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LATEST ARTICLES
Nigeria: Geregu Plc Names Sean Manley Interim CEO
Nigeria-based Geregu Power Plc has appointed Mr. Sean Manley as its Interim Chief Executive Officer, effective 2 February 2026, Punchng.com has reported, citing a notice filed with the Nigerian Exchange Limited on Thursday.
The appointment is subject to the approval of the Nigerian Electricity Regulatory Commission as well as the company’s shareholders at the next general meeting.
Manley brings more than 30 years of experience in the power sector, with a strong track record in sales, business development, project implementation, supply-chain management, and original equipment manufacturer–led delivery.
He also has extensive experience in thermal power generation, including plant construction, commissioning, major overhauls and long-term operational support.
“The Board of Geregu Power Plc hereby notifies the Nigerian Exchange Limited and the investing public of the appointment of Mr. Sean Manley as the Interim Chief Executive Officer, effective 2 February 2026, subject to the approval of the Nigerian Electricity Regulatory Commission and the shareholders of the Company at the next general meeting,” the statement partly reads.
During his career at Siemens, Manley gained deep technical and operational expertise, managing complex energy projects across multiple jurisdictions. He is recognised for delivering projects in challenging operating environments, as well as his strength in stakeholder management, business development, logistics and procurement analysis.
The Geregu Power Board welcomed Manley, saying his appointment is expected to bring significant value to the company through his extensive international experience and leadership in the energy sector.
The appointment forms part of the company’s ongoing efforts to strengthen leadership and enhance operational oversight in Nigeria’s power generation sector.
Zambia, Norway Seal Landmark Carbon Deal To Unlock Green Energy Investment
Zambia and Norway have signed a Mitigation Outcome Purchase Agreement (MOPA) under the Carbon Feed-in Premium (CFIP) programme, marking a major step toward unlocking private sector investment in renewable energy and strengthening the country’s energy security while supporting global climate action.
The agreement was signed on Wednesday, 2 January 2026, at the InterContinental Hotel in Lusaka under the two countries’ bilateral Article 6 cooperation framework, which was concluded during COP29 in Baku, Azerbaijan, in November 2024.
The partnership is expected to enable the addition of up to 300 megawatts of green electricity to Zambia’s national grid and reduce up to 3.5 million tonnes of carbon dioxide equivalent emissions over a ten-year period.
Speaking at the ceremony, Minister of Green Economy and Environment Mike Mposha said the agreement comes at a critical time as Zambia seeks to diversify its energy mix away from over-reliance on hydropower in the face of climate change.
He said the CFIP programme will incentivise Independent Power Producers to invest in clean energy by providing a carbon-based top-up payment linked to verified emission reductions, known as Internationally Transferred Mitigation Outcomes (ITMOs).
Mposha noted that the programme will improve project viability, enhance energy security and reduce emissions while contributing to Zambia’s sustainable development goals. He added that the selection of eligible project developers will begin on 1 April 2026 through a transparent process.
Permanent Secretary for Electricity at the Ministry of Energy, Arnold Simwaba—through remarks delivered by Director of Planning and Information Sineva Kambeja—said energy-based carbon trading strengthens project bankability, accelerates renewable energy deployment and enhances grid reliability.
Simwaba said the CFIP programme aligns with the Ministry of Energy’s mandate to ensure reliable, affordable and sustainable electricity supply, positioning Zambia at the forefront of Article 6 cooperation in Africa. He described the initiative as a strategic investment in the country’s energy infrastructure and green growth agenda.
Norwegian Minister of Climate and Environment Andreas Bjelland Eriksen said Norway was pleased to deepen cooperation with Zambia to support measurable emission reductions and increased clean energy investment.
“Partnerships like this can help accelerate the green transition while maintaining high standards of transparency and integrity,” he said.
Fenella Aouane, Managing Director and Head of Carbon Finance at GGGI, said the agreement will support renewable energy projects in Zambia, including storage capacity additions to improve reliability, under the national Carbon Feed-in Premium Programme. “This is our second historic moment,” she added.
