Consumers pay N1.2trn for electricity in six months — NERC
By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid about N1.2 trillion for power consumed in the first six months of 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The figure represents revenues collected by the 11 electricity Distribution Companies (DisCos), based on NERC’s monthly commercial performance reports between January and […]
Statoil, Tullow strike oil in Mozambique
Statoil and Tullow Oil are completing a test well that could lead to the first commercial discovery of oil in Mozambique.
The partners are hoping to extract 200 million barrels of oil from the offshore Cachalote well.
Nigeria’s crude falls to 1.96mbd
Nigeria’s crude oil output declined to a six-month low of 1.96 million barrels per day, mbd, according to the International Energy Agency, IEA.
Samsung Heavy to build $3.0bn oil storage in Nigeria
South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a giant offshore oil storage platform in Nigeria.
Chevron shops for indigenous buyers for oil blocks
Nigerian unit of America’s oil major, Chevron Corporation, said it will prefer that indigenous operators acquired the two oil blocks it is divesting from located offshore Bayelsa in Nigeria’s oil-rich Niger Delta.
Treat stolen oil like blood diamonds – Alison-Madueke
As thieves siphon 200,000 barrels a day in Nigeria, Petroleum Minister, Mrs. Diezani Alison-Madueke, in a recent interview said she is determined to crack down on the country’s £1billion-a-year ‘blood oil’ industry, as the well-resourced gangs are diverting some 10 per cent of the country’s oil production and channelling the money into kidnapping, piracy and […]
