Nigeria’s 203 tscf gas nothing if undeveloped – Attah
Ben Eguzozie in Port Harcourt
March 30, 2021
…Country yet to set up credible energy transition framework …A gas-rich nation, but energy poor Ben Eguzozie, in Port Harcourt Nigeria’s proven 203 trillion standard cubic feet of gas would amount to a dormant wealth generating zero income to the country, if it is not developed and utilized to meet the nation’s […]
Mai Deribe, former MD Cavendish Petroleum, dissociates from OML 110 publication
Online EditorMarch 9, 2021
Ben Eguzozie, in Port Harcourt Ibrahim Mai Deribe, former managing director of Cavendish Petroleum Ltd, has distanced himself from an online media statement with respect to Oil Mining Lease (OML) 110 purportedly originating from him as MD of the oil company, a position he had long ceased to be. According to Mai Deribe, he […]
NLNG’s $7bn Train 7 faces headwinds over alleged non-compliance with Bonny Kingdom, core host’s local content
Goddey OdinMarch 5, 2021
…BKLCCC accuses gas company of neglect of its contractors …But NLNG says it considers core host as trusted partner Ben Eguzozie, in Port Harcourt Nigeria’s foremost gas liquefaction company’s (NLNG) incoming $7 billion Train 7, which is the country’s boldest effort in gas business in nearly a decade, faces headwinds over alleged non-compliance […]
Nigerian engineers to manage world’s largest single train refinery
Ben EguzozieMarch 1, 2021
$15bn complex to save Nigeria 41% importation cost – Emefiele Nigerian private sector set to push 850,000bpd refining capacity by 2024 CBN gives N100bn to DOR, arranging domestic refined crude sale in naira Fertilizers, petrochemicals to generate $2.5bn revenue annually – Dangote The management of Dangote Oil Refinery (DOR) says it is […]
NNPC, again, denies FG planning increase in fuel price this month
Ben EguzozieMarch 1, 2021
Cautions against hoarding, panic buying But PMS sells N170 in South-east, South-south The Nigerian National Petroleum Corporation (NNPC), the country’s national oil company, has come out again to deny any plans by the federal government to raise the pump price of petrol,the product the country consumes in excess of 52 million […]
Nigeria, amid challenges to gas-to-power drive, needs to build institutional capacity – experts
Chris IkosaMarch 1, 2021
As Seplat sustains gas business, accounts for 30% of Nigeria’s gas-to-power generation Sanwo-Olu plans green jobs for Lagos Gas value-chain experts have adduced that Nigeria, Africa biggest gas producer, but which faces being overtaken by Mozambique, needs to build institutional capacity to drive and sustain its gas transition, which is critical to attaining […]
REA delivers 100kW hybrid solar mini grid to Edo community
Tobias PiusFebruary 25, 2021
By Tobias Pius As part of its determination to further push renewable energy solutions as the way forward for bridging the electricity gap in the country, Nigeria’s Rural Electricity Agency (REA) has delivered a 100kW hybrid solar mini-grid to the Adebayo Community in Ovia South East local government of Edo state, in line with […]
OPL 310: LEKOIL engages Optimum Petroleum over CRSA agreement
Ben EguzozieFebruary 25, 2021
Seeks mutually agreed interpretation of agreement LEKOIL, an oil and gas exploration and production company with focus on Nigeria and West Africa region has announced that Mayfair Assets and Trusts Limited, in which it has a 90 per cent economic interest, has received a letter from Optimum Petroleum Development Company OPDC), the operator […]
Nigeria still losing 200,000bpd crude daily as NNPC enlists army’s intervention
Ben EguzozieFebruary 25, 2021
CDS pledges to galvanize military to protect oil assets Nigeria is still losing 200,000 barrels of crude oil daily to vandalism, especially from its System 2B Pipeline, Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), has revealed. Another set of huge loses comes from theft from the […]
Nigeria to sell 170MW electricity capacity to Togo from Calabar plant
Ben EguzozieFebruary 24, 2021
To sell additional 100MW to Paradise City, Calabar Power part of Nigeria’s 3,742MW stranded power Nigeria is to sell 170 megawatts of electricity capacity to Republic of Togo, a West African and ECOWAS neighbour. The power described as “excess capacity,” is coming from the Niger Delta Power Holding Company (NDPHC) plant in […]