Over 2,000 megawatts of power stranded in Nigeria
The current power supply challenge in the country has been traced to over 2,000 megawatts of electricity that is stranded. The Chairman, House Committee on Power, Mr. Daniel Asuquo, (Akamkpa/Biase Federal Constituency) in a chat with newsmen in Calabar stated that even though the power situation in the country is improving and moving to a…
‘Nigeria remains investment destination for oil, gas in sub-Saharan Africa’
Nigeria is said to be an attractive investment destination in sub-Sahara Africa despite the fast changing landscape of the global oil and gas industry. The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, at the BHGE 2018 Annual Meeting in Florence, Italy, while fielding questions at the Ministerial Panel, said Nigeria’s…
NEITI expresses concern over non-implementation of reports
The Nigeria Extractive Industries Transparency Initiative (NEITI), has expressed concern over the non-implementation of its findings and recommendation concerning dealings in the oil and gas industry. The Executive Secretary, Waziri Adio, while speaking in Abuja recently, said there several reports with far-reaching recommendations that have been placed in the public domain with clear challenges…
OGTAN harps on research, development in oil sector
The Oil and Gas Trainers Association of Nigeria (OGTAN), has emphasized the need to promote Research and Development in the oil and gas sector. The President of the association, Mayowa Afe, who disclosed this recently at a news conference in Lagos, said research funds running into millions of dollars are set aside by oil majors…
Saraki in U.S., lists hurdles to Nigeria’s productivity
Senate President, Dr. Bukola Saraki, has identified inadequate electricity, infrastructural challenges, insecurity, and lack of access to funds as some of the factors militating against productivity in the short term in Nigeria. Speaking at the Georgetown Africa Business Conference 2018 (GTABC2018) in Washington D.C., USA, at the weekend, Saraki said Nigeria’s economy will record…
Nigeria raises hope on end to gas flaring by 2020
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has renewed the Federal Government’s commitment to end gas flaring by 2020.
Electricity sector loses N1.564billion in one day
The Nigerian power sector lost about N1.564billion on January 27, due to gas, water, and transmission line constraints.
Eroton lists factors responsible for gas fire at Buguma 10 Gas Well
Eroton Exploration and Production Company Limited has attributed illegal third-party activity and sabotage as factors responsible for a gas fire that broke out at the Buguma 10 Gas Well, a gas well located within Oil Mining Lease 18 (OML18). The firm in a statement alluded to the fact that there has been no fatalities or…
‘Refinery licences expiration won’t undermine self-sufficiency plan’
Stakeholders in Nigeria’s downstream oil and gas sector have said the expiration of licences issued to investors to build private refineries will not hinder the country’s 2019 self-sufficiency target.
NLPGA to partner regulatory agencies on safety as DPR probes Lagos gas explosion
The Nigeria Liquefied Petroleum Gas Association (NLPGA), the umbrella body for the LPG industry in Nigeria, is collaborating with government regulatory agencies to prevent the incidence of explosion in gas plants across the country.