Category: Energy

’12th Time In 2024,’ National Grid Collapses Again

ADEOLA YUSUF

The Nigeria’s electricity transmission system known as national grid collapsed again on Wednesday, plunging the country into darkness. Platforms Africa reports that this failure is the 12 th collapse from January to December 11, 2024. Within one week in October, the grid collapsed three times with its attendant blackouts, sparking reactions from Nigerians. How Greed Led To Frequent Collapse of National Grid – EFCC 2027: ‘There’s Vacancy in Aso Rock,’ Bode George Says Tinubu Yet To Get It Right Abuja Airport Shut As Plane Skids Off Runway Malaria Kills 597,000…

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‘From 7 In 2023,’ Number of CNG Vehicle Conversion Centres in Nigeria Hits 158

ADEOLA YUSUF

. How we secured 10 hectares of land for CNG manufacturing hub in Ajaokuta, Kogi State, Pi-CNG opens up as PNC Forum panelists highlight domestication policy to practice transition for economic development   The Presidential Committee on Compressed Natural Gas Initiative (Pi-CNG) has confirmed a significant increase in the number of CNG vehicle conversion centres in Nigeria, rising from seven in 2023 to 158 in 2024. The goal, according to the agency, is to establish up to 1,000 centers nationwide. PLATFOR AFRICA reports that Engr. Michael Oluwagbemi, Programme Director and…

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PNC ’24: TotalEnergies, Chevron, Oando, Aradel Underscore Divestments, Offshore Opportunities As NCDMB Launches Content Academy

ADEOLA YUSUF

▪️ Panelists at PNC Forum demand position people at the centre of sustainable development scheme   Panelists at the ongoing Practical Nigerian Content (PNC) forum have underscored divestments, offshore opportunities just as the Nigerian Content Development and Monitoring Board (NCDMB) launched the Content Academy. The panelists including Managing Directors of TotalEnergies, Chevron, Oando, and Aradel Holdings Plc also demanded that people should be positioned at the centre of sustainable development. Managing Director of Aradel Holdings Plc, Adegbite Falade, stated during the panel discussion that the divestments represented an opportunity to…

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$5bn Africa Energy Bank Secures 50% Initial Investment, Gets March 2025 Kick-Off Date

ADEOLA YUSUF

The African Energy Bank has raised 50 per cent of the total investment to kick off its operations. Executive Secretary of the African Petroleum Producers’ Organisation (APPO), promoter of the bank, Dr. Omar Farouk Ibrahim, who declared this in a remark at the Practical Nigerian Content (PNC) forum in Yenagoa, Bayelsa State on Tuesday, expressed optimism that the bank would begin operations before the end of the first quarter in 2025. Platforms Africa reports that the bank has an investment potfolio of $5 billion. Speaking on the challenges that led…

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‘Working, Producing,’ Senior Oil Workers Confirm Port Harcourt Refinery Is Operational

ADEOLA YUSUF

“Plant is functional and producing various petroleum products, including Naphtha, AGO, DPK, and PMS for the use of Nigerians,” details of what PENGASSAN President said on Arise TV   The umbrella body for the senior oil workers in Nigeria, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has confirmed that the Port Harcourt Refinery is operational, contrary to claims by critics. Platforms Africa reports that the National President of the group, Festus Osifo, who stated this on Arise TV interview, maintained that the refinery’s Crude Distillation Unit (CDU)…

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’11 Years After Privatisation,’ 50% of DisCos Customers Still On Estimated Billing

ADEOLA YUSUF

. ‘With CAPMI, NMMP, MAP’ 6.15 metered, 6.13 million still receive estimated bills monthly   Fifty (50) per cent of electricity consumers in Nigeria are still on the estimated billing system 11 years after power privatisation. Platforms Africa reports that the electricity industry was privatised with the sales of the assets in the generation and the distribution strata of the industry on Friday, November 1, 2013. Between November 2013 and November 2024, about 3.03 million prepaid electricity meters were installed across Nigeria as part of various initiatives, raising the total…

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Port Harcourt Refinery Working Effectively, Nigerian Society of Chemical Engineers Declares

ADEOLA YUSUF

▪️ ‘Every refinery does blending every day. This is science, it has no room for emotion or sensation,’ everything National President of the Association, Mr Tony Ogbuigwe said about the refinery during Arise TV interview   Highest body of chemical engineers in the country, the Nigerian Society of Chemical Engineers, has given the Port Harcourt Refinery a clean bill of health, declaring that the plant is running, contrary to claims made by critics about the facility. Platforms Africa reports that the National President of the Association, Mr Tony Ogbuigwe, who…

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4 Days, 20 Speakers, 6 Sessions, 50 Industry Leaders, 750 Delegates; Facts, Figures About PNC 2024

ADEOLA YUSUF

. All roads lead to Bayelsa where who-is-who in Nigeria’s oil industry assemble in the state known as the glory of all lands as NCDMB introduces new Contracting Cycle Guidelines for the industry . Wemimo Oyelana, Portfolio Director – Africa & Country Director – Nigeria at dmg Nigeria events, speaks on what to expect between December 2 and 5, 2024     Spanning four days, the Practical Nigerian Content (PNC) forum, starting on Monday, December 2, 2024, would feature 20 distinguished speakers across six sessions and welcome over 750 delegates,…

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‘Loading Bay Empty,’ Port Harcourt Refinery Halts Operations +REASON

ADEOLA YUSUF

‘The refinery started operations truly, but trucks loaded at the gantry contained “dead stock.”’ You actually want to read the revelation by a staff at the refinery + what Saturday PUNCH found out after an unscheduled visit to the facility   Operations at the newly rehabilitated Port Harcourt refinery have been temporarily halted as the loading gantry of the newly revamped installation is now empty. The Lagos-based PUNCH newspaper, which reported this in its Saturday edition, declared that a visit by its correspondent to the refinery on Friday revealed that…

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Port Harcourt Refinery Still Selling Fuel From Dangote – NNPC

ADEOLA YUSUF

The Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalized,the Nigerian National Petroleum Company Limited, has said. Platforms Africa reports that Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd, who disclosed this in a statement, maintained that the products the company is currently selling originate from the Dangote Refinery and include applicable NMDPRA fees. ‘To Appreciate Nigerians For Support,’ Dangote Reduces Petrol Price To 970/Litre Private Refinery Owner Who Created Monopoly In Cement And Sugar Behind…

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