Egina FPSO sails away to Egina offshore field after completing works in SHI Nigeria’s Lagos facilities; Source: Samsung Heavy The Egina oil field is located some 130 kilometers off the coast of Nigeria at water depths of more than 1,500 meters. Samsung Heavy won the order to build the Egina FPSO in 2013. The newbuild contract is worth…
By Stan Edom Buying crude oil from Nigeria can be relatively straight forward if the crude oil buyer can buy crude oil from a reliable or genuine crude oil seller (mostly a company that has the ability to lift crude oil from the NNPC) or a crude oil broker (a company who brokers on behalf…
The National Bureau of Statistics (NBS) said 165.71 million litres of Liquefied Petroleum Gas (LPG) was imported into the country in the second quarter of 2018. The NBS disclosed this in its “Petroleum Products Importation and Consumption (Truck Out): LPG (Q2 2018)” report released on Sunday in Abuja. According to the report, April recorded the…
The Managing Director, Shell Petroleum Development Company (SPDC), Mr. Osagie Okunbor, has described the lengthy contracting process in the oil and gas sector as the major blight stunting its growth. Okunbor, in an interview with KPMG magazine, said there was an urgent need to review and shorten the length of the contract threshold. According to…
The Rural Electrification Agency has been awarded a Certificate of Compliance in accordance with the ICRC Act, 2005 & the National Policy on PPP for the deployment of Mini-grids and SHS. The certificate was presented by Mr. Chidi Izuwah, the Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC) to the MD/CEO, Rural Electrification Agency, Mrs. Damilola…
An African electricity supplier has teamed up with the state-owned Nigerian Bank of Agriculture to equip its branches with solar power and boost energy access across the country. Daystar Power and Nigerian Bank of Agriculture have agreed to co-operate to electrify the nation’s rural regions, where it says a “large gap” between electricity production and…
Operator of two of Nigeria’s large hydro power plants – Kainji and Jebba hydro plants – Mainstream Energy, has said it would build a 500 megawatts (MW) solar power plant to complement its electricity production from hydro sources. It disclosed this would happen in partnership with French power firm – Engie, but did not state…
The Managing Director of the Transmission Company of Nigeria, Engineer Usman Gur Mohammed, has said that Nigeria does not have the capacity to build a nuclear power plant for now. Chairman/Chief Executive, Nigeria Atomic Energy Commission (NAEC), Professor Simon Mallam, had, in May this year, disclosed that the country’s first nuclear power plant, with the…
Arnergy, a decentralized utility cleantech company is ramping access to constant energy to enterprises and corporate companies as the healthcare hospitality, education, retail, agribusiness, financial institutions, insurance and service sectors are now taking advantage of its offgrid services, the company has said. Femi Adeyemo, one of Arnergy’s founders said in a recent statement that the…
The federal government thursday commenced a nationwide integrated exploration project, saying eight out of 44 companies that submitted bids for the process were successful. The Minister of Mines and Steel Development, Alhaji Abubakar Bawa Bwari, who launched the scheme, noted that the project, which is under the Natural Resources Fund, would be executed by his…
