Tuesday, January 31, 2023

Latest News

Transcorp Power adds 138MW to national grid, commissions rehabilitated GT Unit 20

Chief Executive Officer, Transafam Power Limited, Engr. Vincent Ozoude, expressed delight about the newly rehabilitated unit, which is able to power up to 100,000 homes in a year. 

Fuel scarcity: Oil workers threaten action, want fuel available at approved price

The union in a statement, urged the NMDPRA to compel all marketers and retailers to make the products available at approved price. 

Friesland Campina reconnects to Ikeja Electric after 22 years 

According to the Acting Head of Corporate Communications Ikeja Electric, Kingsley Okotie, the reconnection of Friesland Campina back to the grid was achieved through relentless effort of the Business Optimization team of Ikeja Electric.  

Egbin Power, Sahara Foundation upgrade Ijede Police station

The project, according to a statement, is in keeping with Egbin Power’s commitment to enhancing infrastructure development, socio-economic growth, and effective policing to promote safety and security in the company’s host communities.

UBA Appoints Abiola Bawuah As First Female CEO For Africa Operations 

Prior to her appointment, Bawuah was Regional CEO, West Africa, supervising the Group’s operations in nine subsidiaries, including Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone. She previously held the role of CEO, UBA Ghana. 

Old Naira exchange: 10 days inadequate to make up CBN’s shortcomings- Expert

Economic analyst, Muda Yusuf, has said that 10 days extension to swap old Naira notes by the Central...

Business

CBN Gov, Emefiele unveils Nigerian National Domestic Card Scheme ‘AFRIGO’

Unveiling the first Central Bank-led domestic scheme card scheme in Africa in a virtual ceremony on Thursday, January 26, 2023, Emefiele said the new card scheme, done in collaboration with the Nigeria Inter-bank Settlement System (NIBSS), would provide more options for domestic consumers while also promoting the delivery of services in a more innovative, cost-effective and competitive manner.

UPSTREAM

NUPRC offers seven offshore oil blocks for sale

According to a statement by NUPRC’s Chief Executive, Engr. Gbenga Komolafe, the Mini Bid Round is an opportunity to spur new exploration and drilling activities in the prospective deep waters offshore Nigeria.

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HAVE YOU SEEN THIS?

Mega gas discovery for Chevron offshore Egypt

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, has confirmed that the US super major Chevron has made a significant...

TCN RESTORES NATIONAL POWER GRID AFTER PARTIAL SYSTEM DISTURBANCE

The restoration of the affected part of the grid, according to a statement, commenced immediately at 11.55am with Osogbo/Ihovbor back to the grid followed by Jebba/Osogbo, Kainji/Jebba, Benin/Onisha, Shiroro/Kaduna, Shiroro/Katampe, and Alaoji/Ikot-Ekpene. Others are Lokoja/Gwagwalada, Odukpani/Ikot Ekpene, Benin/Omotosho, Oke-Aro/Ikeja west, Egbin/Oke-Aro and Kaduna/Kano.

NNPC denies exporting 17.877m barrels of oil without proper documentation

The Nigerian National Petroleum Company Limited (NNPC) has debunked an allegation exported 17.877 million barrels of crude oil...

NDPHC decries incessant vandalisation of power transmission facilities

“We will be relentless in hunting these vandals down, particularly those who assassinated the young man.”

NERC Sets July 1 for GenCos to attain 5GW Generation Capacity

But now, the entire value chain has committed to signing contracts to meet the power needs of electricity consumers. GenCos will sign contracts with gas producers to buy gas to produce.

NNPC/CNL JV secures $1.4bn financing for drilling 37 wells offshore, onshore Escravos

The Project includes the drilling of 37 wells in the offshore and onshore Escravos area, according to a statement signed by the General Manager, Policy, Government and Public Affairs, E.O. Brikinn

Latest Reviews

Transcorp Power adds 138MW to national grid, commissions rehabilitated GT Unit 20

Chief Executive Officer, Transafam Power Limited, Engr. Vincent Ozoude, expressed delight about the newly rehabilitated unit, which is able to power up to 100,000 homes in a year. 

Fuel scarcity: Oil workers threaten action, want fuel available at approved price

The union in a statement, urged the NMDPRA to compel all marketers and retailers to make the products available at approved price. 

