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DPR outlines achievements

DPR outlines achievements

The Department of Petroleum Resources (DPR) has unveiled its achievements targeted at boosting the industry and making its operations transparent and accountable. The achievements include the establishment of technologies that will track online/real time of production volumes from the oil fields, terminals, the vessels taking them out for exports and their destinations. DPR monitors 19 […] …

BEDC holds safety campaigns in Edo

BEDC holds safety campaigns in Edo

Benin Electricity Distribution Company (BEDC) has held safety campaigns in some primary and secondary schools in Edo State. It also donated over 20,000 exercise books to some pupils. The sensitisation was part of  the firm’s Corporate Social Responsibility (CSR). At Eyean Secondary School in Ikpoba Okha Local Government Area of Edo State, BEDC’s Health, Environment […] …

BoI, firm seal N1b Niger Delta off-grid deal

BoI, firm seal N1b Niger Delta off-grid deal

The Bank of Industry (BoI) and All On have agreed to establish a N1billion Niger Delta off-grid energy fund. The fund will provide local currency debt financing to facilitate the deployment of energy solutions by access-to-energy companies in the Niger Delta at 10 per cent interest rate per year (with a one-year moratorium) and tenor […] …

Why NERC is unable to grow sector, by group

Why NERC is unable to grow sector, by group

The Nigerian Electricity Regulatory Commission (NERC) is unable to grow the power sector because of the commercial and technical problems in the supply value chain, a source at the Association of Nigerian Electricity Distributors (ANED) has said. The source, who preferred anonymity, said the sector has not been able to perform optimally because NERC has […] …

NEMSA to sanction DisCos over substandard equipment

NEMSA to sanction DisCos over substandard equipment

The Nigerian Electricity Management Services Agency (NEMSA) will punish any electricity distribution company (DisCo) that uses substandard equipment, its Chief Executive Officer, Mr. Peter Ewesor, has said. He said the sanction ranged from a fine of at least N500, 000 to prosecution. He said the decision to impose sanctions on the firms was borne out […] …

Shell’s three scholarship awardees graduate

Shell’s three scholarship awardees graduate

THREE beneficiaries of Shell Nigeria Exploration and Production Company’s (SNEPCo)  scholarship in the United Kingdom (UK) have returned home after completing their studies. They are Iwinosa Aghedo, Peace Adepoju and Oluwapelumi Okewusi. They studied Geotechnical Engineering and Hydrography on the sponsorship of SNEPCo, in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB). SNEPCo’s […] …

NNRC proposes better resource management

THE Nigeria Natural Resource Charter, NNRC, a global initiative targeted at assisting governments and societies effectively harness the opportunities created by natural resources, has called for better management of Nigeria’s oil as it becomes clear that the nation earned more than $1.0 trillion with little evidence of development in the past 63 years.
Continue reading NNRC proposes better resource management at Vanguard News Nigeria. …

Global deepwater oil production to hit new record in 2019

Global deepwater liquid production is set to jump by 700,000 barrels per day, bpd from 2018 to reach a record-high of 10.3 million bpd in 2019, due to new fields coming on stream in Brazil and the US Gulf of Mexico, Rystad, Oslo, Norway –based energy research firm said. In addition to Brazil and the United States, the other biggest deepwater producers will be Angola, Norway, and Nigeria, according to Rystad.
Continue reading Global deepwater oil production to hit new record in 2019 at Vanguard News Nigeria. …

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