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Poland, Denmark commission Baltic Pipeline exit from Russian gas
Government representatives from Poland, Denmark and Norway have opened the new Baltic Pipe, a pipeline which will take natural gas from Norway via Denmark to Poland, Deustche Welle reported. Baltic Pipe is meant to be Poland’s gas lifeline after Russia…
Black Monday caused by grid collapse
Nigeria’s national electricity grid collapsed on Monday leaving many parts of the country without power, electricity distribution companies said. The grid has collapsed at least four times this year, which authorities blame on technical problems. Last month workers from the…
JP Morgan predicts $100 oil in months
International advisory consultants, JP Morgan, had warned that the prices of crude oil will rebound toward $100 per barrel as strong demand threatens to overwhelm flow of supply to the export market. The company stated in report by Insider that…
Pope Francis joins crusade against fossil fuels
As oil giants sign deal for new LNG development Catholic pontiff, Pope Francis, weekend threw his weight behind Europe’s demand for energy transition from fossil sources, calling on the world to evolve energy forms that would be friendly to the…
Toyota ends operations in Russia
Declares $2.5B investment in US battery production Amid Russia’s ongoing war with Ukraine, Toyota announced it will permanently end vehicle manufacturing operations at its plant in Saint Petersburg. This represents all Toyota vehicle manufacturing in Russia, though the company will…
Davinci unveils DC100 Classic E-bike
As industry remembers Citroen’s Helicron Chinese electric motorcycle manufacturer, Davinci, has introduced a classic-inspired electric motorcycle that offers performance similar to a 1,000cc machine. According to industry news medium, Ride Apart, the electric bike model come into an electric motorcycle…
OIL AND GAS REDISCOVERED: THE PROSPECTOR, NCDMB
(By Esueme Dan Kikile ESQ) Twelve years of strategic planning and creative deployment of regulatory powers at the Nigerian Content Development and Monitoring Board have literally reinvented Nigeria’s oil and gas industry to a degree that national aspirations, for decades…
MIT Researchers enter salty solution to EV charging technology
Researchers at the Massachusetts Institute of Technology (MIT) have developed fast, cheaper and more sustainable components that would revolutionize the charging time for electric vehicles, solving one of the common fears of users. The researchers stated in a report that…
Nigeria’s woes worsen OPEC+ underproduction to 3.6 mbd
Sopuruchi Onwuka, with agency reports Steady decline in Nigeria’s official crude oil export figures contributes to collective production underperformance by coalition of global oil exporters hosted in the OPEC+. According to agency sources citing logistics data, Nigeria suffered her lowest…
Portugal fears supply default by NLNG
Major consumer of Nigerian gas in Europe, Portugal, is indicating panic over possibility of supply shortfall from the Nigerian Liquefied Natural Gas (NLNG) Limited following rising demand pressure from other parts of the continent where supply sentiments are equally high….
