Home Business Energy

Energy

Saudi Prince Mohammed bin Salman, 31. - AFP PHOTO - FAYEZ NURELDINE

Saudi Arabia unveils evidence of Iran’s link to attacks

Saudi Arabia said it would show evidence on Wednesday linking regional rival Tehran to an unprecedented attack on its oil industry that Washington believes originated from Iran in a dangerous escalation of Middle East frictions.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Drone attack: Saudi to resume full oil production by month’s end

Saudi Arabia’s energy minister Abdulaziz bin Salman said that half of the crude oil production that was disrupted due to the weekend attack on Aramco’s oil facilities had been restored.

Saudi drone attack: Oil prices fall after initial rise

Oil fell more than one per cent yesterday as the market was challenged creating uneasiness following attacks on Saudi Arabian crude facilities that cut the kingdom’s production in half and sent prices soaring by the most in decades.
The Manufacturers Association of Nigeria (MAN) has kicked against denomination of price of gas in US dollars and worried that price of gas has become major source of conflict between members and the gas franchisers.

Group lauds removal of VAT on cooking gas

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), says the removal of Value Added Tax (VAT) on cooking gas by the Federal Government will deepen market penetration, boost the country’s economy and protect the environment.

Illegal bunkering: Shell introduces advanced monitoring cameras

As part of the ongoing efforts to curb illegal oil dealings in the Niger Delta, oil giant Shell Petroleum Development Company (SPDC) said that it has introduced an advanced surveillance technology in tracking vandalisation of its joint venture assets.
The execution of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project will create over 40,000 direct and indirect jobs, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said.

$17 billion NLNG Train 7 Project ‘ll create 40,000 jobs

The execution of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project will create over 40,000 direct and indirect jobs, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has said.
The National Council on Privatisation (NCP) on Tuesday declared Transcorp Power Consortium as the winner of the financial bid for the privatisation of Afam Power Plc.

GenCos releases 3,306 MWH of electricity – report

Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,306 MegaWatts/Hour of electricity into the national grid on Sunday.

Shell deploys HD aerial cameras to track spills, crude theft

Nigeria’s leading energy giant, the Shell Petroleum Development Company of Nigeria Limited (SPDC), has deployed state-of-the-art high definition cameras for quick detection of and response to crude oil spills from its facilities. The cameras will also help in tracking vandalism of SPDC joint venture assets.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Britain not blaming Iran for Saudi drone attacks

Britain said it is not jumping to conclusions yet like America, that Iran was responsible for the drone attacks on Saudi oil facilities.

NERC: Eko Disco records highest remittance efficiency in Q1

The Nigerian Electricity Regulation Commission (NERC) on says Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 43 per cent in the first quarter of 2019.
Secretary-General of OPEC, Mr. Mohammed Barkindo

OPEC scribe discusses oil market development with IEA head

OPEC Secretary General Mohammed Barkindo has discussed the oil market development with the head of the International Energy Agency Fatih Birol on Monday after the attacks on Saudi oil facilities, an OPEC source told Reuters.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Oil prices surge by 20 percent on drone strike on Saudi Arabia

Crude oil prices have surged more than 19 per cent after a drone strike on a Saudi Arabian oil facility wiped out about five per cent of global supplies.

KEDCO threatens legal action against customers over assault of staffs

The management of Kano Electricity Distribution Company, KEDCO, has threatened to take legal action against any customers found assaulting it staff while on official duties – distribution of electricity bills and collections of payments.
The Minister of Power, Engr. Sale Mamman has said, the Muhammadu Buhari’s next level administration will deliver uninterrupted power supply to Nigeria when all major power projects are completed before the end of its tenure.

President Buhari’s administration will deliver uninterrupted power supply to Nigeria – minister

The Minister of Power, Engr. Sale Mamman, has said, the Muhammadu Buhari’s next level administration will deliver uninterrupted power supply to Nigeria when all major power projects are completed before the end of its tenure.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Saudi stocks plunge after drone attack on oil facilities

Saudi stocks plunged 2.3% as the market opened on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry Saturday knocked out more than half of Saudi crude output.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

Nigeria, 10 other African countries to benefit from AfDB power project

G5 Sahel heads of state at a Summit on Friday in Ouagadougou, Burkina Faso, gave strong support to Desert to Power, an Africa Development Bank-led initiative.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

G5 Sahel backs AfDB initiative to boost solar energy

G5 Sahel Heads of State have expressed their support for “Desert to Power’’, an Africa Development Bank (AfDB) initiative designed to harness solar energy for socio-economic development of member countries.
Power

Minister assures federal universities of stable power supply

The Minister of Power, Alhaji Sale Mamman, has assured that the present administration was determined to ensure that all the federal universities enjoy reliable and uninterrupted power supply.

Recent Stories

Man jilted by girlfriend commits suicide

The Surulere Police Station on Wednesday received an information that one Kehinde Muse, 25, of No 56, Modele Street drank a substance suspected to be sniper.
Folasade Yemi-Esan

Folashade Yemi-Esan assumes duty as acting head of service

Following the suspension of Mrs Winfred Oyo-Ita, by President Muhammadu Buhari, Dr Folashade Yemi-Esan, on Thursday assumed duty as Acting Head of Civil Service of the Federation.
Nigeria Police

Man arrested for ‘raping 6-year-old girl’

The police in Ogun State have arrested a 43-year-old man, Oluwole Bamidele, for allegedly raping a six-year-old daughter of his neighbour.

Reps minority leader tears PDP BoT apart

Members of the Board of Trustees, BOT, of the Peoples Democratic Party, PDP, on Thursday publicly disagreed over the report of the committee set up to look into the circumstances that led to the emergence of Hon. Ndudi Elumelu, as the Minority Leader of the House of Representatives against the directive of the party.
Ahmad Abubakar Mahmud Gumi

Sheikh Gumi: Ex-President Jonathan, Buhari lack education on how to lead Nigeria

Sheikh Ahmad Gumi, Islamic cleric, says former President Goodluck Jonathan and President Muhammadu Buhari both lack education on how to lead Nigeria.