Residents of Akwa Ibom are grappling with a state-wide power outage following the suspension of gas supply to the state-owned Ibom power plant by Savannah Energy, the Ibom Power Company Limited (IPC) has announced. The IPC attributed the blackout to two key issues, the disruption of gas supply to the Ibom power plant and a […]Read More
Chijioke Okuwuokenye, acting managing director of Abuja Electricity Distribution Company (AEDC), has said rising customer debts and overloaded infrastructure are behind distribution companies’ (DisCos) load rejection despite widespread blackouts. Speaking at the fourth Power Correspondents Association of Nigeria (PCAN) annual workshop themed “Ending the Talk, Moving the Action,” Okuwuokenye, represented by AEDC’s chief operating officer, […]Read More
Mele Kyari, Group Chief Executive Officer, of the Nigerian National Petroleum Company Limited (NNPC), has revealed that the state-owned oil company and its partners have revved up crude oil and gas production to 1.8 million barrels per day (mbpd) and 7.4 billion standard cubic feet per day (scfd). This was announced by Olufemi O. Soneye, […]Read More
The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. Olufemi Soneye, Chief Corporate Communications Officer, NNPC, made this known in a statement obtained by EnergyPlanets on Wednesday. According to him, the agreement […]Read More
Senegal is on the verge of committing $2.7 billion to its international programme aimed at reducing emissions and cutting reliance on fossil fuels, contingent on the ruling party’s success in this weekend’s parliamentary elections. “If Prime Minister Sonko’s party wins a majority, an announcement could come quickly after the election,” said Remy Rioux, CEO of […]Read More
Adebayo Adelabu, the Minister for Power, has ordered the Transition Company of Nigeria (TCN) and all other relevant agencies of the ministry to begin the immediate implementation of the recommendations of the inter-agency committee, set up to address the incessant grid collapses in the power sector. The Minister’s matching order came as the TCN reported […]Read More
Mr. Tunji Bello, Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), has underscored the responsibility of Nigeria’s Electricity Distribution Companies (DisCos) to prioritise consumer rights in the ongoing efforts to upgrade Nigeria’s electricity metering system. Speaking at an emergency stakeholders’ meeting in Abuja on Tuesday, Mr. Bello emphasized the need for […]Read More
The global oil market has remained steady despite the 2024 US presidential election, with prices for key crude benchmarks, West Texas Intermediate (WTI) and Brent crude, showing little movement. WTI is currently trading at $71.83 per barrel, reflecting a small 0.36 percent change, while Brent crude stands at $75.48, with just a 0.40 percent fluctuation. […]Read More
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has announced that the petrol it plans to import will be more affordable than the current rates in the country. In a statement, PETROAN’s National Public Relations Officer, Dr. Joseph Obele, emphasised the need for healthy competition in a deregulated market. He revealed that PETROAN […]Read More
The Dangote Petroleum Refinery has clarified that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for refined petroleum products. In a statement issued by Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group, the refinery stated that discussions with IPMAN are still ongoing. “It is […]Read More
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