DPR intensifies shutdown of LPG plants breaching safety standards in Lagos
…As Reps urges clampdown on plant illegalities in cities Wednesday was hot for operators of Liquefied Petroleum Gas (LPG) plants that fall short of minimum operating standards and non-compliance to international allowable standards set by the Department of Petroleum Resources…
E’Guinea to convert Methanol Plant to Modular Refinery
…As Nigeria gets first modular refinery April next year A feasibility study is underway on the potential to convert Equatorial Guinea’s methanol plant at Punta Europa; The Ministry of Mines and Hydrocarbons is dissatisfied by declining gas production and expects…
‘Freight rate: FG to save $30.87 per MT of petroleum products from Dangote Refinery’
Considering the Lagos location of upcoming Dangote Refinery, Business Hilights Intelligent Unit (BHIU), an independent business research arm of Business Hilights Media Group, publishers of Business Hilights Online and Markets Business Hilights Newspapers, has revealed that the from the onset…
Discos’ achieving revenue targets on estimated billing killing MAP scheme
Contrary to the mindset created by electricity Distribution Companies (Discos) that paucity of fund is derailing speed in the delivery of prepaid meters to Nigerian electricity consumers’ across the nation, an expert has disclosed that setting and achieving of revenue…
Dangote Refinery to save Nigeria’s $10bn annual petroleum products imports—Minister
Ahead of 2023 new deadline for end of refined petroleum imports given recently by the GMD of NNPC, Mr Mele Kyari, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, Sunday disclosed in Lagos that “We are very…
‘African new oil, gas discoveries may be derailed by cost of new drilling technologies’
Whereas 2019 may be described as Africa’s year of new finds in both gas and oil deposits in commercial quantities, however, the observed high cost of latest exploration technologies may be a big minus in efforts to tap the resources…
Taxes on solar equipment killing renewable energy drive—LCCI
Whereas the Minister of State for Petroleum Resources, Chief Timipre Sylva said recently in Port Harcourt that a mix of gas and renewable sources will be a perfect pair of energy use of the future in Nigeria, the Director-General, Lagos…
Nigeria seeks Rosatom’s expertise as Senate makes case for nuclear energy
As the Federal Government of Nigeria, presses on with its plan to diversify the nation’s energy mix – with inclusion of nuclear energy technology from Russia, the Nigeria Senate has also called for the inclusion of nuclear power into the…
AfDB, AU plans roll-out of continent-wide electricity market Masterplan
The African Development Bank (AfDB) and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market. The agreement to set up a Continental Power System Master Plan between the Bank…
Nigeria may begin crude refining in Ghana as TOR deepens capacity with new deal
Strong indications have emerged on the deepening refining capacity of the Tema Oil Refinery (TOR) in Ghana which can now enable it to take on third party refining for some African countries whose refineries are moribund. Statistics have shown that…
