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Energy
TotalEnergies announces new investment focus in Nigeria

TotalEnergies announces new investment focus in Nigeria

TotalEnergies (formerly Total) has announced a new investment focus in Nigeria, tending more toward renewable sources of energy as the company moves to become one of the world’s top five in renewables by 2030. The…

Energy
Egbin attains generation peak at 970mw, says Sonubi, chairman

Egbin attains generation peak at 970mw, says Sonubi, chairman

The Chairman of Egbin Power Plc., Mr. Temitope Sonubi has announced that the generating facility recently hit highest peak production of 970mw. This feat is coming just as the management of the company has expressed…

Energy
Brent expected to hit $80 – Goldman Sachs

Brent expected to hit $80 – Goldman Sachs

U.S. investment bank Goldman Sachs announced that it expects Brent crude prices to reach $80 per barrel this summer, on the assumption that the recent oil market rally will continue as vaccination rollouts boost global…

Business
Low oil demand from China drives oil to second day losing streak

Low oil demand from China drives oil to second day losing streak

Oil prices extended their losses today over concerns about the fragile state of the global recovery in demand for crude and fuel which were heightened by data showing China’s oil imports declining in May. Bob…