Energy

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Mambila power project not captured in 2021 Budget ― Senate

Mambila power project not captured in 2021 Budget ― Senate

By Henry Umoru – Abuja The Senate has expressed shock and disappointment has it discovered that the much talked about Mambila Power Project was not allocated a Kobo by the Federal Government in the 2021 Budget. The Mambila Power Project was designed to help improve power generation and supply in Nigeria. Mambila hydropower project is […]

Chevron moves to sack 25% workforce in Nigeria

Chevron moves to sack 25% workforce in Nigeria

As operators continue to face tough times By Udeme Akpan Chevron Nigeria Limited, CNL, operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL has concluded plans to sack 25 per cent of its workforce in Nigeria. The decision is targeted at cutting the cost of its operations, which has been […]

A New Energy Source: Electro-Centric Energy

A New Energy Source: Electro-Centric Energy

By Adeyemi Adewole As an electrical engineer, I have often wondered why electrons never run out of energy though they are always in motion. It is well known that a moving body will slow down and finally stop due to loss of energy. I figured that the only reason why electrons never run out of […]

Days of crude oil are numbered ― FG

Days of crude oil are numbered ― FG

Seeks quick passage of PIB by NASS We are going to be thorough in the Passage of PIB ― Gbajabiamila National Assembly will read President’s Communication Tuesday Urges Ministry to Educate NASS on the content of the Bill By Henry Umoru STRONG indications emerged Monday that hardship looms in Nigeria following the nation’s over-reliance on oil […]

Oil price falls on mounting COVID-19 cases, supply concerns

Oil price falls on mounting COVID-19 cases, supply concerns

Oil price edged lower on Friday, falling more than two per cent on the week as COVID-19 cases surged globally and oil supply is set to rise in coming weeks. Brent crude futures settled at $41.92 a barrel, down two cents while U.S. West Texas Intermediate (WTI) crude futures lost six cents to $40.25 a […]