By Central Bank of Nigeria’s Director of Development Finance Department, Dr. Mudashiru Olaitan The key mandate of the development finance department is promoting access to finance to ensure job creation and …
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Gilching, Germany (April 15, 2019) – Torqeedo provided the integrated propulsion system for the world’s first electric-powered freefall lifeboat, which is being built by the Dutch builder Verhoef. The vessel recently passed its …
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Nigerian Electricity Regulatory Commission, NERC, has issued permits to Abuja Electricity Distribution Company Plc, AEDC, and Jos Electricity Distribution Company Plc, JEDC, under its Meter Asset Providers (MAPs) and ordered …
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Lagos State House of Assembly, on Tuesday, urged the National Assembly to expedite action on the passage of the Electricity Reform Act 2018. The lawmakers also urged the Minister of …
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The European Union (EU) and All On – an impact finance outfit, would launch a €30 million worth of electrification financing initiative for off-grid and commercial and industrial captive power …
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The Chairman, House of Representatives Committee on Power, Steel Development and Metallurgy, Mr. Daniel Asuquo has lamented the deepening liquidity crisis in the nation’s electricity market, just as the Committee …
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Ondo state governor, Oluwarotimi Akeredolu on Saturday inaugurated the 85kw Igbatoro Onigari solar mini-grid power project in Akure North. He also launched the pilot of a scalable 45kw cabin-type mini-grid …
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UK-based project developer PAS Solar Limited has been arranged a USD-10-million (EUR 8.8m) syndicated senior debt facility to expand its efforts in Nigeria as it looks to provide clean electricity …
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Enugu Electricity Distribution Company (EEDC) has commenced upgrade of its Agu-Awka Injection Sub-station from 7.5MVA to 15MVA capacity, having taken delivery of a brand new 15MVA power transformer. “This is …
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The Ibadan Electric Distribution Company (IBEDC), has attributed the lack of power supply in Ilesha to the extensive damage done to its distribution network infrastructure, specifically to its Oke-Omiru injection …
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Mainstream Energy Solutions Limited, operators of Kainji Dam and Jebba Hydro Power plants has said it losses an estimated N900 million monthly due to stranded power occasioned by load rejection …
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The Nigerian Electricity Regulatory Commission (NERC), will begin mass metering for electricity consumers by May 1, to bridge the metering gaps in the country. Dr Usman Arabi, NERC General Manager Public …
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Houston, Texas, USA (15 April 2019) – The Offshore Technology Conference (OTC) and United Against Human Trafficking (UAHT) are proud to continue their now five-year partnership to provide awareness, education, …
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SAN DONATO MILANESE, Italy – Saipem has won contracts for offshore drilling with a total value of more than $200 million. One involves drilling two firm plus two optional wells for Wintershall offshore Norway, using …
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New York — U.S. crude oil stocks rose more than expected last week to the highest in nearly 17 months as imports climbed, while gasoline inventories posted their steepest drawdown since …
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Port Harcourt — Prof Chijioke Nwaozuzu has been appointed the new director at the Emerald Energy Institute, Federal University of Port Harcourt. Until then, he was the deputy director at the EEI. …
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Lagos — The International Chamber of Commerce, ICC, International Maritime Bureau, IMB, has released its first quarter 2019 report in which it acknowledged that, in the first quarter of 2019, Nigeria experienced …
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London — An Indian refiner mopped up some crude on Wednesday, though spot sales has been slow for May barrels because of high offer levels. * Less than 10 cargoes remained …
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Lagos — The Nigeria government has revoked Oil Mining Licenses belonging to Pan Ocean and six others, SweetcrudeReports has learned. Sources close to the matter hinted that the decision to withdraw the licenses …
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Lagos — A hybrid retrofit installation, featuring an energy storage solution from the technology group Wärtsilä, will significantly enhance the efficiency and environmental performance of the ‘Harvey Energy’, a platform supply vessel …
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Yenagoa — Seplat Petroleum Development Company Plc has emerged as the Nigerian Content Development and Monitoring Board, NCDMB’s most impactful independent upstream operating company for its local content initiatives at the Nigeria Oil and …
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Shell Nigeria will invest $15 billion in the oil and gas sector in the next five years amidst concerns that investment in the sector is shrinking AMIDST growing concerns …
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TWO Chevron companies, Texaco Nigeria Outer shelf Limited, TNOS, and Star Deepwater Petroleum Limited and their partner and parties in the OML 132 and Agbami field respectively, have donated a …
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RESIDENTS of Port Harcourt, the Rivers State capital, and its environs are currently experiencing fuel scarcity as long queues have returned to filling stations. Our correspondent observed that the scarcity …
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Electricity Generation Compa- nies (GenCos) say it released 3,522 megawatts of electricity into the national grid on April 7.GenCos disclosed this in its daily ener- gy report released on Monday …
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LAGOS – Nigeria’s Minister of State for Petroleum Resources,Dr. Ibe Kachikwu has promised to reposition the African Petroleum Producers’ Organization(APPO) as a global force to be reckon with. Kachikwu,who was last …
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Equatorial Guinea launched 26 onshore and offshore blocks during the presentation of its open licensing round at the APPO CAPE VII Congress & Exhibition on Wednesday, announced by H.E. Teodoro …
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Oslo, NO – 8th April 2019 – DeepOcean Group, a leading global subsea service provider, celebrated its 20-year anniversary on 8th April 2019. Two decades of successfully serving its international …
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The Nigerian Content Development and Monitoring Board (NCDMB) has held the final phase of engagements with oil and gas industry stakeholders on the draft Nigerian Content Ministerial Regulations. The latest …
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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has asserted that the ongoing development of the Nigerian Oil and Gas Park Scheme (NOGaPS) …
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