The Nigerian Content Development and Monitoring Board (NCDMB), has acknowledged the advanced capabilities and proven track record of a leading indigenous service company, West African Ventures (WAV) Nigeria Limited, noting that the firm and others well established Nigerian companies need to pivot to the deepwater segment of oil and gas operations where vast opportunities exist….
Regulators and Operators in the Energy sector will converge at Eko Hotel Lagos on October 9, for this year’s Annual Conference organised by the Association of Energy Correspondents of Nigeria (NAEC). The body confirmed that Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil); Rt. Hon. Ekperikpe Ekpo, Minister of State for Petroleum Resources…
Researchers have developed a cooling approach that could enhance solar panels’ performance in scorching weather. The innovation solves a common challenge for solar power in desert areas where panels can reach over 150 degrees Fahrenheit. When panels get this hot, they produce less electricity than they’re capable of. The University of Sharjah team in lndian…
The Nigerian Electricity Regulatory Commission has said that plans are ongoing to implement a net metering arrangement that will enable the export of excess power back into the national grid for commercial value. This commission said the value of solar panels imported into Nigeria in the first quarter of 2025 was N125.3bn, saying this reflects…
A ₦4 trillion bond program aimed at clearing debts owed to power generation companies (GENCOs) was announced by President Bola Tinubu, who appealed to the power companies to grant the federal government more time to complete the verification and validation of the longstanding debts. Bayo Onanuga, Presidential Spokesman, in a statement, said the President made…
Developing nations require huge investment in infrastructure to effectively drive their energy transition. The Managing Director and Chief Executive officer of Nigeria LNG, Dr. Philip Mshelbila, stated this in Houston, USA while speaking at a Global leadership panel on Energy inclusion: Widening access to natural gas and LNG to support the transition to lower -carbon…
Nigeria LNG Limited has reiterated its commitment to climate action, leveraging cutting-edge technologies to reduce emissions and promote sustainable energy development. The Deputy Managing Director of Nigeria LNG, Olakunle Osobu made the pledge while speaking at a panel session on ‘Stimulating early-stage investment into climate technologies to meet net zero goals’, at Gastech Climatetech &…
September 17, 2024020 Special Adviser to the President on Energy, Olu Verheijen, speaks at the inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC. on Tuesday. The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency…
The Nigerian National Petroleum Company Limited, NNPCL, has reached an agreement to sell crude oil to Dangote Petroleum Refinery in Naira.The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, made this confirmation on Tuesday via its X handle, @NMDPRA_Official. According to NMDPRA, the NNPCL reached an agreement to commence crude oil sale and supply to…
