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.
EKEDC, NDPHC sign 300MW supply agreement to address shortfall in Ibeju Lekki, Agbara
Eko Electricity Distribution Company Plc, EKEDC, Wednesday. assured that people living along Ibeju Lekki and Agbara industrial areas would soon experience improved electricity supply around Ibeju-Lekki.
FG earns 1m euros from sale of carbon credits
Mr Bala Wunti, Group General Manager, National Petroleum Investment Management Services (NAPIMS) says Nigeria has earned over one million euros from sale of carbon credits through its partnership with TotalEnergies. Wunti disclosed this on Wednesday in Abuja, while speaking with newsmen on the sidelines of the ongoing 2021 Nigeria International Petroleum Summit (NIPS). A carbon […]
National grid collapses thrice in 5 months, 130 times in 8 yrs — Investigation
There are indications that the power sector may have experienced three system collapses in five months (between January and May, 2021), against two recorded in the corresponding period of 2020. Outages/grid collapses occur when there are system disturbances along the transmission grid. Such disturbances could include a massive drop of load from a sub-station that […]
OPEC member countries lost $1trn to oil price plunge in two years, says Sec Gen
The Secretary General, Organisation of Petroleum Exporting Countries( OPEC), Dr Mohammad Barkindo, has disclosed that OPEC member countries lost about $1 trillion USD to oil price plunge in 2015 and 2016. Barkindo disclosed this in his keynote address to the Fourth Nigeria International Petroleum Summit, in Abuja, on Monday, under the theme: ” From Crisis […]
NNPC to acquire equity in 6 private refineries — Official
The Nigerian National Petroleum Corporation (NNPC) says it is currently considering equity participation in a number of private refineries in the country. The NNPC said the decision was in line with the Federal Government’s policy directive, which stipulates the mandatory participation of the corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity. […]
