Energy

By Teddy Nwanunobi The Ministry of Power, Mr. Giddy Jedy-Agba, on Sunday, commended the Nigerian Bulk Electricity Trading (NBET) Plc. for its contributions to the growth of the power sector. Jedy-Agba noted that NBET’s commitment…
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By Teddy Nwanunobi European gas prices surged again, bringing their gains over just two days to 60 per cent, as the impact of soaring energy costs rippled through equity and bond markets and the European Union sounded the alarm,…
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By Teddy Nwanunobi Wärtsilä, a technology group, has renewed an agreement with Lafarge Africa Plc, one of Nigeria’s leading building material producers, by signing a five-year long-term operation and maintenance (O&M). The…
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"Orice of Gas to power has been reduced from $2.50 to $2.18 with immediate effect" Domestic gas supply to gas-fired generating plants, GENCOs, across the country rose by 516 million standard cubic feet per day (mmscfd) to…
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"For the past one year, the price of LPG has been on the rise, with current refilling price rising by more than 100 per cent, largely because of the scarcity of the product, occasioned by unavailability of foreign exchange for importation,…
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By Teddy Nwanunobi Gas producers at the Platts Asia Pacific Petroleum Conference (APPEC 2021) have predicted that global gas demand is anticipated to achieve pre-pandemic ranges by early 2022, because the financial system shrugs off…
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· Maintains oil, natural gas will be relevant till 2045 By Teddy Nwanunobi The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), HE Mohammad Sanusi Barkindo, on Tuesday, took part in the opening…
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In its continued quest to strengthen global efforts of designing a more resilient, sustainable electric world, Schneider Electric, the leading firm in digital transformation, energy management and automation, has showcased pioneering…
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The Nigerian National Petroleum Corporation (NNPC) has opened a new collaboration discussion with TotalEnergies especially on gas production and reservations. The Group Managing Director of the corporation, Malam Mele Kyari gave the…
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“DPR cannot sit back and watch the danger the existence of these illegal facilities portend to the lives and property of citizens.” The Department of Petroleum Resources (DPR), in Abuja, on Thursday sealed 11 illegal gas plants and…
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