Energy Archives - Nairametrics https://nairametrics.com/category/industries/energy/ Destination for Business news and analysis from Africa's largest economy Sat, 17 Aug 2024 17:59:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Energy Archives - Nairametrics https://nairametrics.com/category/industries/energy/ 32 32 201037849 Nigeria’s 4 refineries can only meet 50% of country’s daily petrol demand — Energy Expert  https://nairametrics.com/2024/08/17/nigerias-4-refineries-can-only-meet-50-of-countrys-daily-petrol-demand-energy-expert/ https://nairametrics.com/2024/08/17/nigerias-4-refineries-can-only-meet-50-of-countrys-daily-petrol-demand-energy-expert/#respond Sat, 17 Aug 2024 17:59:42 +0000 https://nairametrics.com/?p=496004 A former technical adviser to the Minister of Petroleum Resources and energy expert, Daniel Kunle, has revealed that the four national refineries, even at full capacity, could only produce about 20 million liters of petrol daily. 

The post Nigeria’s 4 refineries can only meet 50% of country’s daily petrol demand — Energy Expert  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/17/nigerias-4-refineries-can-only-meet-50-of-countrys-daily-petrol-demand-energy-expert/feed/ 0 496004 Oil firm denies importing substandard petrol to Nigeria amid Malta blending plant controversy   https://nairametrics.com/2024/08/17/oil-firm-denies-importing-substandard-petrol-to-nigeria-amid-malta-blending-plant-controversy/ https://nairametrics.com/2024/08/17/oil-firm-denies-importing-substandard-petrol-to-nigeria-amid-malta-blending-plant-controversy/#respond Sat, 17 Aug 2024 14:00:03 +0000 https://nairametrics.com/?p=495990 An indigenous oil company, Matrix Energy Group, has reacted to a report that it is importing substandard petrol into Nigeria, particularly from Malta, insisting its products meet the required guidelines.  

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]]> https://nairametrics.com/2024/08/17/oil-firm-denies-importing-substandard-petrol-to-nigeria-amid-malta-blending-plant-controversy/feed/ 0 495990 NNPC to job seekers: We are not selling employment slots https://nairametrics.com/2024/08/17/nnpc-to-job-seekers-we-are-not-selling-employment-slots/ https://nairametrics.com/2024/08/17/nnpc-to-job-seekers-we-are-not-selling-employment-slots/#respond Sat, 17 Aug 2024 11:41:45 +0000 https://nairametrics.com/?p=495988 The Nigerian National Petroleum Company Limited (NNPC) Limited has firmly denied any allegations of involvement in the sale of employment slots to job seekers in the country. 

The post NNPC to job seekers: We are not selling employment slots appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/17/nnpc-to-job-seekers-we-are-not-selling-employment-slots/feed/ 0 495988 NMDPRA to suspend license of marketers, petrol stations selling to illegal peddlers   https://nairametrics.com/2024/08/17/nmdpra-to-suspend-license-of-marketers-petrol-stations-selling-to-illegal-peddlers/ https://nairametrics.com/2024/08/17/nmdpra-to-suspend-license-of-marketers-petrol-stations-selling-to-illegal-peddlers/#respond Sat, 17 Aug 2024 07:44:59 +0000 https://nairametrics.com/?p=495975 The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a stern warning to filling stations and fuel marketers against the unlawful sale of premium motor spirit (PMS), commonly known as petrol, to illegal roadside peddlers. 

The post NMDPRA to suspend license of marketers, petrol stations selling to illegal peddlers   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/17/nmdpra-to-suspend-license-of-marketers-petrol-stations-selling-to-illegal-peddlers/feed/ 0 495975 Tinubu signs deal on gulf stream pipeline project with Equatorial Guinea President  https://nairametrics.com/2024/08/15/tinubu-signs-deal-on-gulf-stream-pipeline-project-with-equatorial-guinea-president/ https://nairametrics.com/2024/08/15/tinubu-signs-deal-on-gulf-stream-pipeline-project-with-equatorial-guinea-president/#respond Thu, 15 Aug 2024 11:47:32 +0000 https://nairametrics.com/?p=495858 President Bola Tinubu and President Teodoro Mbasogo of Equatorial Guinea have signed an agreement to develop a gas pipeline across the Gulf of Guinea.  