The cooperation is supported by the Norwegian Global Emission Reduction (NOGER) Initiative through the Norwegian Article 6 Climate Action (NACA) Fund, hosted under the Global Green Growth Institute’s Carbon Transition Facility.
Under the agreement, GGGI will act on behalf of Norway, while Zambia National Commercial Bank will aggregate and sell carbon credits on behalf of participating project developers.
Zambia Inks 1,000MW Solar Power Deal With Chinese Firms
Zambia has signed a landmark Memorandum of Understanding (MoU) with two Chinese firms—China Pingmei Shenma Holding Group Company Limited and LONGi Green Energy Technology Company Limited—to collaborate on the development and implementation of large-scale renewable energy projects in the country, with a strong focus on solar power.
The signing ceremony, witnessed by President Hakainde Hichilema, was held at State House.
Minister of Energy Makozo Chikote signed on behalf of the Zambian government, while LONGi Middle East and North Africa (MENA) Region President James Jin and Golden Sun Chairman Shi Tao signed for their respective companies.
The MoU establishes a framework for cooperation on renewable energy projects nationwide and paves the way for investments of up to 1,000 megawatts of solar power.
This marks a major milestone in Zambia’s energy sector and its efforts to diversify the national energy mix.
The agreement is a direct outcome of President Hichilema’s State visit to China in 2025, during which he met with several investors and invited them to invest in Zambia’s energy sector.
The initiative forms part of the government’s broader strategy to enhance energy security, promote sustainable development, and attract foreign direct investment into critical sectors of the economy.
Speaking during a meeting with a delegation led by LONGi Founder Li Zhenguo at State House, President Hichilema described the agreement as a positive development for Zambia and a reflection of the growing, mutually beneficial relationship between Zambia and China.
He emphasized that the planned renewable energy investments underscore the continued partnership and shared commitment of both countries to advancing sustainable development.
President Hichilema also expressed appreciation to Chinese President Xi Jinping for his visionary leadership and efforts in fostering international cooperation that supports long-term development opportunities.
LONGi Founder Li Zhenguo said he was impressed by Zambia’s social stability, public safety, and the overall well-being of its citizens, describing these factors as making the country an attractive destination for long-term investment.
Meanwhile, Minister Chikote said the MoU represents a significant boost to Zambia’s renewable energy ambitions.
He noted that the agreement will play a pivotal role in expanding electricity generation capacity through clean and sustainable sources, while supporting economic growth, job creation, and climate resilience.
The minister reaffirmed the government’s commitment to providing an enabling environment for investors and accelerating the implementation of renewable energy projects.
The 1,000MW solar energy initiative is expected to significantly enhance Zambia’s energy mix, improve electricity access across the country, and contribute to reducing carbon emissions, in line with the nation’s green growth and climate action objectives.
Ghana: Fire Service Averts Potential Fuel Tanker Explosion At Nsawam Okanta
Personnel of the Ghana National Fire Service (GNFS) on Tuesday swiftly averted a potential fuel tanker explosion after a DAF XF diesel tanker with registration number GC-1084-11 overturned at Nsawam Okanta on the Accra-Kumasi Highway.
Firefighters from the Suhum Municipal Fire Station responded to the distress call and promptly applied foam and water to cool the tanker, control the diesel spillage, and secure the area.
Their timely intervention prevented casualties and protected lives and property.
In a post on Facebook, GNFS acknowledged the role played by police officers at the scene in securing the area and preventing fuel siphoning, while the recovery team worked to safely upright and tow the tanker to a secure location, ensuring full restoration of safety.
The GNFS cautioned the public against fuel siphoning, as it constitutes theft and poses extreme risks of fire, explosion, and loss of life.
The GNFS further urged residents and motorists to stay away from accident scenes and allow emergency services to manage such situations professionally.
The GNFS cautioned the public against fuel siphoning, as it constitutes theft and poses extreme risks of fire, explosion, and loss of life.
