Tuesday, January 31, 2023

Kayode Ekundayo

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24/7 power supply: EU, German Govt present Premium Grids Concept to Nigeria 

The Premium Grid model, developed  the Nigerian Energy Support Programme (NESP),combines franchising projects and embedded generation in ring-fenced areas for supplying reliable 24/7 electricity to customers. 

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.

Nigeria engages Wood Mackenzie for seven deep offshore blocks bid process

He noted that the the Mini Bid Round is a market-driven programme expected to outperform the last bid round which held in April 2007 during which a total of 45 blocks were put on offer under a different regulatory regime (the Petroleum Act, 1969). 

NNPC to commence oil drilling in Nasarawa state

It said the discovery was in continuation of its oil exploration activities in the country’s inland basins, adding that it would spud the first oil well in Nasarawa State in March 2023.

2022 Mini bid round: Nigeria invites applications for seven oil blocks 

A dedicated programme portal (br.nuprc.gov.ng) for the Mini Bid Round has been published by NUPRC which provides details of the bid round process, including the registration and prequalification requirements, and detailed guidelines for applicants. 

NCDMB partners 15 firms on modular refineries, gas processing, power generation

“We have partnered with credible investors to develop critical projects in the sector to take Nigeria towards the goal. It is worthy of note that 70 percent of our investments are on gas-based activities, especially midstream and downstream gas. Our investments underscore the importance of gas to Nigeria’s economic sustainability, apart from its role in the energy transition,” he said.

AKINYANMI RETAINS LEKOIL’s OWNERSHIP 

The amicable settlement was reached last week by the parties with Lekoil Limited agreeing to terminate all legal proceedings and settle all claims made by or between the relevant participants.

NIMASA dispatches 235 NSDP beneficiaries to India, Greece

While acknowledging some teething challenges experienced by the NSDP scholarship scheme in the earlier Phases, the NIMASA DG noted that all grey areas have been addressed to ensure a better deal for both beneficiaries and the Nigerian Government.

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.

Lekoil Nigeria, Cayman subsidiary settle rift

The parties have been in dispute since early 2020 in connection with a number of matters including the rights of Lekoil Cayman under the shareholders agreement in respect of the Company, the various inter- company loans granted by Lekoil Cayman to Lekoil Nigeria and its related entities.

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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.