Category: Energy

‘Meter Tampering, By-Pass,’ NERC Slams New Fines’ Thresholds On DisCos, Customers In Amended Order

ADEOLA YUSUF

    ‘11 For 11,’ Platforms Africa presents Eleven Things To Know About New Order and Implications On 11 DisCos, and millions of their customers      The Nigerian Electricity Regulatory Commission (NERC) has issued an amended Order detailing new threshold of penalties for customers and Distribution Companies (DIsCos) on “Unauthorised Access, Meter Tampering, and By-Pass.” Platforms Africa reports that the Amended Order, which replaces Order No: NERC/REG/41/2017, has taken effect from 22 January 2025. This amendment, NERC said in the Order notice sent to Platforms Africa, “aligns with the…

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NNPCL Acquires 15% Equity Stake in Starzs Gas 2mmscf/d CNG Asset

ADEOLA YUSUF

    First phase of the project is estimated to cost over $7 million   The Nigerian National Petroleum Company Limited (NNPCL) through its subsidiary, NNPC Gas Marketing Limited (NGML) has agreed to take a 15-per cent equity shareholding in Starzs Gas Limited’s 2 million standard cubic feet per day (2mmscf/d) Compressed Natural Gas (CNG) mother station in Iwhrekan, Ugheli South Local Government Area of Delta State. Platforms Africa reports that as part of the equity partnership, the national oil company has also agreed to guarantee gas supply to the…

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‘Exclusive Right,’ Falcon Secures NMDPRA’s 25-Year Gas Distribution License

ADEOLA YUSUF

‘How license confers exclusivity right to Falcon Corporation for gas distribution within the Ikorodu industrial Zone,’ company’s MD, Prof. Joe Ezigbo gives details   The Nigerian Midstream Downstream Petroleum Regulatory Agency (NMDPRA) has granted Falcon Corporation Limited, a 25-year Gas Distribution License (“GDL”) Platforms Africa reports quoting a statement by the Managing Director of the firm, Prof. Joe Ezigbo, that the license confers exclusivity right to Falcon Corporation for gas distribution within the Ikorodu industrial Zone. Ezigbo added that the GDL marks a significant regulatory approval that strengthens its role…

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Chemists, Analysts React To Viral Video on Dangote vs. NNPC Petrol Comparison

ADEOLA YUSUF

. ‘Not scientific, pedestrian comparism belittling to Nigerians’ sensibility,’ Who-said-what reactions to viral video + the real video that got Nigerians talking   Scientists, including chemists and energy experts, have dismissed the latest viral video alleging that petrol from NNPC outlet does last compared to same product from Dangote refinery, describing it a s a poorly planned propaganda that stands logic on its head. Describing the comparism made in the video as pedestrian and not scientific, the analysts in separate interviews maintained that the video is belittling Nigerians’ mentality as fuel…

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Optimera Energy to deliver $30m Lagos free zone gas infrastructure facility Q2

ADEOLA YUSUF

Optimera Energy LFZ Enterprise (“Optimera Energy”), one of Nigeria’s leading integrated energy solutions provider is set to deliver the $30 million Lagos free zone natural gas distribution facility by Q2 2025. Incorporated in 2022, Optimera Energy, an indigenous consortium comprising of Falcon Corporation Limited (“Falcon”), FHN Gas Limited (“FHN”), and ND Western Midstream Limited(“NDW”), executed a 20 years Gas Infrastructure Development Agreement with the Lagos Free Zone (“Zone”) Company for gas distribution within the Zone. A statement by the Founder and Managing Director of Falcon Corporation Limited, Prof Joe Ezigbo,…

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Local Content: Key To Unlocking Africa’s True Potential – Nigerian Govt

ADEOLA YUSUF

Africa’s energy destiny hinges on the ability to harness its natural resources, empower the people, and lay the foundation for long-term, sustainable development The Minister of state for Petroleum Resources (Oil) Senator Heineken Lokpobiri, stated this while delivering a keynote address in Lagos at Sub-saharan African International Conference and Exhibition, SAIPEC 2025, with the Theme: “Building Africa’s Future: Advancing Local Content and Sustainable Development in the Oil and Gas Industry.” According to him, “Local content is no longer a luxury; it is the key to unlocking Africa’s true potential. By…

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PETAN Proposes 1.5 Billion Dollars in-contract Awards To Indigenous Firms

ADEOLA YUSUF

The Petroleum Technology Association of Nigeria, PETAN, wants a review of in- contract awards on Shell’s Bonga North Project to indigenous Companies Petan’s Chairman, Engr Wole Ogunsanya, made the Association’s position known in a keynote address at the on-going Sub-Saharan Africa International Conference and Exhibition (SAIPEC) in Lagos, with the theme ‘Building Africa’s Future: Advancing Local Content and Sustainable Development in the Oil & Gas Industry’. Engr. Ogunsanya, who expressed optimism about several Final Investment Decisions (FID) recently signed in Nigeria, emphasised the vital role of indigenous companies. “Our members…

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Shell Predicts Bright Future For Nigeria’s Deep-water Production

ADEOLA YUSUF

Nigeria can meet oil production targets and implement ambitious development programmes from deep-water oil and gas operations if it continues with policies to encourage investments and boost output in the sector, Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Ronald Adams has said. “Deep water is a compelling consideration for Nigeria if the country must meet its oil production targets and implement ambitious development programmes,” Adams said while speaking at the 9th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) which began in Lagos on Tuesday. According to…

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‘2nd Time In 5 Years,’ Nigerian Billionaire Oil Mogul Jailed Abroad

ADEOLA YUSUF

  Inside the multi-million dollars oil deals between the Nigerian businessman and CI Energy Company that landed the Chief Executive of Rahmaniya Group and Ultimate Oil & Gas In Dubai prison   A Dubai court has sentenced the owner of Rahmaniya Group and Ultimate Oil & Gas, Abdulrahman Bashar to one year in prison for a financial crime involving his dealings with CI Energy Company, an oil and gas firm. Premium Times, which reported this in an exclusive story, maintained that the ruling marked the second time in less than…

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WAPCo Begins Pipeline Maintenance Phase 2, Allays Power Outage Fear In Ghana, Togo, Benin Republic

ADEOLA YUSUF

‘Feb. 5 To March 2,’ what to know about third major maintenance on 569-kilometre offshore pipeline that serves gas to over 650 plants, supports 1,000 MW generation in Ghana, others   The West African Gas Pipeline (WAPCo) on Friday flagged off the second phase of its pipeline maintenance, allaying fear that the exercise would plunge Ghana, Togo, and Benin Republic into power Outage. Platforms Africa, which witnessed the pigging (cleaning) exercise at the transnational company’s LBS in Ajido, reports that the multi million naira contract is being handled by Topline.…

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