OTC 2024: PETAN leads stakeholders on sustainable energy solutions for Africa’s future The Petroleum Technology Association of Nigeria (PETAN) has led delegates to the 2024 Offshore Technology Conference (OTC) in Houston, Texas, USA, to discuss sustainable energy solutions for Africa’s future. Mr. Kevin Nwanze, Executive Secretary, PETAN, disclosed this in a statement on Sunday in…
Experts Suggest Unbundling Transmission Company Will Enhance Electricity Accessibility. Several power experts have praised the decision of the Federal Government to unbundle the Transmission Company of Nigeria (TCN), expressing optimism about its potential to enhance electricity access nationwide. In interviews with Business Intelligence (TBI Africa) in Lagos, experts hailed the move, initiated by the Nigerian…
Adelabu Commissions 63MVA Mobile Substation in Ajah, Power Generation Hits 4,800MW. In a significant stride towards bolstering Nigeria’s power infrastructure, Mr. Adebayo Adelabu, the Minister of Power, heralded the commissioning of the 63 Megavolt-Amperes (MVA) mobile substation in Ajah as a pivotal moment for businesses and households reliant on uninterrupted power supply. Adelabu announced…
Subsidy removal, currency reforms will revive Nigeria’s economy, says Shettima. Vice President Kashim Shettima has urged Nigerians to be patient with the administration of President Bola Tinubu as he steers the ship of state through the economic turbulence and storm he met on ground on assumption of office. “Soon, Nigeria’s economy will experience significant growth…
Ukraine Offers Assistance to Help Nigeria Address Troubled Power Sector. The Ukraine-Nigeria Business Council has extended an offer to assist Nigeria in resolving its challenges within the electric power sector through a collaborative effort with the Republic of Ukraine. Mr. Ben Gbade Ojo, President of the Ukraine-Nigeria Business Council, unveiled this proposition on Monday…
NUPRC Accelerates Oil Asset Divestment, Set To Boost Nigeria’s Daily Production by 700,000 Barrels. Nigeria’s oil industry is on the brink of transformation as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) accelerates divestment, paving the way for multibillion-dollar deals and bolstering indigenous investment. According to sources familiar with the matter, the NUPRC is expediting the…
Lagos-Calabar Coastal Highway not priority – Obi Labour Party (LP) presidential candidate in the 2023 general election, Mr. Peter Obi, has responded to allegations of incitement from the Federal Government regarding his stance on the Coastal Highway Project. Obi reaffirmed his position that the trillions of Naira Coastal Highway Project is not a priority in…
FG reiterates commitment to pipeline distribution of gas to investors Minister of State for Petroleum Resources (Gas) Mr Ekperikpo Ekpo said, “Licensed distributors of Compressed Natural Gas (CNG) should invest in the installation of pipelines to deliver gas directly to end users.” Ekperikpo made this statement on Wednesday in Abeokuta, Ogun State, aftermath an incident…
Federal Government Commences 2024 Oil Bid Rounds The Federal Government of Nigeria has officially announced the commencement of the 2024 oil bid rounds in alignment with the provisions of the Petroleum Industry Act (PIA). This significant announcement was made during the first edition of the NEITI House Dialogue, organized by the Nigerian Extractive Industries Transparency…
I have signed Executive Order to unlock $10 billion investment in oil and gas – Tinubu President Bola Tinubu announced on Tuesday, April 30, that he recently authorized an Executive Order aimed at unlocking approximately $10 billion in fresh investments within the nation’s oil and gas sector. Speaking at the commencement of a two-day…
