Energy

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Ending Gas Flaring: Driven by Insights, Sylva Puts His Hand on the Plow!

(1) Six Months After: A Performance Audit of Buhari's Ministers. By Hamilton Nwosa ( Head,  The New Diplomat’s Business Desk) As Nigeria looks to leverage its enormous hydrocarbon deposits to upscale its Next Level growth and development agenda, the Buhari administration has invariably placed substantial tasks on the shoulders of  the  Minister of State for…

DisCos Will Enforce New Electricity Tariff From April, Says ANED

The Association of Nigerian Electricity Distribution Companies (ANED), on Monday, said that the Distribution Companies (DisCos) would enforce the new electricity tariffs from April 1. Mr. Sunday Oduntan, the Director, Research and Advocacy, ANED disclosed this in a statement in Abuja on Monday. Oduntan said that the present tariff shall remain the same until April…

Proton Energy To Boost National Grid With 150 MW Power Project in Delta

In a resolve to boost power supply and contribute to the National Grid, Proton Energy has undertaken the construction of a 150 megawatts power project in Sapele, Delta State. Adhering to its Corporate Social Responsibility principles, top executives of Proton Energy led by its Executive Vice Chairman, Mr Oti Ikomi met with the Orodje of…

Just In: Court Orders Transfer Of Oil Field From Bayelsa To Rivers

The Federal High Court, Abuja has ordered the transfer of Soku oil field from Bayelsa to its rightful owner, Rivers. Justice Inyang Ekwo gave the order on Monday while delivering judgment in a suit instituted by Rivers Government against the Attorney-General of Bayelsa and the Attorney-General of the Federation. Ekwo ordered the National Boundary Commission,…

‘Step Up and Pay Up’: Hundreds of Protesters Tell Rich Countries At #COP25

Hundreds of protesters from civil society organisations, peoples’ movements, trade unions, Indigenous Peoples, youth, women and gender groups joined forces today to demand rich countries step up ambition and action to tackle the climate crisis. The vibrant demonstration, taking inspiration from a popular South American form of protest known as a cacerolazo, which originated in…

NCDMB Sponsored Modular Refinery To Begin Operations In July 2020

Waltersmith modular refinery, a 5,000 barrels per day production capacity facility being promoted by Nigerian Content Development and Monitoring Board (NCDMB), will commence operations in July 2020. The Executive Secretary of NCDMB, Mr Simbi Wabote, made the fact known at the opening ceremony of the 9th Practical Nigerian Content conference and Exhibitions in Yenagoa, on…

Oil Prices Gain As Market Awaits Signals On U.S–China Trade Talks

Oil prices rose yesterday, reversing early losses on hopes that U.S. President Donald Trump may signal progress on trade talks with China in a speech later in the day. Brent crude futures were up 31 cents, or 0.5 per cent, at 62.49 dollars a barrel by 0644 GMT, after dipping to as low as 61.90…

NNPC To Pay N8.14bn In Damages To BCE

The Supreme Court on Tuesday upheld its earlier judgment, ordering the Nigerian National Petroleum Corporation (NNPC) to pay $22.6 million(N8.1billion) in damages to BCE Consulting Engineers over a failed Consultancy Service Contract. The NNPC through its counsel, approached the Supreme Court seeking a review of the July 5, 2019 judgment over an alleged error of facts. Judicial…

$9bn Power Project Scam: CEHEJ Petitions EFCC, Wants GE, Rockson Engineering Indicted

Centre for Health Equity and Justice (CEHEJ) has petitioned the Economic and Financial Crimes Commission (EFCC), asking the commission to investigate the role played by General Electric (GE) in the $9billion power project scandal, with a view to recovering any stolen public funds so that they are used to provide public goods and services to…

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Ending Gas Flaring: Driven by Insights, Sylva Puts His Hand on the Plow!

(1) Six Months After: A Performance Audit of Buhari's Ministers. By Hamilton Nwosa ( Head,  The New Diplomat’s Business Desk) As Nigeria looks to leverage its enormous hydrocarbon deposits to upscale its Next Level growth and development agenda, the Buhari administration has invariably placed substantial tasks on the shoulders of  the  Minister of State for…

DisCos Will Enforce New Electricity Tariff From April, Says ANED

The Association of Nigerian Electricity Distribution Companies (ANED), on Monday, said that the Distribution Companies (DisCos) would enforce the new electricity tariffs from April 1. Mr. Sunday Oduntan, the Director, Research and Advocacy, ANED disclosed this in a statement in Abuja on Monday. Oduntan said that the present tariff shall remain the same until April…

Proton Energy To Boost National Grid With 150 MW Power Project in Delta

In a resolve to boost power supply and contribute to the National Grid, Proton Energy has undertaken the construction of a 150 megawatts power project in Sapele, Delta State. Adhering to its Corporate Social Responsibility principles, top executives of Proton Energy led by its Executive Vice Chairman, Mr Oti Ikomi met with the Orodje of…

Just In: Court Orders Transfer Of Oil Field From Bayelsa To Rivers

The Federal High Court, Abuja has ordered the transfer of Soku oil field from Bayelsa to its rightful owner, Rivers. Justice Inyang Ekwo gave the order on Monday while delivering judgment in a suit instituted by Rivers Government against the Attorney-General of Bayelsa and the Attorney-General of the Federation. Ekwo ordered the National Boundary Commission,…

‘Step Up and Pay Up’: Hundreds of Protesters Tell Rich Countries At #COP25

Hundreds of protesters from civil society organisations, peoples’ movements, trade unions, Indigenous Peoples, youth, women and gender groups joined forces today to demand rich countries step up ambition and action to tackle the climate crisis. The vibrant demonstration, taking inspiration from a popular South American form of protest known as a cacerolazo, which originated in…

NCDMB Sponsored Modular Refinery To Begin Operations In July 2020

Waltersmith modular refinery, a 5,000 barrels per day production capacity facility being promoted by Nigerian Content Development and Monitoring Board (NCDMB), will commence operations in July 2020. The Executive Secretary of NCDMB, Mr Simbi Wabote, made the fact known at the opening ceremony of the 9th Practical Nigerian Content conference and Exhibitions in Yenagoa, on…

Oil Prices Gain As Market Awaits Signals On U.S–China Trade Talks

Oil prices rose yesterday, reversing early losses on hopes that U.S. President Donald Trump may signal progress on trade talks with China in a speech later in the day. Brent crude futures were up 31 cents, or 0.5 per cent, at 62.49 dollars a barrel by 0644 GMT, after dipping to as low as 61.90…

NNPC To Pay N8.14bn In Damages To BCE

The Supreme Court on Tuesday upheld its earlier judgment, ordering the Nigerian National Petroleum Corporation (NNPC) to pay $22.6 million(N8.1billion) in damages to BCE Consulting Engineers over a failed Consultancy Service Contract. The NNPC through its counsel, approached the Supreme Court seeking a review of the July 5, 2019 judgment over an alleged error of facts. Judicial…

$9bn Power Project Scam: CEHEJ Petitions EFCC, Wants GE, Rockson Engineering Indicted

Centre for Health Equity and Justice (CEHEJ) has petitioned the Economic and Financial Crimes Commission (EFCC), asking the commission to investigate the role played by General Electric (GE) in the $9billion power project scandal, with a view to recovering any stolen public funds so that they are used to provide public goods and services to…

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