LCCI decries neglect of solid mineral sector
It must be a cause for great concern for any reasonable Nigerian, especially now that crude oil is hovering between zero dollar and below cost price.
Month: May 2020
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Resolving nuclear power generation during COVID-19
Economic slowdown during the coronavirus quarantine led to decline in electricity consumption. Rosatom looks into the depth of this decline and its influence over the nuclear industry. The analysis covers countries with the largest number of operating nuclear power plants, namely, the United States, France, Russia and China, which are also among the most affected by the pandemic.
Eid El-Fitri: Sylva felicitates with Muslims …Says it is a moment of national comfort
Former governor of Bayelsa State and Minister of State for Petroleum Resources, Timipre Sylva, has sent his warmest felicitations to the Nigerian Muslim Ummah on the occasion of this year’s Eid El-Fitri celebrations. In a statement released to journalists, in Abuja, by his Special Assistant on Media and Public Affairs, Julius Bokoru, Sylva wrote that…
Enel Green Power fuels recovery by connecting three new Wind Farms in North America
Enel Green Power North America has begun operating a 50 MW expansion to the High Lonesome wind farm in Texas, increasing the project’s total capacity to 500 MW -The 105 MW Riverview and 29.4 MW Castle Rock Ridge II wind farms in Alberta, Canada are connected and delivering energy to the power grid -The High Lonesome expansion brings the project’s overall investment to 720 million US dollars, while the total investment for both Canadian projects amounts to over 210 million Canadian dollars.
Chinese oil imports to rise in 2020 despite Coronavirus
China’s apparent crude oil consumption is expected to increase by between 1 percent and 2 percent year on year, CNPC Research says, as carried by Reuters.
PetroNor makes progress in Senegal
PetroNor, has announced that the Company has reached a mutual agreement with the Government of Senegal to suspend the Arbitration related to the Rufisque Offshore
Oil price crash leads to large drop in United States fixed investment
The drastic spending cuts across the U.S. shale patch due to the low oil prices will likely lead to a 6.1-percentage point slump in total U.S. fixed business investment.
Why FG won’t allow marketers to determine price of petrol —Sylva …Says deregulation of downstream sector approved since March
Chief Timipre Marlin Sylva, on Thursday, explained that the need to protect the generality of the public from undue exploitation and prevent inordinate profiteering by oil marketers
Nigeria’s refineries produced no petrol in eight months —NNPC
By Oke Peter For eight straight months, no drop of petrol or kerosene was produced by any of the refineries under the management of the Nigerian National Petroleum Corporation (NNPC). Latest figures released by the NNPC on refined white products (petrol and kerosene) from local refineries showed that from June 2019 till January 2020, the…
Nigerian households spent N2trn on fuel, electricity in 2019 —NBS
Damilola Shittu – Abuja The National Bureau of Statistics (NBS) has said that households in Nigeria spent a total of N2.02trn on fuel and electricity in 2019, The NBS said in a new report on consumption expenditure pattern that household expenditure on fuel/light accounted for 11.57 percent of the total non-food consumption expenditure in 2019….
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