Shareholders of Conoil Plc last Friday approved a dividend of N1.4 billion for the 2019 financial year, just as the company has expressed optimism about sustaining its tradition of delivering higher dividend. The shareholders gave the approval at the 49th annual general meeting (AGM) in Uyo, Akwa Ibom State.

For the financial period ended December 31, 2018, Conoil profit before tax rose by 11.4 per cent to N2.567 billion from N2.305 billion in 2017,"...

Inlaks Energy, a subsidiary of Inlaks Limited, recently sponsored 10 teenagers from state owned orphanages in Nigeria to participate in the 2019 Energy Training edition of Lagos Energy Academy.

This year’s edition tagged ‘Energy Stars’ Summer Lab was focused on enlightening young visionaries on power and energy conservation.
Energy Stars Programme is a Lagos Energy Academy initiative aimed at imparting secondary school students"...

The Federal Ministry of Communications has revealed plans to adopt electronic management systems in work place to create higher level of transparency and efficiency in its operations and service delivery.

Its Permanent Secretary, Mr. Musa Istifanus, who made the disclosure in Abuja during the inauguration of the Ministerial SERVICOM and Anti-Corruption and Transparency Committees respectively; by the National Coordinator SERVICOM, Mrs. Nnenna Akajemeli,"...

(TAP) - The energy independence rate, which represents the ratio of available resources in primary energy compared to consumption, has worsened from 95% in 2010 to 51% in 2017 and 48% in 2018, ETAP says in its recently published 2018 annual report.

The worsening of the energy deficit is explained by the decline in available primary energy resources by 4.6% (oil & condensate -1.8%, LPG -7% and natural gas -6.4%), on one hand, and the increase"...

One of Nigeria’s leading marginal field operators, Oriental Energy Limited (OERL), has confirmed oil discovery in two deep prospects that were identified during extensive subsurface studies in its offshore Ebok field.

According to a statement, Oriental Energy commenced the appraisal drilling campaign in the North Fault Block of the field in Q1 2019 with the objective of testing the hydrocarbon potential of the deeper stratigraphic levels in"...

(TAP) - The House of People's Representatives (HPR) Wednesday passed a bill pertaining to the adoption of a guarantee agreement inked last April 4 by the Tunisian Company of Electricity and Gas (French: STEG) and the Islamic Development Bank (IDB) to co-finance a natural gas transport project. The vote was 96 for the draft law, 2 against and 2 abstentions.

The project is part of the 13th Development Plan (2016-2020); it fits within the modernisation"...

(TAP) - The House of People's Representatives (HPR) passed on Wednesday bill No. 31/2019, approving the convention and its annexes related to the exploitation concession of Halk El Menzel oil field (off Monastir), with 102 votes in favour, 10 abstentions and 3 against.

At the origin of the dismissal of former Minister of Energy Khaled Gaddour and four officials of the Ministry of Energy in 2018, following suspicions of corruption, the case of"...

Winners have emerged in the maiden edition of the Inlak’s Insurtech Hackathon themed “Shaping the future of Insurance.”

The two-day competition, which held last week in Lagos, featured Chief Executive Officers (CEOs), Chief Information Officers (CIOs), and participants from the insurance, technology, Fintech and other sectors across Ghana, Nigeria, and Kenya.

The"...

TAP) - The first stage of the 450-MW combined cycle power plant in Rades was inaugurated on Tuesday by Prime Minister Youssef Chahed.

'The power plant was carried out in co-operation with the Japanese group Mitsubishi at a total cost of 820 million dinars,' said Chahed to the media.

This project, he specified, will better meet the country's growing demand for"...

Italian multinational energy corporation ENI is building an off-grid, solar-storage microgrid at an oil and gas facility in Tunisia and integrating it with existing, on-site natural gas generation.

All the energy produced by the off-grid microgrid will be used to power the facility’s upstream operations.

Metka EGN, a wholly owned subsidiary of Greece’s Mytilineos,"...