Yemisi Izuora Following a comprehensive system audit and airflow analysis at the Dangote Cement Gboko plant, in Benue State, JMG Industrial has installed eight high-performance Kaeser rotary lobe blower units designed for continuous heavy-duty industrial operation. The upgraded compressed air configuration increased airflow efficiency by approximately 23 per cent, with peak airflow capacity improvements reaching nearly 47 per cent, compared to the previous system. These gains translate directly into improved production stability, optimized energy consumption, and enhanced operational reliability. Dangote Cement is a subsidiary of Dangote Industries, and Africa’s leading cement producer with a production capacity of 52.0 million…
Author: Orientalnews Staff
Uche Cecil Izuora Aba Power, Nigeria’s newest electricity company (DisCo), has assured the people of Umuomainta in Mbawsi-Nsulu of Ngwa North Local Government Area of Abia State that they will celebrate Easter this weekend with light. The assurance is contained in a statement by the Aba Power Senior Brand and Communications Manager, Edise Ekong. The community has been without power for over two weeks following the loss of six high tension poles in the area. “The six poles are among the over 70 high tension (HT) and over 10 low tension (LT) poles we have lost in the last…
Yemisi Izuora The Director-General (DG) of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, has joined other international delegates at the inaugural assembly of the World Data Organization (WDO), held recently in Beijing. For Nigeria, participation at this level presents significant opportunities to engage in global standard-setting discussions on data governance and cross-border data flows, strengthen bilateral cooperation with China in advancing digital infrastructure and innovation, unlock new pathways for investment and knowledge exchange within the digital economy, and position Nigerian institutions and talent to benefit from emerging global data ecosystems. The high-level gathering convened over 500 participants, including senior…
Uche Cecil Izuora The Chairman Emeritus of energy consultancy FGE NexantECA, Fereidun Fesharaki, has predicted that oil prices could jump to $200 per barrel and even higher if the Strait of Hormuz remains near-closed as it is at the moment. Although the oil market is moving on sentiment and U.S. President Donald Trump’s social media posts about the war, the fact is that “every week, 100 million barrels of oil is not going through, and every month, 400 million barrels are not going through,” Fesharaki told Bloomberg Television. “Within a period of time, these losses to the market will…
Yemisi Izuora Global financial markets already hurt is entering the second quarter significantly exposed to war headlines, a backdrop that could prompt a bigger retreat for equity markets while a hefty selloff in bonds could tempt buyers back. Even if a resolution to the conflict boosts near-term sentiment, damage inflicted on Middle East energy infrastructure and higher for longer oil prices will still hurt economic growth and drive up inflation, investors expect. It’s a backdrop that could prompt a bigger retreat for equity markets, while a more protracted conflict that sees growth worries outpace inflation angst could prompt a…
Yemisi Izuora The World Bank Group, the African Development Bank, and The Rockefeller Foundation launched a new Mission 300 Private Sector Council to mobilize the billions in private investment needed to connect 300 million Africans to electricity by 2030 while unlocking job creation across the continent. Fourteen leaders from diverse sectors will help drive strategies to crowd in capital and deal-making capability, maximize economic transformation, and scale up catalytic finance platforms—especially for local currency—to accelerate commercial investment that supports both energy access and employment. Makhtar Diop, Managing Director of International Finance Corporation, a member of the World Bank Group, and…
Uche Cecil Izuora Energy market disruption caused by the Middle East conflict has forced China’s state-run oil and gas giants to start moderating expansion plans as they balance market volatility against long-term energy security goals. The country’s three largest producer, PetroChina, Sinopec and CNOOC reported lower profits last year as softer oil prices weighed on earnings. The results come as the sector faces flattening oil demand, an accelerating energy transition and persistent overcapacity in lower-margin petrochemicals. While weaker crude prices pressured 2025 results, a prolonged Middle East conflict could boost upstream earnings for CNOOC and PetroChina. In contrast, Sinopec—China’s…
Uche Cecil Izuora The President of the U.S., Donald Trump has called on other nations reliant on Middle East crude to take a more active role in reopening the waterway, which has been effectively restricted amid ongoing conflict with Iran. Tensions in the Strait of Hormuz escalated after a tanker strike and renewed U.S. pressure on allies to help secure the critical shipping route, raising concerns over global oil and LNG supply. The escalation follows an attack on the Al-Salmi, a fully laden Kuwaiti crude tanker off the coast of Dubai—one of the most significant incidents affecting oil shipping since…
Yemisi Izuora The newly appointed Managing Director and Chief Executive Officer (MD/CEO) of the NLNG, Adeleye Falade has officially assumed office. He took up the role on Wednesday at the company’s Corporate Head Office in Port Harcourt, succeeding Philip Mshelbila, who was recently appointed Secretary-General of the Gas Exporting Countries Forum (GECF). Falade brings nearly three decades of experience in the global oil and gas industry, with extensive leadership exposure across the LNG and petroleum value chain. Over the course of his career within the Shell Group, he has built a distinguished record across upstream and midstream…
Uche Cecil Izuora Noble Energy EG Ltd., a Chevron company, confirms that Chevron has taken Final Investment Decision (FID) on the Aseng Gas Monetization Project in Equatorial Guinea. The FID follows the execution of relevant agreements and is pending final regulatory approvals. Speaking on the FID, Jim Swartz, Chairman and Managing Director, Chevron Nigeria and Mid-Africa region, noted that the agreements and FID were made possible by the signing of a deal in September 2025 with the government of Equatorial Guinea confirming the competitive fiscal and tax terms to enable the Project. He explained that the…