energy

Seplat Raises Questions Over Cancellation Of Exxonmobil Deal

August 12, 2022 5:32 am

Seplat Energy on Thursday disclosed that it had yet received any formal notice from the Federal Government retracting its intended purchase of the whole share capital of Mobil Producing Nigeria Unlimited.

Additionally, the corporation stated that it was looking for clarity from the appropriate authorities on claims that President, Major General Muhammadu Buhari (ret.d), who also serves as Minister of Petroleum Resources, had revoked his ministerial authorization for the sale.

‘Seplat Energy has become aware of a news report claiming that ministerial approval of the company’s proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited has been

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Nigerian Senate Makes Case For Nuclear Energy

December 12, 2019 11:38 am

Senators agreed with the notion that nuclear energy is one of cleanest and safest source of energy in the world today

Recall that the Nigeria and Russian Federation have signed bilateral agreements on nuclear energy cooperation

As the federal government of Nigeria presses on with its plan to diversify the nation’s energy mix – with inclusion of nuclear energy technology from Russia, the Nigerian Senate has also called for the inclusion of nuclear power into the country’s energy mix.

This was part of the resolution reached by the upper chamber recently following a motion by Senator Tanko Al-Makura representing Nassarawa …

Importing Fuel Now Makes No Economic Sense – OVH Energy

November 25, 2019 9:22 am

OVH Energy Marketing Limited, Oando Licensee, has said importing fuel under the current arrangement does not make economic sense for any investor.

Its Managing Director, Mr. Hubb Stockman, stated this at an interaction with energy editors on the milestones recorded by the company. He said even if forex was procured at the official exchange rate of N306 from the Central Bank of Nigeria (CBN), such investor would end up selling at a loss in the market.

He said the development has left the Nigerian National Petroleum Corporation (NNPC) as the sole importer of petrol into the country, adding that …

OVH Energy Partners Oando Foundation to Upgrade School

October 17, 2019 6:22 am

OVH Energy, Nigeria’s leading downstream marketing Company and licensee of the Oando retail brand, has partnered with the Oando Foundation in the global push for quality education.

These organizations recently embarked on the upgrade of a Model Primary School in Onne, Port-Harcourt, Rivers State, which is a beneficiary school under the Oando Adopt-A-School Program and is within OVH Energy’s host community.

The strategic partnership comes on the heels of OVH Energy’s efforts to foster the United Nation’s Sustainable Development Goal Four (4) on Basic Education, aimed at holistic improvement of public primary schools to improve access to qualitative education and …

EU to spend €10m for solar energy in Adamawa hospital

July 26, 2019 12:00 pm

European Union (EU) will spend 10 million Euros (Over N4 billion) in providing solar energy
to some health facilities in Adamawa, the EU Head of Cooperation, Mr Kurt Cornelis, said.

The EU official made this known during the launch of the project in Yola on Friday.

He said “we are here today because of the partnership between Adamawa State Government, DFID and the EU to
launch a project that will help to provide access to sustainable energy to power hospitals that are off the grid in the state.

“The project — Solar Nigeria — is not new; it has proven …

Shell: Nigeria needs $200b to bridge energy gap

April 25, 2019 7:25 pm

Shell Nigeria Exploration & Production Co (SNEPCo) Managing Director (MD) Bayo Ojulari has said between $40 billion and $200 billion Nigeria needs to bridge its energy gap.

He said a nation without a secured energy system could not claim to have power.

Sahara Energy commits $600m to boost peace in South Sudan

April 14, 2019 11:35 pm

Following the inspiring feet-kissing and blessing of the leaders of the South Sudan by Pope Francis, Sahara Energy Resources DMCC, Dubai, has announced the extension of a $600 million facility to help boost resurgent hope for peace in the world’s youngest democracy.

Pope Francis recently kissed the feet of President Salva Kiir Mayardit and Vice Presidents-designate, Riek Machar and Rebecca Nyandeng de Mabior, during a “spiritual retreat” at the Vatican, urging them to “remain in peace”.

Steeped in a consciousness that spurs reciprocal forgiveness, the Pope’s widely commended gesture and ongoing support from various governments and corporate entities like Sahara …