Wednesday, 28th September 2022
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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…
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…

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Ifeanyi Ejiofor, the lawyer to the leader of the Indigenous People of Biafra (IPOB) Nnamdi Kanu, alleged that the Department of State Services (DSS) has shortchanged Kanu’s medication and has called for the unconditional release of his client.
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Tougher times await drug barons and cartels operating in Nigeria if they fail to back out of their criminal trade and embrace legitimate ventures. Chairman/Chief Executive of the National Drug Law Enforcement Agency, NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) gave the assurance on Tuesday, September 27, 2022, while leading stakeholders to witness the crushing and setting ablaze 1.8 tons of cocaine recovered by the Agency from a warehouse in the Ikorodu area of Lagos last week.