Nigeria’s Forte Oil seeks to sell power unit to top investor
Source: Reuters Nigerian energy firm Forte Oil plans to enter into talks to sell its power unit to its major investor, billionaire Femi Otedola, after it failed to secure a…
Energy
Energy
Major Marketers Not To Resume Petrol Import ..Says Pump Price Adjustment Not Conceivable
Yemisi Izuora The Major Oil Marketers Association of Nigeria, MOMAN has said it is not pondering on resumption of petroleum products importation at the moment because the regulatory environment…
Shell Appoints Sawan Oil And Gas Production Head
Yemisi Izuora Royal Dutch Shell, has appointed Wael Sawan to head its oil and gas production division, replacing Andy Brown who will step down after 35 years at the Anglo-Dutch…
Ikeja Electric Frowns At Activities Around Power Lines
Yemisi Izuora In a renewed commitment to its high safety standards, Ikeja Electric Plc (IE), has cautioned the public under its network against building structures and engaging in social and…
Eland To Double Production As Nigeria’s Crude Oil Production Rises
Yemisi Izuora Eland Oil & Gas PLC on Tuesday forecasts doubling production in 2019 after positive impact recorded in 2018. In 2018, average production was 8,000 barrels of oil a…
Oil Prices Dip On Global Economic Slowdown
Yemisi Izuora Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC-led supply cuts helped support Brent crude above $60 per barrel. International Brent crude…
Oil Prices Recovering On OPEC Cut Deal
Yemisi Izuora Oil prices climbed by 1 per cent on Tuesday following supply cuts led by Organization of Petroleum Exporting Countries, OPEC and Russia, although a darkening economic outlook capped…
ADFD To Fund Renewable Energy Projects In Togo, Liberia And Guyana
Yemisi Izuora/Agency Report Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (IRENA) have announced the selection of renewable energy projects in three West African regions to…
Liquidity Crises And Power Rejection Complicates Gencos Operations …Threatens To Shut Down
Yemisi Izuora Electricity generation companies, Gencos may be forced to shut down their power plants if the challenges facing them are not addressed. The Association of Power Generation Companies, the…
IPMAN To Create Synergy For Effective Products Distribution
Yemisi Izuora The Independent Petroleum Marketers Association of Nigeria (IPMAN), says it is considering fresh synergy that would facilitate effective products Distribution across the country. The Association said it is…
