Ghana snubs US withdrawal of $190m, maintains revocation of Discos’ deals
Barely less than one week after the United States of America (USA) pulled out from its earlier pledged $190m support for Ghanaian electricity sector development following the revocation of Discos concessions, the government has snubbed the pullout and went ahead…
IOCs shielding their operational data from NDR— NAPE President
The President of the Nigerian Association of Petroleum Explorationists (NAPE), Ajibola Oyebamiji, has opened up on the dearth of critical operational data in the oil and gas industry, saying many International Oil Companies (IOCs) are sabotaging efficiency in the build…
Warri, Kaduna refineries to bounce back next year as repairs continue on PH
No doubt, Nigeria and Nigerians are now faced with two delivery dates for all four national refineries which had been moribund for decades. Whereas the first delivery of 2023 was given by the GMD of Nigerian National Petroleum Corporation (NNCP),…
First unit of $1.29bn Zungeru hydropower plant to begin production next year—FG
Whereas there had been no sign of serious investor on the planned $5.2bn Mambila Power project, there are hopes that first unit of the $1.29bn Zungeru hydropower plant coming up in Niger State may begin power production to the national…
DPR to begin clampdown on fuel tankers exceeding allowable 33,000 litres
Due to incessant cases of fuel tanker fire nationwide coupled with bad federal and state roads, the Department of Petroleum Resources (DPR) has risen from its slumber to dust out an existing statutory provision which only allowed tankers not larger…
Can NNPC’s recent deal with Russia’s Lukoil return refineries to life?
More questions are still arising from the last Thursday’s breaking news that Nigeria and Russia in Sochi, Russia, signed a Memorandum of Understanding which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukoil to elevate…
FG has no business taking W’Bank loan on behalf of Discos—Group
More pressure groups and professional bodies have continued to stand against the ongoing Federal Government’s move to borrow $3billion World Bank loan to finance the power sector. Experts who are opposed to the borrowing spree of the current administration raised…
Backfire as US withdraws $190m concession to Ghana over sack of Discos
Barely one week after the Government of Ghana cancelled Discos concession deal on grounds of irregularity in payments and poor service delivery, the United States government has cancelled the second tranche of the funds made available to Ghana under the…
Savannah Petroleum gets $74m facility for Seven Energy Transaction in N’Delta
Leading British independent oil and gas company group operating in Niger Delta, Savannah Petroleum has announced the signature of a $74m unsecured loan facility to push up activities in the consummation of its ongoing Seven Energy Transaction. In a notice…
Ghana sacks Discos over poor performance, financial irregularity
At a time the Nigerian government is playing hide and sick with electricity Distribution Companies (Discos) upon sustained poor quality of services in more than five years of concession; the Government of Ghana has terminated the Concession Agreement with the…
