Microsoft founder and billionaire Bill Gates is helping to advance a growing source of nuclear energy with an overseas energy developer. The American businessman met Chung Ki-sun, vice chairman of South Korean shipbuilding giant HD Hyundai, to discuss coordinating the development of small modular reactor (SMR) projects as part of its partnership with Gates’ nuclear...
Day: September 24, 2025
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Nigerian regulator pulls approval for TotalEnergies’ $860m asset sale to Chappal Energies
TotalEnergies’ sale of a minority stake in a Nigerian onshore oil producer has fallen through, Nigerian regulators said on Tuesday, in a setback to the French oil major’s strategy to sell mature, polluting assets and pay down debt.Total agreed in July 2024 to sell its 10% stake in Shell Petroleum Development Company of Nigeria Limited...
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PURC raises electricity tariffs by 1.14% from Oct. 1
The Public Utilities Regulatory Commission (PURC) has announced a 1.14 per cent upward adjustment in electricity tariffs for all consumer categories, effective October 1, 2025.Water tariffs will however remain unchanged over the same period. In a statement signed by Acting Executive Secretary Shafic Suleman, the Commission said the decision follows its Quarterly Tariff Review Mechanism,...