Archives for ENERGY
OPEC+ Approves July Output Increase By 188,000 bpd
Ministers of the Organisation of the Petroleum Exporting Countries plus it’s non-member alliance (OPEC+), on Sunday, agreed to raise their combined oil production quota by 188,000 barrels per day (bpd)…
REA CEO, Stakeholders To Brainstorm On Nigeria’s Energy Transition Pathway At 2026 Oriental News Conference
BY NGOZI ONYEAKUSI The Rural Electrification Agency (REA), would be leading conversations on Nigeria’s renewable energy strategy which is a component of broader energy transition strategy of the federal government…
Dangote Refinery Ramps Up to 700,000 Barrels Per Day, Strengthening Africa’s Energy Landscape
BY NGOZI ONYEAKUSI Dangote Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd) in a performance test conducted by the Process…
Power outage worsens as vandals destroy 6 TCN transmission towers
The Transmission Company of Nigeria (TCN) confirmed that the incident, which occurred on May 30 at about 1:15 during a heavy downpour, has disrupted electricity supply along the corridor serving…
NLNG awards contracts for three new vessels
Bonny Gas Transport Limited, a subsidiary of Nigeria LNG Limited, has awarded contracts for the construction of three new liquefied natural gas carriers to Hudong-Zhonghua Shipbuilding Group and China Shipbuilding…
NUPRC Kicks Off 2026 Licencing Round in Q3 After Tinubu’s Approval
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said the 2026 Oil Licencing Round will commence by the third quarter (Q3) 2026, having received the approval of President Bola Tinubu,…
Meren Energy Targets New Investments As NUPRC Unveils 2026 Licensing Round
BY NGOZI ONYEAKUSI The Group Chief Executive Officer of Meren Energy, Dr. Oliver Quinn has assured that the ongoing reforms in Nigeria’s energy sector had encouraged Meren Energy to deepen…
Government Comprehensive Secondary School, Borikiri Emerges Winner of 2026 NLNG Science Contest
BY NGOZI ONYEAKUSI The 2026 NLNG Science Contest came to a remarkable close on Wednesday in Port Harcourt, Rivers State, as Government Comprehensive Secondary School, Borikiri, emerged winner after a…
Oil rises, stocks waver as new US strikes dampen peace deal hopes
Oil prices rose on Tuesday and stocks dithered as investor optimism over an imminent peace deal was tempered by new strikes in the Middle East. forces conducted strikes in southern…
Supply shortage, high depot prices shoot up gas price
Supply shortages have led to another increase in price of Liquefied Natural Gas (LPG), as the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) raised an alarm over the soaring…
