The Federal Government is planning more investment in the distribution segment of the power sector. This investment will be in the region of $ 800 million. The Minister of Power, Adebayo Adelabu, disclosed this in far-away China when he visited TBEA Southern Power Transmission and Distribution Industry in Beijing, China. The projects which come under …read more →
ENERGY
Bidders for Warri, Kaduna Refineries must be Debt-free – NNPC
The Nigerian National Petroleum Company Limited has set stringent financial requirements for companies vying to operate and maintain the Warri Refining and Petrochemical Company and Kaduna Refining and Petrochemical Company. In the Expression of Interest document released by NNPC on Saturday, only firms with a minimum average annual turnover of $2bn will qualify for the …read more →
AFC to Support Africa’s Largest Methanol Plant in Akwa Ibom
Africa Finance Corporation (AFC) the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest gas-to-methanol plant, to significantly reduce CO2 emissions by offsetting flaring of natural gas and turning it instead into a valuable chemical for solvents, paints, plastics and car parts. AFC has committed to the development stage …read more →
Oando Secures $783M Acquisition of Eni’s Nigerian Agip Oil
Oando Plc has finalized the acquisition of Nigerian Agip Oil Company (NAOC), a subsidiary of Italian energy giant Eni, for a deal valued at $783 million. The company announced on Thursday through a statement issued by its Chief Compliance Officer and Company Secretary, Ayotola Jagun. With this acquisition, Oando, a prominent energy solutions provider listed …read more →
Tinubu Directs NNPC to Sell Crude to Dangote Refinery in Naira
President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made this known in a post via his official X handle on Monday. Onanuga stated that the move, which is …read more →
NLNG’s Energy-Efficient Chartered Vessel, AKTORAS, Arrives Bonny Terminal for Maiden Loading
AKTORAS, a new state-of-the-art and energy-efficient vessel, recently chartered by Nigeria LNG Limited (NLNG), has arrived at the Company’s Bonny Terminal for its maiden loading of LNG. According to a statement by the Manager, of Corporate Communication and Public Affairs, Sophia Horsfall, the charter of the vessel by NLNG’s shipping subsidiary, Bonny Gas Transport Limited …read more →
NNPC Commissions 12 CNG Stations, to Build Three LNG Stations, 100 CNG Sites
The Group Chief Executive Officer of NNPC Limited Mallam Mele Kyari has declared that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible. Kyari, who disclosed this on Thursday during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos, said in addition to the massive …read more →
Clean Cooking: Sahara Group Advocates Investment in LPG Infrastructure Across Africa
Leading sustainable energy and infrastructure conglomerate, Sahara Group, has emphasized the need for infrastructure development and collaboration among all stakeholders to accelerate accessibility, affordability, and adoption of clean cooking solutions in Africa. Speaking in Paris, at the Summit on Clean Cooking in Africa, organised by the International Energy Agency (IEA), Head, Business Development (Gas), Sahara …read more →
US FERC Votes to Overhaul Electric Transmission System
The U.S. Federal Energy Regulatory Commission approved rules on Monday in a 2-1 vote that set new requirements for moving electricity across states and covering the costs of new transmission projects. The new rules are expected to expand transmission bring more clean power on line and play a key role in the Biden administration’s goal …read more →
Tinubu Commissions Three Major Nigeria’s Gas Projects, Lauds NNPC, Partners
In line with its renewed hope agenda, the Federal Government has reiterated its determination to utilize Nigeria’s abundant gas resources towards revamping the nation’s industrial growth and kickstarting its economic prosperity. President Bola Ahmed Tinubu disclosed this while commissioning three critical gas infrastructure projects executed by NNPC Limited and its partners in Ohaji-Egbema, in Imo …read more →