Environment

World Bank to stop financing upstream oil, gas from 2019

The World Bank Group Tuesday said it will stop financing upstream oil and gas after 2019, as part of a wider commitment to global efforts to halt climate change.

"As a global multilateral development institution, the World Bank Group is continuing to transform its own operations in recognition of a rapidly changing world," the bank said Tuesday in a statement.

"The World Bank Group will no longer finance upstream oil and gas, after 2019," it said.

Forte Oil commissions Green Energy solutions

 
 
Leading indigenous energy firm, Forte Oil Plc, has commissioned an alternative solar energy solution tagged ‘Green Energy’ solution for medium income earners. 
 
Speaking during the launch, the Group Chief Executive Officer  (GCEO), Forte Oil Group, Mr. Akin Akinfemiwa, stated that “we are the foremost integrated energy provider with footprints in upstream, downstream and power generation. Today, as we are launching our solar system, we always look for formidable partners to bring our vision to live."
 

NNPC Retail to promote consumption of LPG

The retail arm of the Nigerian National Petroleum Corporation (NNPC), NNPC Retail Limited, has declared it determination to promote the consumption of Liquefied Petroleum Gas, otherwise called cooking gas.

The Managing Director of the subsidiary, Mr. Yemi Adetuji, disclosed this in Abuja today at a press briefing to herald the commissioning of the new ultra-modern mega filling station near Sagamu, along the Lagos-Ibadan Expressway in Ogun State.

NNPC to select Core Investor for Benue Bio-Fuel Project

The Nigerian National Petroleum Corporation (NNPC) is set to conclude on the choice of a core investor for the proposed Bio-fuel plant in Agasha Guma area of Benue State.
 
Speaking at the end of a follow-up meeting with a Benue State delegation led by Deputy Governor, Engr. Benson Abounu, the Group Managing Director of the Corporation, Dr. Maikanti Baru, said that arrangements have been finalized to name the prospective investor in the weeks ahead after a painstaking due diligence exercise.
 

NNPC completes 539km gas pipeline projects

THE Nigerian National Petroleum Corporation (NNPC), on Tuesday, said it had completed, commissioned and delivered 500 kilometres  of gas pipelines from 2010 to date, as part of an aggressive expansion of gas pipeline infrastructure across the country. 
 
According to a statement in Abuja, Group Managing Director of the NNPC, Mr. Maikanti Baru, stated this in Abuja at the 2017 Conference and Annual General Meeting of the Nigerian Society of Engineers, NSE. 
 

NPA takes new measures to ease Apapa gridlock

The Nigerian Ports Authority (NPA) after consultations with major stakeholders, hereby issues the following directives critical to the effective management of the traffic situation around the Apapa Area of Lagos.
 
According to the statement credited to Abdullahi Goje, General Manager, Corporate and Strategic Communications of the NPA, with effect from November 23, 2017, all shipping companies MUST house their empty trucks at their holding bays outside of the port location pending the time for vessel loading.
 

IEA’S WORLD ENERGY OUTLOOK 2017

The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the World Energy Outlook 2017. A cleaner and more diversified energy mix in China is another major driver of this transformation.
 

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