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Nigeria Inks Massive Oil Deal With Supermajors

  Nigeria’s National Petroleum Corporation this week signed a deal with Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater Bonga field, the NNPC said in a series of tweets. The NNPC noted the deal marks a historic moment as it settles long-running disputes between the Nigerian government and international…

NDPHC Rescues National Power Grid, Delivers 22 Sub-stations, Others

The Niger Delta Power Holding Company (NDPHC), a key intervention agency in the Nigeria's power sector, has contributed over 3,400 megawatts (MW) to the national grid, delivering 22 substations since 2015, a new report has shown. Through its six National Integrated Power Projects (NIPP) thermal power plants and scores of power substations, the company has…

Shell Moving Offshore To Evade Clean Up Responsibility – Groups Alert FG

Civil society groups in Nigeria have urged the Nigerian government to compel Shell to clean up the massive pollution its extractive activities have created in the Niger Delta and cautioned that the company’s plans to divest its operations by moving offshore is only targeted at evading the scrutiny that its onshore activities have attracted. Three…

Sylva: We’ve No Plans To Increase Petrol Pump Price

The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government has no plans to increase the pump price of Premium Motor Spirit (PMS) also known as petrol in June. The Nigeria Governors’ Forum (NGF) had on Thursday at its virtual meeting considered the report of a committee headed by Kaduna State…

Shell: Nigeria Oil Operations Are Incompatible With Net-Zero Plans

By Tsvetana Paraskova Royal Dutch Shell does not see its upstream oil operations in Nigeria as compatible with its strategy to become a net-zero energy business, chief executive Ben van Beurden said at the supermajor’s annual general meeting on Tuesday. “The balance of risks and rewards associated with our onshore portfolio is no longer compatible with…

‘Net Zero’: CAPPA, Activists Take Climate Protest To Shell’s Corporate HQ In Lagos

Ask FG To Reject Proposal Corporate Accountability and Public Participation Africa (CAPPA) led climate activists in Lagos, on Tuesday to protest against the Net Zero carbon emissions plan proposed by oil multinational -- Royal Dutch Shell as solution to the ongoing climate crisis. The protesters stormed the Corporation’s headquarters in Nigeria located along Broad Street,…

Shell Climate Plan: Why 40 Nigerian CSOs Asked Church Of England To Block Strategy

Write Archbishop of Canterbury Say Shell's Net-zero Carbon Emissions Proposal 'Misleading' 40 Civil Society Organisations based in Nigeria and around Africa have asked the Church of England to not endorse a climate and energy plan put forward by the global oil giant, Royal Dutch Shell which aims to achieve net-zero carbon emissions by 2050. Shell,…

Millions In Darkness As National Grid Collapses Amid Eid Celebrations

The nation’s jaded electricity grid suffered a total system collapse on Wednesday, plunging parts of the country into grim darkness, with telling effects on millions of households and businesses amid this year's Eid-il-Fitr celebrations. The New Diplomat reports that before the system collapse was recorded, there had been total blackout in parts of the country…

Oil Prices Hit 7-Week High On Demand Optimism

Air travel is on the rise in the U.S., indicating an uptick in jet fuel demand. Jet fuel demand has averaged 1.2 mb/d over the past four weeks, up 200,000 bpd          from  March levels. In March, 1.2 million passengers passed through U.S. airports per day on average.         …

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Nigeria Inks Massive Oil Deal With Supermajors

  Nigeria’s National Petroleum Corporation this week signed a deal with Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater Bonga field, the NNPC said in a series of tweets. The NNPC noted the deal marks a historic moment as it settles long-running disputes between the Nigerian government and international…

NDPHC Rescues National Power Grid, Delivers 22 Sub-stations, Others

The Niger Delta Power Holding Company (NDPHC), a key intervention agency in the Nigeria's power sector, has contributed over 3,400 megawatts (MW) to the national grid, delivering 22 substations since 2015, a new report has shown. Through its six National Integrated Power Projects (NIPP) thermal power plants and scores of power substations, the company has…

Shell Moving Offshore To Evade Clean Up Responsibility – Groups Alert FG

Civil society groups in Nigeria have urged the Nigerian government to compel Shell to clean up the massive pollution its extractive activities have created in the Niger Delta and cautioned that the company’s plans to divest its operations by moving offshore is only targeted at evading the scrutiny that its onshore activities have attracted. Three…

Sylva: We’ve No Plans To Increase Petrol Pump Price

The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government has no plans to increase the pump price of Premium Motor Spirit (PMS) also known as petrol in June. The Nigeria Governors’ Forum (NGF) had on Thursday at its virtual meeting considered the report of a committee headed by Kaduna State…

Shell: Nigeria Oil Operations Are Incompatible With Net-Zero Plans

By Tsvetana Paraskova Royal Dutch Shell does not see its upstream oil operations in Nigeria as compatible with its strategy to become a net-zero energy business, chief executive Ben van Beurden said at the supermajor’s annual general meeting on Tuesday. “The balance of risks and rewards associated with our onshore portfolio is no longer compatible with…

‘Net Zero’: CAPPA, Activists Take Climate Protest To Shell’s Corporate HQ In Lagos

Ask FG To Reject Proposal Corporate Accountability and Public Participation Africa (CAPPA) led climate activists in Lagos, on Tuesday to protest against the Net Zero carbon emissions plan proposed by oil multinational -- Royal Dutch Shell as solution to the ongoing climate crisis. The protesters stormed the Corporation’s headquarters in Nigeria located along Broad Street,…

Shell Climate Plan: Why 40 Nigerian CSOs Asked Church Of England To Block Strategy

Write Archbishop of Canterbury Say Shell's Net-zero Carbon Emissions Proposal 'Misleading' 40 Civil Society Organisations based in Nigeria and around Africa have asked the Church of England to not endorse a climate and energy plan put forward by the global oil giant, Royal Dutch Shell which aims to achieve net-zero carbon emissions by 2050. Shell,…

Millions In Darkness As National Grid Collapses Amid Eid Celebrations

The nation’s jaded electricity grid suffered a total system collapse on Wednesday, plunging parts of the country into grim darkness, with telling effects on millions of households and businesses amid this year's Eid-il-Fitr celebrations. The New Diplomat reports that before the system collapse was recorded, there had been total blackout in parts of the country…

Oil Prices Hit 7-Week High On Demand Optimism

Air travel is on the rise in the U.S., indicating an uptick in jet fuel demand. Jet fuel demand has averaged 1.2 mb/d over the past four weeks, up 200,000 bpd          from  March levels. In March, 1.2 million passengers passed through U.S. airports per day on average.         …

Unlocking Opportunities in the Gulf of Guinea during UNGA80
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