The GNFS further urged residents and motorists to stay away from accident scenes and allow emergency services to manage such situations professionally.
Germany Pledges Crackdown On Far-Left Militants After Berlin Power Grid Attack
Germany has announced plans to step up efforts against left-wing militancy after activists claimed responsibility for an attack on a power station in January that caused Berlin’s longest electricity blackout since World War II, Reuters reported, citing Interior Minister Alexander Dobrindt.
“Our security agencies will be significantly reinforced in the fight against left-wing extremism,” Dobrindt said on Tuesday, according to Reuters.
The Interior Minister said a reward of €1 million has been offered for information leading to the arrest of those responsible for the January attack, which authorities suspect was carried out by a far-left activist group known as the Volcano Group.
The incident left about 45,000 households without electricity during freezing temperatures.
Germany’s domestic intelligence agency will deploy additional staff to monitor and combat left-wing militancy, Dobrindt said, adding that new legislation is being prepared to expand the digital investigative powers of security authorities.
The proposed measures would include automated data analysis, biometric facial recognition, and the retention of IP addresses.
In its latest report, the domestic intelligence agency said left-wing–motivated crime rose by 38% in 2024, although the number of violent crimes linked to left-wing extremism fell by 27%.
Dobrindt stressed that the renewed focus, alongside a planned law to protect critical infrastructure, would not reduce efforts to combat other forms of extremism.
“We have had significant success against right-wing extremism and Islamist terrorism,” he said.
“However, the focus has not been sufficiently on left-wing extremism, and we are now seeing left-wing terrorism making a strong comeback.”
Ghana: Vice President Prof. Jane Naana Opoku-Agyemang Visits Ministry Of Energy And Green Transition
Ghana’s Vice President, Prof. Jane Naana Opoku-Agyemang, on Tuesday paid a working visit to the Ministry of Energy and Green Transition as part of ongoing engagements to strengthen coordination between the Presidency and key government ministries.
The visit provided the Vice President with an opportunity to interact with heads of departments, agencies, and staff of the Ministry, encouraging them to enhance productivity and ensure efficiency in the delivery of their mandate.
She was received by the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, together with his Deputy, Hon. Richard Gyan-Mensah, the Chief Director of the Ministry, and other senior officials.
During the visit, Dr. Jinapor briefed the Vice President on the state of the energy sector inherited by the current administration.
He noted that the sector was characterised by persistent load shedding in 2024, inadequate fuel supply for power generation, low investor confidence in the upstream petroleum sector, dwindling fuel reserves, and challenges associated with the cash waterfall mechanism.
The Minister also highlighted progress made under the current administration, including the disbursement of more than GHS 15 billion through the cash waterfall mechanism, increased gas supply, substantial payment of legacy debts, ongoing reforms at the Electricity Company of Ghana (ECG), improved investor confidence, and the restoration of a US$500 million Partial Risk Guarantee that had been depleted under the previous administration.
According to Dr. Jinapor, these achievements reflect the government’s commitment to comprehensive sector reforms, infrastructure expansion, and the delivery of reliable and affordable power to support Ghana’s development.
The Vice President commended Dr. John Abdulai Jinapor and the heads of agencies under the Ministry for their hard work, noting that their efforts were yielding positive results in stabilising and strengthening the energy sector.
Nigeria’s Power Grid Partially Collapses After System Disturbance — NISO
The Nigerian Independent System Operator (NISO) has confirmed that the national grid experienced a partial system disturbance, not a total grid collapse as earlier reported by some local media outlets.
According to NISO, the grid experienced disturbances at approximately 10:48 a.m. on January 27, 2026, which rapidly propagated across the network, affecting the Jebba, Kainji, and Ayede Transmission Substations.
In a statement, NISO noted that the disturbance led to the tripping of some transmission lines and generating units, resulting in what it described as a partial system collapse.
“The Nigerian Independent System Operator wishes to state that at approximately 10:48 hours on January 27, 2026, the national grid experienced a voltage disturbance originating from the Gombe Transmission Substation,” the statement said.
