The electricity distribution companies in the country have said the daily energy sent out by the generation companies has averaged 3,453 megawatts since the power sector was privatised in November 2013. The Association of Nigeria Electricity Distributors, the umbrella body of the Discos, said in a statement on its website that the energy sent out…
The Atlanque Marine Engineering Services (AMES) on Thursday signed a Memorandum of Understanding (MoU) for the development of a 20 mega watts gas fire power plant with High Land Energy Solution Services Ltd (HESSL). Chief Executive Officer of AMES, Dr. Charles Akhigbe, told newsmen shortly after signing the agreement that the MoU was imperative, in…
The Kano Electricity Distribution Company (KEDCo), has concluded plans to expand power networks in Kano, Katsina and Jigawa states, the Managing Director/CEO, Dr Jamilu Isyaku Gwamna, has said. Speaking during his new year message in Kano, Gwamna said expansion was necessary to improve access to electricity and quality of power supply to more people within…
Sirius Petroleum (AIM: SRSP), the Nigeria focused oil and gas development and production company has been advised by Shelf Drilling that the Adriatic-1 Jack-up drilling unit which is currently stationed in the adjacent oil block to the Ororo field (OML 95), and is completing the last of pre-existing contracts with another operator prior to the…
Most crude oil produced in Nigeria’s Niger Delta region now come from Production Sharing Contracts (PSCs), a recent report by the Nigerian National Petroleum Corporation (NNPC), has disclosed. The NNPC in its monthly operations and financial report for September 2018, explained that that between August 2017 and August 2018, the volume of oil produced from…
A study carried out on the operational status of the over 5,000 kilometres of pipeline network belonging to the Nigerian National Petroleum Corporation (NNPC) across the country, has revealed that the pipeline network would need $12 billion to be replaced or $1.1 billion to be fixed. Sponsored by the United Kingdom-funded Facility for Oil Sector…
Nigeria’s deepwater oil field, Egina, achieved first oil production late on Saturday, raising the country’s daily oil production above 2.09 million barrels in December 2018, the Nigerian National Petroleum Corporation has announced. With the Organization of Petroleum Exporting Countries (OPEC) latest output cut resolution taking effect Tuesday, January 1, Nigeria’s daily oil production should now…
Nigeria’s crude oil daily production recorded an upward swing of about 2.09 million barrels in 2018, translating to a 9 per cent increment, compared with the 2017 average daily production of 1.86 million barrels. Pitched against the low-level daily crude oil production in 2016 and what obtains now, Nigerian National Petroleum Corporation (NNPC) Group Managing…
A total of 42 oil block licences held by some international and indigenous operators will expire this year, data obtained from the Department of Petroleum Resources on Monday showed. OML 114, operated by Moni Pulo Limited, will be due for renewal this month, while OML 115, whose operator is Oriental Energy Resources Limited, will expire…
Nigeria’s Minister of State for Petroleum Resources, Mr Ibe Kachikwu, has said the Federal Government generated over $2 billion from the renewal of oil block licences. The former Group Managing Director the Nigerian National Petroleum Corporation (NNPC), said the funds will be used to implement the nation’s budget. “We have actually asked for early renewals,…