Renewable energy investor Platinum Power, minority-owned by United State private equity firm Brookstone Partners, has teamed up with China’s CFHEC to build a $300 million hydropower plant in central Morocco, it said recently. CFHEC, which is a subsidiary of state-owned construction firm CCCC, will partner with the Moroccan group to finance, build and run the…
In line with its targets for increasing crude oil production to 6.2 million barrels per day (bpd) by end-2020 and 9 million bpd by end-2023, up from the current 4.6 million bpd or so and on a par with Saudi Arabia’s output, Iraq has made it clear to foreign and domestic oil field developers alike…
Tunisian Minister of Industry and Small and Medium Enterprises (SME’s), Dr Slim Feriani, has recently granted and approved six new oil and gas prospecting permit. The beneficiaries include Hezoua, Weha, Teskraya, Kef Abed, Metline and Saouaf. The event, held on 28th June, 2019, in the presence of the Chief Executive Officer (CEO) of the Tunisian…
Managing Director of the Transmission Company of Nigeria (TCN), Mr. Usman Gur Mohammed, on Wednesday announced that three containers of electricity transmission equipment were missing from the ports. He also revealed that one of the 775 containers recovered last week was empty. He made this disclosure to journalists in Abuja during a press conference. According…
Damilola Shittu – Abuja In his determination aimed at meeting Nigerians’ expectations in the oil and gas sector, the new Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has promised to fix the nations’ four refineries before the end of May 2023. He made the promise at the valedictory session organised…
By Oke Peter Recent findings have shown that Nigerian Electricity Distribution Companies (Discos) owe service providers, including the Transmission Company of Nigeria (TCN), a total of N263 billion. The service providers in the power sector include the Nigerian Electricity Regulatory Commission (NERC), the Nigerian Bulk Electricity Trading Plc (NBET), the Transmission Service Provider (TSP), the…
Esther Ajibola – Lagos Total Nigeria Plc has berated the multiple taxes imposed on corporate entities by both the federal and local governments in the country, even as it declares N5.7 billion dividend for the financial year ended December 31, 2018. Addressing shareholders at the 41st Annual General Meeting (AGM), held in Lagos, the Chairman,…
The Commandant of the Nigeria Security and Civil Defence Corps (NSCDC) in Lagos State, Mr Tajudeen Balogun, has said the agency has proposed to use drones to enhance its operations to tackle pipeline vandalism. The NSCDC commandant spoke just as the Nigerian National Petroleum Corporation (NNPC) said it had engaged community leaders to secure the…
Low LNG prices and pressing environmental challenges are becoming key drivers for the gas-to-power sector. But widespread adoption faces political and technological hurdles Gas-to-power technology has been presented as a potential panacea both for developing countries looking to wean themselves off coal, and developed countries seeking transition-friendly energy solutions. But uncertainties remain over who will…
By Oke Peter Smugglers of Premium Motor Spirit, popularly known as petrol, smuggle the commodity to as far as Burkina Faso, Mali and Cote d’Ivoire, the Nigerian National Petroleum Corporation (NNPC) said on Wednesday. The corporation also stated that the commodity was being smuggled to neighbouring Ghana, adding that this was largely due to the…
