OPEC Quota: NUPRC Seeks 400,000 mb/d More From Large-Scale Projects
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) anticipates an additional 400,000 barrels per day (b/d) from certain big projects in…
Category: Energy
In An Effort To Increase Nigeria’s Non-oil Exports, NEXIM Meets With Saudi Eximbank And IsDB.
A powerful delegation from the Nigerian Export-Import Bank (NEXIM), led by the Managing Director/Chief Executive, Mr. Abba Bello, Executive Director…
Nigeria’s Flared Gas Slumps By 500m SCF, Still One Of Top 7 Defaulters
Operators in the Nigerian oil and gas industry only marginally decreased the amount of gas that was flared, from 10…
OML 18: NNPCL And Its JV Partner Fire Operator Eroton
Oil Mining Lease 18 now has NNPC Eighteen Operating Limited as its operator in place of Eroton Exploration and Production…
Marketers To Sanction Fuel Stations And Depots Charging Excessive Prices.
A task force has been organized and deployed by oil marketers under the direction of the Petroleum Retail Outlet Owners…
How Rising Oil Output May Help FG Achieve Its Income Objective
The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, recently stated that the nation was on its…
In Nigeria, W/Bank Deploys 100 Solar Grids
According to the World Bank, the National Electrification Project’s market-driven approach to small grid development has sped up the installation…
Nigerian Growth Is Affected By Energy Costs, Pollution, And Other Factors.
Inappropriate price increases for pre-paid meters “Particularly south of the Sahara, Africa’s domestic gas markets are still underdeveloped or non-existent,…
FG Finds New Sites For 681,000 Barrels Per Day Of Oil Production
The Federal Government has discovered new oil resources with a daily production capacity of 1.52 billion standard cubic feet of…
OML 18 Is Taken Over By NNPCL As The EFCC Investigates Eroton
After months of inaction brought on by a variety of concerns, including money being diverted, governance violations, and debt to…
Nigeria Awards a $70 million Annual Electricity Concession to a Local Company.
The Bureau of Public Enterprises (BPE) reported that Nigeria has selected local energy company Mainstream Energy Solution Ltd to operate…
FG Plans To Earn N29 Trillion Annually By Reopening Shut Oil Wells.
The Federal Government is reopening closed crude oil wells in an effort to increase monthly oil production from various Niger…
Westasolar Company Encourages The Use Of Solar Energy
A 148kWp solar installation at Froot Multitrade Nigeria Limited and a 600 kWp solar installation at Sacvin Nigeria Limited have…
Oil Production Has Increased To 1.6 Million Barrels Per Day, According To NNPCL
Nigeria’s oil production surged to 1.6 million barrels per day, according to the Nigerian National Petroleum Corporation Limited, falling only…
Fuel Queues Likely to Reappear in Nigeria Due to Supply Shortage.
Leading oil marketers said that NNPCL depots, which supply private depots across the nation, ran out of supplies over the…
FG Estimates That Inaccurate Measuring Causes 40% Of Oil Losses.
According to the Federal Government, measurement errors—not theft—are to blame for about 40% of the quantities of crude oil losses…
According To Kyari, The Demand For Energy In Nigeria And Other Countries Would Increase By 35%.
According to Mr. Mele Kolo Kyari, Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, they predicted rise…
Pinnacle Oil And Gas Writes The DSS, Alleging a Plot To Violate The Peace And Sabotage The Economy.
Pinnacle Oil and Gas Limited has filed a petition with the Director-General of the Department of State Services (DSS), alleging…
2022 Non-Oil Export Revenue Of $4.8 billion, According To NEPC
The Nigerian Export Promotion Council has pledged to make sure that Nigeria surpasses the $4.82 billion it made from non-oil…
Ex-Depot Gasoline Prices Have Increased By 100% In The Last Four Months.
The ex-depot price of Premium Motor Spirit, also known as gasoline, had increased by 110%. According to the information, the…
Nearly 800 Billion Euros Are Spent In Europe On The Energy Crisis
Researchers said on Monday that the cost for European nations to protect people and businesses from rising energy costs has…
Distribution Of Crude Oil Database From NMDPRA And CBN
The Central Bank of Nigeria, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, and other pertinent organizations are required to…
500 MW Power To Be Supplied To National Grid By Second Quarter.
GE Gas Power has said it is looking forward to pushing close to 500 megawatts (MW) of additional power into…
Stanlib’s Infrastructure Fund Purchased Upington Solar Farm For Over R1 Billion.
Asset management Stanlib’s Infrastructure Fund II, which invests in infrastructure projects including renewable energy, transportation infrastructure, and logistics, is acquiring…
Diesel prices rise 182.6% in a year as a result of high energy costs.
The cost of energy supply has continued to take a depressing toll on Nigerians with the average retail price of…
26 Power Plants Experience a Capacity Decline.
Out of the 29 power plants in the nation, 26 saw a 26% reduction in capacity, and three were completely…
Nigeria: Power Output Declines by 1,713GWh.
According to the most recent industry data, power generation on the national grid fell steadily in the first and second…
Exxon is Getting Ready to Begin a $2 billion Texas Oil Refinery Expansion.
Exxon Mobil Corp (XOM.N) set to significantly increase the production of gasoline and diesel at its Beaumont, Texas, refinery, completing…
Nigeria and Spain are Increasing their Gas Investment.
The Federal Government has begun discussions with the Spanish government to encourage investment in the petroleum sector, leveraging possibilities made…
Nigeria Selects 139 Companies to Commercialize Gas Flaring.
Nigeria, the largest economy in Africa, has been attempting to capture the gas emitted from its oil fields for export.…