Skip to content
Net Zero climate targets to cost $276 trn
Sopuruchi Onwuka Reaching the climate redemption targets set by the world governments and institutions would task the global economy with significant $276 trillion between 2020 and 2030. The huge figure translates to annual cost of e $9.2 trillion in cumulative…
Husk Power Systems to build 500 minigrids in Nigeria
Signs U.N. Energy Compact to connect 1m users to 5,000 minigrids Sopuruchi Onwuka Microgrid electricity provider, Husk Power Systems, has declared intention to expand its rural clean energy services in Nigeria and other nations in Africa and Asia where it…
Ardova’s LPG facility to go live by December
Sopuruchi Onwuka Integrated petroleum marketing company, Ardova Plc, has declared that its ambitious storage facility for holding liquefied petroleum gas (LPG) also called cooking gas is targeted for commissioning by the end of the year. The company which held a…
Pulling Seplat Energy from the precipice
Sopuruchi Onwuka The board crisis that currently rocks Nigeria’s leading indigenous petroleum exploration and production company, Seplat Energy Plc, fits into the caste of Nigerian business partnerships. Perhaps the only difference is that the prevailing board dispute is totally unexpected,…
NCDMB, Navy to collaborate on vessel compliance, security
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Navy on Wednesday agreed to collaborate closely to enforce the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in maritime operations by curbing the use of non–compliant and…
Energy transition: Africa to host 2 bn cars by 2040
Sopuruchi Onwuka Nigeria and other developing economies of the world must brace to host about two billion vehicles that are fired with petroleum fuels as the industrialized nations that currently champion the global movement for energy transition plan total switch…
Nigeria turns an OPEC laggard as oil demand surges above 100 mbd
Sopuruchi Onwuka Nigeria’s crude oil production maintained fluctuating trend in December 2021, shedding 43,000 barrels per day to end the year at 1.338 million barrels per day. According to the Monthly Oil Market Report of the Organization of Petroleum Exporting…
NLNG set to crash domLPG prices with supply glut
Sopuruchi Onwuka Africa’s largest gas processing company, the Nigerian Liquefied Natural Gas (NLNG) Limited, has determined to take full responsibility in supplying the domestic market with natural gas liquids mainly used as cooking gas. The company also warned the public…
Vandals throw power sector into crisis
Sopuruchi Onwuka Separate vandal attacks on two key gas pipelines have triggered fuel supply crisis across the nations upstream power sector, with operators of major thermal stations drastically cutting electricity generation due to acute gas shortage. Our enquiries showed that…
NIPCO positions for new regulatory environment
Sopuruchi Onwuka The Nigerian Independent Petroleum Company (NIPCO) has declared readiness to align its operations with the emerging regulatory environment as the Petroleum Industry Act (PIA) rolls into effect. The Oracle Today reports that the new law comes with far…