“The voltage disturbance rapidly propagated across the network, affecting Jebba, Kainji, and subsequently Ayede Transmission Substations. The event was accompanied by the tripping of some transmission lines and generating units, resulting in a partial system collapse.”
NISO said appropriate corrective actions were immediately implemented to stabilise the system and restore normal operations. Restoration efforts commenced at about 11:11 a.m. and have since been completed.
“The incident affected only part of the grid and therefore did not amount to a total system collapse, as reported by some media organisations. The national grid has been fully restored, and electricity supply across the affected areas has returned to normal,” the statement added.
The incident comes amid ongoing discussions within Nigeria’s power sector on grid stability, investment in transmission infrastructure, and the need for rapid response mechanisms to minimise service disruptions in a country where millions of households and businesses depend on a reliable electricity supply.
This marks the second grid disturbance in January 2026 and the third in less than one month. The national grid previously collapsed on December 29, 2025, and more recently on Friday, January 23, 2026.
Ghana: Energy Minister Unveils First CNG Facility In Kpone Industrial Area
Tetracore Gas Ghana Limited, a subsidiary of Nigeria-based Tetracore Energy Group Limited, has officially commissioned a US$15 million Compressed Natural Gas (CNG) facility in the Kpone Industrial Area of Ghana.
The facility was unveiled by Ghana’s Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, who represented the President of the Republic, H.E. John Dramani Mahama.
With a capacity of 5.1 million standard cubic feet per day (mscfd), the facility is the first of its kind in Ghana, marking a significant milestone in the country’s energy landscape.
The project serves as both a critical energy solution and a model of sustainable development, engineered for scalability and built on a foundation of safety, local empowerment, and regional collaboration.
Addressing the gathering, Dr. John Abdulai Jinapor said the facility represents more than a technical achievement, adding that it is a decisive step toward a cleaner, more resilient, and more sustainable energy future.
According to him, Ghana has pursued the diversification of its energy mix by reducing dependence on expensive liquid fuels and seeking to harness the full potential of its indigenous natural resources.
He explained that this is why Ghana established its first gas processing plant and is currently in the process of establishing a second plant to further utilize its gas resources for power generation.
Dr. Jinapor said Tetracore’s CNG facility stands as a testament to the government’s ambition, emphasizing that it reflects the country’s collective determination to embrace modern technologies, create quality jobs, and power the economy with energy that is both affordable and environmentally responsible.
Dr. Jinapor commended the Chief Executive Officer of Tetracore and his team for their hard work in bringing the project to fruition.
The President and Chief Executive Officer of Tetracore Energy Group, Olakunle Williams, noted that the facility marks a major milestone for Tetracore Gas Ghana Limited, describing it as part of a broader growth journey for the Tetracore Energy Group.
According to him, plans are already underway to establish both piped and virtual gas distribution facilities across key energy demand hubs in the country.
“We intend to deploy over US$80 million within the next 18 months to achieve this rapid scale and expand our energy footprint across key markets in Ghana,” Mr. Williams revealed.
Beyond investment in CNG, Mr. Williams also announced that the company plans to launch a 1,200-metric-tonnes-per-day urea and ammonia plant, as well as a 5,000-barrels-per-day synthetic gas-to-liquids plant, with combined investments of over US$800 million, to foster energy and food security within the region.
“These are ambitious projects, and once again, Tetracore Energy Group is at the forefront of taking on what many would consider daring—because we believe Africa’s gas resources must be transformed into long-term industrial and economic value for Africans,” he stated.
He added that the company’s investment goes far beyond infrastructure development, emphasizing that “we are also committed to nurturing local talent and expertise. We have trained a strong and highly competent workforce, including eight Ghanaian operators—both male and female—on the fundamentals of operating CNG processing, dispensing, and receiving facilities.”
