Category: Energy and Power
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Oil rises up to $57.01 on threat of U.S. issuing new Iran sanctions
Oil prices was up on Friday on news that U.S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, raising geopolitical tensions between the two nations. Comments by Russian energy minister Alexander Novak that oil producers had cut their output in accordance with a pact agreed in December also helped…
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Sapele residents insist on 18-hour power supply
Residents of Sapele in Delta state Nigeria on Monday decried the incessant power outage by the authorities of Benin Electricity Distribution Company (BEDC), while also condemning the attendant crazy bills by the BEDC. The Speaker, Delta State House of Assembly, Rt. Hon. Monday Igbuya, Chairman of Sapele Local Government Area, Hon Ejaife Odebala, elders and…
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Nationwide power supply worsens as fire engulfs TCN control room
The country may yet face a decline in the supply of power as the Transmission Company of Nigeria, TCN on Saturday confirmed a fire incident which occurred at its Afam VI power station in Rivers State had completely destroyed the firm’s protection and control equipment. The General Manager, Public Affairs of TCN, Mrs. Seun…
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IBEDC not responsible for epileptic power supply
The management of Ibadan Electricity Distribution Company, IBEDC on Thursday said it was not responsible for the poor electricity supply to customers within its catchment area. The Head, IBEDC Media Communications, Mrs Angela Olanrewaju, in a statement in Lagos said that it only distributed the quantum of energy allocated to it by the Transmission Company…
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Shell oil workers in Gabon begin indefinite strike on Thursday
Royal Dutch Shell workers in Gabon on Thursday began an “indefinite’’ strike on all operations in the Central African OPEC member, the oil workers union wrote in a letter to employees. There was no immediate response from Shell, and the cause of the strike was not immediately clear. But the union in December called for…
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NUPENG strike: FG pledges to enforce compliance with agreements
The Federal Government says it will enforce compliance by the oil companies with agreement reached with the unions in the oil and gas industry. The Minister of Labour and Productivity, Senator Chris Ngige gave the assurance at a reconciliatory stakeholders meeting with officials of labour unions in the sector on Wednesday in Abuja. The leaderships…
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Nigeria’s power sector operated in errors – Saraki
Senate President, Bukola Saraki on Tuesday said there had been errors in the privatisation process and the model by which the power sector is being operated. Saraki also declared that the power sector has failed and nobody was willing to “tackle the issue headlong.” Addressing his colleagues on resumption of plenary, after a three-week break…
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‘If you don’t have the skill and patience to serve, leave’, Fashola warns DISCOS
The Minister of Works, Power and Housing, Mr Babatunde Fashola, on Monday warned the distribution companies in the country to step up their service delivery or quit. Fashola gave the warning at the opening ceremony of the 11th Monthly Stakeholders meeting in Lagos. According to him, we all know the issues around metering and billing…
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Electricity Generation: TCN wheels out more megawatts
Transmission Company of Nigeria (TCN) on Wednesday wheeled out about 3,959 megawatts of generated electricity to the 11 distribution companies as the country’s power supply gradually stabilised. The power generation data is obtained from daily forecast on the Nigerian Electricity System Operator (SO) website. The daily power statistics posted by SO, a section of the…
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Chevron Nigeria appoints Jeff Ewing as new MD
…To resume January 1 Chevron Nigeria Limited (CNL) has announced the appointment of Mr Jeffrey Ewing to the position of Chairman and Managing Director of Chevron companies in Nigeria, effective January 1, 2017. Its General Manager, Policy, Government and Public Affairs (PGPA), Mr Esimaje Brikinn disclosed this in a statement issued and made available to…