Nigerians have experienced another nationwide blackout following the collapse of the national power grid, marking the first grid failure in December 2024. This incident is the fourth grid collapse in the past three months, leaving many parts of the country grappling with prolonged power outages. Some regions are still recovering from the previous total system […]Read More
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has announced plans to bid for additional oil and gas blocks offshore Indonesia and ramp up hydrocarbon exploration in the Natuna Sea. This was disclosed by the CEO of Kuwait’s state oil firm during an interview with Reuters on Monday. KUFPEC operates as an international upstream company, focusing […]Read More
Norwegian energy giant Equinor has officially exited the upstream oil and gas markets in Nigeria and Azerbaijan after completing asset sales worth $2 billion, the company announced on Monday. Equinor revealed it will receive $745 million from the sale of its portfolio in Azerbaijan and up to $1.2 billion for its Nigerian assets. The deals, […]Read More
Argentina’s Vaca Muerta shale play reached a new oil production record of 400,000 barrels per day in the third quarter and is on track to hit one million barrels per day by 2030, according to Rystad Energy’s latest analysis. That’s what Rystad stated in a release sent to Rigzone by the Rystad team recently, adding […]Read More
Lagos State Governor Babajide Sanwo-Olu has officially signed the Lagos Electricity Bill 2024 into law. This legislation represents a significant step towards the state government’s objective of delivering a 24-hour electricity supply across Lagos, marking a major advancement in its power sector reforms. The bill follows the 2023 decision by the Federal Government to grant […]Read More
Libya’s National Oil Corporation (NOC) has announced a new production record, reporting daily output of 1,386,030 barrels of crude oil and condensate, alongside 203,017 barrels of oil equivalent (boe) from gas. This brings the country’s total production to 1,589,047 barrels per day, marking a significant achievement for the oil-rich nation. The announcement coincides with stable […]Read More
The Port Harcourt Refining Company has clarified that its operations have not been fully suspended but scaled down to facilitate ongoing upgrades at the facility. Moyi Maidunama, Executive Director of Operations at the Nigerian Pipeline and Storage Company Limited, disclosed this on Sunday during a guided tour of the refinery led by the company’s Managing […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has addressed claims made by a community leader from Alesa, Rivers State, who alleged that the Port Harcourt refinery is not producing petrol. NNPC clarified that the refinery is currently operating at 90% capacity, producing Straight-Run gasoline (naphtha), which is blended into 1.4 million litres of Premium Motor […]Read More
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has revealed that the price of Premium Motor Spirit churned out by the old Port Harcourt Refinery which resumed production on Tuesday, is ₦75 per litre higher than that sold by the Dangote Refinery. Joseph Obele, public relations officer of PETROAN, revealed that petrol supplied […]Read More
The Federal Government of Nigeria has said that 200 trucks are set to load petroleum products daily from the Port Harcourt Refinery. Speaking on his X handle on Tuesday, the Special Adviser on Public Communications and Orientation to the President, Sunday Dare, said that the refinery’s Old Wing has resumed operations with a production capacity […]Read More
Copyright © 2022, Energy Planets. All rights reserved
Join our mailing list to receive the latest news and updates from our team.