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Shell Declares $20.1 Billion Profit

Royal Dutch Shell has declared a net profit of $20.1 billion from its operations in 2021. This is coming as the Shell Nigeria Gas (SNG), received accolades from industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for deliberate and active investment in the nation’s critical gas infrastructure to supply gas for powering

PIDG company The Emerging Africa Infrastructure Fund backs 40MW Kesses solar project in Kenya with US$35 million loan

The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG), confirmed its leading position as a provider of debt funding to Africa’s alternative energy generation sector. EAIF has provided a US$35 million loan over a 15-year term to the 40MW Kesses solar generation facility to be built near Eldoret

Pan Ocean appoints new GMD, Unfolds Succession Plan

Pan Ocean Oil Corporation has named a new Group Managing Director, Mr. Steven Fadeyi. According to a statement signed by the Group Chairman, Dr. Festus Fadeyi, the implementation of the succession plan is in line with Pan Ocean’s vision to deliver sustained returns to all stakeholders. Said the Chairman: “I am pleased that in line

India looks to other markets for oil as Nigeria battles with production

India, the biggest buyer of Nigeria’s crude oil is currently scouring other markets for crude as its state-owned refineries look to meet annual output targets. According to an official who spoke to Bloomberg, most of India’s 23 refineries operated at above nameplate capacity in January, and many are buying cargoes on the spot market to