Monday November 24th, 2014
Monday November 24th, 2014
Latest

Nigeria loses gas investments to other African countries — Report

  /   in Energy 12:59 am   /   Comments

gas

Nigeria remains Africa’s largest gas consumer and producer, but the focus for new gas projects is shifting to the east coast and to the huge offshore discoveries in Mozambique and Tanzania, the World Energy Outlook Special report 2014 just released has stated.

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Latest

Extractive industry: NMGS eyes increased contribution to economic devt 

  /   in Energy   /   Comments

File Photo

The Nigerian Mining and Geosciences Society (NMGS) has promised to ensure that the entire gamut of the Nigerian extractive industry gets a boost for an increased contribution to the growth of the national economy

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Latest

FG, American investors sign MoU on 1,200MW solar power project

  /   in Energy   /   Comments

*A major power grid

A consortium of American Investors in renewable energy, under the auspices of MOTIR SEASPIRE has signed a Memorandum of Understanding, MoU, with the federal government to deliver 1,200MW of solar-powered electricity in Nigeria within the next two years.

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Latest

Electricity: MAN cries out over high tariff, fixed charges

  /   in Energy   /   Comments

electricity

The Manufacturers’ Association of Nigeria, MAN, has cried out to the Federal Government to review the multi-year tariff order, MYTO II, released in June 2014, containing the discriminatory fixed and average charges, saying the charges are suffocating the sector.

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Latest

Power firms to pay N225m for connection to TCN network

  /   in Energy   /   Comments

Electricity-new

The Transmission Company of Nigeria, TCN has fixed a charge of about N225 million for power firms seeking to modify their connection to its transmission network across the country and also for firms seeking to connect to the network for the first time.

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Latest

FG to pay oil marketers outstanding arrears

  /   in Energy   /   Comments

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has pledged to intervene and ensure that outstanding arrears of fuel subvention owed to petroleum marketers are paid before the end of this month.

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Latest

Oil: Nigeria facing stiff competition from East African countries

  /   in Energy   /   Comments

refinery-7

Apparently referring to the non passage of the petroleum industry bill, PIB, the Managing Director of Total Upstream Company in Nigeria, Elizabeth Proust, said that Nigeria is fast losing oil exploration investments to East African countries.

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Latest

Ex-SGF hails Jonathan on power sector reforms

  /   in Energy 12:00 am   /   Comments

electricity-NIGERIA

A former Secretary to the Government of the Federation, SGF, Mahmud Yayale Ahmed said the present administration has made remarkable strides in the power sector road map, which set the tone for reforms in power.

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Latest

Estimated billing: FG licenses 138 companies to provide meters

  /   in Energy 5:01 am   /   Comments

Prepaid meters

The Federal Government has given approval to about 138 companies to function as Metering Service Providers in the Nigeria power sector.

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Latest

Greenhouse gas levels at highest point in 800,000 years, says IPCC report

  /   in Energy   /   Comments

A liquefied natural gas carrier arrives at an Exxon Mobil terminal off Porto Levante.

The world’s top scientists have given their clearest warning of the severe and irreversible impacts of climate change.

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Latest

Extractive industry: NMGS eyes increased contribution to economic devt 

  /   in Energy   /   Comments

File Photo

The Nigerian Mining and Geosciences Society (NMGS) has promised to ensure that the entire gamut of the Nigerian extractive industry gets a boost for an increased contribution to the growth of the national economy.

Read More →
Latest

TEM to take off before the end of 2015, says Power Minister

  /   in Energy   /   Comments

electricity

If the assurances of the Minister of Power, Professor Chinedu Nebo are anything to go by, the much awaited transitional electricity market, TEM, would come into effect before the end of 2015.

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Latest

Youth apprenticeship scheme to bridge skills gap in power sector, says Jonathan

  /   in Energy   /   Comments

President Goodluck Jonathan

President Goodluck Jonathan has said that the National Power Sector Apprenticeship Scheme, NAPSAS, would close the existing skills gap created by many years of embargo on recruitment in the nation’s power sector.

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Latest

Electricity: MAN cries out over high tariff, fixed charges

  /   in Energy   /   Comments

prepaid-meters

The Manufacturers’ Association of Nigeria, MAN, yesterday cried out to the Federal Government to review the multi-year tariff order, MYTO II, released in June 2014, containing the discriminatory fixed and average charges, saying the charges are suffocating the sector.

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Latest

Sea Truck gets N40bn facility from Access Bank

  /   in Energy   /   Comments

gas lines

Access Bank Plc has granted a $250 million credit facility to Sea Truck Group, an international group of companies offering offshore installation, accommodation and support services to the oil and gas industry worldwide.

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Latest

FG grants energy firms N20bn waivers

  /   in Energy 2:25 am   /   Comments

Electricity-new

The Federal Government granted about N19.662 billion in waivers and exemption to energy firms in the country in five months, between January and May 2014.