The post Tinubu signs deal on gulf stream pipeline project with Equatorial Guinea President  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/15/tinubu-signs-deal-on-gulf-stream-pipeline-project-with-equatorial-guinea-president/feed/ 0 495858 We are not responsible for Benin DisCo power outages – TCN   https://nairametrics.com/2024/08/15/we-are-not-responsible-for-benin-disco-power-outages-tcn/ https://nairametrics.com/2024/08/15/we-are-not-responsible-for-benin-disco-power-outages-tcn/#respond Thu, 15 Aug 2024 05:36:08 +0000 https://nairametrics.com/?p=495814 The Transmission Company of Nigeria (TCN) has refuted claims by the Benin Distribution Company (DisCo) that it is responsible for the power outages affecting certain regions within the DisCo’s service area. 

The post We are not responsible for Benin DisCo power outages – TCN   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/15/we-are-not-responsible-for-benin-disco-power-outages-tcn/feed/ 0 495814 Blackouts loom in Niger Delta region as Vandals destroy 13 Transmission towers in Bayelsa   https://nairametrics.com/2024/08/15/blackout-loom-in-niger-delta-region-as-vandals-destroy-13-tcn-towers-in-bayelsa/ https://nairametrics.com/2024/08/15/blackout-loom-in-niger-delta-region-as-vandals-destroy-13-tcn-towers-in-bayelsa/#respond Thu, 15 Aug 2024 05:24:12 +0000 https://nairametrics.com/?p=495812 States in the Niger Delta region, particularly Rivers and Bayelsa State, are expected to face months of electricity blackouts as vandals destroy 13 transmission towers along the Ahoada-Yenagoa 132kV Double Circuit transmission.  

The post Blackouts loom in Niger Delta region as Vandals destroy 13 Transmission towers in Bayelsa   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/15/blackout-loom-in-niger-delta-region-as-vandals-destroy-13-tcn-towers-in-bayelsa/feed/ 0 495812 Dangote Refinery denies fixing petrol price at N600 per liter   https://nairametrics.com/2024/08/13/dangote-refinery-denies-fixing-petrol-price-at-n600-per-liter/ https://nairametrics.com/2024/08/13/dangote-refinery-denies-fixing-petrol-price-at-n600-per-liter/#respond Tue, 13 Aug 2024 21:00:04 +0000 https://nairametrics.com/?p=495734 The management of Dangote Group has firmly refuted circulating reports that it has set the pump price of petrol at N600 per liter for sale to marketers nationwide. 

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]]> https://nairametrics.com/2024/08/13/dangote-refinery-denies-fixing-petrol-price-at-n600-per-liter/feed/ 0 495734 Concerns mount as NERC presses DisCos to buy power directly from Gencos  https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/ https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/#respond Tue, 13 Aug 2024 11:02:04 +0000 https://nairametrics.com/?p=495690 The Nigerian Electricity Regulatory Commission's (NERC) recent directive for Distribution Companies (DisCos) to transition away from the single-buyer model contract with energy generation companies (GenCos) has sparked significant controversies in the power sector. 

The post Concerns mount as NERC presses DisCos to buy power directly from Gencos  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/feed/ 0 495690 Nigeria’s crude oil production rises to 1.3 million bpd in July- OPEC  https://nairametrics.com/2024/08/12/nigerias-crude-oil-production-rises-to-1-3-million-bpd-in-july-opec/ https://nairametrics.com/2024/08/12/nigerias-crude-oil-production-rises-to-1-3-million-bpd-in-july-opec/#respond Mon, 12 Aug 2024 14:10:47 +0000 https://nairametrics.com/?p=495648 Nigeria’s crude oil production in the month of July rose to 1.307 million barrels of crude oil daily according to the monthly oil market report of the Organisation of Petroleum Exporting Countries (OPEC).  