The Acting Executive Secretary of the Energy Commission, Madam Eunice A. Biritwum; the Chief Executive Officer of the Ghana National Gas Company, Madam Judith Adjobah Blay; Nigeria’s High Commissioner to Ghana, H.E. Moses Ifedayo Adeoye; the Chief Executive Officer of VALCO, Dr. Robert Makila Sambian; and the Executive Secretary of the Chamber of Petroleum Consumers, Mr. Duncan Amoah, delivered goodwill messages.US Energy Sector Reels After Winter Storm Knocks Out 2 Million Bpd Of Crude Output
U.S. oil producers lost up to 2 million barrels per day or roughly 15% of national production over the weekend, analysts and traders estimated, as a winter storm swept across the country, straining energy infrastructure and power grids.
Oil production outages peaked on Saturday, consultancy Energy Aspects estimated, with the Permian Basin likely to have experienced the largest share of that decline at around 1.5 million barrels per day.
Production losses eased on Monday, with Permian shut-ins estimated at about 700,000 bpd and production set to be fully restored by January 30.
U.S. oil and gas producer ConocoPhillips’ (COP.N) Permian crude production was down by 175,000 bpd as of Sunday owing to frigid weather, according to a source familiar with the matter, who was not authorized to speak on the record.
ConocoPhillips typically does not comment on day-to-day operations, a company spokesperson said.
Output in North Dakota, the third-largest oil-producing state, was estimated to be down around 80,000 to 110,000 bpd as of Monday morning, said Justin Kringstad, Director of North Dakota Pipeline Authority.
Associated wellhead natural gas production was estimated to be down by 0.24 to 0.33 billion cubic feet per day.
U.S. crude futures were trading at around $60.60 a barrel at 2:00 p.m. EDT, roughly 50 cents down on the day.
Chevron (CVX.N), reported hatches were frozen open during the storm on Sunday in Midland, Texas, according to a regulatory filing, while several refineries along the U.S. Gulf Coast reported issues related to the freezing weather. Exxon Mobil (XOM.N), shut units at its Baytown, Texas, petrochemical complex on the east side of Houston.
There were around two dozen reports of upsets at natural gas processing plants and compressor stations in Texas, according to regulatory filings over the weekend, but that paled in comparison to the more than 200 reported upsets during the first five days of a severe winter storm in 2021, TACenergy analysts said in a note on Monday.
Average gas output in the Lower 48 states dropped to 106.9 bcfd so far in January, down from a monthly record high of 109.7 bcfd in December, according to LSEG, as producers shut in production.
Some 810,000 customers across the U.S. remained without power on Monday following the Arctic blast over the weekend that brought heavy snow, sleet and freezing rain from the Ohio Valley and mid-South to New England.
Cold temperatures are expected to persist for parts of the country in coming days.
The weekend snow and ice storm knocked out power to more than a million homes and businesses along the U.S. Gulf Coast and Southeast, including in Texas.
The largest U.S. power grid, PJM, anticipated generation outages for Monday would rise to 22.4 GW, or about 16% of total committed capacity. Most of those outages are expected in Dominion Energy’s Mid-Atlantic territory, according to PJM data.
Demand on PJM was 124 GW on Monday morning, above the forecast of 123.3 GW, but PJM continues to meet demand, PJM operations data show.
Spot wholesale electricity prices were around $200 per MWh, recovering from temporary spikes over the weekend that topped $3,000 per MWh.
Next-day prices in New England soared about 82% to $313 per megawatt hour, while PJM West prices in Pennsylvania and Maryland soared about 360% to around $413, their highest since January 2014.
Lukoil Asks Moscow For Aid As Oil Sells At Steep Discounts
Lukoil has approached the Russian government seeking changes to the oil tax formula as discounts on Russian crude exceed $20 per barrel, a level that would force producers to make net payments into the budget rather than receive compensation, according to The Moscow Times, citing Izvestia.
The request comes as Russia’s largest private oil producers face falling realized prices from exports sold well below global benchmarks.
