By Oke Peter An indigenous business concern, Proton Energy, has expressed determination to boost Nigeria’s power generation base with a 150MW plant located in Delta State. Delta State Governor, Dr Ifeanyi Okowa, on Thursday, performed the groundbreaking ceremony of the $250million gas-fired power generation plant in Ogoprode-Sapele in Sapele Local Government Area of the state….
By Oke Peter The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said the Federal Government will consult Nigerians before going ahead to sell its 40 per cent stake in the electricity distribution companies. Fashola stated this in Lagos, on Thursday, at a policy dialogue on the power sector organised by the Lagos…
By Oke Peter The Nigerian National Petroleum Corporation (NNPC) has disclosed that the demand for the nation’s crude oil outstrips the current supply. Last year, Nigeria saw a resurgence of militant attacks in the Niger Delta that caused the nation’s oil production to plummet to a near 30-year low of 1.4 million barrels per day…
By Oke Peter The hope of Nigerians getting constant electricity supply may not become reality sooner, due to three major reasons. These issues are systemic and fundamental and it seems it has defied workable solution. First is the regulatory hitch, the supervisory organ in charge of the country’s power sector, Nigerian Electricity Regulatory (NERC) has…
By Oke Peter ExxonMobil has announced that it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and Midland Basins, the new acreage adds to the company’s existing 6 billion barrels of oil…
By Oke Peter ExxonMobil has announced that it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and Midland Basins, the new acreage adds to the company’s existing 6 billion barrels of oil…
By Oke Peter Statoil has unveiled plans to increase its investment in Nigeria with more than $10 billion, having set a goal to satisfy the country’s growing population’s demand for increased energy with natural gas. The move would further bring progress to the undeveloped Nnwa-Doro deep offshore field, raise more stakes in Agbami field and also…
Minister of Power, Works and Housing, Mr. Babatunde Fashola By Oke Peter The Minister of Power, Works, and Housing, Mr. Babatunde Fashola, has disclosed that China has set finance the construction of a project that would become Nigeria’s largest hydro power plant – the 3,050 megawatts (MW) Mambilla plant – through an export-import financing model….
The management of Petroleum Technology Development Fund (PTDF) on Tuesday, urged the oil and gas operators in Nigeria to collaborate more with public agencies with experience on research and development. The General Manager, Strategic Planning, Research and Documentation, Mr Jide Adebulehin, gave the advice in an interview with the News Agency of Nigeria (NAN) in…
The Oil Trading and Logistics (OTL) Africa Downstream has announced that its 2017 Expo will hold from 22 – 25 October 2017, at the Oriental Hotel in Lagos.The Downstream Conference 2017 will offer over 2000 delegates, speakers, exhibitors and special guests opportunities for high-level networking, business match-making and learning. The conference, traditionally sets agenda for engagement…
