TIPP Oil, German lubricant maker, targets 2021 Nigeria launch with eco-friendly scheme
Chris Ikosa
18 hrs
By Tobias Pius TIPP OIL, Germany’s leading premium lubricants producer, has restated its commitment and determination to fully launch into Nigeria’s market this year despite the challenges faced in 2020. The company is also reassuring that its re-bottle deposit scheme, that comes with its quality lubricants, will surely change the game in the Nigerian lube […]
Nigeria aims for cost efficiency, safety, value in oil sector with centre of excellence
Tobias Pius19 hrs
By Tobias Pius President Buhari launches NOGEC Thursday To host 6 sub-industry centres – SeRAS, CCC, NIORC, DRC, CDC, IDMAC Nigeria’s Department of Petroleum Resources, (DPR), as part of efforts to boost the operations of the country’s petroleum industry and drive down the cost of oil and gas production, has disclosed that […]
Sustainable energy: Minister estimates solution to cost Nigeria $4bn in annual spend
Ben Eguzozie21 hrs
Sustainable energy Minister estimates solution to cost Nigeria $4bn in annual spend Nigeria, Africa’s biggest economy with a GDP size of over $475 billion, would require at least $4 billion annually to be able to provide universal access to sustainable renewable energy for its citizens, the minister of state for power, Goddy Jedy-Agba said […]
NNPC receives $120.49m crude oil receipt in September
Ben EguzozieJanuary 18, 2021
Corporation’s production arm, NNPD lifted zero crude for period All subsidiaries registered surpluses The Nigerian National Petroleum Corporation (NNPC) has announced it received $120.49 million as total export receipt for crude oil and gas in September 2020. The amount is 16.28 percent higher than the $100.88 million the national oil company received […]
NNPC moves to rehabilitate downstream infrastructure, openscontract bids
Ben EguzozieJanuary 15, 2021
96 firms turn in bids for contract Target facilities are crude supply, refined products evacuation pipelines, depots, terminals With 5,120-km pipeline length of 40 years old, experts ask, can NNPC muster the muscle The Nigerian National Petroleum Corporation (NNPC), the state-own oil company, has opened bids for possible contracts for the rehabilitation […]
Ardova enters acquisition talks with Enyo as part of expansion drive
Charles AbuedeJanuary 15, 2021
By Charles Abuede Ardova Plc, the successor company of the former Forte Oil, has disclosed that it is in talks with Enyo Retail and Supply Limited with a view to acquiring it. Enyo is regarded as one of the newest and fastest growing retail and supply firms in the Nigerian downstream oil and gas […]
NNPC reaffirms commitment to OPEC+ agreement
Tobias PiusJanuary 15, 2021
By Tobias Pius In line with an earlier agreement set by the Organisation of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilising the global crude oil market, the Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to adhere to the output cut agreement laid out last year by the […]
FIRST E&P faces CSR headwinds in Bayelsacommunities, ahead OMLs 83, 85 production start
Ben EguzozieJanuary 15, 2021
Youths applaud company, but want a share of pie Express support, but remind company to respect 2018 MoU State reports high unemployment, huge infrastructural gaps Oil block to produce 60,000bpd, unlock 300m barrels recoverable reserves OMLs to create $8bn value to Nigeria in lifespan Ahead of commencement of production in its oil […]
Enugu DisCo investing N1.6bn in network expansion
Ben EguzozieJanuary 14, 2021
South-East customers grossly underserved, resulting in higher stranded energy Total stranded power rose by 263% to 3,742 MW in 2020 Enugu Electricity Distribution Company (EEDC) says it is investing N1.6 billion in network expansion projects which were earmarked for funding within its 2020 and 2021 rolling projects for electricity stability and improvement in […]
Nigeria can generate 30,000MW of electricity by 2030, say GenCos
Tobias PiusJanuary 14, 2021
By Tobias Pius Nigeria’s power producers have projected that Nigeria can generate 30,000 megawatts of electricity by 2030 if the country puts pragmatic commercial and political frameworks in place. The producers, speaking through Joy Ogaji, the executive secretary of their groupings, Association of Power Generation Companies (APGC), said the figure, which was once a target […]
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