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24 Feb 2015
THE Nigerian Electricity Regulatory Commission (NERC) has issued two on-grid electricity generation licences to KVK power Nigeria PVT Limited and Aluminum Smelter Company of Nigeria Plc to generate electricity from solar and gas-flared respectively   KVT Power on-grid power is to be located in Yabo, Sokoto state having met the requirements for the grant of…
24 Feb 2015
OPEC will regain ground and exceed its historic record production levels by 2030 as U.S. shale oil growth flattens out in the coming years, energy company BP said last week.   In the near term, demand for oil from the Organization of the Petroleum Exporting Countries (OPEC) is likely to remain under pressure as U.S.…
Okoronkwo-pix
24 Feb 2015
The National President, Independent Petroleum Marketers Association Of Nigeria (IPMAN), Elder Chinedu Okoronkwo aims to place South East as an oil and gas processing zone. Recently, the Nigeria Union of Journalists Zone C honoured him with an award on excellence in entrepreneurial development following his successful run in the oil and gas sector. He spoke…
24 Feb 2015
DESPITE bleak prospects in the oil and sector, there are still viable opportunities to invest in the industry within Africa, even from an exploration point of view, the PricewaterhouseCoopers (PWC), has said.     In its report titled: “Fit for $50 oil in Africa”, released recently, the global firm said that the greatest opportunity at the…
24 Feb 2015
THE Nigerian National Petroleum Commission (NNPC), has reiterated its commitment to promote indigenous participation in the nation’s oil and gas sector.    Speaking during a visit to the fabrication yard of Kaztec Engineering Limited at Snake Island, Lagos, the Group Executive Director, Engineering and Technology, Adebayo Ibirogba, said NNPC was ready to partner with local…
24 Feb 2015
PETROLOG, an indigenous oil servicing company has acquired an ocean diving support vessel to boost its operations and advance the local content policy of the Federal Government.    The 100 percent Nigerian Flagged, ABS classed Dynamic Positioning (DP2) dive support system vessel is currently in Nigeria waters.    According to the company, this is the…
23 Feb 2015
ONE of Africa’s leading indigenous oil and gas service companies, Eunisell Solutions, has reaffirmed its resolve towards the provision of bespoke solution-based services to ensure the acceleration of oil production in marginal fields.  Speaking with newsmen in Lagos, the Chief Executive Officer, Eunisell Solutions, Dickson Okotie, noted that one of the major challenges facing the…
EMSL-meter-testing-equipment
17 Feb 2015
ELECTRICAL devices have virtually emerged the essential tools in everyday living.  Testing these devices periodically has therefore become imperative, to ensure their effectiveness and safety for users.  In any electrical facility, be it commercial or domestic, the most important issue is safety.   Decades of substandard electrical equipment being used in the Nigerian Electricity Supply Industry…
SHANE
17 Feb 2015
THE African continent would require about $3.2 trillion cummulative investment to meet the  energy demand occassioned by growing population by 2035.   The Managing Director, Africa, Electrical Sector, Eaton, Shane kilfoil, who disclosed this at its inaugural West Africa Technology Day in Lagos, said about 55 per cent of Africa’s population currently lack access to…
17 Feb 2015
THE World Bank has described poor electricity supply as a major retarding factor to economic growth in sub-Saharan Africa     The World Bank explained that lack of energy stunts the economic growth that’s needed to reduce poverty and boost prosperity for all Africans.   It however pointed out that mining companies can play a…
17 Feb 2015
THE Nigerian Electricity Regulatory Commission (NERC) has issued four on-grid licenses to Zuma Energy Nigeria Limited to operate a combined 1,200 Megawatts (MW) power plant at Itobe, Kogi state. Each unit of the power plant has capacity to generate 300MW.   This brings to two such licenses issued for coal power generation this year.  …
17 Feb 2015
THE United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil).    Global shale oil resources are estimated at between 330 billion and 1,465 billion barrels. Investment is…

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17 mins ago
Nigerian Bar Association (NBA) has appealed to Cross River State Governor, Ben Ayade, to withdraw his directive to the Army in Nko community to avoid more loss of innocent lives.
19 mins ago
Caverton Offshore Support Group has approved a couple of new appointees, among whom is Captain Ibrahim Chafe Bello, as the Managing Director/Accountable Manager of Caverton Helicopters Limited, effective July 1, 2022.
23 mins ago
SIR: On Friday, June 17, 2022, a judgment by the Supreme Court upheld the right of Muslim female students to use hijab in public schools. The judgment of the Supreme Court which tops every other judgment on the matter and is bound to shape discussions on the issue for many years is already sending ripples…
25 mins ago
Local carrier, Dana Air, has introduced additional flight services on its Lagos-Abuja route in response to demands. Spokesperson of the airline, Kingsley Ezenwa...
25 mins ago
While still on the Supreme Court, events that trigger curiosity and raise eyebrows are happening in our courts, the Supreme Court not excluded.