MG VOWGAS has commissioned a newly installed 200-ton heat treatment furnace and state-of-the-art dishhead forming machine at the company’s yard in Port Harcourt, Rivers State. Commissioning the facilities, The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote lauded the engineering, procurement and construction (EPC) firm for its remarkable local content performance, …read more →
ENERGY
Kaduna Refinery To Be Ready By Q4 2024—Minister
The Nigerian National Petroleum Company Limited (NNPCL) which reported this on its X (Twitter ) handle stated that the Minister disclosed this during an inspection tour of Kaduna Refinery & Petrochemicals while assessing the progress of work on the ongoing quick-fix project of the Refinery in Kaduna on Saturday. Lokpobiri said he is confident that …read more →
FCMB Offers N10 Million Clean Energy Loan to Households and Small Businesses
Nigerian households and small businesses looking to acquire solar panels, batteries, inverters, and other green energy equipment now have access to as much as N10 million to buy these assets through the First City Monument Bank (FCMB) Energy Finance Loan. The loan is designed to help homes and small businesses like hospitals, schools, restaurants, bars, …read more →
MOFI May Sell State Infrastructure Firms, IPOS to Strategic Investors
The Ministry of Finance Incorporated, MOFI is considering selling stakes in 20 state-run companies in a bid to raise funds and improve governance at the entities. The Chief Executive Officer of the Ministry of Finance Incorporated, MOFI, Armstrong Takang, said that the Nigerian National Petroleum Company Limited, NNPC, is among the firms the government may …read more →
Tinubu Vows to Eradicate Hurdles Across the Entire Power Sector Value Chain
PRESIDENT Bola Ahmed Tinubu, on Friday, declared that despite the nation’s current rate of energy supply, his administration is poised to address all the obstacles militating against stable electricity supply in the country. He said his administration will bring solutions to the multifarious challenges across the electric power sector value chain which will significantly relieve …read more →
NNPCL Seals Deal with NIPCO to Deploy CNG Stations Across Nigeria
In line with the directive of President Bola Tinubu to provide alternative fuel option to Nigerians following the removal of subsidy on Premium Motor Spirit, the Nigerian National Petroleum Company Limited has entered into partnership with NIPCO Gas Limited to develop Compressed Natural Gas stations across the country. Kyari said the move is part of …read more →
Ghana Tullow Oil’s Jubilee Offshore Field Hits 100,000 bpd Per Day
Oil company, Tullow said that production from its Jubilee oil field offshore Ghana had surpassed 100,000 barrels of oil per day, following the recent start-up of the Jubilee South East (JSE) Project. “Gross production from the field has surpassed 100,000 bopd, after a second JSE production well was brought onstream. Both of the JSE wells …read more →
Nigeria Is Not Transiting Away from Hydrocarbon, Says GCEO of NNPCL
The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPCL), Mele Kyari, has said that Nigeria is not transitioning away from hydrocarbons; however, stakeholders hope to see an increase in the footprint of alternative cleaner energy sources in the foreseeable future amid fossil fuel dominance. He said we use what we have to …read more →
Asharami Energy Zambia Receives ‘A’ Rating from Energy Regulation Board
Asharami Energy Zambia, a Sahara Group Company, has been awarded an “A” rating by the Energy Regulation Board of Zambia in recognition of its exceptional performance and quality service to customers in the region. The Regulatory body rated the Asharami Energy Zambia Retail Station on Mungwi Road Lusaka, “A” for outstanding service delivery. According to Dipo …read more →
Shell to Supply Morocco With LNG in a 12-year Deal
Shell (SHEL.L) will supply Morocco with an annual 0.5 billion cubic metres (bcm) of liquefied natural gas (LNG) under a 12-year deal, the North African country’s energy ministry said on Friday. The deal was signed by electricity and water utility ONEE and Shell, a ministry statement said without disclosing financial terms of the transaction. The …read more →