Energy Transition

By Bassey Udo The Petroleum Industry Act (PIA) enacted by President Muhammadu Buhari last August after almost two decades of waiting holds the key to new investments to realise the global energy transition agenda, Minister of State for Petroleum Resources, Timipre Sylva, has said. Sylva was speaking on Wednesday at…

By Bassey Udo

By Bassey Udo Nigeria and the United States on Tuesday reached a bilateral agreement on the implementation of a joint initiative to tackle challenges associated with climate change and global carbon emissions. The agreement was reached in Abuja during a closed-door meeting between the U.S. Special Envoy on Climate Change,…

MEDIATRACNET The Board of Egbin Power Plc has announced the appointment of Mokhtar Bounour as the new Chief Executive Officer for the privately run thermal plant. The Board in a statement on Tuesday said Bounour’s appointment would accelerate Egbin’s ongoing transformation and propel the company’s energy mix transition towards enhanced…

MEDIATRACNET Nigeria has proposed a debt-for-climate swap deal to help African countries participate more the quest to realise global net-zero emissions targets, facilitate energy access and ensure the development of the Continent. Nigeria’s Vice President, Yemi Osinbajo, made the proposal during a lecture he delivered on a just and equitable…

MEDIATRACNET The Federal Government, on Tuesday moved to fix the critical missing link in its effort to develop the country’s gas sector with the inauguration of the Governing Council of the Midstream & Downstream Gas Infrastructure Fund (MDGIF). While inaugurating the nine-member Council, Minister of State for Petroleum Resources, Timipre…

MEDIATRACNET The quest for global energy transition will be impossible without access to clean energy for all citizens irrespective of location, Neconde Energy Limited has said. The Managing Director of the company, Monday Okoro, spoke Wednesday as the surest bet for successful global energy transition and the fight against climate…

By Bassey Udo The global quest for energy transition away from fossil fuels must be such that would promote equity and justice for Africa, one of Nigeria’s indigenous energy company, Seplat Energy Plc, has said. In a keynote presentation at the 45th Society of Petroleum Engineers (SPE) Nigeria Annual International…

By Bassey Udo African oil and gas producers must harness their potentials to rescue the continent’s over 1.5 bilion population from abject energy poverty, President Muhammadu Buhari said on Wednesday. Buhari spoke at the second meeting of the Chief Executive Officers of the African Petroleum Producers Organisation (APPO) Member Countries’…

By Bassey Udo The Nigerian National Petroleum Company (NNPC) Limited must leverage its mandate under the Petroleum Industry Act (PIA) 2021 to guarantee Nigeria’s energy security, President Muhammadu Buhari has said. The President who gave the charge on Tuesday in Abuja while performing the official unveiling of the new NNPC,…