New power policy rendering Discos technically useless in power value chain?
The newly unveiled electricity distribution policy, called ‘willing seller, willing buyer’ have continued to generate confusion as to the place of Discos in the emerging new value chain of electricity delivery from generation to end users. In a statement issued…
Market access, cooperation keys to unlocking Africa’s energy sector—AEC
The African Energy Chamber (AEC) has averred that Africa’s energy sector is a catalyst for growth and development across the continent, saying “Industry and investors need to stay abreast of the high-speed advances in the energy landscape in the continent.”…
5000bpd Waltersmith modular refinery comes on stream July 2020— NCDMB
…Unveils completed 17-storey office complex in Yenagoa Strong indications have emerged showing that by 2020, Nigeria’s crude oil refining capacity may be tripled as a number of refineries would be completed for operations before the end of the year. This…
‘Integrating Eland’s producing assets, operations into Seplat’s portfolio’ll be seamless’
The management of Seplat Petroleum Development Company Plc, has assured seamless integration of assets and operations of its new bride, Eland Oil and Gas Plc. Seplat said in a terse statement made available to our correspondent that “As a leading…
Dangote Refinery’s key crude oil processor arrives after 8 weeks of sail from China
Confidence of early delivery of the multibillion dollar Dangote Petroleum Refinery and Petrochemicals Company was on Sunday boosted with the arrival of the crude oil processor from China after eight months of sail. Business Hilights gathered that it took Chinese…
FG lists efforts at driving LPG production, affordability, accessibility
Federal Government of Nigeria has given details on its efforts at deepening the local production, affordability and accessibility in the country. Speaking in an exclusive interview with Business Hilights at the just concluded two-day summit of Nigeria Liquefied Petroleum Gas…
Nigeria already tracking key provisions of Malabo Declaration on Gas—Derefaka
Following days of strategic deliberations by both African and international experts on gas at the just concluded 5th Gas Exporting Countries Forum (GECF) Heads of State Summit in Malabo, Equatorial Guinea, participants have rolled out a continental gas development master…
Gas: Reps pick hole in signed PSC law, seeks instant amendments
Fresh discovery pointing to the fact the rushed oil and gas Production Sharing Contact (PSC) amendment Act recently signed into law by President Muhammadu Buhari while away in London on a private visit was faulty, has emerged. Recall that several…
Whither local content law if Briton succeeds Nigerian-born Avuru at Seplat?
…As Ghana warns against fronting in oil and gas industry Having steered the affairs of leading indigenous oil and gas giant, Seplat Petroleum Development Company, for a successful decade and ready to exit July next year, the notice that outgoing…
FG changing the narrative of being 7th largest emitter of flared gas—Minister
The Federal Government is currently doing everything possible under the law and available international best practices to end gas flaring in the nearest future by way of commercializing gas flaring in oil producing communities. This was the submission of the…
