Category: Energy

‘Deep-Water Pioneer,’ SNEPCo Named Major Oil Company of the Year’

ADEOLA YUSUF

. Former MD Elohor Aiboni is Amazon of Nigeria’s Oil Sector   Shell Nigeria Exploration and Production Company (SNEPCo) has been named Major Oil Company of the Year for last year by a Nigerian publication, Energy Times in recognition of its contributions to deep-water oil and gas development and the industry generally. Energy Times also awarded the title of Amazon of Nigeria’s Oil Sector for 2024 to Mrs. Elohor Aiboni, a former Managing Director of SNEPCo now on international assignment in Brunei. The awards were presented to SNEPCo’s Senior Operations…

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‘It’s 547k, No, It’s 572k;’ Power Minister, NERC Bicker Over 2024 Metering Data

ADEOLA YUSUF

    . ‘Crazy billing,’ Customers Woes Worsen As Metering Drops To 4-Year Low . Figures Shouldn’t Lie; what Adelabu said vs. What NERC said     Amidst the dip in metering to a four-year low, the power Minister, Adebayo Adelabu, and the Nigerian Electricity Regulatory Commission (NERC) have flaunted contradicting data on the program for 2024. Checks by Platforms Africa showed that while Mr. Adelabu stated that over 572,050 meters had been deployed under the National Mass Metering Programme (NMMP) in 2024, the sector regulator clearly stated that the…

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‘Govt Owing Us N4Trn,’ GenCos Warn of Imminent Shutdown

ADEOLA YUSUF

Power generation companies (GenCos) on Monday warned that power plants across the country were facing imminent shutdowns due to a massive N4 trillion debt owed by the Federal Government. Nigeria has 40 power-generating plants connected to the national grid, which are managed by generation companies (GenCos), independent power providers, and the Niger Delta Holding Company. In a statement issued by the GenCos through the Board of Trustee chairman, Colonel Sani Bello (retd), under the auspices of the Association of Power Generation Companies (APGC), it was revealed that N2 trillion is…

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‘Oyebanji, Adelabu, Kyari, Soneye, Andy Odeh, Others,’ Who-Won-What At energyTIMES Awards

ADEOLA YUSUF

Biodun Oyebanji, Governor of Ekiti State; Adebayo Adelabu, Minister of Power; Engr. Mele Kyari, former Group Chief Executive Officer of NNPC Limited; Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd; and Andy Odeh, former General Manager, External Relations and Regulatory Compliance at Nigeria LNG Limited (NLNG), were among the leading energy stakeholders recognized at the second edition of the energyTIMES Awards. Platforms Africa reports that the event, held in Oriental hotel, Lagos, honored exceptional individuals and organizations spearheading excellence and innovation in Nigeria’s energy sector. Kola Adesina, Group Managing…

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‘Crazy Billing Angers The gods,’ Masquerade Leads Protest Against IBEDC

ADEOLA YUSUF

Residents of Omu-Aran, a community in Kwara State’s Irepodun Local Government Area, took to the streets in protest on Friday, led by traditional masquerades, over contentious electricity billing issues. The protest centered around the sudden reclassification of their community’s electricity billing from Band C to Band A, resulting in significantly increased bills for March 2025. Protesters, adorned in traditional attire alongside placards bearing messages such as ‘Omu-Aran Says No to Band A’ and ‘Bring Us Back to Band C’, gathered at Bareke Roundabout amidst chants and traditional war songs. According…

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‘Resource-Rich, Serious Investment Destination,’ NGA Flaunts Nigeria’s Profiles For WGC 2025

ADEOLA YUSUF

The Nigerian Gas Association (NGA) has confirmed its strategic participation at the 29th World Gas Conference (WGC2025), set to take place in Beijing, China. Speaking during a media engagement in Lagos, NGA President, Akachukwu Nwokedi revealed that the Association would host a Nigeria Pavilion at the prestigious triennial event, organized by the International Gas Union (IGU). The Pavilion will spotlight Nigeria’s gas sector progress, highlight investment-ready opportunities, and promote strategic interests under the “Decade of Gas” initiative. “This platform is not just symbolic. It is strategic. It signals Nigeria’s readiness…

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Nigerian Gas Sector Gets $450m Investment Boost

ADEOLA YUSUF

. As Temile Development Company Secures VLGC Contract   The Nigerian gas sector has received a significant investment boost with Temile Development Company Ltd (TDC) securing a contract with Hyundai Heavy Industries (HHI) for the construction of an 88,000 cubic meter Very Large Gas Carrier (VLGC). The contract, signed in London, UK on Wednesday alongside a deal for the construction supervision contract with the NLNG Shipping & Marine Limited (NSML), is valued at over $250 million and brings TDC’s total investments in the gas sector to over $450 million, within…

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‘It’s Official,’ Nigeria Oil Reserve Is 37.28 Bn Barrels, Gas Reserve Is 210.54 TCF

ADEOLA YUSUF

   ‘I, Engr. Gbenga Olu Komolafe, Commission Chief Executive, hereby declare…” you actually want to read the full official annual national Hydrocarbon Index for 2025 NUPRC Boss Sent to Platforms Africa   Nigeria has declared 37.28 billion barrels as the total oil and condensate reserves and 210.54 trillion cubic feet (TCF) as total gas reserves in its official National Petroleum Reserves Position for 2025. Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC),  Gbenga Komolafe, who officially released the data in a statement to Platforms Africa on Saturday morning,…

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NERC Slams N628.03m Fine On Eight DisCos + FULL LIST

ADEOLA YUSUF

The Nigerian Electricity Regulatory Commission (NERC) has fined Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola Electricity Distribution Companies the sum of N628.03million for non-compliance with the capping of estimated billing for unmetered customers. The commission conveyed the sanction in a release on Thursday. It explained that the action was sequel to a review of billing practices between July and September 2024, which revealed that the affected DisCos failed to adhere to monthly energy caps issued by NERC. The fines represent five per cent of the gross overbilling during…

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Tompolo Talks Tough As Protesters Attack 28,000bpd Facility

ADEOLA YUSUF

Angry Itsekiri protesters, on Wednesday, shut down a 28,000 barrels-per-day oil facility in Ugborodo Community, Warri South-West Local Government Area. The action was in protest against what the youths described as a biased ward delineation report released by the Independent National Electoral Commission. The protesters accused INEC and its “collaborators” of orchestrating an ethnic cleansing agenda aimed at marginalising the Itsekiri people. They also warned that any attempt to use the pipeline surveillance contract awarded to High Chief Government Ekpemupolo, popularly known as Tompolo, would be resisted if perceived to…

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