Eni started gas and condensate production from the Obiafu 41 discovery, Niger Delta, just 3 weeks after well completion. The discovery contains approximately 28 billion cubic meters of gas and 60 million barrels of condensate, and the gas from this discovery will largely be channelled to the domestic market in order to feed the power…
Mr Kola Balogun, Chairman, MOMAS Electricity Meter Manufacturing Company (MEMMCOL), has urged the Federal Government to jail any Meter Assets Providers (MAPs) who contravenes the power sector Local Content Act. Balogun made the recommendations in an exclusive interview with TBI Africa team in Lagos, while reacting to the massive importation of electrical equipment into the…
The Federal Executive Council(FEC) has approved the conversion of natural gas to methanol in order to address the environmental challenge caused by gas flaring in the country. The Minister of Science and Technology, Dr Ogbonnaya Onu, briefed State House correspondents after the Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo on…
The Electricity Distribution Companies (DisCos), have appealed to the National Assembly to intervene in the current liquidity crisis in the power sector. Mr Sunday Oduntan, the Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED) made the appeal in a statement in Abuja on Wednesday. The Nigeria Electricity Regulatory Commission (NERC) had recently…
The U.S. has canceled 190 million dollars in grants to Ghana under the “Power Africa” initiative in response to the Ghanaian government’s termination of a contract with a private utility provider, the U.S. embassy said. The Millenium Challenge Corporation (MCC), a U.S. government foreign assistance agency, agreed in 2014 to provide 498 million dollars in…
A power expert, Mr Kola Balogun, has urged the new ministers to setup a team of experts to create a performance driven criteria for the entire power sector value chains mostly especially the Discos Balogun said there is need for the Federal Government through the Ministers to set a roadmap to address generation, distribution and…
Seplat Petroleum Development Company Plc last week sent positive signals to the capital market community and other stakeholders indicating the company’s determination to be a leading player in the oil and gas industry. The indigenous company, which listed on the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE) in 2014, said its board had…
The Deputy Leader of the Senate, Senator Robert Ajayi Borofice, told JOHN AKUBO that the commended Deep Offshore and Inland Basin Production Sharing Contract (PSC) law will give Nigeria additional US$1.5 billion for funding the 2020 budget, and warned that the National Assembly will resist attempts by oil companies to create crisis in order to disrupt concurrence…
Sudanese Minister Adel Ali Ibrahim will meet with his South Sudanese counterpart Minister Awow Daniel Chuang at South Sudan Oil & Power 2019. On the agenda will be the resumption of Block 5A and logistics corridors between the two countries. Sudan has been a key role player in facilitating peace in South Sudan. In…
23 October 2019, Production from French oil major TOTAL’s 205,000b/d EGINA oil field off the coast of Nigeria started in December 2018, resulting in a 10% rise in the country’s oil output. Located some 130km offshore at depths of more than 1,500m, EGINA is an ambitious, ultra-deep project. Samsung Heavy Industries (SHI)’s wholly owned subsidiary-…