The post Nigeria’s crude oil production rises to 1.3 million bpd in July- OPEC  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/12/nigerias-crude-oil-production-rises-to-1-3-million-bpd-in-july-opec/feed/ 0 495648 Dangote Refinery, others raise local crude requirements to 597,700 barrels per day amid tight supply https://nairametrics.com/2024/08/12/dangote-refinery-others-raise-local-crude-requirements-to-597700-barrels-per-day-amid-tight-supply/ https://nairametrics.com/2024/08/12/dangote-refinery-others-raise-local-crude-requirements-to-597700-barrels-per-day-amid-tight-supply/#respond Mon, 12 Aug 2024 11:15:02 +0000 https://nairametrics.com/?p=495631 Crude oil producing companies in Nigeria are expected to supply Dangote refinery and other local refineries about 597,700 barrels per day (bpd) of crude in the next five months to meet local demands.  

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]]> https://nairametrics.com/2024/08/12/dangote-refinery-others-raise-local-crude-requirements-to-597700-barrels-per-day-amid-tight-supply/feed/ 0 495631 We cannot sabotage Dangote refinery after investing billions of naira in it — NNPC https://nairametrics.com/2024/08/11/we-cannot-sabotage-dangote-refinery-after-investing-billions-of-naira-in-it-nnpc/ https://nairametrics.com/2024/08/11/we-cannot-sabotage-dangote-refinery-after-investing-billions-of-naira-in-it-nnpc/#respond Sun, 11 Aug 2024 18:12:02 +0000 https://nairametrics.com/?p=495606 The Nigerian National Petroleum Corporation (NNPC) Limited has reiterated that it is not involved in any sabotage of the Dangote Refinery, highlighting its substantial investment of billions of naira in the plant. 

The post We cannot sabotage Dangote refinery after investing billions of naira in it — NNPC appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/11/we-cannot-sabotage-dangote-refinery-after-investing-billions-of-naira-in-it-nnpc/feed/ 0 495606 Dialogue Earth offers $500 for negative report against Dangote Refinery – David Hundeyin reveals https://nairametrics.com/2024/08/11/dialogue-earth-offers-500-for-negative-report-against-dangote-refinery-david-hundeyin-reveals/ https://nairametrics.com/2024/08/11/dialogue-earth-offers-500-for-negative-report-against-dangote-refinery-david-hundeyin-reveals/#respond Sun, 11 Aug 2024 13:45:13 +0000 https://nairametrics.com/?p=495598 Nigerian investigative journalist David Hundeyin has raised serious allegations against an international NGO, known as Dialogue Earth, accusing them of attempting to commission a smear campaign targeting the Dangote Refinery under the pretext of environmental concerns.

The post Dialogue Earth offers $500 for negative report against Dangote Refinery – David Hundeyin reveals appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/11/dialogue-earth-offers-500-for-negative-report-against-dangote-refinery-david-hundeyin-reveals/feed/ 0 495598 International customers failed to pay $14.19 million electricity bill in Q1 2024 – Report  https://nairametrics.com/2024/08/10/international-customers-failed-to-pay-14-19-million-electricity-bill-in-q1-2024-report/ https://nairametrics.com/2024/08/10/international-customers-failed-to-pay-14-19-million-electricity-bill-in-q1-2024-report/#respond Sat, 10 Aug 2024 19:07:25 +0000 https://nairametrics.com/?p=495568 Nigeria’s international electricity customers did not make any payment to the Market Operator (MO) out of the $14.19 million electricity bill in the first quarter of 2024. 

The post International customers failed to pay $14.19 million electricity bill in Q1 2024 – Report  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/10/international-customers-failed-to-pay-14-19-million-electricity-bill-in-q1-2024-report/feed/ 0 495568 Nigeria’s electricity generation falls by 901 Gigawatts-hour in Q1, 2024 – NERC  https://nairametrics.com/2024/08/10/nigerias-electricity-generation-falls-by-901-gigawatts-hour-in-q1-2024-nerc/ https://nairametrics.com/2024/08/10/nigerias-electricity-generation-falls-by-901-gigawatts-hour-in-q1-2024-nerc/#respond Sat, 10 Aug 2024 12:22:43 +0000 https://nairametrics.com/?p=495559 In the first quarter of the year, Nigeria’s total electricity generation dropped by 901.94 GWh compared to the previous quarter of Q4, 2023.

