News

Nigeria Climate Innovation Centre Completes All on Hub- Sponsored 2020 Embryo Incubation Program

The winners of the 2020 edition of the Nigeria Climate Innovation Centre’s (NCIC) Embryo Incubation Program, sponsored by the All On Hub, were announced today on the Power Solutions Radio Show on Nigeria Info FM in Lagos and online.

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FG Omits IOCs, Local Oil Producers in Consultations Over Revised PIB

The Federal Government has re-introduced a revised version of the Petroleum Industry Bill (PIB) which lawmakers are expected to pass into law before the end of the year, but unlike in previous versions, the input of oil sector operators was not sought in drafting it, which could impact both quali

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More Economic Shock Looms as Oil Demand Forecasts Trend South

Two forecasts for oil demand by respected energy sector stakeholders point to a bleak future for the sector and even worse economic outlook for countries like Nigeria that rely on crude oil to fund their budgets.

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Who has Key to Unlocking Stranded Oil Field OML11?

The Department of Petroleum Resources ( DPR) is currently running the 2020 bid round for 57 marginal oil fields located offshore, swamp and onshore terrains in the Niger Delta. This exercise is expected to be concluded this year 2020.

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FG Confirms Siemens' Plan to Upgrade 105 Sub Stations in Power Deal

The electricity deal between the Federal Government and Siemens AG will impact on upgrade of 105 power substations and the construction of 70 new ones,

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Opportunities from COVID-19 for Distributed Renewable Energy Companies

Coronavirus pandemic is speeding up the adoption of distributed renewable energy solutions to complement inadequate supply from the national grid. It is also quickening the development of a local supply chain.

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Chevron in Search of Subsea Vessel for Long Term Deal at Agbami Field

Nigeria’s third-largest oil producer Chevron is in search for a subsea vessel for long-term deal to support operations at its Floating Production, Storage and Offloading unit (FPSO) on $3.5 billion Agbami oil field project, one of the largest deepwater discoveries in the country

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NELMCO Saves FG N92 bn on PHCN Liabilities- MD

The Nigerian Electricity Liabilities Management Company, NELMCO on Thursday said it has saved the federal government the total sum of N92 billion through discount solicitation and renegotiation of the Power Holding Company, PHCN Liabilities.

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NELMCO Saves FG N92 bn on PHCN Liabilities- MD

The Nigerian Electricity Liabilities Management Company, NELMCO on Thursday said it has saved the federal government the total sum of N92 billion through discount solicitation and renegotiation of the Power Holding Company, PHCN Liabilities.

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Fuel Queues Loom as Government's Swap Deals come Under Pressure

Long queues could soon return to petrol stations across Nigeria as the Pipelines and Product Marketing Company (PPMC), the downstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), is finding it increasingly difficult to sustain the country’s unique arrangemen

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