Energy
Oil & Gas and Power Sector related news
2020 FY Results: Caverton Group Plc records 73% decline in profit after tax.
Caverton Offshore Support Group Plc released its full-year results for the year ended 31st December 2020. Revenue from contracts with...
Read moreDetailsBOC Gases Nigeria Plc reports profit of N292.1 million in FY 2020.
BOC Gases Nigeria Plc released its full-year results for the year ended 31st December 2020. Revenue for the year was...
Read moreDetailsRAK Unity Petroleum Plc posts loss of N64.2 million in FY 2020.
RAK Unity Petroleum Company Plc released its full-year results for the year ended 31st December 2020. Revenue for the year...
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Minister asks Nigerians to safeguard electricity installations in their areas
Nigerians have been tasked to protect public utilities as the best guarantee of ensuring steady and uninterrupted electricity supply.
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As the “Ever Given” ship was stuck in The Nile, the Oil market was also stuck in denial
The Suez canal is not the Strait of Hormuz, where some 21 million barrels — or $1.2 billion worth of...
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DisCos record N273.42 billion shortfall in 2020, receive N542.73 billion from customers
DisCos received the sum of N542.73 billion from their consumers across the country as electricity bill in 2020.
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NLNG generated $114 billion in revenues, paid $18 billion as dividend to FG – Buhari
The President noted that the NLNG has generated $114 billion in revenues over the years.
Read moreDetailsHow Nigeria’s power outages may boost off-grid renewable energy growth
The need for reliable power supply has risen with the coming of COVID-19 and the need to work remotely.
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Suez Canal blockage may cause price increase in Nigeria
Growing concerns have been raised about the effect of the World’s largest maritime hold-up on the global economy, and Nigeria...
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Is rehabilitating the Port Harcourt refinery necessary? -The $1.5 billion question
With the paucity of funds the government faces, the spending of $1.5 billion on a refinery should be at the...
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