Business Nigeria

N24bn money laundering : Court ordered parties to maintain status quo

Ihesiulo Grace 18 December 2017 0

A Federal High Court, Ikoyi, Lagos has ordered a Nigerian firm, Nadabo Energy Limited and a London- based company, Trafigura Beheer BV engaged in legal battle over a cargo of 950,000 crude oil to maintain status quo. The court also warned the two parties not do anything that will overreach it.

Business

Global Spectrum Joins NSE

Ihesiulo Grace 29 November 2017 0

….plans to grow profit by 200 per cent in 5 years An integrated oil & gas offshore support vessel services firm with operations in West Africa, was on Monday, November 27, 2017, listed on the trading platform of the Nigerian Stock Exchange (NSE). About 800 million ordinary shares of the company, Global Spectrum Energy Services […]

Business

OPEC meets Thursday on ‘tougher policy’ talks

Ihesiulo Grace 29 November 2017 0

OPEC is heading for tougher-than-expected policy talks on Thursday amid concern that its efforts to rebalance the oil market might overshoot by creating a global deficit and spurring a further price rally. “It will not be an easy meeting and we always look at various scenarios,” United Arab Emirates Energy Minister Suhail Al-Mazroui said on […]

News

CSO’s urges President Buhari to wade into Gov. Ayade proposed Superhighway project

Ihesiulo Grace 12 November 2017 0

* Says project violate relevant laws *About 185 communities will be affected if project is allowed A coalition of about five civil society groups has drawn the attention of president Muhammadu Buhari to the irregularities and violations of the laws of the Federal Republic of Nigeria in the proposed Superhighway project of the Cross River […]

Analysis

FG’s oil, gas reforms fast-tracking private sector-led investments – Osinbajo

Ihesiulo Grace 7 November 2017 0

The Vice President Professor Yemi Osinbajo Solicits private sector cooperation in the realization of FG’s clean energy economy initiative. He also solicits the cooperation and support for the clean energy economy efforts as well. He made this request at the 55th anniversary celebration of oil producers’ trade section (opts) of the Lagos Chambers of Commerce […]

News

Sokoto, German firm partner on solar power project

Ihesiulo Grace 29 October 2017 0

The Sokoto state government said it is connecting a number of rural households with solar power to deepen energy usage and enhance rural electrification in the state. Already, a pilot scheme has started in Kurdula, a rural settlement of Balle town in Gudu local government area of the state. Speaking to reporters in Sokoto on […]

Business Energy

FG to review power sector privatisation as expert calls for consistent energy policies to attract investors

Ihesiulo Grace 25 October 2017 0

Simon Ugwu Dr. Kandeh Yumkella, a two-term former Director-General of United Nations Industrial Development Organisation (UNIDO), says Nigeria needs to be consistent in implementation of its energy policies to experience development of the energy sector. Yumkella stated this in Abuja, adding that consistency in implementation of energy pricing for electricity was key to

Business Energy

BP acquires major stake in Ghana, Senegal

Ihesiulo Grace 26 December 2016 0

BP has signed agreements with Kosmos Energy. to acquire a 62 percent working interest, including operatorship, of Kosmos’ exploration blocks in Mauritania and a 32.49 percent effective working interest in Kosmos’ Senegal exploration blocks. The acreage includes the Tortue field, estimated by Kosmos to contain more than 15 trillion cubic feet of discovered gas resources.

Business Energy

Next 25 years, energy used in water sector will more than double – IEA

Ihesiulo Grace 29 November 2016 0

Energy and water have always been closely intertwined. Water is essential for all phases of energy production, from fossil fuels to biofuels and power plants. Likewise, energy is critical to water supply, wastewater treatment and desalination. This critical nexus between water and energy was examined in the November edition of the World Energy Outlook (WEO). […]

Technology

Thorium Car, Drives for 100yrs before Refuelling

Ihesiulo Grace 28 April 2015 0

Laser Power Systems has created a new Thorium car is completely emission-free, turbine-free, and is electricity generated. It’s one of the new sustainable-powered engines to show just how unnecessary modern day propulsion engines are and also offer an exciting alternative. Fuelled by nuclear thorium lasers, this engine only needs 8 grams of fuels every 100 years. […]

Business

Nigeria’S Solar Capacity Hits 28 Megawatts – ECN

Ihesiulo Grace 1 April 2015 0

Prof Jere Bala, the Director-General of the Energy Commission of Nigeria (ECN) has revealed that solar electricity generation has reached 28 megawatts. Bala disclosed this in Abuja, adding that Nigeria had started integrating some of the alternative energy sources, like the penetration of solar energy into energy supply in the country. “A lot of solar […]

Power & Energy

NNPC, NLNG Partner Host Communities to Check Vandalism

Ihesiulo Grace 23 March 2015 0

The Nigerian National Petroleum Corporation, (NNPC), and Nigerian LNG Limited, (NLNG), have extended various incentives to their host communities in order to nip the growing scourge of pipeline vandalism in the bud. Both companies have resolved to involve the various communities in their areas of operation to provide security for their infrastructure. While the NNPC […]

News

Lagos Distributes Free 20,000 Gas Stoves to Residents.

Ihesiulo Grace 12 March 2015 0

The Lagos State Government has distributed over 20,000 Liquefied PG Cylinders to residents across the 57 LG/LCDA in the State in order to promote the use of cooking gas and reduce hazards associated with the use of firewood and kerosene. The Commissioner for Energy and Mineral Resources, Engr. Taofeek Tijani disclosed this at the free […]