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Chevron Joins Shell, ExxonMobil, Others to Offload Assets in Nigeria

As deteriorating oil production wearies productivity, the American oil giant, Chevron has decided to offload some of its assets in Nigeria. The Multinational, like its competitors, Shell, ExxonMobil, and Agip is putting on offer its stakes in two Nigerian offshore oil and gas blocks. It is understood that the company seeks to dispose of aging …read more →

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NCDMB Lauds NLNG, Daewoo Over Local Capacity Development 

The Nigerian Content Development and Monitoring Board, NCDMB, has hailed the Nigeria LNG Limited, NLNG, and its contractor, Daewoo Nigeria Limited, for their investment in local capacity development, stressing the importance of extending such capacities to benefit other sectors of the Nigerian economy. Executive Secretary of NCDMB, Engr Felix Omatsola Ogbe gave the commendation when …read more →

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Nigeria to Unveil 2024 Licensing Round Details at IAE Forum

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, will showcase its 2024 licensing round at a dedicated “Invest in Nigeria” session at the Invest in African Energy forum in Paris next week. Responsible for the technical and commercial regulation of upstream petroleum operations in Nigeria, the Commission will unveil its energy development strategy for 2024, including …read more →

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Sapele Power PLC partners Africa + Rain Cage Ltd

Africa + Rain Cage Ltd (A+RC), a subsidiary of Rain Cage Carbon Inc. (RCC), announces the world’s first renewable energy contract created from an entirely new power source – Advanced Carbon. Put together by pan-African advisory firm CLG (formerly Centurion Law Group), the agreement with Sapele Power PLC (SPP) aims to decarbonize its Nigerian power plant and …read more →

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Nigeria Cuts Back on Electricity Export to Boost Domestic Supply

Nigeria’s electricity regulator has ordered the grid operator to cut back supplies to customers overseas to boost domestic supply. In a directive issued last Friday, the Nigerian Electricity Regulatory Commission (NERC) said the grid operator’s current approach in managing supply has caused significant hardship for Nigerians because supply under bilateral contracts, including export to international …read more →

ENERGY Infrastructure News & Reports Power

C’River, REA Partner for Mini-grid Electricity in Rural Communities 

Cross River State governor, Bassey Otu, has announced his administration’s readiness to provide the counterpart funding requirements for the Rural Electrification Agency, REA, to set up mini-grid power supply in rural communities in the state. This move is aimed at boosting the nano and  micro-economies of the state and improving productivity levels, especially in the …read more →

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Wärtsilä to Operate & Maintain 50MW Power Plant in Kogi

Technology group Wärtsilä has signed a ten-year Operations and Maintenance (O&M) Agreement for a captive power plant providing the energy for a Nigerian cement producing facility. The new cement plant is owned by Mangal Industries and is located in Kogi State, Nigeria. The order was booked by Wärtsilä in Q2, 2024. The power plant is critical …read more →

Economy ENERGY Infrastructure News & Reports

NUPRC Leads Industry Dialogue on Divestment 

In a bid to foster transparency and efficiency in the Nigerian oil and gas sector, Engr. Gbenga Komolafe, the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has spearheaded an industry dialogue focused on divestment. The dialogue, which centered on the divestment framework initiative, attracted key stakeholders within the oil and gas …read more →

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OPEC+ is Likely to Extend Production Cuts in June

Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months when ministers review output allocations on June 1. The tightening of petroleum supplies and depletion of inventories widely anticipated at the start of the year have failed to materialise so far. If OPEC+ (Organisation of the …read more →

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Power Minister unveils Siemens mobile substations in Lagos & Kebbi

The implementation of the Federal Government-Government Siemens deal gains further momentum as additional mobile substations are inaugurated in Lagos and Birnin Kebbi, signaling a significant stride towards bolstering the nation’s transmission network. Minister of Power, Adebayo Adelabu, presided over the inauguration ceremonies, hailing the mobile substations as crucial infrastructure poised to catalyze uninterrupted power supply …read more →