With national peak demand forecast of 19,100 Mega Watts (MW) and with an installed capacity of 11,165.40MW, privately generated electricity has become the only source of reliable energy in Nigeria.
ROSATOM underscores need for nuclear power to tackle erratic electricity supply
Nuclear energy development has been proffered as a sustainable and eco-friendly solution to Nigeria’s perennial electricity shortfall.
Schneider Electric unveils products, rewards performing partners
Schneider Electric, global specialist in energy management, software and automation, has unveiled a new range of cable management systems customised for new and modern buildings.
Bonga achieves 763m oil barrels production since in 12 years
Shell Nigeria Exploration and Production Company (SNEPCo), said it has delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017. The company has also expanded the field with further drilling of wells in Bonga Phases 2 and 3, and through a subsea tie-back that…
TellCo Europe launches off-grid solar power system
In promotion of clean and efficient energy usage in Nigeria, TellCo Europe Nigeria, a renewable and clean energy solution firm, has launched a mono-crystalline (mono) off-grid solar power system, taking to cognisance the nation’s weather system. The company aims to bridge the power challenges experienced by mostly Micro/Small and Medium Enterprises (MSMEs) in the…
CSR-in-Action partners NEITI to resolve conflict in extractive sector
A sustainability consulting and advocacy outfit, CSR-in-Action Advocacy, and its partners have scheduled to hold the 7th Sustainability in the Extractive Industries (SITEI) Conference and Exhibition, at the Shehu Musa Yar’adua Centre, Abuja, between May 21 and 22. Partners include the Nigerian Extractive Industries Transparency Initiative (NEITI); the Federal Ministries of Petroleum Resources, and Mines…
DPR to release new guidelines for LPG operations in Nigeria
The Department of Petroleum Resources (DPR), has unveiled plans to release new guidelines to govern Nigeria’s Liquefied Petroleum Gas (LPG) sector. To achieve this, DPR will embark on stakeholders’ engagement in the LPG industry with a view to fashioning new guides on life threatening issues being taken for granted by operators in the industry.…
Crude oil prices defy forecast, hit $78.18
Global crude oil prices is gradually moving towards reaching the $80 per barrel mark, as Brent hits $78.18, while Nigeria’s Bonny Light was sold at $77.54 per barrel during late trading hours on Monday. At Nigeria’s current crude oil production of two million barrels per day, the country earns estimated $155.080 million (N55.828 billion) at the…
Poor planning stalls rail haulage of petroleum products
Experts have lamented failure by the Federal Government to commence the haulage of petroleum products by rail, a development they blame on lack of infrastructure, poor planning and corruption. The government and other stakeholders in the oil and gas value chain have consistently failed to make investments needed to make the dream a reality. Also,…
How Salvic Petroleum achieve 75,000 bpd crude oil production from OML 30
A relatively young Nigerian company called Salvic Petroleum Resources Limited (SALVIC) said that it has been able to move OML 30 from zero to 75,000bpd production because the company assembled some of the best hands in the oil and gas space.
Salvic Petroleum achieves 75,000bpd production from OML 30
The Transmission Company of Nigeria (TCN) has disclosed its plans to upgrade the Alagbon 132/33KV Transmission Station in Lagos by an additional 2/100 mva and 1/300 mva at 330, under the transmission rehabilitation expansion programme.