Friday August 29th, 2014
Friday August 29th, 2014
Latest

FG to phase-out heavy energy consuming devices

  /   in Energy 9:15 am   /   Comments

File photo

ABUJA: The National Council on Power, NCoP, has mandated the Ministry of Power to collaborate with relevant agencies to develop a national policy on energy efficiency and conservation.

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Latest

Poor petroleum contributions may threaten general election

  /   in Energy   /   Comments

A refinery

Analysts at FBN Capital Limited have bemoaned the negative correlation between Nigeria’s oil output and economic development, saying the oil sector has contributed negatively to the growth of the Nigerian economy.

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Latest

Nigeria not ready for bilateral trade in electricity — MAN

  /   in Energy   /   Comments

naira-Dollar

By Nkiruka Nnorom The Nigerian Bulk Electricity Trader, NBET, has not demonstrated the readiness to midwife bilateral trading in electricity, said the Chairman, Manufacturers Association of Nigeria, MAN Apapa branch, Mr Babatunde Odunayo. This is even as some private sector companies are already developing the interest and capacity to sell power to the distribution companies,

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Mining: Use of explosives under control — FG

  /   in Energy   /   Comments

File Photo

ABUJA- THE Minister of Mines and Steel Development, Mr. Musa Sada, has reassured that explosives used by operators in the mining sector are under control and close watch.

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Latest

Cement coy decries shortage of power supply

  /   in Energy   /   Comments

Cement

By Chris Ochayi The Chairman of the Cement Company of Northern Nigeria Plc, Alhaji Abdulsamad Rabiu, has decried the high cost of electricity to power production equipment in his factory. Rabiu, who spoke with newsmen on the sideline of the company’s 35th Annual General Meeting, AGM, in Abuja, regretted that despite the high cost, the

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Latest

NAPTIN, NERC differ on embedded power

  /   in Energy   /   Comments

Electricity-new

Federal Government’s quest to tackle the perennial power shortages in the country may not be achieved soon, as two key organs of the government differ on embedded generation.

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Latest

Chevron identifies successes of community interventions

  /   in Energy   /   Comments

File photo: A rally to mark HIV/Aids Day.

The local unit of US oil major, Chevron Nigeria Limited, CNL, has said that its relationship and intervention with communities in its areas of operations are based on a tripod.

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Latest

Brazil now highest buyer of Nigeria’s crude

  /   in Energy 3:05 am   /   Comments

CRUDE-OIL

Brazil has overtaken India as the largest buyer of Nigeria’s crude oil, spending $990.09 million, about N158.414 billion on the purchase of crude oil from Nigeria.

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Latest

Genesis Electricity wins 2014 Africa Utility award

  /   in Energy   /   Comments

electricity

Genesis Electricity Ltd, GEL, has been declared the African Power Utility of the year at the Africa Utility Week Awards.

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Latest

Flaring must be unattractive for total flare out

  /   in Energy   /   Comments

gas-flaring

To put an end to the recurring issue of gas flaring in Nigeria’s oil and gas sector, the Federal Government should make the practice unprofitable by enforcing stringent penalties against defaulting companies.

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Latest

Collaboration, key to sustaining independent operations in Nigeria

  /   in Energy   /   Comments

economy

Given the technical capacity and huge funding required, there is the need for collaboration between Nigerian independents and the multinationals to sustain operations in the sector, the Managing Director of Seplat Petroleum Development Company, Mr. Austin Avuru, has said.

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Latest

Nigeria missing from global coal output

  /   in Energy   /   Comments

File Photo

Despite the enormous deposits of coal in the country, Nigeria is not yet reckoned with in the global coal production and consumption, as the Statistical Review of World Energy 2014, made no mention of the country’s coal potential.

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Power minister warns against inter-agency rivalry

  /   in Energy   /   Comments

The Minister of State for Power, Mr. Mohammed Wakil, has warned agencies within the ministry against infighting and confrontations, advising that “only collaboration and positive interface can speed up attainments of the goals of the power sector reforms.”

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Latest

Nigeria loses N32bn to gas-flaring

  /   in Energy 1:11 am   /   Comments

*Gas flare

Nigeria lost $198.775 million, about N31.8 billion, in one month to gas flaring, as companies in the oil and gas sector flared 50.098 billion Standard Cubic Feet (SCF) of gas in February 2014.

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Latest

Ughelli power’s N65bn investment raises capacity to 420MW

  /   in Energy   /   Comments

Electricity-new

The core investor of Ughelli Power Plc has invested N65 billion into the power plant, raising the capacity from 170 megawatts, MW to 420MW since the handover of the Power Holding Company of Nigeria, PHCN, assets to successor companies in November 2013.

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Latest

Why Nigerian gas sector has not developed

  /   in Energy   /   Comments

Gas-energy

Why has Nigeria, with 179 trillion cubic feet of proven gas reserves not developed its gas sector since feedstock industries such as fertiliser could drive the economy?

