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US Gulf crude oil export to hit 4.8 mbd in 18 months
Sopuruchi Onwuka The stormy market turbulence caused by the Russian invasion of Ukraine and the scramble by producers to take greater supply roles will see the United States ramp up exports from its southern ports by significant 1.5 million barrels…
Eroton searching containment solution to wild well oilspill
Indigenous independent oil producer, Eroton, has declared that it needs help in containing a wild well that has been spilling crude oil onto the wetlands of its operational site Niger Delta where vandals are suspected to have broken the wellhead….
NLNG reiterates commitment to 100% LPG production to the domestic market
Nigeria LNG Limited has reiterated its commitment to 100% of its Liquefied Petroleum Gas (LPG) production to the domestic market to support the growth of LPG utilisation in the country and help reduce the health, safety and environmental risks associated…
Kyari, Abiodun laud Ogbechie on Rainoil’s milestones
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari and the Governor of Ogun State, Prince Dapo Abiodun has commended the founder and Group Managing Director of Rainoil Limited, Dr. Gabriel Ogbechie and the…
Savannah’s Accugas boosts supply to Sahara’s power plants
Savannah Energy PLC has announced commencement of gas sales to Trans Amadi power plant operated by First Independent Power limited in Port-Harcourt, Rivers State. Savannah’s local business unit, Accugas Limited, will under a new deal increase gas supply to FIPL…
NERC to challenge Discos with embedded generation
Sopuruchi Onwuka Electricity Distribution companies in the country will soon be required by the industry regulator to boost supply hours with electricity generated internally within their network concessions. The Oracle Today reports that the requirement which is currently being articulated…
Cheap petrol has become unsustainable, DAPPMAN warns
Sopuruchi Onwuka Supply brokers in the domestic fuel market have declared that it has become increasingly difficult to continue supplying petrol to Nigerian motorists at prevailing subsidized rate of N165 per liter, pointing at rising cost of operation and thin…
Africa must invest $25bn to provide power to 600 m people
Governments of African countries, especially those in the sub-Saharan part f the continent, are faced with the challenge of sourcing princely $25 billion or N12.5 trillion for investments in connecting some 600 million people to electric power supply infrastructure. The…
Fuel marketers close shop to demand price increase
Sopuruchi Onwuka A segment of players in the domestic fuel market have started practical demand for price increase by shutting their retail outlets and creating panic among motorists over possible hiatus in the distribution system. Panic buying by desperate motorists…
Again, gunmen kill worshippers in churches
Gunmen attacked two churches in Kaduna State on Sunday, killing three people and kidnapping many others in a double church attacks. Worshippers were attending the church service at the Maranatha Baptist Church and at St. Moses Catholic Church in Rubu…
