US Firm To Build 300MW Solar Plant In Enugu

US-based renewable energy power firm, Motir DuSable Power Investment Limited, is to build a 300 MW solar plant in Enugu State. The first phase of the project, estimated at about $200million will inject 100 Megawatts of power into the national grid, which will subsequently be increased to 200 MW in the second phase. The drivers […]

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We Are Not Aware Of Increase In Price Of Kerosene – IPMAN

President of Independent Petroleum Marketers Association of Nigeria (IPMAN) Elder Chinedu Okoronkwo has denied knowledge of any increase in pump price of Dual Purpose Kerosene (DPK) known as kerosene. Okoronkwo in a telephone interview with Leadership yesterday said as at Friday, the Nigerian National Petroleum Corporation (NNPC) was selling the product at N135 per litre. […]

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OPEC Predicts Rise In Crude Oil Price Next Month

The Organization of Petroleum Exporting Countries, OPEC, yesterday said it was confident that the prices of crude oil would rise by next month as against the current low prices at the International market. OPEC’s President, Mohammad Al-Sada, contended that the rise would be as a result of expected higher demand ahead of the winter season […]

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Nigeria, Others Record 26% Job Cut In Oil Production

Data obtained from the United States, US, Energy Information Administration, EIA, has put the continued decline of employment in the oil and natural gas production across the world at 26 percent between 2014 and 2016. The report, which captured between October 2014 and May 2016, stated that employment in oil and gas production reached a […]

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NNPC Moves To Increase Refining Capacity

Nigerian National Petroleum Corporation, (NNPC), said it was currently undergoing transformation which includes increasing the corporation’s refining capacity. Group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kachalla Baru, who disclosed this while receiving the Spanish ambassador to Nigeria, Mr Alfonso Barnuevo, to the NNPC Towers in Abuja, Thursday, also said that […]

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Power Generation Steadies At 3,000MW

The partial cessation in the disruption of oil and gas installations by vandals and the rise in water levels for hydroelectric plants have resulted in a steady increase in electricity generation in the last one month, according to operational reports from the System Operator. Data obtained from the operator showed that between July 1 and […]

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Buhari Pledges Efficient Gas Supply In West Africa

Nigeria has pledged to ‘stabilise the environment’ to enable it to pump gas across the West African sub-region in furtherance of the objectives of the West African Gas Pipeline (WAGP) project. President Muhammadu Buhari made the pledge in Abuja on Tuesday while addressing a joint news conference with the visiting President of Benin Republic, Mr […]

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Nigerian Gas Sector Could Fix The Country’s Economy

In West Africa, according to President of the Nigerian Gas Association, Bolaji Osunsanya, the association has the ability to grow the country’s economy through investment opportunities in its gas sector. Osunsanya expressed optimism for growth in key areas of the gas sector such as exploration and production, processing, supply and distribution‎, reports the Daily Trust. […]

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