Urals crude has been trading at deep discounts as higher freight costs, restricted access to Western insurance, and tighter oversight of tanker movements reduce net revenues on shipments to Asia.
The appeal for assistance comes as Moscow weighs how to stabilize output and tax revenues while avoiding further damage to state finances.
Russia remains one of the world’s largest oil exporters, but much of its crude is now sold at prices far below international benchmarks, reducing revenues for both producers and the state.
Lukoil, unlike state-controlled Rosneft, has limited direct access to government backing, making sustained price discounts a more acute problem.
The company has already faced pressure from asset sales, constrained access to financing, and rising operating costs tied to rerouted exports to Asia.
The developments follow recent reports of declining Russian oil and gas revenues in January and renewed European efforts to tighten enforcement on shipping and trade mechanisms that have helped keep Russian barrels moving.
The government has already held discussions with major producers on tax and duty treatment as export revenues decline.
In recent weeks, Russia’s finance ministry has been reviewing oil tax and duty collections after January revenues came in well below expectations, prompting talks with major producers about short-term relief tied to output and exports.
At the same time, crude shipments have faced interruptions from refinery maintenance and logistics constraints, tightening cash flow for some producers.
Nigeria: NNPC Ltd Confirms Significant Oil Discovery In Awodi-07 Well Offshore The Niger Delta
The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed the discovery of significant volumes of oil across multiple reservoir zones in the Awodi-07 well, located in the shallow offshore western Niger Delta.
The well was recently drilled by Chevron Nigeria Limited (CNL), operator of the NNPC Ltd/CNL Joint Venture.
The Awodi-07 well was drilled as part of the Joint Venture’s ongoing efforts to further delineate and unlock hydrocarbon potential within its asset portfolio.
Drilling operations commenced in late November 2025 and were concluded in mid-December 2025, with all activities executed safely and efficiently, and in strict compliance with approved operational and regulatory standards.
In a statement issued by the Chief Corporate Communications Officer of NNPC Ltd, Mr Andy Odeh, the company said results from the well are highly encouraging, confirming a significant presence of hydrocarbons across multiple reservoir zones.
The outcome represents a notable milestone for the NNPC Ltd/CNL Joint Venture, strengthening confidence in the underlying asset and reinforcing the prospectivity of the area.
The success of Awodi-07 further highlights the effectiveness of disciplined exploration, sound technical evaluation, and strong operational collaboration between NNPC Ltd and its Joint Venture partner.
Commenting on the achievement, the Group Chief Executive Officer of NNPC Ltd, Engr Bashir Bayo Ojulari, commended Chevron Nigeria Limited for its operational excellence, technical competence, and consistent delivery of value.
He said: “The success of the Awodi-07 well further reinforces the strength of the NNPC Ltd/CNL Joint Venture and our shared commitment to responsibly growing Nigeria’s hydrocarbon reserves. This achievement aligns squarely with our strategic priorities of increasing production, enhancing national energy security, and delivering sustainable value for the Nigerian people.”
The Executive Vice President, Upstream, NNPC Ltd, Mr Udy Ntia, described the Awodi-07 results as a clear demonstration of the value of sustained collaboration, technical rigour, and a stable, enabling operating environment.
According to him, “This discovery underscores the importance of disciplined exploration programmes, strong partnerships, and the positive impact of the reforms introduced under the Petroleum Industry Act. We look forward to working closely with Chevron Nigeria Limited to mature this opportunity and progress it towards timely development and monetisation.”
NNPC Limited and Chevron Nigeria Limited operate under a joint venture agreement across several oil and gas assets in Nigeria’s Niger Delta, with Chevron holding a 40 per cent interest and NNPC Limited the remaining stake.
Tanzania: TANESCO Takes Clean Cooking Campaign To Malaika Primary School In Kigamboni
The Tanzania Electric Supply Company (TANESCO) has taken its ongoing nationwide clean cooking awareness campaign on the use of electricity for cooking to parents and teachers at Malaika Primary School in Kigamboni.
