FG apologizes to Nigerians for poor power supply, says 8 plants broke down
Arakunle Kayode
April 15, 2021
Arakunle Kayode The federal government has apologized to Nigerians for the ongoing power outages and shortages in different parts of the country. The Minister of Power, Sale Mamman, expressed remorse for the unfortunate situation and apologized to all affected Nigerians for the inconveniences caused by the power outages in a series of tweets on […]
Experts point landmines for new awardees, financiers of Nigeria’s marginal fields
BEN EGUZOZIEApril 15, 2021
…Say fields portend great liability for investors …Getting equity capital to make 2C bankable a long, hard road …57 fields never had production tests done on them …Said assets over-priced; were given free alongside gas in last bid round Ben Eguzozie, in Port Harcourt Experts versed in bidding and licencing rounds […]
Nigeria’s 203 tscf gas nothing if undeveloped – Attah
Ben Eguzozie in Port HarcourtMarch 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 […]
IRENA’s world energy transitions outlook asks major economies accounting for global CO2 emissions to fast-track energy transitions
Ben Eguzozie in Port HarcourtMarch 19, 2021
· Outlines global strategies towards carbon-neutrality to climate-safe 1.5°C pathway by 2050 · Says energy transitions investment to increase by 30% to $131trn now and 2050, corresponding to $4.4trn yearly average · Socioeconomic benefits of investing in transition to create three times more jobs than fossil fuels · IRENA’s 1.5°C pathway […]
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 […]