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Energy
114 posts
Five Power Towers Fall After Targeted Vandalism
Vandals have caused the collapse of five towers along the Ikot Abasi-Eket 132kV transmission line, leading the Transmission Company of Nigeria to reroute power and launch an investigation.
Federal Government Launches Crude Oil Trading Platform to Streamline Domestic Supply
The federal government has unveiled an automated trading platform to streamline the domestic supply of crude oil to local refineries like Dangote, aiming to reduce import reliance.
Nigerian Oil Production Dips to 1.67 Million Barrels Daily
Nigeria's oil production fell to 1.67 million barrels per day in July due to operational challenges at key fields, while the government explores new crude supply policies for domestic refineries.
Nigeria’s Daily Oil Output Drops to 1.67 Million Barrels in July
Nigeria's daily oil production fell to 1.67 million barrels per day in July, largely due to operational issues at the Erha and Akpo fields.
Representative Ugochinyere Promotes Regional Fuel Pricing Standard for West Africa
Rep. Ikenga Ugochinyere has pledged to support legislation creating a regional fuel pricing benchmark for West Africa to reduce dependence on foreign market indices.
First locations named for energy bill discounts near new pylons
Households within 1,600 feet of new electricity pylon upgrades will receive £250 in annual bill discounts, though local campaigners are criticizing the payments as insufficient.
Dangote Refinery Stresses Need for Accessible and Fairly Priced Local Crude
Dangote Refinery clarifies that while it supports sourcing local crude, supplies must be both physically available and priced at competitive market levels to remain viable for domestic operations.
Dangote Refinery Stresses Need for Accessible and Fairly Priced Local Crude
Dangote Refinery clarifies it remains committed to domestic crude but argues that current supply gaps and inflated prices from intermediaries hinder local production goals.
Federal Government Aims to Boost Refining Capabilities to Supply Africa
Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, announced plans to increase Nigeria's refining capacity to four million barrels to serve the African market and bolster regional energy security.
Nigerian Government Supports Regional Petrol Pricing Index for West Africa
Nigeria supports a new regional petroleum pricing benchmark for West Africa to boost energy security and trade, though experts stress the need for physical infrastructure and active market participation to ensure success.