The forthcoming third edition of the Nigeria Mining Week (NMW) organised by the Miners Association of Nigeria (MAN) in partnership with Spintelligent, PwC Nigeria and the Ministry of Mines and Steel Development, has received strong support from leading market leaders, such as 3M Geo Resources, BARRON, AG Vision, Kian Smith Trade and Co, Meridian Drilling,…
Top voltage Stabiliser and automatic voltage regulator, AVR manufacturers are attracting additional market share as a result of the growing demand for stabilisers or regulators to protect equipment or machine occasioned by unstable power supply in the country, Vanguard has reported. A voltage stabiliser is a device designed to deliver a constant voltage at its…
To the Peoples Democratic Party (PDP), the Nigerian National Petroleum Corporation (NNPC) is economical with the truth on remittances into the Federation Account. But, the All Progressives Congress (APC) says PDP is crying wolf where there is none, describing the claim as bogus. In its response titled: “PDP allegations on NNPC operations: The facts”, the…
By Energy Worth Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday, refuted insinuations of plans by the Federal Government to sell the Nigerian Liquefied Natural Gas Limited, NLNG. He said that there was no such plan at the moment. The minister made this known at the opening of a 3-day investigative hearing…
The Nigerian National Petroleum Corporation (NNPC) will establish two condensate refineries with a total refining capacity of 200,000 barrels per day at Western Forcados Area and Assah North Ohaji South (ANOH) Areas of Delta and Imo State respectively. Natural-gas condensate is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the…
Here is a confession that should make crude oil producers and oil investors worried. The chief executive of French oil and gas giant Total said on Monday that he and his wife drive an electric car. “It’s a 100 percent e-car. It’s a nice Renault electric car. And I’m driving it every weekend. It’s my…
Kainji and Jebba hydropower Generation Companies (GenCos), operated by Mainstream Energy Solutions Limited (MESL), have delivered an uninterrupted 24 hour electricity supply to seven firms labelled as ‘Eligible Customers’ with a cumulative 1,162.9 Megawatt Hour (MWH) energy capacity. A daily operational report for energy delivery obtained from the Independent System Operation (ISO) arm of the…
By Irina Slav Saudi Arabia’s King Salman has demanded that the initial public offering of Saudi Aramco be called off, stepping in to shelve the plans of his heir apparent, Crown Prince Mohammed bin Salman, for what was tipped to be the world’s biggest IPO ever, Reuters reports, citing three sources with ties to Saudi…
Energy Worth with Agency Report The people of Aghoro 1 community in Ekeremor Local Government Area, Bayelsa State, have accused Shell Petroleum Development Company of using the Joint Military Task Force, Operation Delta Safe, to coerce their leaders into signing oil spill reports. Aghoro, a coastal settlement along Ramos River, recently experienced an oil spill…
By Tsvetana Paraskova OPEC and its Russia-led non-OPEC partners in the production cut deal reduced their total oil production in July by 9 percent more than what they had agreed upon, Reuters reported on Monday, citing two sources familiar with the findings of an OPEC/non-OPEC monitoring committee on compliance. The committee—consisting of representatives from the…
