May 2024 – Page 2 – Advisors Reports

May 27, 2024Local Content Maritime Midstream News Oil & Gas Security Upstream

Bristow helicopters seeks NCDMB support to commence search, rescue operations for crude oil, gas vessels

…plans to introduce light-wing aircraft into Nigeria oil and gas industry by Q4 2024 Oredola Adeola The Management of Bristow Helicopters has initiated the plan to partner with the Nigerian Content Development and Monitoring Board (NCDMB) to introduce…

May 27, 2024Maritime Mining & Solid Mineral News Oil & Gas Special Project

700km Lagos-Calabar coastal highway to complement UN’s grant of additional 16,300 sq km to Nigeria- President Tinubu

… as Nigeria sets to unlock offshore hydrocarbons, gas, solid minerals untapped riches Oredola Adeola President Bola Tinubu has revealed that the construction of the 700km Lagos-Calabar Coastal Highway, will complement the United Nations to grant an extension…

May 24, 2024Downstream Gas Local Content Power Upstream

NGA commends Okunbor, Shell companies involvement in initiatives harnessing Nigeria’s gas reserves for commercialization

… sets to relaunch Advisory group targeting Nigerians across gas value chain Oredola Adeola The Nigerian Gas Association (NGA) has recognized Mr. Osagie Okunbor, Managing Director of the Shell Petroleum Development Company of Nigeria Limited (SPDC) for his…

May 24, 2024Documentary Downstream Energy Transition Finance Generation Green Finance Impact Midstream News Oil & Gas Power Renewables Upstream

President Tinubu approves $100m investment from 4 agencies under Min. of Petroleum Resources, for $5bn Africa Energy Bank shares

… APPO, Afrexim Bank technical inspection team validates Nigeria’s readiness to host AEB hqtrs Oredola Adeola President Bola Ahmed Tinubu has approved $100 million investment from four key agencies under the Ministry of Petroleum Resources, surpassing the…

May 24, 2024Distribution News Power

DisCos remit 69.88% of Q4, 2023 invoices to NBET, MO

… Eko DisCo tops payment performance, as Kaduna DisCo lags behind Oredola Adeola In the fourth quarter of 2023 (Q4,23), the eleven (11) electricity Distribution Companies (DisCos) paid N188.70 billion, which is 69.88 percent of the total invoices of…

May 24, 2024Distribution News Power

FG selects Coleman Technical Industries to represent power sector in the National Scheme Council

May 23, 2024Distribution News Power Transmission

2,000 communities in Ondo South connected to national grid, ending 15-year power crisis

…as NDDC inaugurates 132KV transmission line,132KV/33KV substation in Okitipupa … “Okitipupa power project would boost Niger Delta prosperity” – Tinubu … “Ode-Erinje transmission substation will be connected to Omotosho power plant” – Governor Aiyedatiwa Oredola Adeola …

May 22, 2024Distribution News Power

7.3m unmetered electricity consumers out of 13.16m in Q4, 2023 – NERC report reveals

…DisCos metered only 5.8m customers in Q4,23 … Ikeja, Abuja, Eko lead in metering performance with 73%, 61%, 59% respectively Oredola Adeola In the fourth quarter of 2023, the Nigerian Electricity Regulatory Commission (NERC) reported that the…

May 21, 2024Distribution News Power Transmission

TCN to restore power supply in North East by May 27

… optimistic about completing 4 vandalized towers reconstruction despite security challenges Oredola Adeola The Transmission Company of Nigeria (TCN) has assured the North East Governors Forum (NEGF) that power supply will be restored by May 27, 2024,…

May 20, 2024Concession News Oil & Gas Upstream

NUPRC announces deadline for 2024 licensing round registration, pre-qualification

…announces resumption of 2022/2023 mini bid round for pre-qualified applicants Oredola Adeola The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed that the registration and pre-qualification submission process for 2024 licensing round, which commenced on May 13, 2024,…