The Nigerian independent Conoil Producing, is struggling with declining production, less than a year it all seemed that the only way the company’s output could go was up. Conoil’s current daily crude production is 14,000 Barrels Per Day, a 30% drop from the 20,000BOPD it achieved in April 2018 and which it maintained for most…
Niger Delta Exploration and Production plc, an indigenous oil company and marginal field operator, says its upgraded 11,000 barrels per day capacity modular refinery will go into full production in July this year with Jet A fuel as one the additions to its production. If the plan carries through, it will come as great relief…
Lagos — Minister for Power, Works, and Housing, Babatunde Fashola, has, in the long run, bowed to Distribution Companies, DisCos’ pressure over allowing potential customers under their jurisdictions, to independently source for electricity outside theirs, a process is widely known as Eligible Customers, EC. The DisCos had since the introduction of EC, argued that the process…
London –– Asian liquefied natural gas (LNG) prices slumped this week on a flood of spot volumes amid subdued demand. Prices for delivery into northeast Asia in July are estimated at $4.50 per million British thermal units (mmBtu), the lowest level in seven weeks. The August price is in a slight contango but is also…
Shanghai/Singapore — PetroChina is bucking normal practice and raising its wholesale natural gas prices during the weak-demand spring season, several sources said, preparing for the coming consolidation of China’s pipeline assets and trying to recoup huge fuel import losses. The increases from PetroChina – which supplies more than 70 percent of China’s gas – come as…
THE National Bureau of Statistics (NBS) on Friday announced that 4.87 billion litres of Premium Motor Spirit (PMS), popularly known as petrol were imported into the country in the first quarter of this year. The NBS made the disclosure in its Petroleum Products Imports and Consumption (Truck Out) Statistics for First Quarter, 2019, posted on…
From Right: Coordinator, Mandela Washington Fellowship, Austin Emeanua; Head, Corporate Communications and Marketing, Union Bank, Ogochukwu Ekezie-Ekaidem; Founder, Mamamoni Empowerment Foundation (MEF), Nkem Okocha and Trustee, MEF, Okhai Olaghere, during the launch of the Mamamoni Innovation Hub sponsored by Union Bank, in Lagos recently.Yemisi Izuora The Union Bank has partnered with MamaMoni Empowerment Foundation to set up an Innovation Hub for low-income women and girls from urban…
Ayobami Adedinni In its quest to improve the capabilities of Nigeria’s power sector value chain, Schneider electric in partnership with Agence Francais Development (AFD) and the National Power Training Institute (NAPTIN) has launched an electricians’ training programme. This is set to give a significant boost to a sector with limited local human and institutional capacities….
Ayobami Adedinni The Renewable Energy Association of Nigeria(REAN) has said it is committed in its efforts in ensuring a robust renewable energy sector. REAN is the umbrella body of Renewable energy companies in Nigeria. In a chat with the media, Lande Abudu, Executive Secretary said the activity within the sector has increased its awareness. She…
Ayobami Adedinni A renewable energy expert, Patrick Tolani has said in view of the high rate of energy poverty in the country, more work and investment are needed to guarantee energy security. Speaking in a chat with newsmen, Tolani who is the Chief Executive Officer of Community Energy Social Enterprise Limited (CESEL) stated that the…