Hurdles before modular refineries’ investments

The Federal Government is currently shopping for investors for multi-billion dollars investments in modular refineries. ADEOLA YUSUF looks at the challenges in the projects, which is the next big investment in Nigeria’s energy space Genesis Vice President, Professor Yemi Osinbajo, it was, who first let the cart out of the bag on modular refineries. During his well-celebrated official visit to the Niger Delta region in the first quarter of 2017, Osinbajo declared in his capacity as the acting president, plans by the Federal Government to support the conversion of hundreds…

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FG ends Maiduguri’s 3-year darkness with mobile transformers

The Federal Government has powered a mobile transmission transformer for Maiduguri and other major settlement under Damboa sub-station subjected to perpetual darkness due to attacks by Boko Haram insurgency. The transmission Company of Nigeria (TCN) said this in a statement. The firm said it had successfully installed and energized a 40MVA 132/33kV mobile power transformer at the Damboa Transmission Substation in Bornu State, on May 7th, 2017. The company recalled that the Damboa Substation, previously a 60MVA 132/33kV capacity transmission station with fully equipped control room and staff quarters was…

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Oil cuts ATI insurance portfolio to $2bn in 2016

Almost $2 billion worth of trade and investments slowed down largely by oil price rout were insured in 2016 by the African Trade Insurance Agency (ATI). ATI, in a statement, said that it was also increasingly supporting some of the continent’s most important transactions such as Ethiopian Airline’s fleet expansion and a $660 million investment in Lake Turkana, Africa’s largest wind farm and, to date, the single largest investment in Kenya. “According to World Bank estimates, oil exporters account for most of the slowdown owing to their two-thirds contribution to…

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Idle oil fields: NAPE flays FG’s policy somersault

The highest body of geologists in Nigeria, Nigeria Association of Petroleum Explorationists (NAPE), has expressed dismay over the Federal Government’s policy somersault on high number of idle oil fields in the country. President of NAPE, Abiodun Adesanya, disclosed at the just concluded conference in Houston, Texas, United States of America. He said that the governments action or inaction on the fields have become a source worry for the association. Stating that the number of idle field does not, in itself, worry the group, Adesanya maintained, “what worries us is what…

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Position on project 100 ready in 90 days, says Kachikwu

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, in this interview, speaks on Malabu scandal, NLNG Act amendment, greenfield refineries licenses and other critical issues in Nigeria’s oil industry, with Adeola Yusuf in Houston, Texas. Excerpts: What is the fate of Nigeria’s Zabazaba field based on the on-going legal fireworks on the Malabu scandal? The Malabu issues continues to be source of worry and it happened before this administration. It is also in court. For those who do not know, it has to do with allegations of one billion…

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Workplace accidents: BEDC harps on data collection

Data collection on workrelated accidents and diseases is very important for analyzing and preventing accidents and occupational diseases at the workplace, Benin Electricity Distribution Plc (BEDC) has said. BEDC Safety Manager, Gilbert Nweke, said this at the World Safety Day 2017, held at Oba Akenzua Hall, University of Benin Teaching Hospital (UBTH),Benin. He however, said that to realize this objective, there is need to upgrade recording and notification systems of Occupational Safety and Health (OSH) data collection and analysis at national level. “Maintaining data integrity is very crucial for setting…

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TCN tops Lagos Ajah sub-station capacity by 60MVA

The Transmission Company of Nigeria (TCN) has added 60 Mega Voltage Ambiance (MVA) to the Ajah substation in Lagos State. The company, which stated this in a statement, added that the capacity of the sub-station had now been increased to 220MVA. The statement signed by the TCN’s spokesperson, Seun Olagunju, showed that work was ongoing to revive another 60MVA transformer in the substation. The transformer was relocated from Alagbon substation after TCN said there was excess energy wheeling capacity at the station on completion of repair works recently, the statement…

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