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Vattenfall to Offer 200 MW of Balancing Power from German Offshore Wind Farm

Vattenfall is bringing 200 MW of balancing capacity from the 416 MW Veja Mate offshore wind farm in the German North Sea to the...

Nordic energy players hit paydirt with new gas and condensate discovery

Norway’s energy duo, Vår Energi and Equinor, have made a gas and condensate find in a new Norwegian Sea license, uncovering a fresh prospect...

GEOxyz conducting seabed survey at UK offshore wind site

GEOxyz is carrying out a geophysical site survey at ScottishPower Renewables’ East Anglia Two offshore wind farm site in the UK North Sea to...

FG faults World Bank revenue figures, dismisses debt concerns

The Federal Government has faulted the revenue figures contained in the World Bank’s latest Nigeria Development Update, dismissing concerns that rising interest payments threaten...

A.P. Moller Capital buys Portek from Mitsui

A.P. Moller Capital announced it has agreed to buy feeder terminal operator Portek International from Mitsui & Co for an undisclosed amount. Singapore-based Portek has...

Record monthly container volumes at Port of Long Beach as imports soar

The Port of Long Beach (POLB) handled close to 1 million teu in the month of September a 25% increase year-on-year. The Californian port handled...

Cardoso links record $55.1bn reserves to economic stability

Nigeria’s foreign exchange reserves have climbed to $55.1bn, their highest level in 18 years, strengthening the country’s capacity to withstand global economic disruptions, Central...

IMF endorses CBN rate cut, warns against premature easing

The International Monetary Fund has endorsed the Central Bank of Nigeria’s decision to cut its benchmark interest rate to 23 per cent, saying the...

Nigeria’s FX demand hits $18.34bn as services surge

Nigeria’s foreign exchange utilisation surged to $18.34bn in the second quarter of 2026, its highest level in nearly 15 years, as financial services transactions...

ScottishPower Renewables completes ‘record-breaking’ cable landfall operation

ScottishPower Renewables has completed what it says was a record-breaking cable landfall operation for its 960 MW East Anglia Two offshore wind farm in...

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