National electricity grid collapses for the eighth time this year, TCN blames Discos
Blame game has intensified between the government-owned Transmission Company of Nigeria (TCN) and the body of electricity Distribution Companies (Discos) over the endless wait for the regime of seamless stability in power. Weekend, Business Hilights gathered that the Nigerian national…
Ojumole Well 1 fire in Ondo State extinguished—Chevron
Chevron Nigeria Limited (CNL), operator of the joint venture (JV) between the Nigerian National Petroleum Corporation (NNPC) and CNL (NNPC/CNL JV), has confirmed that the fire at the Ojumole Well No. 1 has been safely put out. Ojumole field is…
You can’t lift 100m out of poverty with epileptic power, Mbisiogu tells Buahri
More reactions have continued to trail President Muhammadu Buhari’s Democracy Day address on June 12, that he will lift about 100m Nigerians out of poverty in 10 years. It was not clear if his pledge is coming from the recent…
Chevron, Shell, others deepen use of robotics in challenging environments
Leading Oil and Gas analyst at GlobalData, Ravindra Puranik, has revealed that more International Oil Companies (IOCs) are deepening their investments in technology and mainly robotics to deliver services in hostile environments dangerous to humans in exploration operations. In his…
What can Kachukwu say he achieved in office as Minister of State for Petroleum?
Whereas several industry pundits have described the regime of former Minister of State for Petroleum Resources, Dr Ibe Kachukwu in the recently dissolved cabinet of President Muhammadu Buhari, as lacking in definite portfolio and executive functions, his recent removal and…
Ghana refinery decries continued imports of petroleum products
At a time Nigeria is decrying continued importation of petroleum products due to collapsed state of all four refineries, the case is different in Ghana as the only local refinery, the Tema Oil Refinery (TOR) continues to cry for crude…
Rainoil implementing concurrent agenda to cover Nigeria in no time—Mgt
Leading downstream oil and gas sector, Rainoil Limited, has continued to drive its concurrent expansion of retail outlets roll-out nationwide. Giving momentary report on its social media handles, the company said its trending aggressive retail roll-out agenda is to deepen…
Continued collapse of national grid linked to lack of spinning reserve
More facts and figures why the former Minister of Power, Works and Housing, Mr Babatunde Fashola may be called for questioning for his headship as the substantive minister within the period under review. Since his appointment in 2015, the national…
Privatisation of power distribution designed to fail—NERC former boss
Former chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi, has once again, argued that the entire unbundling of former Power Holding Company of Nigeria (PHCN) in November 2013 and the subsequent privatisation of the power distribution segment…
Discos reveal one of two reasons it can’t recapitalize, conceals most sensitive
After long period of silence over repeated calls by stakeholders and mainly the Transmission Company of Nigeria (TCN), the leadership of the Association of Nigerian Electricity Distributors (ANED), has came out of their shell to give reasons why recapitalisation of…
