Nigeria’s crude oil production increased by 70,000 barrels per day in May according to a Reuters Survey released on Tuesday. The document showed that the country’s crude oil production averaged 1.42mbpd in May. The figure is 70,000bpd higher than the…
China is planning to have 33 percent of its electricity generated from renewable power sources in a new renewables plan by 2025. Being the world’s largest greenhouse gas emitter, China is also the key growth driver of renewable power capacity…
There are strong indications suggesting that the Organisation of Petroleum Exporting Countries, OPEC+ coalition will likely hold firm to its oil production plans this week even as the European Union moves to sanction group member Russia, delegates said. Global oil…
Russia has further cut off gas supplies to Europe, after state energy giant Gazprom turned off the taps to a top Dutch trader and halted flows to some companies in Denmark and Germany. The intensification of the economic battle on…
Key operating major oil companies in Nigeria, have again expressed confidence that their operations in the country will produce a Win-Win situation. However, they urged authorities to facilitate implementation of fiscal policies to remain globally competitive and attract the desired…
The Environmental Rights Action/ Friends of the Earth Nigeria (ERA/ FoEN) has unveiled a community manual on International Oil Companies (IOCs) Divestment in the Niger Delta to induce a better understanding of the processes that have left communities out. The…
By Uthman Salami The Organisation of the Petroleum Exporting Countries (OPEC) has said eradicating energy poverty will be top of its agenda even as the world continues to combat climate change. Secretary General, OPEC, Mohammad Barkindo made this known on…
Nigeria is seeing a sharp rise in the price of its sought after crude grade as demand soars both in the United States of America and Europe. Offers for medium sweet Forcados Blend and Escravos crude from Nigeria have approached…
The management of Eko Distribution Company, EKEDC, said it is judiciously expending funds meant for asset upgrade especially in the areas of infrastructure such as 11kv and 33kv feeders, and switchgear, to assist the DisCo in delivering adequate and reliable…
EKEDC Spokesperson, Godwin Idemudia, explained that the CBN has embarked on several performance improvement projects to reduce the various challenges plaguing the electricity industry in Nigeria. Idemudia said the apex bank had been funding the procurement, installation, rehabilitation and replacement…
