There are indications that the Federal Governments’ plan to add additional 1.6 million of barrels per day, through new moduler refinery may meet dead end, as lack of funds and inefficient policies in the petroleum sector continue to hamper the refineries coming on stream.

THE Transmission Company of Nigeria, TCN, has called for the recapitalisation of Electricity Distribution Companies, DISCOs, in order to expand their capacities, required to provide adequate and stable power to consumers.

Nigeria’s domestic demand for Liquefied Petroleum Gas, LPG, increased from 600,000 metric tonnes, MT, to 840,000MT, indicating an increase of 40 per cent as at December, 2019.

The Oil and Gas Service Providers Association of Nigeria, OGSPAN, has concluded plans to launch its Petrohub, a leading petroleum products digital marketplace at May Hill Hotel, 12 Muritala Eletu Street, Osapa London, Lekki, Lagos on January 29, 2020.

THERE are indications that the Federal Governments’ plan to add additional 1.6 million of barrels per day, through new modular refinery may meet dead end, as lack of funds and inefficient policies in the petroleum sector continue to hamper the refineries coming on stream.

With the privatisation of Electricity Generation Companies, GENCOS, Electricity Distribution Companies, DISCOS, expectations were high that it would culminate in improved power supply to Nigerians. But that was not to be. Investigations in many plants by UDEME AKPAN, Energy Editor, showed that operations were constrained by many challenges, including lack of liquidity, damaged components, inadequate gas as well as poor distribution and transmission facilities, thus resulting to huge losses, which stakeholders have promised to tackle this year.

For decades, many people have been talking about the rich mineral potentials in Nigeria, without doing much to exploit them. In this interview with Gabriel Ewepu, the National President of Miners Association of Nigeria, MAN, Kabir Kankara, tasked the Federal Government to demonstrate more seriousness in boosting investment in the sector.

In the wake of the dastard act that threw major parts of Lagos into mourning Sunday evening, the Nigerian National Petroleum Corporation (NNPC) has revealed that the numbers of pipeline breaks in the last 18 years are 45, 347. The Group Managing Director of the NNPC, Malam Mele Kyari, who released the figures, also emphasised […]

Tragedy struck late Sunday night, when yet to be identified under aged girl, her mother and three men were burnt to death following raging fire from a vandalised petroleum pipeline of the Nigerian National Petroleum Corporation, NNPC, at Ile-Epo, Ekoro, Abule -Egba, Oke Odo Local Government Area, inward Baruwa, Alimosho area of Lagos State. About 150 residents were displaced, as 39 vehicles and 30 buildings were affected by the inferno.

THE Energy International Agency IEA, yesterday cautions that the world economy cannot afford an oil barrel price hitting $100 per barrel.

The Transmission Company of Nigeria has said that Maiduguri and its environs have been cut off from the National Grid since January 17, 2020, due to damages to TCN’s equipment by insurgents.

There are indications that the Federal Governments’ plan to meet an efficient production capacity of additional 1.6 million of barrels per day, may meet dead end, as lack of funds and inefficient policies in the petroleum sector continue to hamper the refineries coming on stream.

Despite the calmness in the Niger Delta region, the Nigerian National Petroleum Corporation, NNPC, recorded a total of 2,146 vandalised points in one year.

The Department of Petroleum Resources, yesterday, said it is set to grant a Licence to Operate, , LTO, to Niger Delta Petroleum Resources, NDPR, for the installation of an additional 5,000 barrels per day modular refinery  at Ogbele, Ahoada in Rivers State.

The Transmission Company of Nigeria, TCN, has said that Nigeria may achieve 20,000 MegaWatts, MW, in 2023.