Energy Worth with Agency Report Experts have cautioned against undue optimism over the three-point strategy unfolded by the Federal Government to end gas flare by 2020, insisting that elusive strategies and other inherent challenges, would ensure that the desire remains a pipe dream. To further illustrate their pessimism, they say there is no way the…
By Energy Worth The Minister of Power, Works and Housing, Babatunde Fashola has hailed the new chairman of the Nigerian Electricity Regulation Commission (NERC), as a patriotic Nigerian who left the comfort of the United state to return back home and help fix issues in the country. Fashola made this statement during the inauguration ceremony…
Professor James Momoh was recently sworn-in as Executive Chairman of NERC, almost three years after the commission had its last substantive executive head. Chineme Okafor looks at the promises of the new chairman and the expectation from the electricity industry The new executive chair of the board of commissioners of the Nigerian Electricity Regulatory Commission…
By Energy Worth The Nigerian National Petroleum Corporation (NNPC) has disowned a recruitment advertisement currently trending in the social media. The advertisement, set in NNPC’s corporate colour with its logo, invites candidates with background in Sciences, Engineering, Business/Finance, Social Sciences, Arts/Humanities as well as Medical/Health Sciences to apply, giving required educational attainments of prospects to…
United States oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supply. According to the News Agency of Nigeria (NAN), Brent crude oil futures were at $75.59…
By Energy Worth Power supply worsened over the past week as generation fell by over 1,000 megawatts amid violent rainstorms sweeping through the country. Power generation stood at 3,192.20MW as of 6am on Sunday, according to data from the Nigeria Electricity System Operator (NESO). From 4,339.10MW as of 6am on Monday, April 30, the total…
Between January 1 and May 5 this year, the power sector lost about N154bn as a result of the unavailability of gas, distribution and transmission infrastructure, as well as water reserve challenges, the Federal Government has said. A document on Nigeria’s power sector performance put together by the Advisory Power Team at the Office of…
By Oke Peter The Senate, on Thursday, urged the Niger Delta Power Holding Company (NDPHC) to reinstate Mrs Maryam Mohammed and pay her entitlements since June 2016, when she was ‘wrongfully’ sacked. The resolution came after adoption of recommendations of the Senate Committee on Ethics, Privileges and Public Petition. The matter was referred to the…
A leading downstream oil and gas company, OVH Energy, has announced the commencement of its creative writing competition in commemoration of the World Creativity and Innovation week which took place from April 15-21, 2018. This competition is the 2nd edition of the company’s Prodigy series titled “So You Think You Can Write”. The Prodigy Series…
By Oke Peter The Nigerian Electricity Regulatory Commission (NERC), on Thursday stated that it would take another look at tariff computation in order to address the various concerns surrounding the issue. According to NERC’s newly inaugurated Chairman, Professor James Momoh, all necessary calculations on electricity tariff will be done by the commission to get the…
