‘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…
NGA Exco visits Minister, seeks Industry, Regulator synergy
Top executive members of the Nigerian Gas Association (NGA), led by the President, Mrs. Audrey Joe-Ezigbo, Wednesday in Abuja, paid a courtesy visit to the Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva. Their lead aim amongst others…
New IMO fuel sulphur regulation favours Nigerian sweet crude—PwC
Contrary to fears that Nigerian crude oil may be facing stiff market competition from next year over controversies facing OPEC cut regime from next year, a new report by PwC Nigeria, has projected higher demand for Nigeria’s sweet crude. This…
Discos’ metering capacity limited by allowable Capex in MYTO—PwC
Fresh fact has emerged on why electricity Distribution Companies (Discos) across the country, have continued to fall short of expectations in metering all their customers in record time upon signing onto Performance – Agreement to ensure that the gap in…
Discos licences hang in balance as NERC’s window expires
The only thing that will reassure Nigerians that the Federal Government, through the electricity regulatory agency, the Nigerian Electricity Regulatory Commission (NERC), has no hand in the poor services delivery of Discos is to wield the big stick following the…
NCDMB clarifies how local content drive’ll function on ICT, construction sectors
A clear picture on how local content drive will be tracked in other sectors of the economy other than oil and gas has started to emerge. Giving insights at the just concluded 9th Practical Nigeria Content Forum in Bayelsa on…
