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Energy

17 Mar 2015
The estimate for world oil demand growth in 2014 remains broadly in line with the previous report at 0.96 mbpd. For 2015, global oil demand growth is expected to average 1.17 mbpd, relatively unchanged from the previous month. Almost half of 2015 oil demand growth is projected to come from China and the Middle East.
17 Mar 2015
Besides, the utility firms are worried about the increasing debt profile which is mostly traced to government agencies: the army, police, ministries and parastatals and para-military forces, which the Discos claim
15 Mar 2015
In fact, the Budget Director General revealed that in the 2015 plan, non-oil revenue was for the first time projected to be higher slightly than oil mineral revenue, which makes the plan a non-oil economy Budget.
15 Mar 2015
Electricity consumers may have to wait till the end of 2018 for their homes to be metered as the National Electricity Regulatory Commission (NERC) has said it might not sanction distribution companies for not providing their customers with prepaid meters until the end of the five-year agreement they signed with the government to make the…
12 Mar 2015
“In the last few days the country has been experiencing shortages of fuel, particularly petrol but we have enough stocks to meet demand,” Yaluma said.
USAN-FPSO
3 Mar 2015
THERE are indications that the nation’s oil and gas market would bounce back in the next four years, as a recent report by an international agency predicts a significant growth in the market value to about $7.5 billion by 2019.   The new market research report released at the weekend stated that the market values…
energy
3 Mar 2015
THE Federal Government has signed a Memorandum of Understanding (MoU) with TBEA Co Ltd of China to fast track the development of transmission lines and substations in Nigeria.    This was done with the understanding that power transmission infrastructure is critical to the continued growth of the sector.   Represented by the Minister of State…
Global-chart-3
3 Mar 2015
…OPEC predicts 3.89mbpd consumption level THE expected growth in the economies of the African nations would drastically shoot up oil demand by about 2.47 per cent to 3.89 million barrels per day (mbpd), according to the Organisation of Petroleum Exporting Countries (OPEC).   The cartel, in its latest edition of its Monthly Oil Market Report,…
3 Mar 2015
APPARENTLY not satisfied with the current level of electricity supply to its network, the Eko Electricity Distribution Company (EKEDC), has blamed the situation on low energy allocation from the national grid.    The company, in a statement recently, noted that the company would continue to invest massively to upgrade its facility in other to meet…
3 Mar 2015
MALAYSIAN energy firm Petronas expects to make a final investment decision (FID) on an $11 billion liquefied natural gas (LNG) export terminal in British Columbia by June, after postponing the decision late last year, its chief executive said.    Shamsul Azhar Abbas said the state-owned company had agreed to farm-out about 38 percent of the…
3 Mar 2015
 SEQUEL to the Federal Government’s directive on full local content implementation in the power sector, indigenous operators under the aegis of Electricity Meter Manufacturers Association of Nigeria (EMMAN), has expressed their readiness to take up the challenge and play critical role in growing the sector.     The Executive Secretary of the association, Muideen Ibrahim, who…
3 Mar 2015
TWO trailers fully loaded with illegal oil and diesel have been arrested by the Nigeria Security and Civil Defense Corps (NSCDC) in Delta State.   The Delta State Commandant of NSDC, Adesuyi Clement, who disclosed this recently said that eight persons -Salisu Mohammed, Adamu Seidu, Sylvester Irabor and five others were currently being detained by…

Latest

2 mins ago
Five non-governmental organisations have put plans together to showcase on Wednesday, December 8, young Nigerian entrepreneurs and their products in a micro, small and medium enterprises symposium and exhibition powered by the German Agency for International Cooperation (GIZ) in partnership with the Nigerian government. Speaking at a round table discussion in Lagos, ahead of the…
12 mins ago
The Kaduna Electricity Distribution Company has distributed 1,534 free meters to customers for participating in the ongoing `debt discount promo’.
18 mins ago
The Chief of Air Staff (CAS) Air Marshal Oladayo Amao, says the Nigerian Air Force (NAF) successes depends largely on human resource, technical and logistics support.
22 mins ago
The Federal Capital Territory, Nasarawa, Kogi, Parts of Edo, Niger, and Kaduna states have been thrown into darkness following industrial action by electricity workers. The areas are mainly under the Abuja Electricity Distribution Company. While the office was practically deserted in the early hour of today, the Transmission Company of Nigeria (TCN) said available bulk…
48 mins ago
The Sen. President Ahmed Lawan on Monday expressed disappointment at the absence of the Minister of Health, Dr Osagie Ehanire, Minister of State for Health, Dr Olorunimbe Mamora,