NIPCO Plc has expressed its readiness to support the Federal Government in improving access to Liquefied Petroleum Gas (LPG), as the preferred domestic cooking fuel to the generality of Nigerians at affordable rates.
World Bank proposes $1billion for FG’s power reform
The Word Bank has its renewed commitment to support the Federal Government’s Power Sector Recovery Programme (PSRP), with a proposed $1billion Performance Based Loan (PBL).
Firm boosts electricity supply to households
Burdened by the inadequate electricity supply to households in Nigeria, an indigenous oil firm, has commissioned off-grid power solutions in Nigeria.
USADF to fund $3m access to energy in Nigeria
The U.S. African Development Foundation (USADF) and All On, have announced the creation of a $3million partnership with the goal of expanding access to energy for underserved and un-served markets in Nigeria.
GE, Mainstream sign N8.3 billion fresh Kanji power plant expansion deal
Mainstream Energy Solutions Limited (MESL), the concessionaire in the Kainji and Jebba hydro power plants, yesterday signed a $26 million (about N8.3 billion) rehabilitation agreement with GE Electric (GE) for the upgrade and expansion of the Kainji Turbine Generator unit 1 G 7.
Petrolex Group to launch sub-Saharan Africa’s largest tank farm
Petrolex Oil and Gas Limited, Africa’s emerging indigenous energy giant, is set to launch its ultra-modern tank farm facility on 12, December 2017, at Ibefun, Ogun State as part of Petrolex Mega Oil City, planned to revolutionise the Nigerian oil and gas landscape. A first of its kind in sub-Saharan Africa, the 300 million-litre tank…
IPMAN tasks DPR on unethical practices in downstream sector
The Independent Petroleum Markers Association of Nigeria (IPMAN), Western zone, has emphasized the need for the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC), to clamp down private depots selling petrol above ex-depot price of N133.28k. The Western zone Chairman of IPMAN, made the appeal in an interactive session with journalists…
Experts chart path to energy recovery
Industry experts have recently proffered practical solutions to end the lingering power challenges in Nigeria, citing embedded power, cost effective tariff, and full privatisation of power plants and a host of others as the way forward. The experts, who gave their submissions in Lagos at the PwC’s Annual Power and Utilities Roundtable, noted that…
OPEC’s excess storage falls by 50 per cent
The Organisation of Economic Cooperation and Development (OECD)’s excess crude oil in floating storage has been drawn down considerably by 50 million barrels since June 2017. The Secretary General of Organisation of the Petroleum Exporting Countries (OPEC), Mohammed Barkindo, made this disclosure, at the 2nd Technical Meeting of OPEC and non-OPEC producing countries. He…
RusselSmith partners 4Subsea to deliver asset optimisation
RusselSmith Nigeria has sealed a technical partnership with Norwegian company, 4Subsea, to collaboratively deliver subsea solutions by combining engineering competence, experience and technologies for effectively ensuring the lifespan of subsea assets. 4Subsea is a global leader in the provision of innovative, cost-effective Subsea Asset Integrity Management technologies with operations in several countries. 4Subsea’s areas…
Shell unveils ‘makethefuture’ campaign for clean initiatives
Nigerian music icon and multiple award nominee, Yemi Alade, joined other international stars for the launch of Shell’s new music video, which spotlights a diverse range of clean energy initiatives across the world. Aside Alade, ‘On Top of the World’ features four other global recording artists, including Oscar-winner, Jennifer Hudson, and British songstress, Pixie…