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Tags: Energy

Oando announces divestment of its residual 25% interest in Axxela Ltd

Oando announces divestment of its residual 25% interest in Axxela Ltd

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, today announced that it has divested its residual 25% interest in Axxela Limited (held through Glover Gas & Power B.V.) to Helios Investment Partners (“Helios”), a leading private equity firm with a… READ MORE

Manufacturers yearn for energy, tax, port reforms in Buhari’s second term

Manufacturers yearn for energy, tax, port reforms in Buhari’s second term

A major regret of President Muhammadu Buhari when he first came to power in 2015 was that Nigeria was importing virtually everything from toothpick to tomatoes. He then promised to change the narrative and make the country one of Africa’s biggest manufacturers. “We are determined to change Nigeria from a consumer nation to a producing… READ MORE

Global Gas Demand to Grow by 10 Percent to 2030

Global Gas Demand to Grow by 10 Percent to 2030

Global demand for gas will grow by around 10 percent towards 2030. That’s what Equinor expects, according to a statement posted on its website on Thursday, which revealed that the company sees “strong market opportunities for gas”. In an energy scenario consistent with the two-degree climate target, global gas demand would only be “slightly lower”… READ MORE

NNPC GMD inaugurates $60m gas plant in Delta

NNPC GMD inaugurates $60m gas plant in Delta

The Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru, on Thursday, inaugurated a $60m Egbeoma gas processing plant in Ebedei Community, Ukwuani Local Government Area of Delta State. At the inauguration ceremony, Baru said the NNPC was committed to pursuing the Federal Government’s aspiration of aggressively deploying the nation’s vast gas resources… READ MORE

South Africa, Sahara Group explore collaboration on energy in Davos

South Africa, Sahara Group explore collaboration on energy in Davos

Enhancing the capacity, accessibility, reliability and safety of energy in its various forms were the key issues that dominated discussions between South Africa and Sahara Group, a leading international energy conglomerate in Davos, Switzerland. The meeting had South African President, Cyril Ramaphosa, Minister of Energy, Jeff Radebe, Group Managing Director, Sahara Power Group, Kola Adesina… READ MORE

AFRICAN ENERGY CHAMBER ENDORSES NIGERIA PETROLEUM SUMMIT 2019

AFRICAN ENERGY CHAMBER ENDORSES NIGERIA PETROLEUM SUMMIT 2019

The African Energy Chamber (EnergyChamber.org) has announced its endorsement of the Nigeria International Petroleum Summit (NIPS) (NigeriaPetroleumSummit.com), which will take place at the Abuja International Conference Centre on January 27-30, 2019. The members of this Energy chamber, which include the majority of the international oil companies (IOCs), services companies and many African players will be in… READ MORE

IRENA/ADFD project facility backs West Africa’s renewables drive

IRENA/ADFD project facility backs West Africa’s renewables drive

Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (IRENA) have announced the selection of renewable energy projects in three West African regions to receive funding from the ADFD. Guyana, Liberia and Togo have been selected to receive these funds as part of the sixth cycle of the IRENA/ADFD Project Facility. With ADFD… READ MORE

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