NEWS

The federal government seem to be building on Rivers state governor, Nyesom Wike’s claim that the monies he used in building multiple flyovers and other infrastructure in the state came from backlog of 13% Derivation Fund paid by the…

The African Development Bank is boosting the promotion of resilient, green and sustainable growth, with the launch of the African Green Bank Initiative The initiative, which was presented at the just-concluded UN Climate Change…

Chinese President Xi Jinping, has said that China is willing to work closer with Russia in the energy sector. He spoke last Tuesday, a couple of days before the EU embargo on seaborne imports of Russian crude oil and the G7-EU price cap on…

A consortium of global youth groups has announced the inauguration of Youth Energy Transition Commission (YETC). The commission, which was launched at the SDG7 Pavilion at COP27 in Egypt earlier this month, consists of strong youth…

...Osinbajo says it will create jobs, drive investment and reduce emissions Nigeria’s vice president, Yemi Osinbajo, has said that carbon markets can deliver tremendous benefits for Nigeria and for Africa; creating jobs driving green…

...Signs pact for 220,000 tons of green hydrogen Egypt has signed a framework agreement for the development, financing, construction, operation and maintenance of a green hydrogen project. Officials say the signing is a step towards the…

Sweden: Nord Stream Explosions Were Result Of “Gross Sabotage” Traces of explosives were found near the sites of the explosions at the Nord Stream 1 and Nord Stream 2 gas pipelines in the Baltic Sea, confirming “gross sabotage” Sweden…

Next month, Tesla plans to deliver the first of its electric Semi lorries — able to haul a full 40-tonne load about 500 miles on a single charge. These massive batteries-on-wheels may accelerate the transition to electrified transport, but…

The African Development Bank (AfDB) has provided a grant of $2.5million to the Mozambican government to enhance the penetration of renewable energy resources. The grant, which comes from the Sustainable Energy Fund for Africa (SEFA),…

…Nigeria, US, China, Russia, India, Brazil, Indonesia, Mexico account for half of all anthropogenic methane emissions The United Nations has announced the decision to launch a satellite-based system meant to detect and track and control…

Nigeria has been commended for making history with the issuance of its methane guidelines to reduce corrosive emissions from its oil and gas industry. Records show that the country is the first in Africa to do so. The country is…

Nigeria’s Vice President, Prof. Yemi Osinbajo says only strong partnerships and coordination among African countries can guarantee the mobilization of resources required for a just energy transition given the quantum of investments and…

Oil prices lowered yesterday in Europe as the United States counted votes in the midterm elections, which turned closely contested as expected. Reports say the race for the House was too close to call, too, compared to expectations that…

The lingering scarcity of Premium Motor Spirit (PMS), otherwise called petrol, has persisted in the Federal Capital Territory (FCT) and other hinterland states despite... The lingering scarcity of Premium Motor Spirit (PMS), otherwise…

U.S. President Joe Biden has announced plans to shell out $13.5 billion to help reduce energy costs for low- and moderate-income households. “The vice president will highlight how President Biden’s economic plan will help households…

Since the OPEC+ group of nations announced last month that it would reduce oil production by 2 million barrels per day, there has been a rise in anti-Arab sentiment and anger in the US.At nearly every level in the country, Saudi Arabia is…

To counter the effects of the EU powered coalition against it on gas supplies, Russia and Iran have agreed to sign a free trade agreement with the Eurasian Economic Union, Russian Deputy Prime Minister Alexander Novak said yesterday The…

Former foreign affairs minister, Prof Bola Akinyemi, has called on the federal government to institute a judicial enquiry into the massive oil theft in Nigeria. Making the call under the auspices of a group, The Academy of International…

Lawmakers in the House of Representatives have accused major oil companies in Nigeria of tax evasion following preliminary findings by the ad hoc committee investigating the structure and accountability of the joint venture businesses and…

Chevron Posts Its Second-Highest Quarterly Profits U.S. oil major, Chevron has joined the oil and gas industry’s robust earnings crowd for the quarter by easily beating analyst profit estimates. Chevron’s net profit for the quarter…