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NERC Transfers Ogun Electricity Market Oversight to OGERC
energy news power

NERC Transfers Ogun Electricity Market Oversight to OGERC

December 31, 2024

The Nigerian Electricity Regulatory Commission (NERC) has officially transferred regulatory oversight of Ogun State’s electricity market to the Ogun State Electricity Regulatory Commission (OGERC), in line with the provisions of the amended Electricity Act 2023. Seven states, including Edo, Enugu, Ekiti, Imo, Ondo, Oyo, and Lagos, have also gained regulatory autonomy over their respective electricity […]Read More

India’s BPCL to Invest $11bn in Refinery, Petrochemical Complex
energy news Oil and Gas

India’s BPCL to Invest $11bn in Refinery, Petrochemical Complex

December 30, 2024

Bharat Petroleum Corporation Ltd (BPCL), India’s second-largest fuel retailer, has unveiled plans to invest up to $11 billion in constructing a state-of-the-art refining and petrochemical complex in southern India. This development was revealed by the company’s chairman in a recent interview with Reuters. “We feel there is a big opportunity in refining sector. India’s primary […]Read More

TCN Announces Power Outages in Abuja for Maintenance Work
energy news power

TCN Announces Power Outages in Abuja for Maintenance Work

December 28, 2024

The Transmission Company of Nigeria (TCN) has announced planned power outages in Abuja this weekend to facilitate critical maintenance at two major transmission substations. In a statement issued on Saturday, 28 December 2024, Ndidi Mbah, General Manager of Public Affairs at TCN, confirmed that the maintenance work aims to improve the efficiency and reliability of […]Read More

Tracking the Barrels: NNPC Launches PMCC to Boost Nigeria’s Oil Production, Efficiency
energy news offshore Oil and Gas

Tracking the Barrels: NNPC Launches PMCC to Boost Nigeria’s Oil

December 28, 2024

The Nigerian National Petroleum Company Limited (NNPC), under the leadership of Mele Kyari, has unveiled the Production Monitoring Command Centre (PMCC), a cutting-edge initiative to revolutionise hydrocarbon operations. Spearheaded by NNPC Upstream Investment Management Services (NUIMS), the PMCC builds on the achievements of the Command and Control Centre, aiming to improve monitoring, operational efficiency, and […]Read More

Saipem Secures $1bn Contract for Bonga North Project Offshore Nigeria
energy news offshore Oil and Gas

Saipem Secures $1bn Contract for Bonga North Project Offshore Nigeria

December 24, 2024

Saipem, alongside two Nigerian firms, has clinched a significant offshore contract valued at approximately $1 billion with Shell for a deepwater oil and gas project off Nigeria’s coast, according to Offshore Energy magazine.   The contract, awarded by Shell Nigeria Exploration and Production Company Limited (SNEPCo), involves Saipem delivering Engineering, Procurement, Construction, and Installation (EPCI) services. […]Read More

IPMAN Announces New Petrol Price of ₦935 Per Litre
energy news Oil and Gas

IPMAN Announces New Petrol Price of ₦935 Per Litre

December 23, 2024

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that petrol will now be sold at ₦935 per litre, effective today (Monday). This follows a recent agreement with the Dangote Petroleum Refinery. According to Maigandi Garima, IPMAN’s National President, the reduction in the ex-depot price at the Dangote Refinery has enabled marketers to set […]Read More

NNPC Debunks Reports of Port Harcourt Refinery Shutdown
news Oil and Gas

NNPC Debunks Reports of Port Harcourt Refinery Shutdown

December 21, 2024

The Nigerian National Petroleum Company (NNPC) Limited has dismissed claims circulating in the media that the recently restarted Old Port Harcourt Refinery has ceased operations just two months after its re-streaming. In an official statement signed by Olufemi O. Soneye, NNPC’s Chief Corporate Communications Officer, the state-owned oil company described the reports as untrue. The […]Read More

Dangote Refinery Refutes NNPC’s $1 Billion Loan Claim
energy news Oil and Gas oil-and-gas:Oil and Gas

Dangote Refinery Refutes NNPC’s $1 Billion Loan Claim

December 18, 2024

Dangote Refinery has addressed the recent claim by the Nigerian National Petroleum Company (NNPC) Limited regarding a $1 billion loan backed by crude, reportedly secured to support the refinery during liquidity challenges. In a statement signed by Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, Dangote Refinery refutes NNPC $1 billion loan […]Read More

Lagos Gains Regulatory Autonomy Over Electricity Market
energy news power

Lagos Gains Regulatory Autonomy Over Electricity Market

December 18, 2024

Ikeja Electric to Create Subsidiary The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Lagos State to the Lagos State Electricity Regulatory Commission (LASERC). Lagos Electricity Market Regulatory Autonomy aligns with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the provisions of the Electricity Act 2023 […]Read More

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