FG ready to implement IOPC fund

October 19, 2016 Olatunde Dodondawa

The Federal Government has expressed readiness for the implementation of the 1992 International Civil Liability Convention and the 1992 International Oil Pollution Compensation (IOPC) Fund. The Director-General of the Nigerian Maritime Administration and Safety Agency […]

Chevron, Energia, Lekoil back NGA conference

October 12, 2016

Chevron Nigeria, Energia and Lekoil have expressed support for Nigerian Gas Association as it prepares to stage the largest gathering of gas players and stakeholders in West Africa later this month in Abuja. Addressing the […]

NERC approves licenses for mini-grid

October 12, 2016

The Nigerian Electricity Regulatory Commission (NERC) has said power distribution firms have permission to begin the development of mini-grids to augment electricity supply to households, businesses and institutions in the country. NERC’s position, which was […]

Amaya Capital invests $300m in Azura power generation

October 12, 2016

A leading African-focused principal investment firm, Amaya Capital, has announced over $300million equity commitments in its power generation platform. The new investment follows the acquisition by growth markets investor, Actis of American Capital Energy & […]

NERC enacts draft regulation for mini-grid

October 5, 2016

The Nigerian Electricity Regulatory Commission (NERC) has produced a draft regulation for Mini-Grids in a bid to address erratic power supply and effective regulation in the power generation. The objective of the 140-page Regulation according […]

How Shale producers may frustrate OPEC deal

October 5, 2016

There are strong indications that Shale Oil producers in the United States may eventually frustrate the deal by member countries of the Organisation of Petroleum Exporting Countries (OPEC) to cut output by November 30, 2016, […]

NEMSA reiterates commitment to eliminate quacks

August 24, 2016

The Nigerian Electricity Management Services Agency (NEMSA) has pledged not to rest on its oars in stamping out quack and unqualified electrical installation contractors and bad electrical installations in Nigeria. This wa revealed at the […]

Chevron posts $1.47bn loss

August 3, 2016

Chevron recorded a net loss of $1.47 billion for the second quarter of 2016, on the back of the continued oil price depression. This is down from a profit of $571 million for the second […]

Chevron approves next major project expansion

July 13, 2016

International Oil Company (IOC), Chevron Corporation, has announced that its 50 per cent owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP), which will increase […]

Price war rages in downstream sector

July 6, 2016 David

Prior to the announcement of fuel subsidy removal by the federal government in May, Nigerians were experiencing the worst fuel scarcity in its history. Marketers were selling premium motor spirit (PMS) otherwise called petrol between […]

IBEDC hosts SARPA workshop

July 3, 2016

AS part of IBEDC’s leading strides in the power sector it hosted the South African Revenue Protection Agency (SARPA) in a knowledge sharing meeting on revenue protection strategies last week. SARPA was founded in 1997 […]

The politics of electricity tariffs

June 22, 2016 Oluwatoba Olaitan

It would seem from the deliberate efforts of the Nigerian trade unions to lump the issue of new electricity tariffs approved for Nigerian electricity distribution companies called discos, with  the  recent increase of fuel price […]