Heirs Energies, Renaissance Africa collaborate to drive Nigeria’s oil and gas devt
Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance's leadership team, led by the Managing Director, Tony Attah.
Nigeria’s electricity sector accidents hits 167
By Udeme Akpan ELECTRICITY accidents in Nigeria’s power sector have dropped by 27 percent to 167 incidents in the first half of 2021, (H1’21), from 228 incidents recorded in the corresponding period of 2020, according the quarterly reports of the Nigerian Electricity Regulatory Commission, NERC. The reports obtained by Vanguard, weekend, indicated that the highest incident […]
5 electric power towers collapse in Lagos as fire from vandalized pipeline destroyed transmission line
. By Chris Ochayi The Transmission Company of Nigeria, TCN, on Friday announced that an inferno was caused by a vandalized pipeline along Isheri Olofin, off Igbando – LASU expressway of Lagos State has caused massive damage to 330kV Ikeja-West Akangba transmission line 1, burning off a large portion of the conductor. General Manager, Public […]
Gas shortage knocks off 5 NIPP plants from grid
Gas supply challenges have knocked off five power generation plants belonging to the Niger Delta Holding Company Plc from the national grid, shuttingin about 2,534 Mega Watts in the process.
Nigeria’s crude oil exploration loses steam as rig count falls 38%
NIGERIA’s crude oil exploration has suffered a setback as the rig count, a global index for measuring activities in the upstream sector, decreased by 38 per cent to 80 in the first 11 months of 2021, from 129, recorded in the corresponding period of 2020, according to the reports of the Organisation of Petroleum Exporting Countries, OPEC.
Lekoil Nigeria makes big comeback, presents New Deal to Shareholders
Lekoil Nigeria Limited, an indigenous oil firm has demonstrated its resolve to recover control of all lost assets, including the stakes in Lekoil (Cayman) Limited.
How improved gas utilization can accelerate industrial devt in Nigeria – NGA
NIGERIA needs an urgent strategy to grow its capacity in the gas sub-sector to spur industrial development across all parts of the country.
Why cooking gas price is rising across Nigeria – NNPC
The rising price of crude oil and its derivatives at the world market has been said be responsible for the current rise in Liquefied Petroleum Gas, LPG, also known as cooking gas.
Nigeria’s oil output falls 13% to 1.4mb/d in 5 years
Nigeria’s oil output dropped year-on-year, YoY, by 13 per cent, to 1.346 million barrels per day, mb/d, in October 2021, from 1.540 mb/d in 2017, according to the Organization of Petroleum Exporting Countries, OPEC.
Oil Market: OPEC plans ‘crucial meeting’ as instability worsens
THE Organisation of Petroleum Exporting Countries, OPEC and Non-OPEC oil ministers, have concluded plans to hold the 35th Meeting of the Joint Ministerial Monitoring Committee (JMMC) as instability threatens the global oil market.
World Bank, experts, others react as FG ends petrol subsidy next year
By Emma Ujah, Udeme Akpan & Ediri Ejoh The World Bank, experts and operators, on Tuesday, reacted as the Federal Government moves to pay N5,000 grant to 40 million Nigerians as part of measures targeted at cushioning the negative impact of petrol subsidy to be introduced in 2022. The Minister of Finance, Budget and National […]
