Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy company listed on both the Nigerian and Johannesburg Stock Exchange, in partnership with the Society for Petroleum Engineers (SPE), will be sponsors of the forthcoming SPE Young Professional Forum (YP), themed; ‘Positioning Young Professionals for the Transitioning Future of the Oil and…
The Nigerian Postal Service (NIPOST) says it is partnering Ukpa Hansa Energy Solutions Limited, an indigenous energy firm, to deploy solar energy across the country. The Post Master General of the Federation, Dr Ismail Adewusi, disclosed this at the unveiling of the solar products in Abuja, on Thursday. He said that the Federal Government was…
Prof. James Momoh, Chairman, Nigerian Electricity Regulatory Commission ( NERC ) says Nigeria needs quality energy supply to ensure sustainable economic growth. Momoh stated this at a public hearing organised by Yola Electricity Distribution Company (YEDC), on Thursday in Yola. He said that the public hearing was organised to gather information on tariff review in…
Unarguably, the use of energy is fundamental to development even as energy production and consumption remain one of the main factors for determining the strength of the global economy. Apart from its impact on world economy, energy sector drives real growth and improves the economic fortune of any nation when harnessed appropriately. Recognising the importance…
The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday signed an agreement with Shell Nigeria Gas (SNG) for lease of one hectare of the board’s land in Polaku, Bayelsa. The land is for the development of a Pressure Reduction and Metering Station by Shell. The Executive Secretary, NCDMB, Mr Simbi Wabote at the signing…
The Eko Electricity Distribution Company (EKEDC) will meter all the customers within its areas of coverage by March 2021. Mr Nosa Igbinedion, Head, Power Procurement and Regulatory Department, said this at an Extraordinary Tariff Review Stakeholders Consultation held at Lekki in Lagos on Wednesday. The electricity distribution company is proposing to raise its average tariffs…
The Department of Petroleum Resources (DPR) said it would clampdown on illegal Liquefied Petroleum Gas (LPG) sellers in Anambra. Mr Okiemute Akpomudjere, Operations Controller of Awka office of DPR, gave the warning in Awka on Wednesday. Akpomudjere said the agency would ensure that operators in the downstream subsector of Nigerian petroleum industry in the state…
The Ibadan Electricity Distribution Company (IBEDC) on Wednesday urged its customers in Ogun to support its planed upward review of tariff. The Chief Commercial Officer of IBEDC, Mr Deolu Ijose, at a stakeholders meeting in Abeokuta, said the proposed tariff regime was to enable the company improve its services to customers. Ijose said the proposed…
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations say they could not generate 4,200 megawatts of electricity on Monday due to unavailability of gas. This information was made known in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained in Abuja on Tuesday….
The Department of Petroleum Resources (DPR) on Tuesday intensified efforts to curtail incidence of gas explosion in Lagos State with the closure of seven Liquefied Petroleum Gas (LPG) plants. The oil and gas industry regulator said the affected LPG (cooking gas) plants were sealed for not complying with the prerequisite safety standards and operating without…
