A number of regulations have been stipulated to address the challenges being faced or could be experienced by electricity consumers in the country.
Oil price may rally above $70 post-Saudi attacks, says Platts data
Oil prices could test the US$80 a barrel Brent Crude price, following the attacks on the Abqaiq facility and the Khurais oil field in Saudi Arabia this weekend, S&P Global Platts Analytics said in a note.
Technology, changes in energy mix key to meeting Paris Agreement
Existing technology would be enough to contain global warming to the COP21 pledge of 1.5°C but only if the energy transition is backed by strong enforcement of policies set out in the Paris Agreement...
CSOs seek revocation of Shell's OML 25 licence
A coalition of civil society organisations in Nigeria is seeking the revocation of the Shell Petroleum Development Company's (SPDC) operating license for OML 25 in Akuku-Toru Local Government Area of Rivers State.
OPEC’s production compliance falters, prices inch towards $65
OPEC's crude production edged up by 50,000 b/d in August to 29.93 million b/d, the latest S&P Global Platts survey found, with the bloc still struggling to move oil prices higher despite broad overall compliance with output cuts in place since January.
Sanctity of contracts: Wading through Nigeria’s murky oil sector
The oil and gas sector in Nigeria has been engrossed in legal battles, especially with landmark cases that involved the government through its agencies. From the Malabu oil deal scandal to the $9.6 billion P&ID judgment delivered by a UK court, the issues of contract drafting, negotiations, and adherence to the provisions of agreed terms raise concerns. FEMI ADEKOYA and KINGSLEY JEREMIAH write on why the nation keeps being involved in several litigations that should never exist.
FG to take FIDs on $2.8bn AKK pipeline, refineries, others
The Federal Government yesterday, said Final Investment Decisions (FIDs) will be taken on at least four key projects within the nation’s oil and gas industry by the end of last quarter this year.
‘ Why Nigeria is adopting American standards for oil, gas sector’
This Standards Organisation of Nigeria (SON) has adopted10 American Petroleum Institute (API) Standards for the nation, in a bid to keep up with best international practices in the oil and gas sector.
Shell loses N202m daily to vandals, oil thieves – GM
Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture says it loses about N202 million daily in revenue to activities of criminals in the Niger Delta. The company attributed the loss to daily attacks on its pipelines by suspected crude oil thieves and vandals. SPDC’s General Manager, External Relations, Igo Weli, disclosed this at a…
SON, operators set to implement energy efficiency standards for ACs, refrigerators
The Standards Organisation of Nigeria (SON) has rolled out the Minimum Energy Performance Standard (MEPS), to support energy efficiency in Nigeria for products like refrigerators and air-conditioners.
Leveraging LPG penetration to reduce carbon emissions
At a time when many countries are exploring efforts to decarbonise their environment, the National Conservative Agency notes that Nigeria emits about 200 million metric tons of greenhouse gases from different traditional energy sources such as kerosene...