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Power
Indian Refiners Buy More US Crude As Russia Sanctions Tighten
More than 250,000 barrels per day of U.S. crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.
India, the world's third-biggest…
Oil Benchmark Brent Nears $86 On Heightened Supply Concerns
Oil benchmark Brent hovered close to $86 a barrel on Monday as hostilities intensified between Russia and Ukraine and in the Middle East.
Brent crude futures climbed 44 cents to $85.87 a barrel by 1321 GMT while U.S. crude futures gained…
NNPCL Mulls Gas To Trigger Power Generation, Industrialisation
The Nigerian National Petroleum Company (NNPC) Ltd, has said it is shifting focus to move from predominantly a player concentrated on oil to gas, mentioning the focus is to use gas for power generation, and for industrialization, as well as…
Heirs Energies Expands Gas Network, Supplies Gas To Geometric Power
Heirs Energies, Africa’s leading integrated energy company, has announced a further expansion of its gas supply to the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.
Heirs…
Kaduna Electric Plans N350m Injection To Boost Power Supply In Kaduna
In an effort to bring an end to power rationing and the intermittent interruptions of power supply currently being experienced in parts of Kaduna metropolis, Kaduna Electric has earmarked N350m to upgrade the Millennium City Injection…
UTM Solicits NCDMB’s Equity Investment, Approvals For Floating LNG Project
UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals…
NNPCL Says 697 Illegal Pipes Still Connected In Niger Delta Region
The Nigerian National Petroleum Company Limited (NNPC Ltd.) said there are still 697 illegal pipes through which crude oil is stolen in the Niger Delta region.
The 697 illegal pipes are the remnants of the 5,543 illegal connection points…
We’re Working On Reducing Carbon Emissions – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday that the outcome of the 2023 UN Climate Change Conference (COP28) and its agreement, reflected OPEC advocacies on pathways towards reducing carbon emission.…
OPEC Urges Nigeria To Increase Crude Oil Production
The Organization of the Oil Exporting Countries (OPEC) has advised Nigeria to improve crude oil production to continue to be a reliable source of energy to the world.
The Secretary-General of OPEC, Haitham al-Ghais, stated during a…
Reps Plans To Include Downstream Stakeholders On NNPCL Board
The House of Representatives says it is working on plans to amend the Petroleum Industry Act (PIA) to include downstream stakeholders on the board of the Nigerian National Petroleum Corporation Limited (NNPCL).
The Chairman of the House…