Electricity supply dips further, consumers, Discos lament
The energy crisis in the country may have eaten deep into the system, as the Distribution Companies (Discos) lament sharp drop in electricity from the national grid.
Seven Energy Begins delivery of gas to Alaoji Power Station
Seven Energy, the indigenous Nigerian integrated gas company, through its wholly owned subsidiary, Accugas, has commenced supply of gas to the Alaoji Independent Power Project in Alaoji, Abia State. Gas delivery to the 504MW power station commenced in May 2015. Accugas is one of two gas suppliers to the plant with an initial contractual commitment…
Oyo Field Production Stabilises at Over 7,000 Barrels Per Day
Independent oil and gas exploration and production company, Erin Energy Corporation has commenced production from its new Oyo-8 well and says that production from the field located offshore on oil mining lease (OML) 120 has now stabilised at a rate of 7,080 barrels per day.
Offshore West Africa announce Strategic Partnership with International Trade Council
Offshore West Africa Conference & Exhibition, owned and produced by PennWell Corporation, has announced a Strategic Partnership for the upcoming 20th anniversary edition with the International Trade Council (ITC). Taking place on 26‐28 January 2016 at the Eko Hotel & Suites, Lagos, Nigeria, the 20th annual Offshore West Africa will build on the success of…
Oando marketing rewards distributors for best performance
Oando Marketing Plc, a leading oil marketing company recently rewarded best performing lubricant distributors nationwide for their outstanding performance in 2014 financial year in an event comprising of an award ceremony tagged “Lubes Distributors Award 2015”and strategic business review meeting with its top performing lubricants distributors from various regions across the country.
1 billion people worldwide lack access to electricity, says World Bank
The latest report by the World Bank has revealed that about 1.1 billion people in the world still live without electricity supply. The report, tagged “Progress Toward Sustainable Energy: Global Tracking Framework 2015”, also stated that although the world is heading in the right direction to achieve universal access to sustainable energy by 2030, it needs to move faster.
Fresh controversy brews over OML 40, 42
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), of the Nigeria Petroleum Development Corporation, (NPDC), Benin, Edo State branch, have disrupted activities in the company due ownership issue of the Joint Venture, JV, partnership in Oil Mining Leases OML 40 and OML 42.
Sambo raises hope on new power projects
The Vice President, Mohammed Namadi Sambo has assured of the completion of some major power projects under the National Integrated Power Projects (NIPP) scheme, even as arrangements are in top gear to exploit the abundant water resources for power generation.
‘Privatisation was not designed to tackle irregular power supply’
IN spite of privatization of the power sector, the country has not been able to achieve regular power supply. What do you think is the problem? I think the problem is that ipso facto, the privatization of the power sector was not designed by those who packaged it to be a means towards ending the problem of irregular power supply in the country.
OTC: Experts chart course for Nigeria’s oil sector
The future of Nigeria’s oil and gas; the nation’s drive for increased local content and the need to attract foreign investments, collaboration and partnerships in the sector came up for discussion last week in Houston, Texas, United States, at the inaugural Nigerian Content Investment Forum, (NCIF).