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Breaking: Sanwo-Olu Signs Lagos Electricity Bill Into Law To Boost Power Supply
energy news Oil and Gas power renewables

Breaking: Sanwo-Olu Signs Lagos Electricity Bill Into Law To Boost

December 3, 2024

Lagos State Governor Babajide Sanwo-Olu has officially signed the Lagos Electricity Bill 2024 into law. This legislation represents a significant step towards the state government’s objective of delivering a 24-hour electricity supply across Lagos, marking a major advancement in its power sector reforms. The bill follows the 2023 decision by the Federal Government to grant […]Read More

Libya Hits Record Oil Output of 1.59mbpd Amid Political Stability
energy news Oil and Gas

Libya Hits Record Oil Output of 1.59mbpd Amid Political Stability

December 2, 2024

Libya’s National Oil Corporation (NOC) has announced a new production record, reporting daily output of 1,386,030 barrels of crude oil and condensate, alongside 203,017 barrels of oil equivalent (boe) from gas. This brings the country’s total production to 1,589,047 barrels per day, marking a significant achievement for the oil-rich nation. The announcement coincides with stable […]Read More

NNPC Refutes Inactivity Claims at Port Harcourt Refinery, Confirms 90% Production Capacity
energy news

NNPC Refutes Inactivity Claims at Port Harcourt Refinery, Confirms 90%

November 29, 2024

The Nigerian National Petroleum Company (NNPC) Limited has addressed claims made by a community leader from Alesa, Rivers State, who alleged that the Port Harcourt refinery is not producing petrol. NNPC clarified that the refinery is currently operating at 90% capacity, producing Straight-Run gasoline (naphtha), which is blended into 1.4 million litres of Premium Motor […]Read More

Port Harcourt Refinery Resumes Crude Oil Refining
energy news Oil and Gas

Port Harcourt Refinery Resumes Crude Oil Refining

November 26, 2024

The Port Harcourt refinery, is set to resume crude oil production after several missed deadlines and a long period of rehabilitation exercise. The rehabilitation exercise worth $1.5 billion was approved by the Nigerian government in 2021 for the refinery with a combined 210,000 barrels per day capacity. Announcing the preparedness of the refinery for production […]Read More

Full privatisation of Port Harcourt, Kaduna, Warri Refineries Underway – Presidency
energy news Oil and Gas

Full privatisation of Port Harcourt, Kaduna, Warri Refineries Underway –

November 25, 2024

The Nigerian presidency has revealed plans to fully privatise the country’s state-owned refineries, including the Port Harcourt, Warri, and Kaduna facilities are underway. Sunday Dare, the President’s special adviser on media and public communications, posted this update in a statement posted on Sunday via his official X (formerly Twitter) account. The bulletin outlined key achievements […]Read More

Dangote Refinery Cuts Petrol Price to N970 per Litre in Year-End Gesture
energy news Oil and Gas

Dangote Refinery Cuts Petrol Price to N970 per Litre in

November 24, 2024

Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, to N970 per litre from N990/litre. In a statement released by Anthony Chiejina, the Dangote Group’s chief branding and communications officer, this price cut will take effect immediately for oil marketers. The statement described the […]Read More

Dangote Refinery Resumes Crude Imports From US
news Oil and Gas

Dangote Refinery Resumes Crude Imports From US

November 21, 2024

The Dangote Refinery, Africa’s largest, has resumed importing crude oil from the United States after a three-month hiatus. This move comes as the refinery continues to ramp up its production capacity and meet growing domestic and regional fuel demand. Bloomberg reported on Wednesday that the cargo conveying two million barrels of WTI Midland crude from […]Read More

Reps Approve N500bn Recapitalisation to Enhance DisCos Efficiency
energy news power

Reps Approve N500bn Recapitalisation to Enhance DisCos Efficiency

November 20, 2024

The House of Representatives has directed electricity distribution companies (DisCos) in the country to undergo an N500 billion recapitalisation to improve their financial stability and enhance service delivery to Nigerians.   This decision followed the adoption of a motion titled “Need to Address the Activities of Distribution Companies in Nigeria,” sponsored by Ayokunle Isiaka, a lawmaker […]Read More

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