Category: Energy

Oil shipping via Hormuz increases amid renewed regional tensions

Shipping activity through the strategic Strait of Hormuz has increased in recent days despite ongoing...

Nigeria loses 62,400GWh to gas flaring despite FG penalties

Nigeria lost an estimated 62,400 gigawatt-hours of potential electricity generation to flared gas between 2024...

Oil prices top $100 as Red Sea attacks threaten global supply

Global oil prices surged above $100 per barrel on Thursday for the first time in...

REA signs MoUs with seven firms to bridge energy gap

Rural Electrification Agency on Thursday signed strategic Memoranda of Understanding with seven organisations across various...

Oil prices climb as US strikes Iran, tightens Hormuz blockade

Oil prices edged higher in volatile trading on Wednesday after the United States launched another...

Over 8 million barrels of oil crossed Hormuz on Sunday – US

More than 8 million barrels of oil passed through the Strait of Hormuz on Sunday...

Nigeria’s electricity transmission losses hit ₦2.61bn in Q1

Nigeria’s electricity transmission losses cost the power sector an estimated ₦2.61bn in the first quarter...

Global energy shift would require over $1trn, UNCTAD warns

The United Nations Conference on Trade and Development has said the global transition to renewable...

Africa’s solar battery storage capacity to grow over 20% annually — Report

Solar battery storage in Africa is poised for rapid expansion, with capacity projected to grow...

CPPE demands urgent govt action on soaring energy costs

As Nigerians grapple with soaring energy costs, the Centre for Promotion of Private Enterprises, on...

IEA urges work from home as global energy crisis deepens

The International Energy Agency has called on people to work from home as the escalating...

Iran strikes Qatar’s gas hub, Trump threatens massive retaliation

Qatar reported “extensive” damage on Thursday to the site of the world’s largest liquefied natural...