The Nigerian Electricity Regulatory Commission (NERC) has written to the Vice President, Professor Yemi Osinbajo, to express its worries about the Gas Sales Agreement (GSA) the Niger Delta Power Holding Company (NDPHC) signed with a private gas firm, Accugas Limited for the supply of gas to its 562 megawatts (MW) Calabar power plant, and which…
MCEDD, the premier deepwater conference, continued on Tuesday afternoon and into today in Milan, Italy, with a timely mid-day keynote examination of the future of ultra-deep offshore activity, accompanied by a full slate of technical presentations on a variety of technical subjects. Following lunch on Tuesday, Total’s V.P. for Deepwater, Benoît Ludot, delivered a very…
The South Korean government said the country’s coal-fired power generation hit a new high in 2017, helped by three thermal power plants that came online with combined generation capacity of 5.3 GW. The country also suspended operations at 11 of its 24 nuclear reactors, which meant coal generation supplied an even higher percentage of South…
By Oke Peter At least Eight out of the 27 power plants in Nigeria were shut down on April 9, due to gas, line and frequency management constraints, data from the Power Generation Report by the Ministry of Power, Works and Housing, has shown. For instance, the Trans Amadi Gas Turbine (GT) 1 and 2…
Exxon Mobil Corporation has announced that the size of the natural gas resource at the P’nyang field in Papua New Guinea has increased to 4.36 trillion cubic feet of gas, an 84 percent increase from a previous assessment completed in 2012. The increase supports a potential significant expansion of operations in the country. The independent…
The Port Harcourt Electricity Distribution Company (PHEDC), has appealed to the National Assembly to enact laws that will address the challenges of energy theft and its associated variables in the power industry. The Port Harcourt Disco lamented that it loses a total of N3 billion on a yearly basis to energy theft. The Chief Executive…
Nigeria, a member of Organization of the Petroleum Exporting Countries (OPEC), expects oil and gas investment to hit $40 billion in the next five years. OPEC, which made this known its upstream investment plans that was released recently, said that regardless of all the challenges and uncertainties, OPEC members continue to invest in additional upstream…
Energy Worth with Agency Report 45 vessels of petroleum product are expected to berth at Lagos ports in two weeks, with 15 of such vessels laden with Premium Motor Spirit (PMS), otherwise known as petrol. Vessels statistics released by the Nigerian Ports Authority (NPA) on Wednesday, showed that some of the vessels are expected to…
