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17 Feb 2015
GLOBALLY, 51,477 MW of new wind generating capacity was added in 2014, according to the global wind market statistics released recently by the Global Wind Energy Council (GWEC).    It added that the record-setting figure represents a 44 per cent increase in the yearly market, and is a solid sign of the recovery of the…
17 Feb 2015
THE local content component of the Egina deep-water project has hit over $1billion, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Ernest Nwapa has disclosed.   Egina-Total Exploration and Production’s $15billion deep water project is the first major oil and gas project to be started under the Nigerian Content Act and…
17 Feb 2015
EGYPT and Cyprus have signed a memorandum of understanding on energy cooperation and aim to reach a deal on Egyptian imports of Cypriot gas in six months, the Egyptian prime minister’s office said in a statement on Monday.    Cyprus discovered natural gas offshore in late 2011, while once gas-rich Egypt has turned into a…
17 Feb 2015
OANDO Energy Services Limited (OESL), an indigenous operator of swamp drilling rigs services has successfully achieved five years of continuous operations without Lost Time Injury (LTI) on its flagship rig, ‘OES Teamwork’.    The company, in a statement made available to the Guardian described the feat as  a reflection of Oando’s commitment to service excellence…
OIL-PIX
10 Feb 2015
Nigeria’s output increases by 44,400bpd THE Organization of Petroleum Exporting Countries (OPEC) produced 30.15 million barrels per day in January, representing a decrease of 53,000 bpd from the previous month.   These declines were mainly due to Iraq and Libya, with Angola, Saudi Arabia, Kuwait and the United Arab Emirates all increasing supply.   Interestingly,…
Transformer--
10 Feb 2015
IT will definitely no longer be business as usual for the promoters of fake and sub-standard electricity equipment in the country as the Federal Government took a bold step to curtail the menace in the sector.  The Minister of State for Power, Mohammed Wakil, made this known at the official launching of a re-modeled National…
10 Feb 2015
FOR a long time now, Nigerians have been yearning for improved power supply.    While efforts are being made by subsistent governments to meet this all important demand, one of the major snags to power supply has been the uncomplimentary activities of vandals across the country.      For instance, the Minister of Power, Prof.…
crude-oil-price-jan-5
10 Feb 2015
JAPAN, a country that has helped strategically in the development of rural Nigeria especially, since 1998, has again started a new wave of development in the rural communities through the provision of solar electricity in the rural communities. The project, which grant aggrement was signed in the nation’s capital on Monday, will commence with the…
10 Feb 2015
THERE are strong indications that full oil production activities will soon resume in Ogoni land after being shut down for over 22 years following the mass protest by the people and civil disturbance in the area occasioned by the total neglect and injustice on the people by the Nigerian government and the Shell Petroleum Development…
10 Feb 2015
IN a bid to fully meter and adequately evaluate the consumption of all electricity consumers in the country, the Federal Government has been urged to liberate the electricity meter market and create a conducive business environment for the indigenous meter manufacturers to thrive.    The Executive Secretary, Meter Manufacturers Association (EMMA), Muyideen Ibrahim, in a…
4 Feb 2015
Mrs. Diezani Alison-Madueke is Nigeria’s Minister of Petroleum Resources.  She was recently elected President of Organisation of Petroleum Exporting Countries (OPEC) and Gas Exporting Countries’ Forum.  In this interview with Kingsley Osadolor on Good Morning Nigeria on the Nigerian Television Authority (NTA), she spoke about the plummeting crude oil prices, OPEC’s decision not to cut…
Refinery
3 Feb 2015
THE plummeting crude oil prices are hitting hard on the profits of big International Oil Companies (IOCs). For example, Cheveron, ConocoPhilips, Shell and Exxon Mobil posted disappointing earnings in their fourth quarter report for 2014 as a result of the declining crude oil prices. The price of Organisation of Petroleum Exporting Countries (OPEC) basket of…

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1 day ago
A storm appears to have been stirred at Nigeria`s Supreme Court over an unprecedented letter written by 14 Justices of the Court to the Chief Justice of Nigeria (CJN).
1 day ago
The Federal Government on Tuesday said it was targeting 1.6 billion liters of milk per annum for self-sufficiency in livestock products and animal protein needs.
1 day ago
Less than a week after its release, Glamour Girls, an original story produced by the Play Network Studios, has made history as it becomes the first Nollywood film to rank in the top five Netflix global charts. The film was received with mixed reviews from fans of Nollywood and film critics shortly a a day…
1 day ago
Former Nigerian President Goodluck Jonathan has stated that the short time span between the submission of the 2014 National Conference (CONFAB) Report to him and the 2015 election was a major factor in his inability to implement the report. Jonathan also claimed that the defection of the then-Speaker of the House of Representatives, now Sokoto…
1 day ago
by Titilayo Adewumi, Regional Sales Director for West Africa at SAP LAGOS, Nigeria, 28th June 2022 -/African Media Agency(AMA)/- The past few years have been a wake-up call to businesses to speed up their digital transformation efforts and more quickly adopt the technologies needed to deal with disruption.  Business leaders today are digitising with haste, seeking…