The Rural Electrification Agency (REA) has stated that it just crystallised $750 million in funding that would provide electricity access to 17.5 million Nigerians. According to the agency, 1.5 million Nigerians grew interconnected mini-grids to enhance electricity reliability. “Three million of them grew isolated mini-grids to create electricity access for the first time, and about […]Read More
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rejected the proposed $1.3 billion sale of onshore oilfields to the Renaissance Group, citing the buyer’s lack of qualification to manage the assets, according to a Reuters report. Shell, which owns the assets via Shell Petroleum Development Company (SPDC), stated it was providing […]Read More
At least 90 people are feared to have died after a petrol tanker explosion occurred along the Kano-Hadejia expressway in Taura Local Government Area, Jigawa state. The death toll from the blast, which took place on Tuesday evening in Majiya, a village, is expected to increase. Shi’isu Adam, the Police Spokesperson for Jigawa state, confirmed […]Read More
The Transmission Company of Nigeria (TCN),says the cause of the sixth grid collapse this year which threw the nation into blackout on Monday, is still unknown. Investigation into the cause of the incident will be carried out as soon as the grid is fully restored,Ndidi Mbah, the General Manager, Public Affairs,TCN said in a statement […]Read More
Nigerians were once again left without electricity after the national grid collapsed on Tuesday morning, less than 24 hours after a previous failure on Monday evening. According to data from the Nigerian System Operator’s portal (niggrid.org), the grid recorded an unprecedented drop to zero Megawatts (MW) by 9:30 am on Tuesday, despite showing an improvement […]Read More
The Nigerian power grid collapsed once again on Monday, 19 October 2024, marking the sixth time this year that the entire country has been plunged into total darkness. According to data from the Nigerian System Operator’s portal (niggrid.org), by 7:00 pm and at the time this report was filed, the grid had registered an unprecedented […]Read More
Libya’s crude oil production has recovered to 1.3 million barrels daily, the National Oil Corporation has reported, following the resolution of a political dispute over the appointment of a new governor to the nation’s central bank. “Efforts are still ongoing to increase production levels,” NOC also said. Crude production at most Libyan oilfields was suspended […]Read More
Dangote Group has announced its search for a floating production, storage, and offloading (FPSO) vessel with a capacity of 650,000 barrels to support its planned oil production. The company anticipates beginning production at its two Nigerian oil assets, Oil Mining Leases (OMLs) 71 and 72, in the fourth quarter of 2024 (October to December), following […]Read More
The federal government has approved a new system allowing petroleum marketers to obtain petrol directly from the Dangote Refinery, bypassing the Nigerian National Petroleum Company (NNPC) Limited. In a statement on Friday, Wale Edun, the Minister of Finance and Chairman of the Naira-Crude Sale Implementation Committee, shared updates on the progress of crude purchases and […]Read More
A consortium led by the U.S. oil giant ExxonMobil has completed the initial exploration phase southwest of the Greek island of Crete and has opted to proceed to the second stage, according to Greece’s state-owned Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) on Thursday. ExxonMobil and Helleniq Energy are collaborating on these exploration studies […]Read More
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