ExxonMobil has announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period. Recent changes in the U.S. corporate tax rate create…
Governor Aminu Tambuwal cutting the tape during the inauguration of the project By Energy Worth with Agency Report Governor Aminu Waziri Tambuwal of Sokoto State has commissioned the 80KWp solar mini – grid electricity project which will provide uninterrupted power supply to Kurudla Village in Gudu Local Government Area of Sokoto State on Friday 19th…
The Transmission Company of Nigeria regrets to announce that activities of wood loggers in Ukana town, by Nineth Mile-Nsukka road, Enugu, have damaged the transmission line between Oji River and Nsukka in Enugu State, cutting off electricity supply to the 2x 7.5MVA 66/11KV transmission Substation in Nsukka, which supplies electricity to Nsukka town in Enugu…
The enthusiasm in the oil markets is breaking records.Hedge funds reported record wagers on continued price increases for both U.S. and global oil benchmarks, along with gasoline and diesel. Meanwhile, producers are hedging production at record rates as oil experiences its best January since 2006.“There is a lot of interest in the direction of crude…
By Energy Worth The chairman, House of Representatives Committee on Water Resources, Hon. Aliyu Ahman-Pategi, on Monday hinted that the protracted crisis in the downstream sub-sector of Nigeria’s oil economy which led to the current fuel scarcity in the country would not be abated for now as it has gone beyond the federal government power…
