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Dangote Refinery enlists Ardova, Heyden in price control
Sopuruchi Onwuka Nigeria’s major private fuel producer, Dangote Petroleum Refinery, has struck additional offtake deals with two major marketing firms: Ardova Plc and Heyden Petroleum. The company stated that the bulk offtake deals are designed to ensure a steady supply…
Divestments: Local Content and Nigeria’s deepwater future
Sopuruchi Onwuka Projections by industry experts on the fate of the Nigerian deepwater petroleum explorations and production activities continue to be divided as foreign international oil companies that opened up the terrain showed little or no interest in capturing more…
Korea introduces fire-proof EV battery that holds 87% power after 1000 cycles
Researchers at the Daegu Gyeongbuk Institute of Science and Technology (DGIST) in South Korea have developed a triple-layer solid polymer electrolyte containing a lithium-ion battery that can extinguish itself if it catches fire, a statement from the institution said. The…
LNG demand upbeat as Russia shuts pipeline to Europe
Sopuruchi Onwuka Players in gas liquefaction and export should brace for more spot transactions as critical demand surge is expected from European countries that would now cease receiving pipeline gas from Russia after Ukraine terminates transit agreement. Both Russia and…
Falling crude prices to maintain pull on petrol prices in 2025
Sopuruchi Onwuka The price war between the two main refiners in the country-Nigerian National Petroleum Company Limited and Dangote Industries Limited-will intensify in the new year to maintain strong pull on petrol prices as projections are unanimous that crude oil…
NERC authorizes Ogun State to regulate electricity market
Sopuruchi Onwuka The National Electricity Regulatory Commission (NERC) has finally authorized the government of Ogun State to conduct regulatory activities in the electricity market in the state. According to a public notice circulated from the Public Affairs unit of NERC,…
Axxela, other investors grab stakes in Eko Disco
New investors to transform EKEDC into integrated power firm Sopuruchi Onwuka A number of deep pocket investors have acquired significant equity stakes in the Eko Electricity Distribution Company (EKEDC) Limited, clearing the path for the power marketing company to transform…
