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.
Electricity workers suspend strike for 2 weeks
THE Nigerian electricity workers have suspended their nationwide strike, which led to total blackout in different parts of the country.
Intervention in BEDC: CDHR calls on NERC to maintain status quo
THE Committee for the Defence of Human Rights, CDHR, has called on the National Electricity Regulatory Commission (NERC) and Bureau of Public Enterprises (BPE) to uphold the interim court injunction that restrained it and its agents from changing the Board of BEDC Electricity Plc (BEDC) until the determination of the court case.
We have regulations, principles, ethics to guide operations — NLNG
THE Nigeria LNG Limited, NLNG, a major player in the global LNG business, yesterday, said its operations were governed by regulatory requirements, targeted at delivering LNG to various destinations globally.
OPEC: Nigeria not meeting her oil production quota, FG cries out
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said yesterday Nigeria was not meeting its Organisation of Petroleum Exporting Countries, OPEC, production quota due to oil theft.
US energy report crashes oil prices below $90
Barely 24 hours after the decision of the Organisation of Petroleum Exporting Countries, OPEC, and its allies, to stabilize crude oil prices, report of the United States Energy Information Administration, USEIA, yesterday, forced a sharp drop in the prices across all grades including Nigeria’s Bonny Light.
Disconnecting electricity consumer without 10 working days’ notice illegal —FCCPC
Federal Competition and Consumer Protection Commission, FCCPC, has said no electricity distribution company (Disco) has the right to disconnect a customer without first serving a notice for at least 10 working days from the date of delivery of their bill.
Oil theft: How Nigeria’s output dropped 12.5% in 6 months
Nigeria’s oil output dropped by 12.5 per cent to 1.4 million barrels per day, mb/d, including condensate, in the first half (January – June) of 2022, from 1.6 mb/d in the corresponding period of 2021, according to the latest report of the Nigeria Upstream Petroleum Regulatory Commission, NUPRC.
Schneider partners Ikeja Electric to improve electricity distribution in Lagos, Ogun
SCHNEIDER Electric has partnered Ikeja Electric to improve electricity distribution in its network in Lagos and Ogun states.
Electricity market recorded N512bn deficit in 2020 —NERC reports
The Nigerian Electricity Regulatory Commission, NERC, yesterday, reported that of the combined invoices of N882.73 billion for energy and administrative services issued by Nigerian Bulk Electricity Trading Plc, NBET, and Market Operator, MO, only a total of N370.34 billion was settled as and when due by electricity distribution companies, DisCos, creating a total deficit of N512.39 billion (including tariff shortfall) in 2020.
Natural gas, energy transition fuel for Nigeria — FG
Minister of State for Petroleum Resources, Timipre Sylva, said, yesterday, that Nigeria was relying on its natural gas to achieve energy transition to cleaner energy and reduce carbon emission.
