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.
Port Harcourt Refinery still testing – NNPC
PORT HARCOURT Refinery is still test-running to ensure operational readiness before the commencement of commercial operations.
Energy transition: Nigeria’s indigenous investors, financial institutions should lead to attract foreign investors — Experts
Local investors and financial institutions have been urged to invest in Energy transition projects and programmes in order to attract much foreign capital.
Manufacturers cut 25% energy costs by switching from diesel to gas
POLYFILM Packaging Nigeria Limited, a manufacturer of flexible packaging focused on the food and consumer sectors, has recorded over 25 per cent savings in energy costs after switching from diesel to gas, at a time when rising diesel pricesare forcing businesses to adopt gas as an alternative fuel.
Transcorp Power generates over 29TWh to Nigeria’s national grid 10yrs after privitisation
BARELY 10 years after privatisation, Transcorp Power Limited, TPL, a single cycle 972MW installed capacity power generating plant, has generated over 29,574,447MWh, 29TWh, of energy to the national grid for transmission and distribution to many homes and industries in Nigeria and West Africa.
Upstream sector: Nigeria’s rig count rises 40% to 14
NIGERIA’s rig count, a major index of measuring activities in the upstream sector, rose year-on-year, YoY to 14 in November 2023, from 10 recorded in the corresponding period of 2022, indicating an increase of 40 per cent.
LPG: Nigeria expands investment in infrastructure – Report
Nigeria’s Liquefied Petroleum Gas, LPG sector has witnessed massive investment, targeted at putting in place new infrastructure to enhance the delivery and utilization of the product.
Gas Flaring: Nigeria loses N702bn as oil firms flare 241m scf
DESPITE Nigeria’s dwindling revenue occasioned by massive oil theft, the country has continued to suffer loss from its gas, as companies operating in the country’s petroleum industry flared 241.1 million standard cubic feet, MSCF, of gas in the first 11 months (January – November) 2023, according to latest data from the National Oil Spill Detection and Response Agency, NOSDRA.
Experts review Electricity Act, propose amendments at PwC roundtable
Experts have reviewed the provisions of Nigeria’s Electricity Act 2023 and called for the amendment to impact on power sector and Nigeria’s economy.
UPSTREAM: Nigeria’s oil output rises 30% to 1.6m bpd
NIGERIA’s crude oil production, including condensate, rose year-on-year, YoY by 30 per cent to 1.6 million barrels per day, bpd in October 2023, from 1.2 million bpd recorded in the corresponding period of 2022.
But on month-on-month, MoM basis, the nation’s oil output dropped marginally by 0.7 per cent to 1.562 million, bpd in October 2023, from 1.572 million bpd in the preceding month of September 2023.
Adopt Tunnelling, Underground Space Development in energy, other sectors- Experts
NIGERIA and other African nations have been urged to embrace Tunnelling and Underground Space Development as a strategy for the development of the energy and other related sectors.
