EcoStruxure’ll ensure efficiency, boost profitability in organisations — Schneider Electric

EcoStruxure’ll ensure efficiency, boost profitability in organisations — Schneider Electric

ByJerome Onoja Okojokwu-Idu

  Schneider Electric has disclosed that its EcoStruxure platform would help ensure efficiency and boost profitability in organisations across segments. In an interview with Margaret Nongo-Okojokwu of Orient Energy Review, Marketing Communication Manager, Schneider Electric, Mrs. Viviane Mike-Eze, explained that the essence of EcoStruxure is to provide enhanced value around safety, reliability, efficiency, sustainability and…

Nigeria, Mozambique top oil & gas capex outlook in sub-Saharan Africa to 2025

Nigeria, Mozambique top oil & gas capex outlook in sub-Saharan Africa to 2025

ByJerome Onoja Okojokwu-Idu

In sub-Saharan Africa, Nigeria leads with 10 planned oil and gas projects expected to start operations between 2018 and 2025, followed by Mozambique with two projects. In terms of announced projects, Nigeria once again leads with 13 projects, followed by Angola with five announced projects, says GlobalData, a leading data and analytics company. The company’s…

NNPC, Seplat Sign 300mmscfd Gas Deal

NNPC, Seplat Sign 300mmscfd Gas Deal

ByJerome Onoja Okojokwu-Idu

The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company (SPDC), Monday, signed five agreements for the construction of a gas processing plant with an initial capacity of 300 million standard cubic feet per day of gas (MMSCFD).   The NNPC, in a statement in Abuja, said the agreements would expedite the development of a project aimed at…

Local Content Impact: LADOL Set to Host a new FPSO by Shell

ByJerome Onoja Okojokwu-Idu

As Nigeria celebrates the successful anchor of Egina FPSO, a major breakthrough in Nigerian Content policy, the Shell Nigeria Exploration & Production Company, SNEPCo, recently hinted on an ongoing collaboration with the Lagos Deep Offshore Logistics (LADOL), the operators of the Lagos free trade zone in the construction of a new Floating Production Storage and Offloading,…

Egina Success Shows Government’s Commitment to Local Content – Osinbajo

Egina Success Shows Government’s Commitment to Local Content – Osinbajo

ByJerome Onoja Okojokwu-Idu

By Margaret Nongo-Okojokwu   Says govt won’t permit monopoly in maritime, oil sector   Acting President, Yemi Osinbajo (fifth right); with Deputy Managing Director, Total (E&P), Musa Kida (left); Managing Director, Nigerian Ports Authority (NPA), Hadiza Usman; Chairman, LADOL, Ladi Jadesimi; HMoS (Trade & Investment), Aishat Abubakar; Chairman/CEO, Inter Energy Services, Dr. Duran Fawibe; Managing…

BEDC SAYS GRID HIGHLY UNSTABLE, SIGNS MOU WITH IPPS, MINI-GRID PROVIDERS

BEDC SAYS GRID HIGHLY UNSTABLE, SIGNS MOU WITH IPPS, MINI-GRID PROVIDERS

ByJerome Onoja Okojokwu-Idu

The Benin Electricity Distribution Company Plc has described the nation’s power grid as highly unstable, with over 2,000 outages and interruptions recorded in its network coverage area of Delta, Edo, Ekiti and Ondo states between January and July. The Managing Director/Chief Executive Officer, BEDC, Mrs Funke Osibodu, disclosed this during a media briefing in Benin,…

MAN URGES FG TO INTERVENE OVER DEBT DISAGREEMENT WITH DISCOS

MAN URGES FG TO INTERVENE OVER DEBT DISAGREEMENT WITH DISCOS

ByJerome Onoja Okojokwu-Idu

The Manufacturers Association of Nigeria (MAN) has asked the Federal Government to intervene in the ongoing debt disagreements between the electricity distribution companies (DISCOs) and manufacturers to enable them access the stranded 2,000 mega watts of electricity. Making the call in Lagos, during the week, MAN President Dr Frank Jacobs said the condition given by…

RICE SMUGGLING AFFECTS OVER 12 MILLION RICE FARMERS – CUSTOMS

RICE SMUGGLING AFFECTS OVER 12 MILLION RICE FARMERS – CUSTOMS

ByJerome Onoja Okojokwu-Idu

Nigeria Customs Service has disclosed that about 12.2 millions of local rice farmers are being affected by the continuous smuggling of foreign parboiled rice into the country The immediate past Controller, Federal Operations Unit, Zone ‘A’ of the NCS, Comptroller Muhammed Uba, made disclosure in Lagos while displaying some seizures of rice impounded by the…

NIGERIA’S POWER GRID COLLAPSED TWICE IN JUNE, JULY

NIGERIA’S POWER GRID COLLAPSED TWICE IN JUNE, JULY

ByJerome Onoja Okojokwu-Idu

Nigeria’s electricity grid is still witnessing system collapse as it recorded total failure twice in the last two months. Figures obtained from the Federal Ministry of Power, Works and Housing in Abuja on Thursday showed that the system collapsed once in June and it recorded another in July. In first month under review, the country’s…

NIGERIA’S SOVEREIGN WEALTH AGENCY TRANSFERS $417.5M TO NBET

NIGERIA’S SOVEREIGN WEALTH AGENCY TRANSFERS $417.5M TO NBET

ByJerome Onoja Okojokwu-Idu

The Nigeria Sovereign Investment Authority (NSIA) on Thursday said it paid about $417.46 million to the country’s electricity bulk trader, the Nigeria Bulk Energy Trading Company Plc (NBET). This, it said, is contrary to allegations by the Association of Electricity Distributors Investors (AEDI) and the Association of Nigerian Electricity Distributors (ANED) that the Ministry of…