March 2022 – Energy Worth Online

How Nigeria can end rising crude oil theft

Energy Worth3 years ago3 years ago017 mins

In 2020, the Nigerian Extractive Industry Transparency Initiative (NEITI) said Nigeria’s loss to crude oil theft stands at $4.19 billion yearly. Reportedly, Nigeria is losing over 300,000 barrels of crude oil per day to oil theft, vandalism and other related criminal vices in the country. The implications, according to reports released by NEITI include loss of revenue, environmental disaster, a threat to regional peace and security, the proliferation of arms and a poor investment climate.

Azura MD: Why electricity privatisation is not yielding expected results

Energy Worth3 years ago3 years ago06 mins

“Nigerians have always taken electricity as a social product which should not be paid for. It is difficult to pinpoint when, exactly, this attitude emerged; but it stands to reason that as electricity from the grid became increasingly unstable (and so served as a back-up power source to most people rather than their primary source), people stopped paying for a product they were not receiving,” Okeke said.

Nigeria — where President Buhari had to say sorry for a power cut

Energy Worth3 years ago3 years ago08 mins

For many Nigerian children who have never been abroad, few stories about the West are as fascinating as the fact that electricity can stay on from dusk till dawn seven days a week.

Fuel queues disappearing, electricity supply improving as Buhari summons Ministers, others

Energy Worth3 years ago3 years ago06 mins

The president had earlier expressed his concern over frequent power outages, apologising to Nigerians and assuring of prompt solution to the challenges.

REA signs deal with ENGIE Energy Access

Energy Worth3 years ago3 years ago02 mins

The Rural Electrification Agency of Nigeria (REA) and ENGIE Energy Access have extended their partnership through a supplement to the existing output-based fund (OBF) agreement.

We don’t know exact daily petrol consumption —FG

Energy Worth3 years ago3 years ago011 mins

As a country, we still cannot tell the exact volume of Premium Motor Spirit, popularly called petrol, which we consume on a daily basis, the Federal Government has said.

FG is determined to end crude oil theft, says Sylva

Energy Worth3 years ago3 years ago04 mins

The Minister of State Petroleum Resources, Chief Timipre Sylva, said this on Wednesday at Bonny Island, Rivers, while addressing officers of the 146 Battalion and other security agencies represented in the fight against oil theft.

Oil rich, electricity poor. What will it take to solve Nigeria’s energy crisis?

Energy Worth3 years ago3 years ago015 mins

Yet Nigerians have continued to battle poor power supply with the situation worsening last week when the country’s power grid collapsed twice causing a huge black out across most parts of the country.

2022 Africa Oil Week holds October 3 in Cape Town

Energy Worth3 years ago3 years ago01 mins

Under the theme ‘Sustainable Growth in a Low Carbon World’, Africa Oil Week will advocate the importance of developing hydrocarbons in Africa and the sustainable development of oil and gas.

FG advocates for a multi-track energy transition programme

Energy Worth3 years ago3 years ago06 mins

Sylva said Nigeria will remain at the vanguard of the crusade for a multifaceted energy transition timetable that will attract more investments for Africa while taking cognisance of the current global energy transition in the direction of renewable energy.

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Month: March 2022

How Nigeria can end rising crude oil theft

Azura MD: Why electricity privatisation is not yielding expected results

Nigeria — where President Buhari had to say sorry for a power cut

Fuel queues disappearing, electricity supply improving as Buhari summons Ministers, others

REA signs deal with ENGIE Energy Access

We don’t know exact daily petrol consumption —FG

FG is determined to end crude oil theft, says Sylva

Oil rich, electricity poor. What will it take to solve Nigeria’s energy crisis?

2022 Africa Oil Week holds October 3 in Cape Town

FG advocates for a multi-track energy transition programme