The Nigerian National Petroleum Corporation, NNPC, in its newly-released performance report for June 2018, said a total of 744 million standard cubic feet of gas per day, mmscf/d, was delivered to gas-fired power plants in the month. The 744mmscf/d of gas was utilised in the generation of about 2,970MW of power compared with that of…
Nearly 40 percent of daily crude oil production and more than one-third of natural gas output was lost from offshore U.S. Gulf of Mexico wells on Wednesday because of platform evacuations and shut-ins ahead of Hurricane Michael. Michael intensified to a Category 4 storm and is expected to hit the Florida Panhandle later Wednesday with…
A total of 12 students have benefited from the 2018 edition of the Nigerian Liquefied Natural Gas Company Limited, NLNG, post graduate scholarship awards. The postgraduate category which commenced in 2012, has produced a total of 68 scholars who studied or are about to study at leading universities in the United Kingdom, while the undergraduate…
The activities of Samsung Heavy Industries, SHI, in Nigeria are well known for two things: the good and the bad. The good is that it successfully built and delivered the the multi-billion dollar Egina Floating Production and Offloading, FPSO, vessel which is expected to add 180,000 barrels per day of crude oil to Nigeria’s production…
The Muhammadu Buhari administration is stepping up the regulations on money laundering and tax evasion by releasing a new Executive Order tagged ‘Voluntary Offshore Assets Regularisation Scheme (VOARS).’ The new Executive Order (008) takes effect from October 8, the day it was signed by President Muhammadu Buhari. According to a spokesperson of Mr. Buhari, Garba…
Considering opinions of experts, history and developing trends around the country, Majorwave’s editorial team have put forward their predictions based on some risk factors as follows: Heated Political Tension Preliminary elections are being held across all political parties. From the minor to the major parties, primaries have been held for elected positions. We’ve seen the…
Vice President Yemi Osinbajo on Monday said the Federal Government has spent the sum of N15 billion to give interest-free loans to over 300,000 artisans, traders and farmers across the country. The Vice President said this at the 9th presidential quarterly Business Forum at the State House in Abuja. He added that less than N250…
The Transmission Company of Nigeria (TCN), on Tuesday said it wheeled out 94,762.9 megawatts (MW) in Sept., due to increase in generation in the last two weeks of the month. The daily statistics of TCN operations obtained from Nigerian Electricity System Operator (SO), a section of the TCN, indicated that 30,936mw was generated from Sept….
India is to increase collaboration with Nigeria in power transmission, distribution and renewable energy. The Indian high commissioner to Nigeria, Nagabuhushana Reddy highlighted the long-standing relations with Nigeria spanning six decades and the need to identify new areas of collaboration. Reddy added that India is ready to help the present administration achieve its objective of…
