(Bloomberg) — Nigeria’s Senate will investigate Shell Plc’s historic license renewals in the West African state to determine whether they were extended unlawfully and cost the government up to $200 million. Senate President Ahmad Lawan […]
Britain plans to boost investments in renewable and climate change projects in Nigeria and will provide 10 million pounds ($13.6 million) of support, Minister for Africa Vicky Ford said on her first trip to the […]
OilPrice.Com As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish the week 7 percent down. Friday, August 20th, 2021 […]
Nigerian President Muhammadu Buhari expressed concern about new threats by the militant group the Niger Delta Avengers to bomb critical oil and gas infrastructure in the West African nation. Buhari’s statement, made through a spokesman, […]
Transcorp Energy Ltd, a unit of Transnational Corp. of Nigeria Plc plans to develop nuclear power plants in the West African nation as an alternative energy source to improve access to electricity. The plants will […]
YENAGOA: A militant group in Nigeria‘s oil-producing Delta region has threatened to resume attacks amid rising insecurity and disagreements over the share of oil wealth communities should get. The group, called the Niger Delta Avengers, roughly halved Nigeria’s oil production in […]
The International Energy Agency, which has stepped up its efforts to become a major green energy supporter, appears to have forgotten the reason it was set up as an agency in the first place. In its […]
Nigerian President Muhammadu Buhari reversed a government decision to revoke four oil permits from a unit of China’s Sinopec. Buhari “approved the restoration” of the licenses to Addax Petroleum Corp. as part of his commitment […]
Africa’s largest crude producer will tap the services of the military to protect its oil and gas infrastructure in a bid to curb daily losses from theft and vandalism. Nigeria is losing about 200,000 barrels […]
Energy News Beat Publishers Note: Compliance and accountability will be key for the stability of world oil prices. As stated below “Compliance is measured in average barrels per day from the beginning of May to […]
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