The oil and gas giant, CNOOC Limited announced today that Weizhou 6-13 oilfield has commenced production ahead of schedule. Weizhou 6-13 oilfield is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35 meters. In addition to fully utilizing the existing facilities of Weizhou 12-1 oilfield, the project…
ExxonMobil has disclosed that it has started detailed engineering work on a potential U.S. Gulf Coast project to expand polypropylene manufacturing capacity by up to 450,000 tons a year to meet growing demand for high-performance, lightweight durable plastics. A final decision on the investment, anticipated to be several hundred million dollars, is expected later this…
The Federal Government has disclosed that it is working out modalities to partner with Morocco in housing and energy. The Minister of State for Power, Works and Housing, Mr Mustapha Shehuri said this interview with the News Agency of Nigeria (NAN) on the sideline of the Crans Montana Forum in Dakhla, Morocco. Shehuri said he…
By Energy Worth with Agency Report The Association of Power Generation Companies of Nigeria (APGCN), has said that its members are operating at a loss, as the percentage of revenues received do not cover their operating costs. As a result, the generating plants can no longer sustain their operations, due to high outstanding debts.Besides, the…
Kano Electricity Distribution Plc. (KEDCO) has energised new distribution transformers in four rural communities in Kano state , so as to boost socio-economic activities in the areas. In a statement by KEDCO’s spokesman, Mohammed Kandi, it said the effort was aimed at raising the standard of living in the benefiting communities, including Yar-Fulani in Tudun…
The National Union of Mineworkers in South Africa (NUMSA) recently released a strongly worded statement expressing disappointment in an earlier statement released by Greenpeace. The Greenpeace statement questioned why NUMSA interdicted the minister of energy to stop the signing off on 27 Independent Power Producers (IPP) projects. NUMSA were not granted the interdict and the…
The Minister of Power, Works and Housing, Mr Babatunde Fashola has again, assured Nigerians of uninterrupted power supply in the country. This is coming as operators in the power sector yesterday acknowledged that the World Bank has approved $486 million to support the expansion programme of the Transmission Company of Nigeria (TCN). According to a…
Energy Worth with Agency Report The National Power Training Institute of Nigeria (NAPTIN) is to train 545 of Nigerian and Ghanaian electricity workers under its collaboration with the Association of Power Utilities of Africa (APUA). The Acting Managing Director of the institute, Mr. Ahmed Bolaji Nagode, disclosed recently at the NAPTIN Regional Training Centre in…
The Nigerian National Petroleum Corporation (NNPC), has expressed its readiness to collaborate with the Nigerian Mining and Geosciences Society (NMGS) towards growing the nation’s abundant hydrocarbon reserves. The Group Managing Director of the corporation, Dr Maikanti Baru, disclosed this shortly after being conferred with the honourary fellowship of the Society in Kano, on Tuesday. Dr…
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that prepaid meters will soon flood the market with the licensing of 87 Meter Asset Providers (MAPs). With this development, there is going to be an increase in the bills to be paid by electricity consumers in the country who get new meters under the latest regulation….
