Energy

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Nigeria earns N413bn from gas export in three months

Nigeria earns N413bn from gas export in three months

Nigeria earned N412.983 billion from the export of Liquefied Natural Gas, LNG, Liquefied Petroleum Gas, LPG, also known as cooking gas and other gaseous materials in three months, between July and September 2015, according to data obtained from the National Bureau of Statistics, NBS.

6,000MW needed to reduce power outages in Nigeria

6,000MW needed to reduce power outages in Nigeria

NIGERIANS may have inadequate power supply for a long time as Sam Amadi, the out-going Chairman, Nigerian Electricity Regulatory Commission, NERC, said that 6,000 megawatts of regular supply of electricity is needed before power outages can be significantly reduced in the country.

Atlantic Energy repositions for the future

Atlantic Energy repositions for the future

Atlantic Energy Drilling Concepts Nigeria Limited, an indigenous exploration and production company, said it is undergoing a holistic transformation aimed at placing it on a good pedestal to compete in the nation’s oil and gas industry. This followed the approval by the Presidency for the implementation of the company’s debt repayment plan, which before now has prevented it from operating optimally as an exploration and production company.