• March 7, 2025
  1. Home
  2. energy
NERC Grants Niger State Control of Electricity Market Regulation

NERC Grants Niger State Control of Electricity Market Regulation

January 10, 2025

The Nigerian Electricity Regulatory Commission (NERC) has issued an order transferring regulatory oversight of Niger State’s electricity market to the Niger State Electricity Regulatory Commission (NSERC). This decision aligns with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the revised Electricity Act 2023. Niger State joins Enugu, Ekiti, Ondo, Imo, Oyo, Kogi, […]Read More

Slovakia Eyes Gas Transit Through Ukraine to Cut Energy Costs

Slovakia Eyes Gas Transit Through Ukraine to Cut Energy Costs

January 9, 2025

Slovak Prime Minister Robert Fico has suggested he is open to the possibility of resuming natural gas transit through Ukraine after the current five-year transit agreement between Moscow and Kyiv expires. Fico has urged Ukrainian President Volodymyr Zelenskiy to restart the transit, citing the impact of elevated energy costs on Slovakia and the broader region. […]Read More

Seplat Targets 120,000bpd crude Oil Production

Seplat Targets 120,000bpd crude Oil Production

January 8, 2025

Oil and gas giant Seplat has announced its ambition to double its crude oil production capacity within six months. This follows their acquisition of assets previously held by ExxonMobil, who have withdrawn from Nigeria’s onshore oil sector. Seplat’s Chief Financial Officer, Eleanor Adaralegbe, outlined this target in an interview with the Financial Times on Tuesday. […]Read More

Aba Power Hikes Tariffs by 50% Amid Economic Challenges

Aba Power Hikes Tariffs by 50% Amid Economic Challenges

January 7, 2025

Aba Power Limited Electric (APLE), an electricity distribution company (DisCo) serving nine Local Government Areas in Abia State, has announced a substantial increase in electricity tariffs, with rates soaring by over 50 percent. The revised tariffs, which came into effect on 1 January 2025, were authorised by the Nigerian Electricity Regulatory Commission (NERC). The company […]Read More

Shell Taps COOEC for Nigeria’s OML 144 Gas Project

Shell Taps COOEC for Nigeria’s OML 144 Gas Project

January 6, 2025

Shell has signed a significant engineering, procurement, and construction (EPC) contract with China’s Offshore Oil Engineering Company (COOEC) to advance Nigeria’s gas production. COOEC will deliver a platform jacket and topsides for the HI gas and condensate project in Nigeria’s Offshore Mining Licence (OML) 144. Key Milestones in Offshore DevelopmentSituated 50 kilometres offshore in the […]Read More

Abuja Faces Power Outages for 15 Days Amid TCN Upgrade

Abuja Faces Power Outages for 15 Days Amid TCN Upgrade

January 6, 2025

Residents of Abuja will experience daily power outages lasting seven hours from January 6 to January 20, 2025. This disruption is due to the Transmission Company of Nigeria’s (TCN) relocation of power transmission towers along the Outer Southern Expressway. The planned outages are part of efforts to support the Federal Capital Development Agency’s (FCDA) road […]Read More

BUA Refinery Clarifies Progress on 200,000 bpd Akwa Ibom Project

BUA Refinery Clarifies Progress on 200,000 bpd Akwa Ibom Project

January 5, 2025

The management of BUA Refinery and Petrochemicals has refuted reports claiming its 200,000 barrels per day (bpd) refinery in Akwa Ibom is 90 percent complete. In a statement shared via the Group’s official X account (formerly Twitter) on Sunday, the company acknowledged significant progress in the project while clarifying that the facility has not yet […]Read More

Oil Marketers Urge Privatisation of Nigerian Refineries

Oil Marketers Urge Privatisation of Nigerian Refineries

January 4, 2025

Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on the Federal Government to privatise state-owned refineries, including the 125,000 barrels per day Warri and Kaduna refineries, as part of broader reforms to enhance transparency, competition, and operational efficiency in the downstream petroleum sector. In a report titled 2024 […]Read More

NNPC Begins Overhaul Kaduna, Second Port Harcourt Refineries

NNPC Begins Overhaul Kaduna, Second Port Harcourt Refineries

January 4, 2025

The Nigerian National Petroleum Company (NNPC) Limited has announced that the Port Harcourt Refinery, with a capacity of 150,000 barrels per day (bpd), and the Kaduna Refinery are undergoing extensive rehabilitation to achieve world-class operational standards.   This was revealed in a statement issued by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., in response […]Read More

Jigawa To Acquire 10% Stake In Kano DisCo

Jigawa To Acquire 10% Stake In Kano DisCo

January 2, 2025

The Jigawa State Government has approved and allocated N1 billion to acquire a 10 percent stake in the Kano Electricity Distribution Company (KEDCO). Sagir Musa, the Commissioner for Information, Youths, Sports, and Culture, made his known in a statement on Tuesday that the state executive council had approved the release of the funds. Musa said […]Read More

Copyright © 2022, Energy Planets. All rights reserved

Join Whatsapp group
Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!