A new report from the Oxford Institute for Energy Studies (OIES), has stated that the margin for exporting oil products remain negative, and could remain so for the duration of 2020, even with glut in the Liquefied Natural Gas (LNG) sector.

Observers say that Nigeria may take advantage of the…

Nigerian Electricity Regulatory Commission (NERC) has ordered the power Distribution Companies (DisCos) to discontinue from directly connecting power users’ facilities to 33 kilovolts (KV) lines.

The order comes to them despite a ban by the Nigerian Electricity Management Services Agency (NEMSA) restraining the 11 Distribution Companies (DisCos). This situation spells…

Global oil prices fell yesterday as the US oil price data showed a surprise rise in the country’s crude inventories, and as tensions escalated between the US and China.

Reuters said the international oil benchmark, Brent crude, fell 55 cents, or 1.2%, to $43.77 per barrel by 10:56 EST (1456…

Nigeria lost N281 billion  ($779.9 million,) in six months, as oil and gas companies operating in the country flared 222.8 billion standard cubic feet (bscf) of gas from January to June 2020, data obtained yesterday from the Nigeria’s federal government’s gas flare tracker said.

In the gas flare tracker published…

The three-year-old company based in Ireland provides turnkey underwater data acquisition services with its growing fleet of innovative unmanned surface vessels (USVs) which deliver an unprecedented combination of safety, versatility, efficiency and productivity.

And, thanks to Torqeedo’s electric propulsion systems, they are also nearly 100% emission-free.

XOCEAN’s…

Omo-Agege Calls for outright cancellation, as he describes PPA with Azura as “another P&ID in our hands

The Senate has called for a review of the Power Purchase Agreement (PPA) between the Federal Government and Azura Power Plant, stressing that the agreement was a drain on the nation’s resources.

As part of the measures to cushion the impact of the coronavirus pandemic and the subsequent lockdown measures adopted by the government to curtail the spread of the novel virus among its citizenry, Ghanaian Government has announced the extension of free electricity and water supply for another three months.

The…

Stakeholders in the Nigerian oil and gas sector have called for an efficient and attractive fiscal policy in the oil and gas sector to help drive investment and infrastructure development in the country.

This was disclosed during a virtual workshop on Leveraging Fiscal Regulations to Attract Investments in the Petroleum…