There are indications that the world of Liquefied Natural Gas, LNG, is set to become more dynamic in the coming years. At present, Australia has overtaken Qatar as the world’s largest exporter of LNG on an annualised basis. In a document sent to The Daily, Chief Executive, EnergyQuest, Dr Graeme Bethune, stated: “In sending overseas,…
The Association of Nigerian Electricity Distributors (ANED) has stressed that Nigeria’s new electricity tariff will take effect from April 1, 2020. The Executive Director of Association of Nigerian Electricity Distributors (ANED), Barrister Sunday Oduntan, stated: “We make this statement to inform all our esteemed customers that we are not unmindful of news making the rounds…
The Nigerian Electricity Regulatory Commission (NERC) says no tariff increase has been approved by the commission yet. Mr Usman Arabi, General Manager, Public Affairs (NERC) made the clarification in a statement issued on the agency’s website, obtained in Lagos on Sunday. Arabi said :” The attention of the NERC has been drawn to the publication…
********DPR commiserates with families of effected explosion The Department of Petroleum Resources (DPR) says preliminary investigation revealed that the cause of the Kaduna gas explosion was as a result of illegal decanting (transfer) of LPG into another cylinder by operators of this facility. Mr Paul Osu, Head, Public Affairs of the agency disclosed this in…
The Nigerian Electricity Regulatory Commission (NERC) on Saturday announced the immediate review of electricity tariffs in the country from January 1. The order was issued to the 11 electricity distribution companies (DISCos) on December 31, 2019, but published on the Commission’s website on Saturday. Signed jointly by the Chairman of the Commission, Joseph Momoh, and…
The success of LADOL has proven the efficacy of the United Nations Sustainable Development Goals, SDGs, as a framework for the development of new economy businesses and for maximising local content in low income high growth countries. Managing Director of Lagos Deep Offshore Logistic Base, LADOL, Dr Amy Jadesimi who made the disclosure at the…
The Nigerian Navy (NN) on Friday handed over 57 Nigerians, seven Sri-Lankans and two Ghanaians, suspected to be involved in oil bunkering, to the Economic and Financial Crimes Commission (EFCC). The seven vessels, involved in the oil bunkering and having no valid approval, were arrested by the Nigerian Navy between Dec. 3 and Dec. 30,…
LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce that it has secured funding for the appraisal drilling and initial development programme activities on the Ogo field within OPL 310. Lekoil 310 Limited, a wholly owned subsidiary of LEKOIL, has entered into a…
The Association of Nigeria Energy Distributors (ANED) says Distribution Companies are studying the modalities of the directive issued by the Nigerian Electricity Regulatory Commission (NERC) on cashless payment by customers. Mr Sunday Oduntan, Chairman, ANED, spoke on Friday in Lagos. NERC had on Dec. 31, 2019 directed the 11 DisCos to transit to cashless settlement…
Oil prices rose to begin the new year on Thursday buoyed by signs of improving trade relations between the United States and China which eased demand concerns and rising tensions in the Middle East. Brent crude futures rose 25 cents to 66.25 dollars a barrel by 0958 GMT, while U.S. West Texas Intermediate (WTI) crude…