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Oil price drops as IEA speculates

IN what should be   considered the worst news for the oil  industry the International Energy Agency, IEA, has announced that there are approximately 230 million more barrels of oil in storage than previously believed.

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Electricity: IBEDC rehabilitates Sawmill, Agba Dam injection substations

In a bid to meet customers’ demand in power supply, the Ibadan Electricity Distribution Company, yesterday, said it had completed the renovation of Sawmill 3x15MVA, 33/11KV and Agba Dam 2x15MVA,33/11KV Injection Substations in Kwara State. This was even as the company reached out to its franchise area, engaging several community leaders and members in the process to resolve electricity challenges as well as provide necessary facilities.

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Nigeria yet to transform 2.8bn metric tonnes of coal in 17 fields into wealth

A  STUDY by Behre Dolbear & Company (USA), Inc. subdivided the  areas of coal deposits in the country, which include the Anambra Coal Basin; this basin was into seven coal mining districts, out of which three of the basins have been explored to an appreciable level, and they are the Kogi, Benue and Enugu Coal Districts and they further have two or more coal resource centres.

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Petroleum, Power Ministers, stakeholders set for NAEC Conference 2017

MINISTER of  State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu and his counterpart in the Ministry of Power, Works and Housing, Mr. Babatunde Raji Fashola, are expected to make policy statements on government’s plans for the economy, especially in the oil, gas and power sectors respectively at the Association of Energy Correspondents of Nigeria’s (NAEC) Annual Conference 2017.

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