Friesland Campina reconnects to Ikeja Electric after 22 years 

According to the Acting Head of Corporate Communications Ikeja Electric, Kingsley Okotie, the reconnection of Friesland Campina back to the grid was achieved through relentless effort of the Business Optimization team of Ikeja Electric.  
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DOWNSTREAM

Fuel scarcity: Buhari sets up 14-member committee

To further ensure sanity in the supply and distribution across the value chain, Sylva directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure strict compliance with the government approved ex-depot and retail prices for PMS.

Energy Editors demand immediate end to  fuel scarcity

NAEC ,therefore, recommends that NNPCL should ensure a transparent subsidy system that will allow the supply figures and cost templates that provide basis for subsidy claims to be verifiable.

NNPC adjusts pump price to N185, Oil majors N195 per liter 

ENERGY TIMES investigation revealed that most NNPC’s outlets in the Lagos metropolis have adjusted their pump prices to N185 per liter. 

Nigeria: Dialogue, negotiations for fuel price deregulation must begin now – MOMAN

Adeosun who was speaking at the quarterly webinar workshop organized for Energy Editors and correspondents, noted that as a country, Nigeria must begin the process of price deregulation to reduce this inefficient subsidy.

MIDSTREAM

NLNG declares force majeure on product supplies

“Consequently, NLNG activated force majeure clauses in accordance with the Sales and Purchase Agreements (SPA) provisions.

Savannah Energy seals gas sales deal with Notore Chemical

Savannah Energy Plc, the company's 80 per cent indirectly owned subsidiary, Accugas Limited, said it had entered into a new Gas Sales Agreement (GSA) with Notore Chemical Industries Plc.

NMDPRA begins review of petroleum regulations, meets industry players

He said the review was in fulfillment of the provisions of Sections 33 and 216 of the PIA 2021.

NNPC, Sahara to construct jetties to boost cooking gas supply

Managing Director, WAGL Energy Limited, Emmanuel Ubani, said in a statement made available to journalists on Sunday by Sahara Energy that discussions were already at advanced stages for the first in the lot.
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NNPC Posts Crude Oil & Gas Export Receipts of $378.42m in June

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NPDC Eyes 600mmscf/d of Gas Supply to Domestic Gas Market

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Buhari renews NDPHC’s MD, Ugbo, EDs tenure for another four years

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NNPC Becomes EITI Partner Company

The Nigerian National Petroleum Corporation (NNPC) has become an Extractive Industries Transparency Initiative (EITI) partner company, joining a group of over 65...

New NLNG Board Chairman Inaugurated

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Antipiracy War: Nigeria Secures Premier Conviction under SPOMO ACT

The Federal High Court in Port Harcourt has convicted three persons accused of involvement in the hijack of an Equatorial Guinean flagged...

Dangote Refinery, NDE Empower 200 Ibeju-Lekki Youths

The Dangote Refinery Group in collaboration with the National Directorate of Employment (NDE) has began a six-month skills’ acquisition programme for the...

FG Inaugurates Gas Transportation Network Code to Boost Gas Penetration

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NNPC Signs Pact with Partners to Resolve OML 130 Dispute

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Elumelu’s firm completes acquisition of 30% stake in SPDC’s OML 17

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Most Popular

Transcorp Power adds 138MW to national grid, commissions rehabilitated GT Unit 20

Chief Executive Officer, Transafam Power Limited, Engr. Vincent Ozoude, expressed delight about the newly rehabilitated unit, which is able to power up to 100,000 homes in a year. 

Fuel scarcity: Oil workers threaten action, want fuel available at approved price

The union in a statement, urged the NMDPRA to compel all marketers and retailers to make the products available at approved price. 

Friesland Campina reconnects to Ikeja Electric after 22 years 

According to the Acting Head of Corporate Communications Ikeja Electric, Kingsley Okotie, the reconnection of Friesland Campina back to the grid was achieved through relentless effort of the Business Optimization team of Ikeja Electric.  

Egbin Power, Sahara Foundation upgrade Ijede Police station

The project, according to a statement, is in keeping with Egbin Power’s commitment to enhancing infrastructure development, socio-economic growth, and effective policing to promote safety and security in the company’s host communities.

UBA Appoints Abiola Bawuah As First Female CEO For Africa Operations 

Prior to her appointment, Bawuah was Regional CEO, West Africa, supervising the Group’s operations in nine subsidiaries, including Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone. She previously held the role of CEO, UBA Ghana. 

Old Naira exchange: 10 days inadequate to make up CBN’s shortcomings- Expert

Economic analyst, Muda Yusuf, has said that 10 days extension to swap old Naira notes by the Central...

CBN extends exchange of old Naira notes by 10 days

The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days.