The post Nigeria’s electricity generation falls by 901 Gigawatts-hour in Q1, 2024 – NERC  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/10/nigerias-electricity-generation-falls-by-901-gigawatts-hour-in-q1-2024-nerc/feed/ 0 495559 Ogun State secures $500 million investments from Japan to boost power supply   https://nairametrics.com/2024/08/10/ogun-state-secures-500-million-investments-from-japan-to-boost-power-supply/ https://nairametrics.com/2024/08/10/ogun-state-secures-500-million-investments-from-japan-to-boost-power-supply/#respond Sat, 10 Aug 2024 06:13:27 +0000 https://nairametrics.com/?p=495543 Japan, through its international development agency, the Japanese International Cooperation Agency (JICA), has committed $500 million to enhance power supply in Nigeria’s Ogun and Lagos regions.

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]]> https://nairametrics.com/2024/08/10/ogun-state-secures-500-million-investments-from-japan-to-boost-power-supply/feed/ 0 495543 Dangote Refinery insists NUPRC not enforcing Petroleum Act on crude supply to local refineries   https://nairametrics.com/2024/08/09/dangote-refinery-insists-nuprc-not-enforcing-petroleum-act-on-crude-supply-to-local-refineries/ https://nairametrics.com/2024/08/09/dangote-refinery-insists-nuprc-not-enforcing-petroleum-act-on-crude-supply-to-local-refineries/#respond Fri, 09 Aug 2024 22:21:48 +0000 https://nairametrics.com/?p=495541 The management of Dangote Refinery has reaffirmed its stance that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is not upholding the Petroleum Industry Act (PIA) regarding the domestic supply of crude oil to local refineries. 

The post Dangote Refinery insists NUPRC not enforcing Petroleum Act on crude supply to local refineries   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/09/dangote-refinery-insists-nuprc-not-enforcing-petroleum-act-on-crude-supply-to-local-refineries/feed/ 0 495541 We are still unable to get full supply of crude oil from domestic producers- Dangote Group  https://nairametrics.com/2024/08/09/we-are-still-unable-to-get-full-supply-of-crude-oil-from-domestic-producers-dangote-group/ https://nairametrics.com/2024/08/09/we-are-still-unable-to-get-full-supply-of-crude-oil-from-domestic-producers-dangote-group/#respond Fri, 09 Aug 2024 15:21:06 +0000 https://nairametrics.com/?p=495529 The Dangote Refinery reiterated that they are still unable to secure their full crude requirement from domestic production and urged the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) to enforce the domestic supply obligation as mandated by the Petroleum Industry Act (PIA). 

The post We are still unable to get full supply of crude oil from domestic producers- Dangote Group  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/09/we-are-still-unable-to-get-full-supply-of-crude-oil-from-domestic-producers-dangote-group/feed/ 0 495529 Fuel subsidy removal slashed domestic consumption of petrol by 50% – Idris Mohammed  https://nairametrics.com/2024/08/09/fuel-subsidy-removal-slashed-domestic-consumption-of-petrol-by-50-idris-mohammed/ https://nairametrics.com/2024/08/09/fuel-subsidy-removal-slashed-domestic-consumption-of-petrol-by-50-idris-mohammed/#respond Fri, 09 Aug 2024 15:16:55 +0000 https://nairametrics.com/?p=495528 The Minister of Information, Idris Mohammed, has said that Nigeria’s domestic consumption dropped from 2 billion of petrol by 50% following the removal of fuel subsidy.

The post Fuel subsidy removal slashed domestic consumption of petrol by 50% – Idris Mohammed  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/09/fuel-subsidy-removal-slashed-domestic-consumption-of-petrol-by-50-idris-mohammed/feed/ 0 495528 Energy cost of Nigeria’s cement manufacturers rises by 140% in first half of 2024  https://nairametrics.com/2024/08/09/energy-cost-of-nigerias-cement-manufacturers-rises-by-140-in-first-half-of-2024/ https://nairametrics.com/2024/08/09/energy-cost-of-nigerias-cement-manufacturers-rises-by-140-in-first-half-of-2024/#respond Fri, 09 Aug 2024 07:47:11 +0000 https://nairametrics.com/?p=495505 The energy cost of cement manufacturers listed on the NGX rose by 140.66% in the first half of 2024 compared to the figure for the same period of 2023.  

The post Energy cost of Nigeria’s cement manufacturers rises by 140% in first half of 2024  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/09/energy-cost-of-nigerias-cement-manufacturers-rises-by-140-in-first-half-of-2024/feed/ 0 495505