NNPC Woos South Korean Investors for Gas Projects, Bolsters Domestic LPG Supply The Nigerian National Petroleum Company (NNPC) is making strides on two fronts – attracting foreign investment for gas projects and boosting domestic Liquefied Petroleum Gas (LPG) utilization. Here’s what’s cooking: Korean Consortium Eyes Nigerian Gas: NNPC held talks in Seoul with a South…
Tesla Charging Stations have Stopped Working in Chicago due to Frost Tesla charging stations have stopped working in Chicago, United States, due to frost. As a result, many Tesla owners have abandoned their cars at charging stations after unsuccessful attempts to get them charged. According to Mikhail Kulakov, a Sales Lead Manager at a leading…
Atiku calls for Sell of Port Harcourt Refinery Former Vice President, Atiku Abubakar, has called for the sell of the Port Harcourt Refinery. His call follows the announcement by the Nigerian National Petroleum Company (NNPC) Limited, on Monday, that it is seeking to engage an Operations & Maintenance (O&M) firm to operate and maintain the…
LCCI calls on FG to Consider Private Sector Investment in Electricity Transmission The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to consider bringing private sector investment into electricity transmission. The power generation and distribution segments were privatized in 2013, with the Federal Government solely in control of electricity transmission,…
ANOH Gas Plant reaches Mechanical Completion Seplat Energy Plc, on Wednesday, said that the ANOH gas plant installation works has reached mechanical completion. According to a statement made available to Majorwaves, Seplat said the project reached mechanical completion on December 29, 2023, in line with the revised timetable. The company noted that the milestone was…
Nigerian Professor to Release Book on World Oil Dynamics A renowned Nigerian professor of Economics, Professor Augustine Ikein, will on December 28, 2023 release a new book on world oil dynamics. The book titled “The World Oil Dynamics” was forworded by the (former) OPEC Secretary General – Dr. Rilwan Lukman. Ikein will also be officially…
Energy Security: Nigeria’s Endeavours in Exploring Oil and Gas in Frontier Basins In recent years, Nigeria has invested heavily in frontier basins exploration of oil and gas. Frontier, which is a very technical word, means where oil has not been found, but there is potential for finding oil. Frontier basins in Nigeria include the Chad…
Nigerian, German Businesses Sign 850,000tpa Gas Deal, $500m Renewable Energy Pact The economic partnership between Nigeria and Germany has witnessed further expansion with the signing of two Memoranda of Understanding (MoU) between Nigerian and German businesses. The first MoU was on the supply of 850,000 tonnes per annum (tpa) of gas from Nigeria to Germany,…
NDPHC Decries Low Invoice Payment for Energy Generated The Managing Director and Chief Executive Officer of Niger Delta Power Holding Company Limited, (NDPHC), Chiedu Ugbo, has decried low invoice payment for energy generated. The GenCo is owed over N180bn debt. According to Ugbo, huge indebtedness had impacted on the speed at which the company would…
Over 200,000 Graduates Targeted as NNPC Foundation Trains Corps Members on Financial Literacy The Nigerian National Petroleum Company (NNPC) Foundation has trained the Batch C members of the National Youth Service Corps (NYSC) in basic financial literacy skills. The training was done in partnership with Kudimata Nigeria Limited, a financial education outfit. The target is…