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Latest

Ghana to cut gas import from Nigeria

  /   in Energy   /   Comments

gas tanks

Ghana has announced plans to significantly reduce the quantity of gas it purchases from Nigeria in the next couple of months through increased local gas production.

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Latest

Power supply: Instability suffocates polymer industries

  /   in Energy   /   Comments

*A major power grid

The incessant poor electricity supply experienced over time in Nigeria has left polymer industries in comatose, Mr. Joseph Imanah, National President of Polymer Institute of Nigeria, PIN, said.

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Latest

Rights group condemns neglect of host communities

  /   in Energy   /   Comments

*Oil Vandals

An international organisation, Global Rights, has slammed the Federal Government over the Mineral and Mining Act by not protecting and providing basic amenities for host communities.

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Latest

Vandalism can increase risk in oil price instability — NAPE

  /   in Energy   /   Comments

*Oil Vandals

The Nigerian Association of Petroleum Explorationists, NAPE, has called for stricter sanctions on oil vandals, if the target in production of crude in the country has to be met.

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Latest

NERC gives Discos ultimatum to meter customers

  /   in Energy   /   Comments

Nigerian Electricity Regulatory Commission, NERC, has given the distribution companies, Discos, two weeks within which to provide electricity consumers whose meters are yet to be delivered months after payment with the products.

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Latest

FG inaugurates committee on Ogoniland

  /   in Energy   /   Comments

OIl spill

The Federal Government has established a Multi-stakeholder Consultative Committee aimed at fast tracking the environmental restoration of Ogoni land, as proposed in the United Nations Environment Programme, UNEP Report.

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Latest

Oil prices: Save for rainy days, expert tells govt

  /   in Energy   /   Comments

A refinery

The impact of the falling oil prices may not be felt much on the Nigeria economy, if the government imbibed saving culture, said Mr. Bekuochi Nwawudu, the Director of CBO Capital, a Lagos-based investment advisory and project development.

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Latest

CASE FOR LEGALISATION OF ILLEGAL REFINERIES: We can make petrol sell below N97 per litre – Titi Governor

  /   in Energy 12:16 am   /   Comments

oil-suspects

Activities of operators of illegal refineries have been blamed for the drastic drop in crude oil production. Illegal refining and crude theft have grown beyond the Niger Delta. To stop the trend, several billions of Naira has been expended to secure pipelines and fight oil bunkerers.

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Latest

Nigeria, sub-Saharan Africa, account for 30% global oil discoveries

  /   in Energy 1:54 am   /   Comments

Africa

Almost 30 percent of global oil and gas discoveries made over the last five years were in sub-Saharan Africa, reflecting growing global appetite for African resources, the World Energy Outlook Special Report said.

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Latest

India to pay Iran $500m next week

  /   in Energy   /   Comments

Indian refiners will pay $500 million to Iran next week, the second installment in an interim deal that allows Tehran to recover part of overseas frozen oil revenues that are payments for oil it has sold, two industry sources said in Friday.

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Latest

Minister tasks Abuja Disco on power supply

  /   in Energy   /   Comments

electricity

The Minister of Power, Prof. Chinedu Nebo, has charged the Abuja Electricity Distribution Company, AEDC, to urgently address the epileptic power supply in the entire Federal Capital Territory, FCT, Abuja and its environs.

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Latest

Nigeria earns N69bn from LPG sales

  /   in Energy   /   Comments

Offshore gas facility

Nigeria earned about N68.957 billion from lifting Liquefied Petroleum Gas, LPG, for both export and domestic consumption in 2013, the Nigerian National Petroleum Corporation, NNPC, has revealed.

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Latest

Lagos flags off energy academy

  /   in Energy   /   Comments

Lagos-Oil

Lagos State Governor, Babatunde Fashola, has formally commissioned the Lagos Energy Academy, to groom electricity professionals while inducting the first batch of its students.

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Latest

FG signs MoU with 3 power companies

  /   in Energy   /   Comments

*The Federal Government has failed on its promise to achieve the target of 6,000 Mega Watts (MW) of electricity generation last December

The Federal Government has signed Memoranda of Understanding, MoU, with three power firms – 3D Hitech System Ltd, SEPCOIII Electric Power Construction Corporation, and CGC Nigeria Ltd, with a view to boosting generation, distribution, and supply in Nigeria.

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Latest

FG ready to declare power transition market

  /   in Energy   /   Comments

Electricity-new

After being postponed for a number of times, the Federal Government has indicated strong readiness to declare the commencement of the Transitional Electricity Market, TEM.

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Latest

Nipco identifies workers as key to success

  /   in Energy   /   Comments

refinery-7

Nipco Plc, an integrated indigenous operator in the nation’s oil and gas industry, has identified its staff as a key component in its success story since it commenced commercial operations in 2004.

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