Happy Eid Mubarak to our esteemed readers
May this special day bring peace, happiness and prosperity to everyone. Eid Mubarak.
Year: 2019
Read More
Ikeja Electric, MOJEC advise customers on meter registration process
Leading Electricity Distribution Company, Ikeja Electric Plc (IE) has fully commenced the roll out of meters under the Meter Asset Provider (MAP) scheme, to all unmetered customer across its network. In the first phase, which culminated at the end of July, metering was restricted to only customers in Ikorodu, Abule-Egba and Shomolu Business Units. However,…
NCDMB, Notore explore investment opportunities
By Oke Peter The Nigerian Content Development and Monitoring Board (NCDMB) will support Notore Chemical Industries Plc to fully develop its industrial complex so it could offer integrated services to oil and gas companies and increase its contributions to the agricultural and infrastructural sectors. The Executive Secretary NCDMB, Engineer Simbi Kesiye Wabote visited the company…
5.61bn litres of PMS imported into Nigeria in Q2 2019 —NBS
The petroleum products importation statistics for Q2 2019 reflected that 5.61 billion litres of premium motor spirit (PMS), 1.38 billion litres of automotive gas oil (AGO), 12.22 million litres of Household kerosene (HHK), 131.36 million litres of aviation turbine kerosene (ATK), 77.24 million litres of base oil, 41.79 million litres of bitumen, 27.68 million litres…
We ’ll publish contracts details this month —NNPC boss
Damilola Shittu – Abuja In his determination towards ensuring transparent transactions, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Tuesday said that the corporation would respond to calls for the disclosure of contracts and contractors later this month. He noted that the biggest contracts in the corporation’s portfolio currently…
Nigerian power transmission weak despite TCN’s $1.63bn intervention —Gencos
Shittu Oluwadamilola – Abuja The Association of Power Generation Companies in Nigeria (GENCOS) has disclosed that the transmission of electricity across the country is still weak despite the interventions and claim by the Transmission Company of Nigeria (TCN) that it currently has capacity to wheel over 8,000 megawatts of power. The transmission company had reportedly…
No plan to relocate Nigerian Gas Company headquarters from Niger Delta —NNPC
By Oke Peter The Nigerian National Petroleum Corporation (NNPC) has for the umpteenth time assured stakeholders in Delta State and the Niger Delta in general that it has no plan to relocate the headquarters of its subsidiary, Nigerian Gas Company (NGC) from its present location in Delta State to somewhere outside the region. The NNPC…
REA inaugurates Nigeria’s first solar hybrid project
By Oke Peter Nigeria’s Vice President, Yemi Osinbajo, has inaugurated the Nigeria’s first 2.8MW solar hybrid power project at Alex Ekwueme Federal University, Ndufu-Alike Ikwo in Ebonyi State. The project falls under the Energising Education Programme (EEP) of the Federal Government, which was implemented by the Rural Electrification Agency (REA). The clean-generated power will provide…
Oriental Energy announces oil discovery in Ebok Deep (OML 67)
NIGERIA’s leading marginal field operator, Oriental Energy Resources Limited, OERL, has confirmed oil discovery in two deep prospects that were identified during extensive subsurface studies in its offshore Ebok field. Oriental Energy commenced the appraisal drilling campaign in the North Fault Block of the field in the first quarter of 2019, Q1’19, with the objective…
Saudi Arabia’s Solar City disaster
Despite bullish fundamentals this week that saw over 8 million barrels shaved off US inventories, shrinking OPEC production in July, a force majeure declaration by Libya, and continuing tensions in the Persian Gulf, oil prices saw the largest daily loss in years on Thursday after President Donald Trump tweeted that his administration would be putting…