Energy

President Muhammadu Buhari on Saturday, described the gas explosion of Friday at a Kano factory as “extremely horrific.” According to a statement signed late Saturday by his Senior Special Assistant on Media and Publicity, Garba Shehu, the president said he is distressed by the tragic accident, the second in the …

No fewer than 20 persons were injured following a gas explosion at a Liquefied Petroleum Gas refilling shop at Sheka quarters, Kumbotso Local Government Area of Kano State. The incident happened at about 8:00pm on Thursday, after a cylinder exploded, which also led to the destruction of some shops. It …

Minister of State for Petroleum Resources, Timipre Sylva, has said that though Climate Change is a serious challenge to Africa but the alarming level of energy poverty needs serious attention. Sylva made this known on Thursday, at a three day, Nigeria-Africa Natural Resources and Energy Investment Summit in Abuja. He …

The Organisation of Petroleum Exporting Countries and its allies said Thursday it plans to increase oil production by 648,000 barrels per day in July and August, which could lead to a deal with the United States that could lower crude prices. The organization made the announcement in a statement at the …

Nigeria’s crude oil production rose by 70,000 barrels per day in May according to a Reuters Survey released on Tuesday. The document, made public  in Lagos, showed that the country’s crude oil production averaged 1.42mbpd in May. The figure is 70,000bpd higher than the average crude oil production in April, at 1.35mbpd. …

The price of crude oil has risen to a two-month high to $120.4 per barrel as the European Union will meet to impose a possible ban on Russian oil. The EU will meet on Monday and Tuesday to deliberate a sixth sanction on Russia over invasion of Ukraine. Brent Crude …

Mr Bath Nnaji former minister of power, has called for the establishment of regional grids as the solution to Nigeria’s erratic power supply. Nnaji said this on Monday while speaking on the unending national grid collapses on Arise TV. Electricity consumers in Nigeria have experienced poor power supply in recent …

Minister of State, Petroleum Resources, Mr Timipre Sylva, is seeking a deeper synergy among relevant stakeholders in the midstream and downstream sector to strengthen local content, boost the country’s domestic refining capacity and ultimately wean the country off huge petroleum imports. In an address at the opening ceremony of a …

The Nigeria Midstream and Downstream Petroleum Regulatory Authority is drafting six regulations on midstream and downstream operations to bring clarity, improve business processes and ease of doing business in the sector. The Authority’s Chief Executive, Engr. Farouk Ahmed made this known in a meeting with members of the independent Petroleum …

Over 1000megawatts of electricity are currently not allocated to power distribution companies (DisCos) despite low generation by Nigeria’s 23 power plants. Checks revealed that the Transmission Company of Nigeria failed to allocate 1,357MW of electricity from a paltry 3, 871MW generated on Sunday. According to data collected from the Nigerian …