Wednesday November 26th, 2014
Wednesday November 26th, 2014
Latest

Nigeria loses N27bn to gas flaring in one month

  /   in Energy 1:02 am   /   Comments

*Gas flare

Nigeria lost about $170.166 million, around N27.227 billion to gas flaring in one month, as oil and gas companies flared 39.07 billion Standard Cubic Feet (SCF) of gas in the month of August 2014.

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Latest

Estimated billing: Nigeria needs 8 million new meters — Nebo

  /   in Energy   /   Comments

Prof Chinedu Nebo

The Minister of Power, Professor Chinedu Nebo has attributed the estimated bills given to Nigerians by distribution companies to the eight million meter shortage in the country.

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Latest

Gas to power: CBN offsets PHCN N36.9bn legacy debt

  /   in Energy   /   Comments

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

The Central Bank of Nigeria, CBN, has offset the N36.9 billon legacy debt owed to gas suppliers by the power sector under the defunct Power Holding Company of Nigeria, PHCN, over the last few years.

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Latest

Crude price decline: PENGASSAN seeks labour, employers collaboration

  /   in Energy   /   Comments

*Oil Vandals

With the decline in the global prices of oil, workers in Chevron under the aegis of Chevron Branch of Petroleum and natural Gas Senior Staff Association of Nigeria (PENGASSAN), have emphasised the need for the employers of labour and workers unions in the country to collaborate on ways to mitigate the effects on the employee, companies’ operations and the economy at large.

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Latest

OPEC members face tough decision ahead Thursday’s meeting

  /   in Energy   /   Comments

File Photo: Crude Oil

Members of the Organization of Petroleum Exporting Countries (OPEC) have a tough decision to make ahead of Thursday’s meeting over whether to cut output in the wake of a 30 percent slump in crude prices since June.

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Latest

Shell shuts 200,000bpd Trans Niger Pipeline

  /   in Energy   /   Comments

Gas pipeline

Nigeria’s oil exports were disrupted after Shell Petroleum Development Company, SPDC, yesterday, shut the Trans Niger Pipeline, after it discovered a leak on the pipeline.

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Latest

Global energy demand to rise by 60% — Report

  /   in Energy   /   Comments

File photo

The falling oil prices will probably be temporary going by the Organisation of Petroleum Exporting Countries, OPEC report just released.

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Latest

Schneider Electric’s IBETC graduates 30 Nigerian students

  /   in Energy   /   Comments

Schneider Electric, a global specialist in energy management has announced the graduation of 30 Nigerian students from its Isaac Boro Energy Training College (IBETC) Grenoble, France.

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Latest

Accenture launches cutting-edge metering solution

  /   in Energy 12:27 am   /   Comments

Prepaid meters

Accenture, a global technology management, outsourcing and consulting firm has introduced smart metering, an advanced technology to achieve effective result in the area of power, through its partner company, Resources Operating Group.

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Latest

Canadian oil firm to sue Kenya over licence revocation

  /   in Energy   /   Comments

A Canadian oil exploration company expelled from Kenya last year has restructured in what it terms “preparation” for a fight with government for Sh13 billion in compensation for illegally terminating its license.

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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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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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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.

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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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