A Look At Nigeria’s Power Sector in 2021 – A Review

A Review of Nigeria’s Power Sector in 2021
Access to electricity, no doubt, is a catalyst for any nation in its drive for industrialisation. The importance of power to...

WHERE IS OIL MARKET HEADED IN 2022?

Where is the oil market heading in 2022?
The outgoing 2021 gave the oil industry the opportunity to recover after a difficult period. Prices rose rapidly, which returned confidence...

THE CLASSIFICATION OF CABOTAGE WAIVER

The operation of waiver under the Nigerian Cabotage law is based on non-availability. This means that waivers may be granted on...

HOUSE OF REPS HAIL NCDMB, PUSH FOR CLOSER COLLABORATION

NCDMB Says FG Policy On Gas Holds Opportunity For Local Operators
The House of Representatives has lauded the Nigerian Content Development and Monitoring Board (NCDMB) for the effective implementation of the Nigerian...

TotalEnergies UNVEILS LARGEST BATTERY-BASED ENERGY STORAGE SITE

TotalEnergies has launched the largest battery-based energy storage facility in France. This facility which is located at...

NIGERIA OIL PRODUCTION DROPS IN NOVEMBER AS RIG COUNT CRASHES

Nigeria’s effort to meet its production quota recorded a 10 percentage points drop month on month to 239 per cent in...

NIMASA CUSHIONS EFFECTS OF COVID-19; REDUCES STEVEDORING RATES

ROADMAP TO GENERATING N7 TRILLION FROM MARTIME IN 2022, BY EXPERTS
Further to its efforts to mitigate the effects of the COVID-19 pandemic, the Nigerian Maritime Administration and Safety Agency (NIMASA) has...

6.3 MILLION NIGERIANS YET TO BE METERED – NERC

NERC Reveals 6.3 Million Nigerians Yet To Be Metered
The Nigerian Electricity Regulatory Commission, NERC has revealed that about 6.3 million electricity consumers have not yet been metered for despite...

PETROLEUM RESERVE TO INCREASE BY 40M BARRELS BY 2030 – ONU

Oil exploration to increase petroleum reserve to 40 million barrels by 2030 – Onu
The Nigerian Minister of Science and Technology, Dr Ogbonnaya Onu has said that the Federal Government is making efforts towards increasing...

ELECTRICITY BILLS: 3 WEST AFRICAN COUNTRIES OWE NIGERIA OVER N770M In...

3 West African Countries Owing Nigeria Over N770Mn Electricity Bills In Q2,2021
The Nigerian Electricity Regulatory Commission, NERC, has said that three Countries namely Benin, Niger and Togo have failed to pay for the...

NIGERIAN GAS ASSOCIATION (NGA) COMMUNIQUÉ ON THE PETROLEUM INDUSTRY ACT 2021

The signing of the Petroleum Industry Act (PIA) into law by President Muhammadu Buhari on the 16th of August 2021 is...

OIL COULD HIT $100 IN 2023 – GOLDMAN

Oil at $100 a barrel cannot be ruled out in 2023 as supply additions are expected to be too slow to...

DROUGHT, FLOODING MAY HINDER NIGERIA’S OIL PRODUCTION – REPORT

Drought And Flooding Threatens Nigeria’s Huge Oil Production- Report
A new study by risk consultancy Verisk Maplecroft has shown Nigeria may have difficulty producing its huge oil and gas reserves.

FG POLICY ON GAS OFFERS OPPORTUNITY FOR LOCAL OPERATORS – NCDMB

NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB), has encouraged operators in the oil and gas sector to take full advantage...

OYO STARTS 11MW POWER PROJECT

Oyo Unveils 11MW Power Project Initiative
Oyo State Governor, Seyi Makinde, has kicked off the construction of 11 megawatts (MW) independent power project. The Governor...

ENI, COPENHAGEN INFRASTRUCTURE PARTNERS EXTEND COLLABORATION TO POLAND

Eni enters the Greek photovoltaic market and acquires Solar Konzept Greece
Eni, through its subsidiary Eni gas e luce that will become Plenitude in 2022, and Copenhagen Infrastructure Partners (CIP), through its New...

NIMASA SEEKS FG SUPPORT TO FIGHT ILLEGAL FISHING

NIMASA, NDLEA Close Ranks Against Illicit Drugs
The Nigerian Maritime Administration and Safety Agency (NIMASA) has sought partnership with Federal Ministry of Agriculture to curb illegal, unreported and...

OPEC, EIA, IEA DIFFER ON OIL DEMANDS FOR 2022

The International Energy Agenc
Oil forecasters have parted company on their views about demand in the coming months, as the omicron variant of the COVID-19 virus...

NIGERIA’S OGP RANKING EXCITES NEITI

The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Dr Orji Ogbonnaya Orji, has expressed delight that the international...

STRATEGIC ALLIANCE: ENI, SONATRACH DEEPEN OPERATION IN ALGERIA

Eni and Sonatrach expand their strategic partnership in Algeria
A contract to relaunch production in the Berkine basin and an agreement for decarbonisation initiatives were signed today in Algiers, further...
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