Posts – Page 99 – Energy Worth Online

After UN appointment, FG reverses suspension of Rural Electrification Agency MD, Damilola Ogunbiyi

Energy Worth5 years ago5 years ago02 mins

Loveth Ikolodo Days after joining and beginning her new assignment as United Nations Secretary-General’s Special Representative for Sustainable Energy for All, the Nigerian Government has reversed the suspension of Damilola Ogunbiyi as Managing Director of Rural Electrification Agency. Ogunbiyi was suspended by Minister of Power, Sale Mamman, over undisclosed infractions in the agency. Following her…

Lekoil obtains $184m loan for OPL 310

Energy Worth5 years ago5 years ago02 mins

Jumoke Adelabu – Lagos Lekoil Plc says it has secured a $184m loan for the appraisal drilling and development programme of the OPL 310. The company said in a notice filed at the London Stock Exchange that as a condition for the provision of the facility, its Chief Executive Officer, Mr Lekan Akinyanmi, would pledge…

NUEE faults power sector privatisation

Energy Worth5 years ago5 years ago05 mins

The General Secretary, National Union of Electricity Employees (NUEE), Joe Ajaero, has declared that the power sector privatization, from onset was not meant to succeed. According to him, six years down the line, no megawatts have been added and no power plant has been built by either the investors or government. Ajaero, who stated that…

Kaduna deputy gov visits gas explosion victims, warns gas retailers

Energy Worth5 years ago4 years ago24 mins

The Kaduna State Deputy Governor, Dr Hadiza Balarabe, has called on those engaged in the sale of inflammable goods to move to areas that have been designated by the government for such business. The deputy governor made the call when she visited victims of Saturday’s gas explosion receiving treatment at Sabo, Barau Dikko and St…

Oil Bunkering: Nigerian Navy hands over 57 Nigerians, 7 Sri-Lankans, 2 Ghanaians to EFCC

Energy Worth5 years ago5 years ago05 mins

The Nigerian Navy (NN) on Friday handed over 57 Nigerians, seven Sri-Lankans and two Ghanaians, suspected to be involved in oil bunkering, to the Economic and Financial Crimes Commission (EFCC). The News Agency of Nigeria (NAN) also reports that the seven vessels, involved in the oil bunkering and having no valid approval, were arrested by…

Electricity billing: NERC orders DisCos’ transition to cashless billing, collection

Energy Worth5 years ago5 years ago03 mins

By Oke Peter AS part of its efforts to ensure optimal utilization of resources for the provision of electricity services, the Nigerian Electricity Regulatory Commission (NERC) on Tuesday, ordered the electricity distribution companies (DisCos) to transit into cashless collection of electricity bills. This is effective for industrial and commercial by 31st January 2020 and R3…

Happy New Year to our esteemed readers

Energy Worth5 years ago5 years ago01 mins

New year, new feels, new chances. Same dreams, fresh starts. Wishing you peace, love, health, and happiness in 2020. We thank you for journeying with us and do accept our best wishes for the year ahead. From all of us at Energy Worth Online.

Buhari appoints Ahmad REA MD

Energy Worth5 years ago5 years ago41 mins

By Oke Peter Following the suspension of Mrs Damilola Ogunbiyi as the Managing Director of the Rural Electrification Agency (REA) last week. President Muhammadu Buhari has appointed Engineer Ahmad Salihijo Ahmad as the new Managing Director and Chief Executive Officer (CEO) of the Agency. The Minister of Power, Engineer Mamman Sale broke the news in…

IOCs delay $58.4bn oil, gas projects in Nigeria

Energy Worth5 years ago5 years ago05 mins

Reports have shown that a number of oil and gas projects valued at $58.4bn are facing an uncertain future as international oil companies operating in the country have failed to sanction them several years after they were announced. Industry experts said the regulatory and security challenges in Nigeria, as well as the slump in global…

NNPC, JVs finally seal $10bn NLNG Train-7 deal

Energy Worth5 years ago5 years ago05 mins

Jumoke Adelabu – Abuja The Nigerian National Petroleum Corporation (NNPC) and its joint venture partners in the Nigeria Liquefied Natural Gas Limited on Friday took the Final Investment Decision on the commencement of the $10bn NLNG Train-7 project. Shareholders of the company took the FID on the Train-7 project in Abuja after about 12 years…

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