Domestic gas supply to gas fired generating plants (GenCos) across the country rose significantly by 0.51 million standard cubic feet per day (mmscfd) to 2,505mmscfd in the first quarter (Q1) of 2021.

By Prince Okafor As the world embarks on energy transition, a fresh indication has emerged that Nigeria needs in excess of $400 billion between now and 2050 to power over 25 million homes. This was the submission of the Minister of State for Power, Mr Goddy Jedy-Agba, during a press conference with newsmen in Lagos […]

By Bestman Michael Eurafric Energy Limited, weekend, debunked claims by the Federal Government on the revocation of the Dawes Island marginal field and the decision to re-award it to Petralon 54. The marginal field is owned by a Joint Venture, involving Eurafric, Tako and Petralon. Addressing the House of Representatives Committee on Public Petitions, Director, Department […]

By Udeme Akpan & Bestman Michael The Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC Ministers, popularly known as OPEC+, Sunday, increased the output of countries involved in the Declaration of Cooperation, DoC, including Nigeria. The decision, which has authorized the nation to produce 1.829 million barrels per day, mb/d from 2022, was taken at […]

. Mr Yunana Malo, Director, Energy Department, Bureau of Public Enterprises (BPE) says there is no plan to privatise the Transmission Company of Nigeria (TCN). He said, at a media conference on Monday in Abuja, rather than that, the Bureau would concession it to get maximum value. He said the transmission was the weak link […]