The awareness programme was conducted on January 13, 2026, during the school’s Back to School open day, which brought together parents, teachers, and members of the school community.
The initiative aimed to increase public understanding of clean, safe, and environmentally friendly cooking methods, while encouraging a gradual shift away from unsafe energy sources.
Speaking at the event, TANESCO Kigamboni Regional Public Relations and Customer Services Officer, Ms Tumaini Mahwaya, said the outreach was designed to ensure that parents and teachers gain clear and practical knowledge about the benefits of cooking with electricity.
She noted that electric cooking is safe, cost-effective, and helps protect both human health and the environment.
“TANESCO is committed to ensuring that parents and teachers understand that cooking with electricity is safe, affordable, and environmentally friendly. When we change our mindset today, we are investing in better health and a sustainable future,” she said.
Ms Mahwaya added that although access to electricity has improved significantly, many households still rely on charcoal and firewood, which pose serious health risks and contribute to environmental degradation. She stressed that continued education at the community level is essential to accelerate the adoption of clean cooking solutions.
To support the practical use of clean energy, TANESCO handed over a 15-kilogram electric pressure cooker to the school’s management.
The equipment is expected to ease food preparation at the school while reducing dependence on unsafe cooking fuels.
The donation reflects TANESCO’s commitment to promoting clean energy use in educational institutions, where pupils can learn by example and help spread awareness of sustainable energy practices within their families.
Malaika Primary School Head Teacher, Mr Ahmed Abdallah Fataki, welcomed the initiative and thanked TANESCO Kigamboni for the support, noting that the electric cooker would significantly improve food services at the school.
“This cooker will help us improve meal preparation for our pupils and reduce reliance on unsafe energy sources. We sincerely thank TANESCO for supporting us in the clean cooking energy agenda,” he said.
Parents also showed strong interest by visiting the TANESCO information desk to learn more about electric cooking options. Many pledged to gradually abandon the use of unsafe cooking fuels in favour of electricity, citing benefits to health, safety, and environmental conservation.
The Kigamboni outreach highlights TANESCO’s ongoing role in supporting national efforts to promote clean cooking energy, improve public health, and protect the environment, while empowering communities with practical knowledge for sustainable living.
Nigeria: Shell Plc Pledges $20bn Investment On Improved Investment Climate
Nigeria’s President, Bola Tinubu, has been praised for fostering a more conducive investment environment that has helped restore investor confidence in the country.
According to Shell Plc’s Chief Executive Officer, Mr. Wael Sawan, the energy major, alongside its partners, is prepared to commit an additional $20 billion in investments in Nigeria, citing the improved investment climate.
Mr. Sawan made the remarks during a meeting with President Tinubu at the Presidential Villa, where he credited the President’s “robust and bold leadership” as the key driver behind Shell’s renewed investment interest.
“We have really been in a space where we are very keen to invest in Nigeria. But I would say this has not always been the case,” Sawan said.
“Your leadership and your vision have created an investment climate over the last few years that, I will be very honest with you, propelled us to invest—particularly when compared with other investment destinations around the world,” he added.
According to a statement issued on Sunday by the President’s Special Adviser on Information and Strategy, Mr. Bayo Onanuga, Sawan further noted that stability now commands a premium for global corporates.
“Stability in today’s environment honestly carries a premium because we are investing not for one administration or five or 10 years, but for 20, 30, 40 years—and in the case of Nigeria, for many decades,” he said.
The Shell CEO highlighted the company’s recent investments in Nigeria, including $5 billion in the Bonga North project, $2 billion in the HI project, and continued contributions to gas development at Nigeria LNG (NLNG).
He described Shell’s renewed commitment as a “sea change” from previous years when the company had scaled back investments in the country.
On expansion plans, Sawan disclosed that Shell has increased its stake in Oil Mining Lease (OML) 118—the Bonga Block—following the acquisition of assets from TotalEnergies.
He also revealed plans for the Bonga Southwest project, which could attract an estimated $20 billion investment if it reaches Final Investment Decision (FID), with roughly half allocated to capital expenditure and the remainder to operating costs.
