PIB'll Address Production Sharing Contracts Issues On Gas, Says Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas.
Sylva made this...
Gas Flaring: Nigeria Loses N189.90bn In 11 Months
Nigeria lost an estimated N189.90bn from January to November 2020 as international oil companies and local players flared a total of 178.95 billion standard cubic feet of natural gas.
The oil companies wasted 19.95 billion scf of gas...
Power Sector Loses N26.4bn To Gas, Grid Challenges
The power sector has continued its sub-optimal performance in January, losing about N26.4 billion in revenues in the first month of the year, mainly due to gas supply issues as well as transmission and distribution challenges in...
Oil, Gas To Meet Over 50% Global Needs By 2045 — OPEC
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, has said the oil and gas sector will still supply over 50 per cent of the global energy needs...
Ten Power Plants Idle On Discos’ Rejection, Gas Shortage
Ten of the nation’s 29 power plants sat idle on Monday on the back of low load demand by the distribution companies and gas constraints.
Total power generation in the country fell to 4,112.10 megawatts as of...
Electricity: Gas, Transmission, Distribution Facilities Hinder 10,106MW Generation
A total of 10,106.8 megawatts of electricity could not be generated by the nation’s power plants last week amid lingering challenges in the Nigerian electricity supply industry.
Daily electricity generation in the country averaged 4,601.33MW last week as...
