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Crude oil production hits 2.2mbpd in Oc —Kachikwu
THE Federal Government has put the country's crude oil production for October at 2.2 million barrels per day (mbpd). This represents an increase of 4.16 per cent relative to August output.
NERC approves eight new licenses to generate 1,648mw of electricity
The Nigerian Electricity Regulatory Commission (NERC) has stated that it has given approval to eight new companies with a combined capacity to generate 1,648.25 megawatts (MW) of electricity, operational licenses to begin developing their respective projects.
Sahara Energy defends DPR's allegation of sales of fuel at unapproved price
With the recent sanction against some oil companies in Lagos for profiteering, Sahara Energy Resources Limited has said the Department of Petroleum Resources (DPR) did not give the company an opportunity to provide available documentary evidence that would have addressed allegations bordering on compliance with approved price for sale of Petroleum Motor Spirit (PMS) known as fuel used by motorists.
2016 budget: Nigeria's $38pb not sustainable—LCCI
Lagos Chamber of Commerce and Industry (LCCI), has said that the draft 2016 budget benchmark for crude oil at $38 per barrel looks very fragile, unsustainable and needs a downward review.
NERC grants licence for power plant expansion
Stories by UGO AMADI
In a bid to increase power supply for industrial development, the Nigerian Electricity Regulatory Commission (NERC), has granted licence to Ibom Power Company (IPC), to expand the capacity of Ibom power plant from 191Mega Watts (MW) to about 685MW.
Climate change conference monumental triumph—UNEP
Ugo Amadi with Agency report
With countries reaching a new agreement at the United Nations climate change conference (COP21), the global meeting has been qualified as a "monumental triumph" by top UN officials. While many continued to hail the outcome document as the walls of COP21 were torn down on the UN News Centre looked back on other aspects that contributed "positive energy" to the two-week event.
Shell boosts access to smart energy
As part of its efforts to inspire entrepreneurs with bright energy ideas that open up access to energy in Africa and beyond, Shell Nigeria has unveiled Africa's first human and solar-powered football pitch in Lagos.
NAPE say Industry needs to evolve new strategies and tactics to better fund JVs
In a bid to ensuring survival of the IOC's , Stakeholders in the energy sector has revealed that the industry needs to evolve new strategies and tactics to better fund JVs, particularly the creation of independent IJVs.
EKEDC promises improved power supply during yuletide.
Eko Electricity Distribution Company (EKEDC) has assured its customers that everything is being done to ensure regular power supply in all areas within its operational territory during the yuletide period. Dropping this hint was the Head Corporate Communication of the company Mr. Godwin Idemudia while speaking to newsmen on Wednesday.
CATEIN educates electricity consumers against cheating in power sector
Citizens Access to Electricity Initiatives (CATEIN) has stormed Idumota Market in Lagos educating electricity consumers on their rights to fight cheating in power sector.
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