A Nationwide Blackout is Imminent as Energy Drops Below 4,000 MW.
Customers across the nation had a limited supply of electricity over the weekend as power generation to the national grid…
Category: Energy
AFC Equity Investment to Buy Ghana-focused Aker Energy.
Aker Energy, the owner of the Pecan oilfield off the coast of Ghana, will be purchased through a deal mediated…
Kyari: NNPC Deepens Investments in AKK, OB3, Others.
The Ajaokuta-Abuja-Kano-Kaduna (AKK) gas pipeline and the OB3 gas interconnector will accommodate five billion standard cubic feet of domestic gas…
Ryse Energy’s Capital Raise Funds to Support Africa Energy Expansion Plans.
Ryse Energy, a market leader in decentralized renewable energy systems with more than 4,000 units supplied or installed for customers…
The East Coast Refineries Get Rare Cargoes of Forties Crude.
The latest indication that Russia’s invasion of Ukraine is altering global oil supplies is that U.S. and Canadian refiners have…
NNPCL Releases 515.99 ml of Petrol Each Week.
The 33 depots evacuated 515.99 million liters of Premium Motor Spirit (PMS) or gasoline between March 25 and March 31.…
In March, Nigeria earned N1.8 trillion from oil exports.
Nigeria’s earnings from crude oil export rose by N337 billion in March to reach N1.8 trillion. This occurred when the…
As OPEC+ Reduces Output, the Price of Oil Increases.
After the voluntary production reduction by Organization of Petroleum Exporting Countries (OPEC) members and OPEC allies, collectively known as OPEC+,…
Removal of Subsidies Will Enable N7trn’
Dr. Muda Yusuf, the chief executive officer of the Center for the Promotion of Private Enterprise (CPPE), listed the advantages…
Oando Earns a Profit of N34.7 billion.
Oando Plc, an energy firm, reported that its earnings after tax increased to N34.7 billion in the fiscal year 2021.…
$1.9bn Loss: Oil Theft Panel Charges Operators and Regulators.
Operators and regulators in Nigeria’s oil sector have been charged with extensive acts of sabotage in the industry, according to…
NNPCL to Increase Oil Reserves to 50 billion Barrels.
The Nigerian National Petroleum Corporation Limited declared on Tuesday that continued oil exploration in the country’s border basins will increase…
NNPC Releases 418 million More liters of Gasoline.
Even while the year-to-date daily average maintained at 64.94 million litres over the time period, the data revealed that 59…
Infinity Power Acquires Lekela Power in Africa’s Biggest Renewable Energy Deal
The acquisition of the whole stake in Africa’s wind power platform Lekela Power has been finalized by Infinity Power, a…
IBL Group-Led Partnership To Acquire Majority Interest In Equator Energy
Among its most recent initiatives are the sale of a majority share in Equator Energy Ltd. by Maris Ltd. and…
A Weekly Reduction in Natural Gas Prices is Anticipated.
The price of natural gas was trading up to $2.191 (+1.81%), however prices are falling week over week.The price of…
NNPCL Projects N674bn in Yearly Profit After PIA
The Nigerian National Petroleum Corporation Limited forecasted on Thursday that its profit for the 2022 fiscal year will exceed N674…
Petrol Price Increased By 54.76% In One Year – NBS
The average retail price of a litre of gasoline rose from N170.42 in February 2022 to N263.76 in February 2023,…
Despite a Rise in February’s Crude Production, Nigeria’s Oil Rig Count Stagnates.
Nigeria’s oil rig count remained constant at 13 during the month of February despite an increase of around 48,000 barrels…
In Nigeria, 75% of the Power is Produced by Generators.
According to the most recent assessments from the Society for Planet and Prosperity, GCA Capital Partners, and Climate Advisers Network,…
Anger as NNPCL Hiring an Expatriate to Lead a Subsidiary
The nomination of Jean-Marc Cordier as the head of the Nigerian National Petroleum Corporation Limited’s oil trading division has sparked…
Inflation Can’t Reduce With High Fuel Price – Abuja chamber
According to the Abuja Chamber of Commerce and Industry, the price of Premium Motor Spirit, more commonly known as gasoline,…
Eroton Remains OML 18 operator, MD Declared.
Eroton Exploration and Production Company Limited, on Wednesday, insisted that it remained the operator of OML-18 in line with the…
Sahara Group seeks partnerships for the expansion of the oil industry in Africa
Sahara Group seeks partnerships for the expansion of the oil industry in Africa, According to Wale Ajibade, Executive Director of…
Fuel Usage Reaches 80 million liters Daily, while subsidies skyrockets.
The amount of Premium Motor Spirit, often known as gasoline, that is consumed each day has increased to 80 million…
Fuel Prices will Rise Due to a Lack of Supply, Marketers Warn
According to oil marketers, the discrepancy in the price of Premium Motor Spirit, also known as gasoline, at the pump…
FG Investigates a $1.1bn Oil Well Robbery
Oil Mining Licence 17 has been linked to an illegal oil bunkering operation, and individuals responsible for the oil theft…
Edo Refinery Receives a Fresh Order for 150,000 Barrels of Oil
A few weeks after commencing production, the Edo Modular refinery, which is supported by the Edo State government, has ordered…
New Substations and Transformers Push Power Above 4,000MW
With the installation of transformers, substations, and other accessories to increase supply, power generation on the national grid has remained…
NNPCL Fires Eroton, Takes Over JV Operation Of OML18.
Oil Mining Lease 18’s operator, Eroton Exploration and Production Ltd, has been fired by NNPC Limited, and its subsidiary, NNPC…