Category: Energy

‘Tank Farms, Loading Gantries,’ Downstream’s Slide Into Duopoly Threatens Multi-Million Dollars Investment

ADEOLA YUSUF

The downstream sub-sector of Nigeria’s oil industry has begun a slide into a duopoly threatening multi-billion dollar investments. A survey by Platforms Africa showed a steady dip in activities at major tank farms and loading gantries at the cocosheen area of Apapa. Some of these facilities, connected to the Ibru jetty, were before now a centre of activities. ‘One Post, 1.7 Million Views,’ Platforms Africa’s Ratings Soar Oil Theft: Fact And Figures Of A National Emergency, By Adeola Yusuf After Platforms Africa Report, Oil Ministry Director Queried, Minister Disowns Claim…

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Heirs Energies Boss Underlines Pan-African Solutions At Congo Energy, Investment Forum

ADEOLA YUSUF

Heirs Energies CEO, Osayande Igiehon, delivered powerful insights on African energy leadership at the inaugural Congo Energy & Investment Forum held in Brazzaville from March 24-26, 2025. Osa joined distinguished panels of African business leaders at the Kintele Congress Center on March 26th, speaking on two key themes: “Energy & Investment Outlook” and “Field Development Drive: Towards 500,000 Barrels Per Day.” During the sessions, Osa shared practical strategies on how the Republic of Congo could accelerate its journey toward achieving its ambitious 500,000 barrels per day production target. “Within three…

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‘You’ll Do Well Here,’ Delta Gov Assures Safety, Success for Renaissance

ADEOLA YUSUF

    Delta State Governor, Sheriff Oborevwore, has pledged his administration’s full support for the operations of Renaissance Africa Energy Company Limited, successor to the Shell Petroleum Development Company and operator of the NNPC/Renaissance/TotalEnergies/AENR Joint Venture. Platforms Africa reports quoting a statement that the governor spoke in Asaba, the state capital on Thursday, assuring the Renaissance leadership of the safety and success of their operations in Delta State. “You will do well in Delta State. I assure you that your operations here are safe. Delta State is one of the…

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‘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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