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Latest

FG to inaugurate power council to tackle challenges

  /   in Energy   /   Comments

electricity-NIGERIA

Barring unforeseen developments, the Federal Government has concluded arrangements to inaugurate a National Council of Power, NCOP, this week, in Abuja.

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Latest

Mines ministry revokes 600 licences

  /   in Energy   /   Comments

Sand mining

ABUJA- THE Ministry of Mines and Steel Development at the weekend revealed that it had revoked 600 mining licences for non-compliance with the relevant laws guiding mining operations in the country.

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Latest

Nigeria, others record largest gas production decline

  /   in Energy   /   Comments

oil-gas

Nigeria, India and Norway, recorded the largest volumetric decline in gas production, the Statistical Review of World Energy 2014, has revealed, amid global production growth of 1.1percent, well below the 10-year average of 2.5 percent.

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Latest

Total harps on pipeline integrity, facility optimisation

  /   in Energy   /   Comments

gas

One of the messages brought by the TOTAL Group to the just concluded conference and exhibition of the Society for Petroleum Engineers, SPE, is the need to enhance pipelines integrity through a robust repairs system.

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Latest

Sharp practices: Eko DISCO develops code of conduct

  /   in Energy 12:45 am   /   Comments

electricity

Eko Electricity Distribution Company, EKEDC (Eko Disco) said it has developed a new code of conduct for its staff, warning that it will not hesitate to sanction any of its personnel engaged in unethical conducts, especially against its customers.

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Latest

FG lauds Nigerian content achievements

  /   in Energy   /   Comments

refinery1

The Federal Government has commended the achievements of the Nigerian Content Development and Monitoring Board, NCDMB, within its four years of existence, describing the agency as a major contributor to the transformation agenda of President Goodluck Ebele Jonathan.

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Latest

NERC explains revision of fixed charges

  /   in Energy   /   Comments

electricity-NIGERIA

The Nigerian Electricity Regulatory Commission, NERC, has said the order to revise the conditions for the fixed charge was made in response to complaints by electricity customers on irregular supply with agitations on the cost of providing such service, arising from the MYTO 2.

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Latest

ALSCON: BPE absolves Russian investor of asset-stripping

  /   in Energy 12:09 am   /   Comments

The National Council on Privatisation (NCP)’s Fact-Finding Committee on Aluminum Smelting Company of Nigeria (ALSCON), has said that the allegation of asset stripping against UC Rusal–owners of the company was untrue as ALSCON’s machines and structures were intact.

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Latest

Nigeria earns N475bn from India, Netherlands, Brazil in one month

  /   in Energy 12:51 am   /   Comments

File Photo: Crude Oil

Three countries – India, the Netherlands, and Brazil, spent $2.97 billion, about N475.08 billion in the purchase of crude oil from Nigeria in the month of February 2014, data released from the Nigerian National Petroleum Corporation, NNPC, has revealed.

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Latest

IKEDC deploys N1bn for system upgrade

  /   in Energy   /   Comments

Solar powered community water project at Uturu Abia State

The Chief Executive Officer, CEO of Ikeja Electricity Distribution Company, IKEDC, Mr Abiodun Ajifowobaje, said that over N1 billion had been deployed to drive various projects within the company.

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Latest

FG tasks firm on embedded generation in South-East

  /   in Energy   /   Comments

Electricity-new

The Federal Government has challenged the Genesis Electricity Company, to take advantage of the enormous gap in energy need of industries especially in the area of embedded power generation to light up the South-East zone.

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Latest

Northern Nigeria gets N3.4bn EU grant for solar, wind farms

  /   in Energy   /   Comments

Small-Business222

ABUJA: The Federal Government has explained that a chunk of N3.4 billion grant by the European Union, EU, will be used to boost renewable energy specifically solar and wind farms in the northern part of the country.

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Latest

Nigeria’s offshore rig count reduces by 7

  /   in Energy   /   Comments

Oil-Report

Apparently influenced by the diminishing global rig count and the cash crunch being experienced by the Nigerian National Petroleum Corporation, NNPC, in the execution of its joint venture projects, Nigeria’s rig count reduced by seven in June 2014, the International Association of Drilling Contractors, IADC said.

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Latest

Nigerians to control 50% of domestic gas market — Seplat

  /   in Energy 12:26 am   /   Comments

oil-gas

Going by the wave of divestments in the Nigerian oil and gas sector, half of the domestic gas market will be in the hands of Nigerians by 2018, Mr. Austin Avuru, Managing Director, Seplat Petroleum has said.

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Latest

Why fuel subsidy must go — NNPC

  /   in Energy   /   Comments

SUBSIDY-EXPRESS

The Nigeria National Petroleum Corporation, NNPC, has said the only way to encourage investors to build more refineries in the country, is to create favourable business environment through deregulation of the downstream sector.

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Latest

We don’t have $218m to remit — NNPC

  /   in Energy   /   Comments

USDollar

The Nigeria National Petroleum Corporation, NNPC, has absolved itself of owing the Federal Government the sum of $218 million oil revenue.

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