Heirs Energies, Renaissance Africa collaborate to drive Nigeria’s oil and gas devt
Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance's leadership team, led by the Managing Director, Tony Attah.
Fossil fuel’ll remain dominant till 2040 —ExxonMobil
Despite the significant successes in alternative fuels, the use of fossil fuel or hydrocarbons will remain dominant until at least 2040, America’s oil giant, ExxonMobil has predicted.
Union Bank lends N194bn to energy firms
Union Bank Nigeria Plc lent about N193.6 billion to energy firms in two years, 2013 and 2014, amid fears by the Central Bank of Nigeria, CBN that Nigerian banks are in danger of capital erosion due to falling oil price in the international market.
Solar energy to boost cottage industries in villages soon
TWO weeks ago, United Nations Development Programmes, UNDP, and the Bank of Industry, BOI, empowered two local firms in the renewable energy sector with loans totaling over N160 million, to connect Solar photovoltaic (PV) panels to 1, 200 houses in remote villages that have not been reached by national grids.
Nigeria loses N174bn to gas flaring — NNPC
Nigeria has lost up to $868.8 million, about N173.76 billion to gas flaring in 2014, according to data obtained from the Nigerian National Petroleum Corporation, NNPC.
Oversupply threatens global oil market —IEA
Nigeria and other oil producing countries are set for tougher times following the fall in global oil prices, according to the Oil Market Report of the International Energy Agency, IEA.
