Energy

.Local crude output soars by 110,000bpd Nigeria has increased its crude oil output by about 110, 000 barrels per day, stabilising the global oil market and pushing the Organisation of Petroleum Exporting Countries (OPEC) output to 27.73 million barrels per day (bpd) in September. Nigeria and Iran in September, provided additional 120,000 barrels per day…

I would like to commend the President for creating the Ministry of Marine and Blue Economy. Previously, we had the Ministry of Transportation, which included aviation and marine, creating a cumbersome structure.

Nigeria, Africa’s economic powerhouse, stands on the cusp of a transformative and industrial revolution. With a population surpassing 200 million and a rapidly expanding economy, the quest for sustainable and efficient energy sources has reached a paramount significance. In this article, KINGSLEY JEREMIAH delves into how natural gas assumes a central role in propelling economic…

Under the auspices of UAE President HH Sheikh Mohammed bin Zayed Al Nahyan, a staunch advocate of sustainability, Abu Dhabi Sustainability Week (ADSW) is set to host the forthcoming edition of ADSW at the 2023 United Nations Climate Change Conference (COP28).

African Refiners and Distributors Association (ARDA) will focus on the need for sustainable petroleum refining in Africa at the 24th World Petroleum Congress (WPC) in Calgary.

Dr Diran Fawibe is the Chairman and Chief Executive Officer of International Energy Services Limited (IESL).

Stakeholders have said fresh investments are key to addressing challenges facing the power sector.

An energy firm, Okra Solar, known for pioneering mesh-grid technology, has closed a financing deal worth $12 million in Nigeria. The deal, announced on Monday included a debt and equity with $7.85M raised on equity led by At One Ventures, along with FMO, Susquehanna Private Equity Investments LLLP, Autodesk Foundation and King Philanthropies. The debt…

  The Marine and Blue Economy Ministry, yesterday, said it would generate N200 billion in its first year, an ambition that may pose serious challenges for the ministries of Petroleum Resource and Transportation unless concerted efforts are taken to correct prevailing misalignment. Coupled with the divisions in the Ministry of Petroleum Resources where there are…

With a rising population and weak energy security, the widening gap between academia and Nigeria’s energy industry may affect the future of the country unless concerted efforts are taken. From poor storage facilities, dwindling oil production, inadequate seaports, dilapidated refineries, unreliable pipeline networks and bad road/rail networks, to subsidy challenges and pricing issues and corruption,…

Although about $490 billion is being invested this year to boost crude oil production and plug the supply gap, there are indications that supply shortfall may persist.

Stakeholders have called on customers to be wary of fraudsters who would take advantage of the prepaid meter update claiming to be from electricity distribution companies (DisCos).