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DownstreamMidstreamNewsOil & Gas

NNPC rejects false report, affirms Port Harcourt refinery fully operational 

... says product loading continues Oredola Adeola The Nigerian National Petroleum Company Limited has insisted that the renovated Port Harcourt refinery is still working. The state-owned oil company clarified that…

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December 21, 2024
DownstreamFeatureImpactMidstreamOil & GasReviewSpecial ProjectUpstream

2024: NNPCL triumphs with N3tn profit, refinery revival

  ..overcames challenges despite turbulent year   Emmanuel Akanni With a volatile global oil market in 2024 tied to geopolitical tensions and other local challenges such as oil theft and…

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December 19, 2024
DistributionGenerationNewsPowerTransmission

NERC transfers electricity oversight to Lagos, 2 weeks after Sanwo- Olu signed electricity bill

  ...orders EKEDC, Ikeja Electric to create subsidiaries for Lagos electricity market. ... Lagos joins list as 8th state approved by NERC Oredola Adeola Two weeks after Lagos State Governor…

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December 19, 2024
DownstreamFeatureLocal ContentMidstreamNews

PH refinery reactivation: NLC, NUPENG verify revival, silence naysayers

...FG urged to secure the gains Emmanuel Akani A recent fact-finding visit by labour leaders has dispelled the uncertainties surrounding the operational status of the newly revived old Port Harcourt…

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December 17, 2024
ImpactMultilateral FinanceNewsOil & GasSpecial ReportSustainabilityUpstream

Shell announces FID on $5bn Bonga North deepwater project

Tinubu says "Bonga North reflects transformative reforms under Presidential directives 40, 41, 42"  Verheijen describes Bonga North FID a game-changer, refuting misconceptions about IOCs exiting Nigeria   Oredola Adeola Shell…

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December 16, 2024
EnvironmentImpactNewsOil

Oil spill hits Shell loading terminal in Bonny after pipeline rupture

... NIMASA confirms incident, NOSDRA assesses damage Oredola Adeola An oil spill caused by a ruptured pipeline occurred on Saturday, December 14, 2024, at the Shell Petroleum Development Company (SPDC)…

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December 16, 2024
DistributionEnergy TransitionFinanceGenerationNewsPowerRenewablesSustainability

NERC mandates AFUR tariff tool for mini-grid developers, effective Dec. 16

... aims to drive cost-reflective pricing for dedicated power generation facilities   Oredola Adeola   As part of efforts to establish cost-reflective tariffs for dedicated power generation facilities, the Nigerian…

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December 16, 2024
MaritimeMidstreamNewsOil & GasService CompanyTechnologyUpstream

NCDMB, First Marine seek FG support for Birogo river dredging to enhance Bayelsa marine, oil operations

“Drilling Companies in Bayelsa No Longer Need Onne Port”—FMES Chairman, High Chief Penawou   Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) has called for collaboration with the…

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December 9, 2024
DistributionGenerationNewsPower

Oyo commissions Phase 1 (5 MW) of 11 MW power plant

... as work on Phase 2 (6MW) begins Governor Makinde decries year-long delay in securing NERC clearance for Oyo IPP Oredola Adeola The Oyo State Government has commissioned the first…

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December 6, 2024
DistributionNewsPowerTransmission

TCN upgrades bulk power supply to Lagos, Ogun with $200m World Bank support

"Completion of substations crucial to FG's 10,000 MW grid capacity target by 2025," says Abdulazeez Michelle Savage The Transmission Company of Nigeria (TCN) has strengthened Lagos and parts of Ogun…

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December 5, 2024
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