Eni has signed a Petroleum Agreement (PA) with the Moroccan State Company ONHYM to enter into the Tarfaya Offshore Shallow exploration permits I-XII, located in the waters of the Atlantic Ocean offshore the cities of Sidi Ifni, Tan Tan and Tarfaya. Following the agreement, which is subject to the authorization of the Moroccan authorities, Eni…
By Energy Worth The Nigerian National Petroleum Corporation (NNPC), on Thursday, disclosed that it can now account for every barrel of crude oil sold from Nigeria, because it has achieved a 98 per cent automation of all transactions involving the supply, marketing and sale of the various grades and blends of the country’s oil across…
By Energy Worth The Minister of Information, Lai Mohammed, on Thursday, in Abuja, said both the Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) were working assiduously to put paid to the lingering fuel shortage ravaging the country. Mohammed made the submission while responding to a question on government decision on the…
By Oke Peter Nigeria’s first project-financed independent power plant – the 459 megawatts (MW) capacity Azura-Edo power plant wednesday started generating electricity to the national grid, following the successful completion of the first-fire on one of its generation turbines – the 153MW GT-11, and subsequent synchronisation of same to the national grid by the Transmission…
Energy Worth with Agency Report A judge in Milan, Italy, has ordered Royal Dutch Shell and Italian energy giant, Eni, to stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of Oil Prospecting Lease (OPL) 245 from Malabu Oil in Nigeria. The judge also ordered the other key figures such…
The recently approved contract for the construction of Ajaokuta-Abuja-Kaduna-Kano Gas Pipeline project, dubbed AKK Pipeline, has started yielding early benefits with the commitment by NNPC to build power generating plants with combined capacity of 4600 megawatts in Abuja, Kaduna and Kano States. The NNPC’s Group Managing Director, Dr. Maikanti Baru, who disclosed this during a…
By Energy Worth The Nigerian Electricity Management Services Agency on Tuesday announced the commencement of a nationwide technical monitoring and evaluation of power lines and sub-stations. It stated that the exercise was for the primary 33KV feeder lines and associated 33/11KV injection sub-stations with supply source from 330/132/33KV transmission sub-stations. NEMSA said the exigency of…
The Nigerian National Petroleum Corporation (NNPC) has 21 days sufficiency of Premium Motor Spirit otherwise called petrol. The 21 day sufficiency of petrol translates into 750million litres of the white product. NNPC has also increased the amount of PMS truck supplies to cities across the country, with Abuja receiving additional 100 trucks of petrol from…
By Oke Peter Following the federal government’s approval of its power purchase agreement (PPA) with the Nigeria Bulk Electricity Trading Plc (NBET), promoters of the 550 megawatts (MW) capacity Ondo gas-fired Independent Power Project (IPP), have said the plant is projected to supply power to the national grid from the fourth quarter (Q4) of 2020. Speaking…
By Oke Peter There was shoot-out between Naval personnel and vandals at Ilado-Odo/Inagbe beach in Idi-Mangoro area of Lagos, weekend. It lasted for over an hour. Jerrycans and charms (inset) recovered by Naval personnel at the site of pipeline vandalism in Lagos. The Naval personnel had stormed the island, based on intelligence that vandals were …
