The Rural Electrification Agency (REA) and the National Agency for Science and Engineering Infrastructure (NASENI) has signed a 150 million dollars battery manufacturing agreement with Chinese investors. Malam Mutari Ibrahim, the Director Promotion and Outreach (PIO), REA said this in…
The Transmission Company of Nigeria (TCN), says it has successfully energised the newly installed T3 1×60 Mega Volt Ampere (MVA)132/33 Kilo Volt (kV) power transformer in its Shagamu 1Transmission Substation. Mrs Ndidi Mbah, TCN’S General Manager Public Affairs said this…
The Nigerian Content Development and Monitoring Board (NCDMB) has revealed that the local oil and gas operators increased from 53 in 2018 to 114 in 2023. Speaking during the ongoing Practical Nigerian Content Forum held in Bayelsa state, erstwhile Executive Secretary of…
Falcon Corporation Limited has secured a N19.41 billion facility from the Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) for the development of a state-of-the-art 15,000 metric ton Liquefied Petroleum Gas (LPG) storage facility and a dedicated jetty situated in…
Multinational oil and gas corporation, ExxonMobil says it plans to increase cash flow by $14 billion/ from 2023 to 2027. The company stated this in a corporate plan update released on Wednesday, December 6./ This growth will be facilitated by…
The Nigerian Content Development and Monitoring Board (NCDMB) has tasked operators in the oil and gas industry to innovatively utilize the Human Capital Development Fund setup by the Nigeria oil and gas industry content development act (NOGICD) in developing human…
The Federal Government of Nigeria has pledged to lower its methane emissions. Minister of State Petroleum Resources (Gas), Hon. Ekperikpe Ekpo made this known this while on a Ministerial Panel on actions being taken to accelerate compliance with the Methane Pledge…
The Nigerian National Petroleum Company Limited (NNPCL) will start pricing crude supplies against dated Brent crude in 2024, according to a Bloomberg report. Per the report, NNPCL plans to change how it prices its crude cargoes starting in January 2024.…
The Federal Government has budgeted N40 billion to settle the electricity bill debts of ministries, departments, and agencies (MDAs) in 2024. The item listed as ‘Settlement of MDAs’ electricity debts,’ was in the sectoral allocation details released by the Chairman,…
Nigeria’s crude oil exports rose to N8.5trillion in the third quarter of 2023 according to a recent report by the National Bureau of Statistics (NBS). According to the report, the increase in export of crude oil contributed to an increase…
