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Transcorp Power grows revenue to N398bn

  Transcorp Power Plc, a subsidiary of Transnational Corporation Plc, has announced its audited financial results for the year ended December 31, 2025, posting revenue...

Coastal logistics may drive petrol prices to N1,000/litre – Dangote

  Dangote Petroleum Refinery has warned that continued reliance on coastal delivery of petroleum products could push petrol prices close to N1,000 per litre in...

Valaris drillship undergoing upgrades in Spain as another rig reaches Brazil

A 2014-built drillship, owned by the Bermuda-incorporated offshore drilling contractor Valaris, has come to Brazilian waters ahead of its assignment with Equinor Energy do...

Maritime industry gets its first guidance notes for onboard hydrogen generation

Lloyd’s Register (LR) has published what it says is the maritime industry’s first dedicated guidance notes for onboard hydrogen generation, as a response to growing...

FG moves to share electricity subsidy costs with states

The Federal Government has moved to end the practice of carrying electricity subsidy costs alone, announcing a framework that will spread the burden across...

Petrobras scoops up multibillion-dollar oil deals in India

Brazilian state-owned energy giant Petrobras has sealed oil sales agreements with Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL).While...

Panama declares CK Hutchison’s Panama Ports concession unconstitutional

Panama’s Supreme Court has declared unconstitutional the law establishing the port concessions for CK Hutchison subsidiary Panama Ports Company (PPC) covering the ports of...

Lufthansa confirms A380 business upgrade

    Lufthansa has announced the “most extensive fleet renewal in its history,” revealing plans to upgrade seating on its Airbus A380s, A350-900s and Boeing 747-8s.On...

Airbus searches for museum homes for retiring Beluga cargo fleet

Airbus is facing an unusual challenge as it retires its first-generation BelugaST cargo aircraft: finding places large enough to display them. The European manufacturer...

FG Restoring Confidence in Power Sector-Edun

The federal government yesterday announced the successful issuance of a N501 billion inaugural bond for Generation Companies (Gencos) under the Presidential Power Sector Debt...

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