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.
‘Nigerian Content enhances indigenous participation’
BUT for the passage of the Nigerian Content Act in 2010, not a few indigenous companies providing various services in the oil and gas sector would have gone under.
PPPRA streamlines guidelines for fuel imports
Change, they say, is the only permanent thing in life. And one thing Nigerians should expect from the downstream operations ahead of full deregulation s constant changes that will usher in a seamless delivery and supply of petroleum products.
FG to sue fraudulent marketers
To curb sharp practices at filling stations within the Lagos metropolis, the Federal Government has threatened to sue any fraudulent outlet found cheating n consumers.
Power producers frustrated over World Bank facilities
Representatives and Chief Executive Officers, CEOs, of Independent Power Producers, IPPs, in Nigeria have complained that the cumbersome processes of assessing financial packages for investments in power generation from the World Bank may affect Power Purchase Agreements, PPAs.
Oil revenue: Ribadu team collaborates with NEITI
The Petroleum Revenue Special Task Force led by Mallam Nuhu Ribadu, has promised to work closely with the Nigerian Extractive Industries Transparency Initiative, NEITI, to expose corruption in the nation’s oil and gas industry.
PHCN debts: Nnaji summons distribution chiefs
Worried by the huge debt owed the Power Holding Company of Nigeria, PHCN, and the company’s inability to meet its basic obligations to key suppliers, the Minister of Power, Prof. Bart Nnaji, has summoned the chief executives of the 11 distribution companies created out of the state-owned power utility.
Sovereign Oil farms – in Okwok field
The Federal Government Sovereign Oil & Gas Company II, LLC has received approval of the farm-in by Oriental Energy Resources Limited of Nigeria into the Okwok Marginal Field located in Oil Mining Lease, OML 67, which is owned by Mobil Producing Nigeria Unlimited, a subsidiary of ExxonMobil Corporation, and the Nigerian National Petroleum Corporation.
FG committed to investing in renewable energy
…as Ukraine seeks investment in power generation in Nigeria
The Federal Government said it was very committed to investing in the development of renewable energy as alternative source of power to complement the existing thermal and hydro power plants in energy generation in the country, even as efforts are on to resuscitate ailing power infrastructure and bring them to operate at installed capacities.
Effective power supply and meeting set targets
Nigeria is in dire need of Infrastructure renewal, upgrading, modernisation and expansion. Of all the infrastructural facilities in need of radical development, electricity stands out. The quantum of power consumed in a country by the citizens is considered a good indicator of the country’s socio-economic performance.”
NIPPs to add 10,000MW to grid by 2014
The Federal Government’s plan to attain over 7,000 Mega watts, MW, of electricity before the end of the year now appear feasible with the planned injection of over 3,540 MW of electricity into the national grid through the National Integrated Power Projects, NIPP.
