Dangote Refinery has commenced its inaugural export of Premium Motor Spirit (PMS), widely referred to as petrol, to Cameroon, marking a significant step towards regional energy integration. In a statement released on Wednesday and shared with EnergyPlanets, the refinery announced the move, highlighting its potential to strengthen energy ties within the region and contribute to […]Read More
In a landmark moment for Nigeria’s influence in the global energy sector, the Organisation of Petroleum Exporting Countries (OPEC) has named Ademola Adeyemi-Bero as Chairman of its Board of Governors for 2025. OPEC confirmed the appointment during its 189th Conference meeting, as announced on the organisation’s official website. “The conference appointed Mr Ademola Adeyemi-Bero, Governor […]Read More
The Port Harcourt refinery, is set to resume crude oil production after several missed deadlines and a long period of rehabilitation exercise. The rehabilitation exercise worth $1.5 billion was approved by the Nigerian government in 2021 for the refinery with a combined 210,000 barrels per day capacity. Announcing the preparedness of the refinery for production […]Read More
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has explained why independent marketers are unable to source petrol directly from the Dangote Refinery. Speaking at a press conference in Lagos on Tuesday, PENGASSAN president Festas Osifo attributed the issue to a price discrepancy between the rates at which the Nigerian National Petroleum […]Read More
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has rejected Shell International Plc’s proposed $1.3 billion sale omf its onshore assets to the Renaissance consortium, sources familiar with the matter said, according to a report by the Africa Report. The sale, which required NUPRC approval under the Petroleum Industry Act (PIA), would have seen Shell divest […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has announced a major operation targeting oil thieves, resulting in the seizure of 63 illegal refineries within just one week. In its weekly documentary series “Energy and YOU,” NNPC reported that efforts to combat oil theft had led to the successful confiscation of these illegal refineries. Between August […]Read More
Seplat Energy Plc has committed to leading innovations in Nigeria’s energy sector, especially in the oil and gas industry, through technological advancement. At the just concluded Seplat Technology Summit in Lagos, Roger Brown, the Chief Executive Officer of Seplat Energy, emphasised the vital role of technological advancements in advancing the energy sector. Brown, who was […]Read More
The Federal Government of Nigeria Power Company (FGNPC) has signed an Engineering, Procurement, Construction, and Financing (EPC&F) contract worth $118.12 million with Elsewedy Electric and Power China. The deal, finalised on Wednesday in Abuja, is for the rehabilitation and construction of 2,670 kilometers of 33kV, 11kV, and 400V distribution lines across Nigeria. The contract, which […]Read More
The Federal Government has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to the Dangote Refinery exclusively in naira, in a bid to boost the local currency and promote domestic economic activities. Bayo Onanuga, the special adviser to President Bola Tinubu on information and publicity, said on Tuesday that the Federal […]Read More
A new report by the Nigerian Electricity Regulatory Commission (NERC) reveals that power Distribution Companies (Discos) in Nigeria earned N291.62 billion in revenue in Q1 2024. Simultaneously, the power sector regulator has prohibited NBET from entering into new contracts. The latest data shows that the N291.2 billion was collected from N368.65 billion billed to customers, […]Read More
Copyright © 2022, Energy Planets. All rights reserved
Join our mailing list to receive the latest news and updates from our team.