Tuesday , February 28 2017
Home / Energy

Energy

Ambode targets 3000MW 24-hrs power generation for Lagos

Lagos State Governor, Mr. Akinwunmi Ambode (2nd right), Chairman, House Committee on Energy, Hon. Folajimi Mohammed (right); Commissioner for Energy & Mineral Resources, Mr. Olawale Oluwo (middle); Chairman, Egbin Power Plc., Mr. Kola Adesina (2nd left) and Chairman, Eko Distribution Company, Mr. Charles Momoh (left) during the presentation of the Embedded Power Initiative report ...

Read More »

POWER SECTOR : EFFORTS TO ADDRESS LIQUIDITY ISSUES, END PIPELINE VANDALISM IN NIGER DELTA RECORD PROGRESS

  Progress has been reported on steps being taken by the Federal Government to address the issue of liquidity in the Power Sector just as the engagement of Niger Delta Communities by the Acting President, Professor Yemi Osinbajo, to find lasting solution to pipeline vandalism in the region is also ...

Read More »

Renewable energy: FG set to raise $65.5million

The Minister of Environment, Amina Mohammed on Thursday said the Nigerian government has concluded plans  to raise N20bn, about $66 million next month to help fund renewable energyprojects. She said the government hope to achieve this with the call being made on citizens to support its quest to issue a Green ...

Read More »

Seplat Says in Court on $20.5 Million in Escrow Account

Lagos and London, 27 January 2017:  Seplat Petroleum Development Company Plc (“Seplat” or together with its subsidiaries the “Group”), a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, announces that proceedings have been commenced in the English High Court against ...

Read More »

Nigeria court orders temporary transfer of Shell, Eni oilfield

A Nigerian court has ordered the temporary forfeiture of assets and the transfer of operations of a long-disputed oilfield owned by Shell and Eni, among others, to the federal government, court papers released on Thursday showed. The court orders will last until Nigeria’s anti-corruption agency concludes an investigation into how ...

Read More »

Chevron declares $1.08 quarterly dividend, as Michael Wirth becomes Vice Chairman

The Board of Directors of Chevron Corporation has announced  a quarterly dividend of one dollar and eight cents ($1.08) per share, payable March 10, 2017 , to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 16, 2017 . ...

Read More »

Nigeria’s Power Sector is a Walking Corpse – Elumelu

Chairman of Transcorp Group and United Bank for Africa (UBA), Tony Elumelu,  believes that Nigeria’s power sector is a walking corpse, and it may collapse soon if no urgent action is taken Speaking to CNBC Africa, Elumelu said; “the agency of government that has responsibility for making sure that this ...

Read More »

Equatorial Guinea says presents offer to become OPEC member in 2017

Africa’s no. 3 oil producer Equatorial Guinea has presented an offer to join the Organisation of the Petroleum Exporting Countries (OPEC) this year and has agreed to production cuts, its energy ministry said on Monday. If Equatorial Guinea was to join OPEC, it would become the cartel’s 14th member and ...

Read More »