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Lagos receives N3.911bn in oil derivation funds between 2018- 2021
May 8, 2024FinanceNewsOil & GasSabotageUpstream

Lagos receives N3.911bn in oil derivation funds between 2018- 2021

… loses revenue due to ongoing production issues at Aje field … as dispute between Yinka Folawiyo, technical partners lingers   Oredola Adeola The Lagos State Government has that it received a cumulative sum of N3.911 billion in oil derivation…

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NERC upgrades 60 additional EKEDC feeders to Band A, total count hits 134
May 7, 2024DistributionNewsPower

NERC upgrades 60 additional EKEDC feeders to Band A, total count hits 134

…  upgrade limits Eko DisCo Band B feeders to 49   Oredola Adeola   The Nigerian Electricity Regulatory Commission (NERC) has approved the upgrade of an additional 60 feeders in the Eko Electricity Distribution Company’s (EKEDC) franchise area to Band…

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NNPCL confirms fuel queues dissipating in Lagos, FCT other states
May 7, 2024DownstreamNewsOil & Gas

NNPCL confirms fuel queues dissipating in Lagos, FCT other states

… announces 1.5 bn litres of petrol stockpile to meet 30 days of supply … cautions motorists against panic buying   Oredola Oredola   As part of measure to thin out supply issues and queues across the country, the Nigerian…

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OTC 2024: Nigerian govt. vows to eradicate business hurdles, boost investors confidence in oil, gas sector
May 7, 2024NewsOil & GasUpstream

OTC 2024: Nigerian govt. vows to eradicate business hurdles, boost investors confidence in oil, gas sector

… as Lokpobiri applauds PETAN for providing platform for Nigerian companies to showcase their businesses to world   … 12 lucrative oil blocks on offer in 2024 bid round with robust incentives – Engr Komolafe assures new entrants   Oredola…

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NERC slashes Band A electricity tariff by 8.1% to N206.80/kwH
May 6, 2024DistributionNewsPower

NERC slashes Band A electricity tariff by 8.1% to N206.80/kwH

  …  effective May 6, 2024 …as Ikeja, Eko DisCos implement May 2024 supplementary order     Oredola Adeola   The Nigerian Electricity Regulatory Commission (NERC) has issued the May 2024 supplementary order downwardly revising the tariff for Band A…

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Shell signs 20-year agreement with Oyo State government to develop gas distribution infrastructure network
May 4, 2024DownstreamFinanceGasMidstreamNewsOil & GasUpstream

Shell signs 20-year agreement with Oyo State government to develop gas distribution infrastructure network

…to deliver 60 millons SCF of gas Daily by Q4 2025   Oredola Adeola   Shell Nigeria Gas (SNG) has signed an agreement with the Oyo State Government to construct and manage gas distribution infrastructure, encompassing 15km of pipeline routes,…

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NERC unbundles TCN, as Nigeria ISO assumes market control, system operations
May 4, 2024Energy TransitionNewsPower

NERC unbundles TCN, as Nigeria ISO assumes market control, system operations

.. BPE, MOFI emerge as NISO shareholders … TCN to focus on developing, maintaining power transmission infrastructure … as Engr. Dr. Eje steers NISO …all employees under defunct System Operator transfered to NISO with equal terms   Oredola Adeola  …

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Tinubu to commission AHL, ANOH gas processing plants, ANOH-OB3 CTMS pipeline project
May 3, 2024DownstreamGasMidstreamNews

Tinubu to commission AHL, ANOH gas processing plants, ANOH-OB3 CTMS pipeline project

  …foresees 500mmscf/d surge in domestic gas supply   Oredola Adeola President Bola Tinubu lined up the 200mmscf/d AHL gas processing plant 2 (GPP – 2), 300MMscf/d ANOH Gas Processing Plant (AGPC), and the ANOH-OB3 CTMS gas pipeline project being…

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Relief to residents of Ajah-Lekki, as Adelabu commissions Siemens-PPI 132/33kv mobile substationed
May 3, 2024DistributionNewsPowerTransmission

Relief to residents of Ajah-Lekki, as Adelabu commissions Siemens-PPI 132/33kv mobile substationed

…facility commissioned 6 months after installation …TCN to connect Ajah mobile substation to EKEDC network   Oredola Adeola   Six months after the successfully installation, the 1x 63 MVA, 132/33KV Mobile Substation at Ajah Transmission Substation, Lagos State, under the…

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Ogun CNG truck accident: FG to make regulations against trucking of gas
May 2, 2024DownstreamGasMidstreamNewsOil & Gas

Ogun CNG truck accident: FG to make regulations against trucking of gas

…demands gas companies invest in more pipelines to deliver gas to end users   Oredola Adeola   The Federal Government has revealed the plan to improve the reliability of gas delivery to reduce the logistical challenges associated with truck-based transportation,…

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