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    Wind power to supply 10% of US electricity by 2020

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

    AMERICA’s wind power sector is on track to provide 10% of the country’s electricity by 2020, according to the American Wind Energy Association.

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    *A major power grid

    Nigerians groan under worsening power situation

    The increase in the spate of pipeline vandalism, particularly of gas pipelines in Nigeria’s oil-rich Niger Delta, has compounded the nation’s power supply situation. Generation capacity recently dropped to a new low of about 600 megawatts, MW, thus throwing many areas into darkness, as residents national complain of barely receiving up to three hours electricity supply daily Residents in some localities visited by Vanguard including; Satellite Town, Ijegun, Waterside at Oriade, Tipper Garage, Okokomaiko, Ojo, Ebuta Metta, Idimu, Surulere, Festac, Akoka, Palm groove, Oke arin at Lagos Island, Orile, Amukoko, Ajegunle, Oko-Afo, and Ile-Ipo, both along the Badagry Road, all complained of worsening electricity supply situation.

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    Local content: Indigenous, foreign companies battle over implementation

    A WHOLLY indigenous oil services company, Ofserv Nigeria Limited, said that the non-implementation of the local content law could deprive indigenous companies the benefits for which the law was passed. Ofserv made the observation following what it called the non-compliance with memoranda of understanding, MOUs, by some foreign companies operating in Nigeria.

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    PTDF partners Brazil on oil, gas R&D

    The Petroleum Technology Development Fund, PTDF, said it is going into partnership with some institutions in Brazil, for sponsorship arrangement on scholars’ tuition and research in various oil and gas disciplines. This is in a bid to address the challenges confronting the petroleum industry and further proffer solutions by improving learned capacity to enforce such development.

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    Unfunded JVs: Nigeria faces loss of 750,000 bpd

    Nigeria may lose up to 750,000 barrels of oil daily over the next nine years due to inadequate funding of joint venture, JV operations and the federal government’s policy, industry expert said. Speaking to journalists on the production outlook for the oil industry in Nigeria, an executive of one of the international oil companies, IOCs , who preferred anonymity, painted a bleak future for the nation’s oil and gas sector.

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    Vandals5

    Okwuosa seeks multi-dimensional approach to curb pipeline vandalism

    Given the complexity of attacks, an industry expert, Mr. Emeka Okwuosa has called for the adoption of a multi-dimensional approach to effectively curb the resurgence of pipeline vandalism. Recent attacks on oil and gas pipelines have cost Nigeria almost half of its daily crude oil production, in addition to denying power generating plants the needed gas supply, thereby depressing the nation’s electricity output to a new low of about 600 megaawatts in the past week.

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    Energy

    FG partners ministries on power devt

    THE Federal Government has reiterated its commitment to ensuring improved power supply in Nigeria, as it plans to partner with ministries in other sectors of the economy. The Minister of Power, Works and Housing, Mr. Babatunde Fashola, who made this known at a public lecture, recently, said: “We are working round-the-clock within the ministry, and with other ministries like Solid Minerals, Water Resources and Ministry of Environment.

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    *A major power grid

    Oando tackles electricity challenges in the North

    IN line with fulfilling gas supply requirement for power supply, Oando Gas & Power Limited, OGP, has commenced development of a mini liquefied Natural Gas, LNG, facility. The company said the facility through its Transit Gas Nigeria Limited (TGNL) subsidiary in Ajaokuta, Kogi State, will also address challenges ranging from embedded generation and industrial clusters in the Northern region, as well as stranded customers in the South.

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    *Oil Vandals

    Nigeria loses N5.724trn annually to crude theft, piracy, vandalism- Chatham House

    LONDON think-tank, Chatham House, has reported Nigeria’s economy may be heading for harder times, as it loses over N5.724 trillion annually to oil theft, fraud and piracy in the country’s oil industry. Quoting the report, the United States’ Deputy Ambassador to the United Nations, UN, Ms. Michele Sison, put the overall damages incurred by Nigeria’s oil industry at about $1.5 billion each month, translating to N5.724 trillion annually.

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