December 26, 2024DocumentaryImpactMidstreamNewsOil & GasSpecial ReportTechnologyUpstream

NNPC launches 24/7 oil, gas monitoring command centre to drive 2 mbpd target

… embarks on real-time tracking of hydrocarbon molecules from production to export terminals Oredola Adeola With a strategic focus on achieving a 2 million bpd production target, NNPC Ltd has unveiled a 24/7 Production Monitoring Command Centre (PMCC) to enable…

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December 24, 2024DistributionEnergy TransitionGenerationNewsPowerSustainabilityTransmission

Lagos State govt. constitutes 5-member electricity regulatory commission board

… appoints Engr. Odubiyi, former NERC Commissioner, as Chair   Oredola Adeola   The Lagos State Government has approved a five-member board for the Lagos State Electricity Regulatory Commission (LASERC), chaired by Abimbola Odubiyi, to oversee and regulate electricity market…

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December 24, 2024DistributionNewsPower

IBEDC assures stable power supply, swift fault resolution during Christmas holidays

Engr. Agoha, IBEDC MD warns against energy theft, urges customers to report suspicious activities Oredola Adeola The Ibadan Electricity Distribution Company (IBEDC) Plc has implemented measures to ensure network stability, swift fault resolution, and uninterrupted power supply to meet customer…

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December 23, 2024DownstreamEnergy TransitionFinanceGasImpactMidstream

Greenville LNG sets ambitious target: 50 LCNG hubs within first seven months of 2025

Oredola Adeola Greenville LNG has announced an ambitious plan to construct 50 Liquefied Compressed Natural Gas (LCNG) hubs across Nigeria within the next seven months. This initiative is part of the company’s broader nationwide distribution strategy for 2025, aimed at…

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December 23, 2024DistributionFinanceGasGenerationImpactNewsPowerSpecial ProjectTransmission

Power Consumer Assistance Fund: Vital lifeline to avert NESI’s persistent liquidity crisis

… ending blanket electricity subsidy, with ₦5,000 monthly relief worth 25 kWh for low-income households … activation of PCAF, full cost-reflective tariffs by Q1, 2025 Adetayo Adegbemle Nigeria’s Electricity Supply Industry (NESI) is grappling with persistent financial instability, largely driven…

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December 22, 2024DistributionImpactNewsPower

EKEDC’s Lekki-Ajah customers to enjoy improved power supply, as TCN upgrades substation to 195MVA

…with commissioning of 1x75MVA transformer at Lekki …more supply to New Maroko, Cheview Estate, Lekki, surrounding areas   Oredola Adeola   The Transmission Company of Nigeria (TCN) has successfully commissioned a 1×60/75 MVA 132/33KV power transformer at the 330/132/33kV Lekki…

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December 21, 2024DownstreamNewsOil & Gas

NNPCL cuts petrol ex-depot price from ₦1,020 to ₦899, sparks price war among oil marketers

“Petrol price reduction reflects response to deregulation, increased industry competition”- PETROAN PRO   PETROAN President commends NNPC, praises Dangote Refinery for stimulating downstream sector competition   Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in…

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December 21, 2024DownstreamMidstreamNewsUpstream

Dangote Refinery partners with MRS to sell petrol at ₦935/L, nationwide

… reduces ex-depot price from ₦970 to ₦899.50 …new petrol pricing launches in Lagos, nationwide rollout begins Monday … Dangote attributes petrol price drop to Tinubu’s Naira-for-Crude swap deal Oredola Adeola The Dangote Refinery has announced a partnership with MRS…

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December 21, 2024DownstreamMidstreamNewsOil & Gas

NNPC rejects false report, affirms Port Harcourt refinery fully operational 

… says product loading continues Oredola Adeola The Nigerian National Petroleum Company Limited has insisted that the renovated Port Harcourt refinery is still working. The state-owned oil company clarified that preparations for loading operations on Saturday were underway. This was…

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December 19, 2024DownstreamFeatureImpactMidstreamOil & GasReviewSpecial ProjectUpstream

2024: NNPCL triumphs with N3tn profit, refinery revival

  ..overcames challenges despite turbulent year   Emmanuel Akanni With a volatile global oil market in 2024 tied to geopolitical tensions and other local challenges such as oil theft and pipeline vandalism amid the pressure to up oil production levels,…

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