President, Nigerian Gas Association’s address to members
However, these same uncertainties present an opportunity for gas to step up and play a more significant and pivotal role in Nigeria’s energy mix
Month: July 2023
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AI Implementation: Moving From Buzz To Tangible Business Solutions
“The main issue is who will be held responsible if the machine reaches the ‘wrong’ conclusion or recommends a course of action that proves harmful,” comments Matt Scherer, law firm Littler Mendelson P.C., for CIO. He speaks about the tendency of humans to believe in the intellectual superiority and infallibility of AI. According to him,…
If Nigeria is serious about dealing with oil thefts, it will end in two weeks —Bayelsa monarch, Dakolo
Dakolo faulted the government’s current approach to fighting oil theft.
FG orders destruction of ship intercepted in Delta with stolen crude
The ship named, Tura II, with a capacity of 500,000 tonnes, was intercepted in the wee hours of Saturday by Tompolo’s pipeline surveillance firm, Tantita Security Nigeria Ltd, stealing crude oil from a wellhead.
Tapping into Nigeria’s natural gas potentials, Tinubu’s bold move
This facility aims to reduce the largest black nation’s reliance on fossil fuel, particularly petrol, as Nigeria moves into a post-subsidy era.
Manufacturers oppose World Bank-funded Bid for supply of smart electricity meters
In the letter, which was jointly signed by the Acting President of the manufacturers’ association, Ademola Agoro, and the Secretary, Duro Omogbenigun, the association urged the BPP DG to direct the Transmission Company of Nigeria (TCN), Nigerian Electricity Regulatory Commission (NERC) and the Central Bank of Nigeria (CBN) to honour the pending four million meters supply contract awarded to its members since November 2022 under the Phase 1 of the NMMP.
21 investors got power generation licences in 2022 —NERC
Findings showed the commission issued 114 registration/permits for the development of mini-grids to boost power supply across the country during the period.
UTM FLNG visits Tinubu on new gas plant, promises to crash prices
The facility also aims to leapfrog the national economy by producing an annual 1.5 million tonnes of Liquefied Natural Gas (LNG) for export as well as 300,000 LPG metric tonnes for domestic markets, aimed at lowering and stabilising prices of gas, while creating thousands of jobs and investment opportunities in Nigeria.
Why DISCOs recorded 40% revenue loss —NERC
The failure to meet target, according to NERC, comes at a time when the sector was considering an increase in electricity tariffs brought about by macroeconomic conditions.
FG, stop gas flaring, harness energy resources
Gas flaring is associated with the burning of crude oil to extract petrol and other by-products. The fracking, or standard process of refining crude oil has contributed to environmental degradation and global warming.
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