil operations while...
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Oil Prices Decline Amid Middle East Tensions and Slowing Chinese Demand
Oil prices decline Tuesday as U.S. Secretary of State Antony Blinken renewed diplomatic efforts for a ceasefire in the Middle...
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Power Sector: Minister of Power Advocates for Regional Power Grids to Combat Grid Collapses
The Minister of Power, Adebayo Adelabu, has emphasized the urgent need for establishing regional power grids in Nigeria to mitigate...
Read moreNERC Reports 48% Revenue Surge for DisCos in Q2 2024 Amid Tariff Hikes
The Nigerian Electricity Regulatory Commission (NERC) has reported a remarkable 48% increase in revenue generated by the 11 electricity distribution...
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NASENI Targets Commercialization of 52 Products Under New Leadership
The National Agency for Science and Engineering Infrastructure (NASENI) is poised for a transformative shift as it embarks on a...
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Oil Prices Steady as Markets Eye U.S. Federal Reserve Rate Cut and Middle East Tensions
Oil prices stabilized on Wednesday after a two-day rally, as investors await the U.S. Federal Reserve’s expected interest rate cut...
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NERC Unveils Solar Auction Framework to Boost Nigeria’s Renewable Energy Capacity
The Nigerian Electricity Regulatory Commission (NERC) has organized a workshop in Abuja to showcase key findings from two landmark studies—the...
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Nigeria’s Crude Oil Production Rises for Fifth Consecutive Month to 1.57 mb/d in August
According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s crude oil production, including condensates, increased for the...
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Nigeria’s Crude Oil Production Increases by 36,983 bpd in August Amid Intensified Fight Against Oil Theft
Nigeria’s crude oil and condensate production saw a slight increase in August 2024, rising by 36,983 barrels per day (bpd)...
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Oil Prices Climb as Hurricane Francine Disrupts Gulf of Mexico Output
Oil prices surged on Friday, continuing a rally sparked by production disruptions in the U.S. Gulf of Mexico as Hurricane...
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