“This will be one of the biggest energy projects in the world,” Sawan said, adding that further opportunities, including Bonga South, remain in the pipeline.
The Shell CEO also commended the professionalism of President Tinubu’s team, stating: “Your team is among the best we deal with anywhere in the world, and that professionalism gives us—and our partners—the confidence to continue investing.”
In response, President Tinubu approved the gazetting of targeted, investment-linked incentives to support the Bonga Southwest deep offshore oil project.
He directed his Special Adviser on Energy, Mrs. Olu Arowolo-Verheijen, to facilitate the incentives within Nigeria’s legal and fiscal frameworks.
“These incentives are not blanket concessions,” the President said.
“They are ring-fenced and investment-linked, focused on new capital, incremental production, strong local content delivery, and in-country value addition. My expectation is clear: Bonga Southwest must reach Final Investment Decision within the first term of this administration.”
GOIL Hands Over Two Renovated Offices To University of Ghana’s Department Of Sociology
GOIL PLC, an indigenous oil marketing company, has formally handed over two renovated office spaces to the Department of Sociology at the University of Ghana, reaffirming its commitment to supporting quality and accessible education under its Corporate Social Investment (CSI) agenda.
The offices, which had suffered wear and tear over the years and were no longer conducive to academic and administrative work, were renovated by GOIL following a request from the Head of the Department, Prof. Peace Mamle Tetteh.
The project has restored the Department’s General Administrative Office as well as the Office for Graduate Assistants and National Service Personnel, transforming them into functional and welcoming spaces for faculty members, staff, and students.
Speaking at the handover ceremony, Prof. Tetteh recounted several attempts made to corporate organisations for support and expressed her appreciation to GOIL PLC for not only responding but doing so promptly.
She particularly commended GOIL’s Group Chief Executive Officer and Managing Director, Mr. Edward Abambire Bawa, for helping to turn the Department’s long-held aspiration into reality.
The Dean of the School of Social Sciences, Prof. Mavis Dako-Gyeke, also praised GOIL for responding in a timely manner and for its support to the academic community.
She expressed hope that the partnership between GOIL and the Department of Sociology would continue and be extended to the wider School of Social Sciences.
She noted that the initiative aligns with the University of Ghana’s strategic goal of building enduring partnerships to create transformative experiences for students.
Delivering remarks on behalf of GOIL, the Chief Operating Officer, Dr. Marcus Deo Dake, said the initiative reflects the company’s commitment to contributing meaningfully to national development through education.
He added that the project aligns with one of GOIL’s key CSI pillars—supporting access to quality and inclusive education—in line with the United Nations Sustainable Development Goal 4 (SDG 4).
Dr. Dake thanked the Department of Sociology and the University of Ghana for the opportunity to extend GOIL’s “Good Energy” to the academic community.
Also present at the ceremony were GOIL’s Head of Fuels Marketing, Mr. Emmanuel K. Agyiri; the Group Chief Finance Officer, Mr. Robert Nii Lartey; as well as lecturers and students of the Department of Sociology.
The handover marks another milestone in GOIL’s commitment to national development through education and human capital investment, reinforcing its role as a strategic national institution contributing to Ghana’s progress beyond energy supply.
He added that the project aligns with one of GOIL’s key CSI pillars—supporting access to quality and inclusive education—in line with the United Nations Sustainable Development Goal 4 (SDG 4).
Dr. Dake thanked the Department of Sociology and the University of Ghana for the opportunity to extend GOIL’s “Good Energy” to the academic community.
Also present at the ceremony were GOIL’s Head of Fuels Marketing, Mr. Emmanuel K. Agyiri; the Group Chief Finance Officer, Mr. Robert Nii Lartey; as well as lecturers and students of the Department of Sociology.
The handover marks another milestone in GOIL’s commitment to national development through education and human capital investment, reinforcing its role as a strategic national institution contributing to Ghana’s progress beyond energy supply.