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Germany hits 50,000 megawatts of wind power
Germany has declared that it has generated over 50,000 megawatts of electricity from wind, as the European continent tries to diversify its energy sources in the face of gas wean from Russia. Reports by agency sources quoted that data from…
Furore over N 625 billion 13 percent refund to Niger Delta states: Gov. Diri unveils big ticket projects
From CHRIS EZE, Yenagoa In what is seen in many circles as a subtle reaction to the allegation of mismanaging the 13 percent derivation refund to the Niger Delta states, Bayelsa governor, Senator Douye Diri on Tuesday showcased some multi…
Gas man in the Decade of Gas: Aka Nwokedi drives NGA into 2023
Sopuruchi Onwuka As his entire life continues to swirl in the world of petroleum gas, Mr Akachukwu Adeyinka Nwokedi enters the new year with a new role that will properly define him as a complete gas man who will lead…
Fuel scarcity: Market players blame government
*MOMAN pledges enhanced distribution for yuletide Sopuruchi Onwuka Key stakeholders in the Nigerian petroleum market have blamed the prevailing fuel supply instability in the country on regulatory failure, infrastructure obsolescence, acute foreign exchange crunch and lack of resource accountability by…
Nigeria is trapped between energy poverty, climate impact __NNPC
The twin impacts of energy poverty and climate change have wedged Nigeria between conflicting needs for decarbonisation and energy security through technologies that deliver both simultaneously. The Nigerian National Petroleum Company Limited declared at the Practical Nigerian Content (PNC) Forum…
Nigerian steel mills going obsolete
Private sector invests $500m in new mills Sopuruchi Onwuka The Nigerian steel industry can only thrive in the private sector, after initial government investments have gone moribund and technologically obsolete. However, the Organized Private Sector of the Nigerian economy has…
NCDMB hits 54% Nigerian Content quotient
Charges indigenous companies on compliance Mid-way into a 10-year Strategic Road Map for enhanced indigenous participation and utilisation of local assets in oil and gas operations, industry regulator Nigerian Content Development and Monitoring Board (NCDMB) has recorded a 54 per…
UNN-ASUU protests withheld salaries by FG
Chinedu Nwafor, Abakaliki The Academic Staff Union of Universities (ASUU) University of Nigeria Nsukka Chapter, has protested the pro-rata October salary payment and backlog of 8-month salaries owed its members by the Federal Government.During the protest, theunion directed lecturers to…
EU considering $62/bbl for Russian oil cap
European Union states debated whether to set a price cap as low as $62 a barrel on exports of Russian crude oil after several countries demanded a level that could put more pressure on Moscow, but the talks remain stuck,…
Biden relaxes sanctions on Venezuela, Chevron to resume ops
The U.S. government is allowing Chevron to pump Venezuelan oil, following an agreement signed by representatives of President Nicolás Maduro and the opposition aimed at helping Venezuela out of its crisis. Venezuela’s government and its opposition on Saturday agreed to…
