Lagos 2019 Power Nigeria summit to review challenges as supplies worsen
The current drop in supplies of electricity nationwide due to issues bordering on transmission crisis despite upon the $1.63bn intervention so far made by the government arm of the industry, the Transmission Company of Nigeria (TCN) will take centre stage…
Jubilations as Oriental Energy hits massive oil in Ebok Deep OML 67
Leading indigenous oil exploration group, Oriental Energy Resources Limited (OERL), has made public, its successful discovery of oil in two deep prospects identified during extensive subsurface studies in its offshore Ebok field. Business Hilights recalls that the group had commenced…
Buhari has over delayed bidding process for oil blocks, marginal fields— Emafo
The Managing Director, Eroton E and P, Mr. Ebiaho Emafo, has expressed worries over what he described as suffering amidst plenty, saying the delays in processing oil block and marginal fields’ awards translates to seating on money than making use…
Algeria now refines sufficient fuel to meet domestic demand— Minister
…As Dangote votes 53% refinery capacity for petrol Algeria has set fresh African record of being the first in current generation to refine sufficient petroleum for its country. This was revealed Thursday by the newly appointed Energy Minister, Mohamed Arkab….
Latest African Oil and Gas Outlook for 2019 promising—AOW
Fresh report released by Africa Oil Week (AOW) in partnership with Menas Associates about what lies in store for Africa’s oil and gas industry has concluded that, on balance, the continent’s economic performance is promising. Their prediction is coming on…
Sinopec’s world largest atmospheric tower for Dangote refinery arrives next month
In the next one month, Dangote Refinery in Lekki will take delivery of completed furnace-like equipment that will process crude oil into series of petroleum products from Ningbo, China. According to a Citac analyst, Jeremy Parker, who spoke to Reuters,…
Not only in PH do filling stations under dispense 35% fuel—Lagos Motorists
Contrary to the news that broke yesterday by the Department of Petroleum Resources (DPR), that no fewer than 35 per cent of filling stations in Port Harcourt willingly adjusted their meters with intent to cheat unsuspecting customers, several motorists who…
NNPC: Clearing pipeline corridors that carry next to nothing?
The recent announcement by the Nigerian National Petroleum Corporation (NNPC) that the Army Engineering Corps was set to demolish illegal structures erected along the Port Harcourt-Aba-Enugu-Makurdi oil pipeline corridor, has started to record mixed reactions from Nigerians. Recall that in…
China’s refined products exports to Nigeria may affect Dangote refinery sales if…
Emerged signals that China will increase its petrol exports in July and August with products cargoes heading to Nigeria and Mexico, may pose sales challenges to Dangote Refinery target markets if the glut and conditions stretches till when Dangore refinery…
Total, Benin Rep agree on 15-year LNG Import Floating Terminal Deal
Barring any last minute shocks, French oil and gas giant, Total and the Republic of Benin through its energy department, the Société Béninoise d’Energie Electrique (SBEE) have signed a 15-year gas supply agreement using LNG import floating terminal. The 15-year…
