Spot trade remained fairly slow on Monday, as a major industry event in Asia kept activity in Nigerian cargoes subdued, and traders reported little in the way of offers. At the Asia Pacific Petroleum Conference in Singapore, pricing agency S&P Global Platts said it was seeking feedback on possible reforms to its dated Brent price…
The highest production that the Nigeria Liquefied Natural Gas (NLNG) Ltd has delivered to the market in one calendar year is 21Million Tonnes (21MMTPA) and that was achieved in 2017. “From a production stand point, 2017 was our best year. That was the year that we produced the highest volume ever and we delivered 21Million…
Ghana Revenue Authority GRA claims that Oranto Petroleum, the Nigerian owned E&P company, “has been located in Angola and Mozambique”. This “revelation” is in response to a declaration that the company, in partnership with Stone Energy “has still not honoured an outstanding surface rental invoice of $67,438.36 since February 2013”, according to the 2017 report…
The first of the two wells scheduled to set off another round of drilling in Namibia, has come up as a duster. Tullow Oil operated Cormorant-1 exploration well on Petroleum Exploration License 37 (“PEL 37”) offshore the Republic of Namibia encountered non-commercial hydrocarbons. PEL 37 covers 17,295 square kilometers in the Walvis Basin, approximately 420…
Work is far advanced on alternatives to the “renowned” Bonny Terminal Nigerian companies pumping crude oil into the Nembe Creek Trunk Line (NCTL) have advanced so much in progressing alternative routes that several sources are “so sure” that there will be hardly a drop of crude pumped into that line by June 2020. The 97kilometre…
BBOXX has deployed the first of GE’s Hybrid Distributed Power (HDP) systems in the city of Goma, close to the Rwandan border, to connect up to 10 customers GOMA, Democratic Republic of Congo, September 25, 2018/ — BBOXX (www.BBOXX.co.uk), a next generation utility, and GE (www.GE.com) have launched a partnership to provide energy access for…
GE has an installed base of 60 6B gas turbines at various locations with the most recent installation in Cabinda, Angola LAGOS, Nigeria, September 14, 2018/ — With this Project, GE Power Marks 40 Years of Innovation in its 6B Gas Turbine Fleet GE’s Power Services Business Continues Investments in Its Power Generation Fleet with…
The Chief Executive Officer, Association of Nigerian Electricity Distributors, Mr Azu Obiaya, in a recent interview with The Punch has reiterated that there is a need to address the tariff gap in the nation’s power sector. He said; “The problem is that there is a commercial framework that is not working, and this commercial framework…
In the first quarter of 2018, complaints by customers in the power sector were dominated by issues bordering on metering, estimated billing and service interruption, among others. The Nigerian Electricity Regulatory Commission (NERC) revealed this in its 2018 Q1 Report. The commission stated: “Metering and billing dominated the customer complaints, both accounting for 64,197 (that…
No fewer than 444 communities, spread across the 18 Local Government Areas of Edo are without electricity, Yekini Idaiye, the State Commissioner for Energy and Water Resources has said. Idaye made the disclosure in an interview in Benin on Saturday. He said from the figure, 157 communities were yet to be connected to the national…
