The once-giant crude nation whose output plunged in the past decade is enticing the world’s richest explorers with cut-rate prices for drilling rights to its most coveted offshore fields. The Jan. 31 auction for access to 29 deepwater tracts comes as $70/bbl crude lifts foreign drillers from the worst market slump in decades. ExxonMobil Corp.,…
By Energy Worth with Agency ReportThe Kaduna Refining and Petrochemical Company (KRPC) shut down operations on January 15 due to the non-availability of crude oil.The Executive Director, Services, of KRPC, Abdullahi Idris, disclosed this to the News Agency of Nigeria (NAN) in Kaduna.He said the refinery, whose fuel plant was inaugurated in 1980, was functioning…
*Alhaji Aliko Dangote, President, Dangote Group. Kano State government has handed over 150 hectares of land to Dangote Group for the development of a United States $150m Dangote/Black Rhino solar power plant in Zakirai, Gabasawa local government area.Managing Director, Stakeholder Management Dangote Group, Alhaji Bello Danmusa received the land on behalf of Aliko Dangote.The handing…
By Energy Worth Africa’s top oil producer is learning to ignore crude prices, Nigeria’s Finance Minister Kemi Adeosun said. “We’ve gotten to a point where we don’t care,” whether oil prices will be sustained at the level that they have recently risen to, Adeosun said during an interview in her office in the capital, Abuja….
By Oke Peter President Buhari has pledged to spend the income accruing to the country from the rising oil prices in the international market on infrastructural development. Receiving a delegation from Eni Group, led by the Chief Upstream Officer, Antonio Vella, the President said extra funds outside the provision of this year’s budget “will be…
The Gulf Quest LLC has announced that Total’s Benoit Ludot, V.P. of deep water and subsea, upstream, will deliver a keynote presentation at the Marine Construction Engineering Deepwater Development (MCEDD) conference on April 10, 2018 in Milan, Italy.Ludot’s presentation is titled “The future, beyond today, for ultra-deep offshore, ultra-harsh metocean environments through achievements in cost…
*The President, Africa Development Bank (AfDB), Dr Akinwumi Adesina, By Energy Worth Senior Director, Research and Development Nigeria Country Office of African Development Bank (AfDB), Mr. Faal Ebrima, has said that the bank will focus mostly on the power sector in 2018. Faal said this at an interactive session with newsmen at its first regional…
By Energy Worth Enugu Electricity Distribution Company (EEDC) has emerged overall first position in the 2017 Nigerian Electricity Management Services Agency (NEMSA) Safety ranking; a remarkable leap from its fifth position in the 2016 NEMSA Safety ranking.The ranking was released by NEMSA in its Disco & TCN Ranking Trend for the year 2017 at the…
By Energy Worth The Federal Government has concluded plans to involve more Nigerians in meter manufacturing in order to boost revenue for the power sector to be able to expand capacity most especially in the distribution aspect in the electricity value chain.The Minister of Power, Works and Housing, BabatundeRaji Fashola SAN, stated this in Lagos recently…
From left,, Governor Aminu Masari of Kastina State ; Governor Abdul’aziz Abubakar Yari of Zamfara State and Governor Simon Lalong of Plateau State responding to questions from State House Correspondent shortly after the meeting with President Muhammadu Buhari at the Presidential Villa , Abuja on Thursday. The Nigeria Governors’ Forum (NGF) on Thursday in Abuja,…
