Just in: Minister, Senate, NNPC visit Atlas Cove for assessment of depot upgrade
As part of determined efforts at keeping all oil installations in shape and safety standards, the Honourable Minister of State for Petroleum Resources, Chief Timipre Marlin Sylva accompanied by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC),…
Ikeja Electric traps customers monies paid for meters, hands off metering
A serious breach of trust and possible embezzlement of private funds may be playing out in Ikeja Disco following its Thursday’s public notice that it can no longer invest in customer metering. Ikeja Electric, which remains one of the most…
ACE participating in 49th IAGC to attract US petroleum investors to Africa
The African Energy Chamber (AEC) has revealed that the key target of its members participation at the upcoming 49th International Association of Geophysical Contractors’ (IAGC) Annual Conference is to among other things, encourage further participation of U.S. companies in Africa’s…
Hope rises for deeper output cut by OPEC+ as oil rises on short-covering
Crude prices inched higher on Wednesday as investors covered short positions after three sessions of losses and eyed potential supply cuts, even as fears of a coronavirus pandemic deepened. Brent crude rose 33 cents, or 0.6%, to $55.28 a barrel…
NERC cap ambush: Why Discos may rush customers with meter from now
The latest order placing a cap on the range upon which electricity distribution companies (Discos) charge unmetered customers is set to change the sad narrative and neck-cutting monthly tariffs levied on the over 52% of power consumers nationwide. The Nigerian…
IEA appoints first African to oversee deals on energy issues across the continent
The International Energy Agency (IEA) has hired Mr Maximilian Jarrett as its first Africa Programme Manager to help expand the Agency’s reach and coordinate its work as it deepens its engagement across the continent. Business Hilights gathered that Jarrett brings…
Nigeria advancing from gas to power to ‘gas to people of Nigeria’—DPR
More accolades have continued to greet the activation of the national gas flare commercialisation programme by the Department of Petroleum Resources (DPR) as Nigeria to kick off gas flare commercialisation from 45 sites. In his remarks at the Lagos gas…
Ghana electricity Disco going digital to tame power theft
The Electricity Company of Ghana (ECG) has concluded plans to deploy Artificial Intelligence and Remote Sensors across its systems to fight power theft across the country. This is as fact check has shown that several Discos in Nigeria have resorted…
(Special Report) Why FG won’t payoff Discos N2.68trn if it revokes concession now
Background In Law of Contract, when given and signed terms and conditions of agreement are not met; the originator reserves the right to revoke the contract citing failures perpetrated by the executor in chief. About seven years ago and precisely…
Digitization now a critical component in oil and gas industry—Derefaka
Technical Adviser (TA) to the Honorable Minister of State, Petroleum Resources on Gas Business & Policy Implementation, and Program Manager, Nigerian Gas Flare Commercialization Programme (NGFCP), Engr Justice Derefaka, has raised issues of urgent oil and gas industry importance. Making…
