Gas flaring penalties hit N260 billion in 15 months
Payable penalties by oil companies for flaring gas in Nigeria have risen above two hundred billion Naira since January last year, according to data from the Nigeria Gas Flare Tracker (GFT),…
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Global wind energy market to hit 100GW for first time in 2023
After a challenging performance last year, the global wind market is ready to bounce back in 2023, exceeding 100 gigawatts (GW) for the first time, a new report by the Global Wind Energy…
Energy security outweighed climate change concerns in 2022
Despite an increasing threat of global warming, energy security concerns took precedence over climate change mitigation goals in 2022, a new study has found, with policymakers focusing on…
Nigeria, Norway sign $6m solar energy deal
Nigeria and Norway have further cemented existing energy partnership as Justrite and Empower New Energy sign a $6 million solar energy deployment agreement Monday.
The agreement, which…
ExxonMobil declares force majeure on Nigerian oil lifting
Following industrial action, ExxonMobil Corp. units in Nigeria have declared force majeure on oil loadings from multiple terminals in the country, according to a spokesman for one of the…