Wednesday, July 9, 2025

ENERGY

ENERGYTOP STORY

Nigerian may emerge OPEC Secretary-General

  Everything being equal, Nigerian oil technocrat, Mohammed Barkindo, may take the top job at the Organisation of Petroleum Exporting Countries (OPEC) as its Secretary-General when the group meets on Thursday. He is seen by many of the members of the organisation as a compromise candidate to lead the group...
ENERGYTOP STORY

Zenith Bank, AFD sign $100m power sector credit facility

Zenith Bank Plc and French Development Agency (Agence Francaise de Development (AFD), operator of France’s bilateral development finance mechanism, have signed a $100 million power sector credit facility. The on-lending term loan being made available to Zenith Bank is to support new investments in the capital expenditure of Distribution Companies...
ENERGY

Oando commences development of Ajaokuta LNG Project

By our Correspondent Oando Gas & Power Limited has commenced the development of a mini Liquefied Natural Gas (LNG) facility through its Transit Gas Nigeria Limited (TGNL) subsidiary in Ajaokuta, Kogi State. The 20 mmscf/day plant is to fulfil the gas supply requirement for captive power plants, embedded generation, and...
ENERGYTOP STORY

NNPC records N18.9bn loss in March

The Nigerian National Petroleum Corporation (NNPC) said it recorded a loss of N18.89 billion in the month of March, 2016, even as it pointed out that the loss was an improvement on a deficit of N24.23 billion recorded in February. The agency which made the disclosure in its monthly financial...
ENERGYTOP STORY

OPEC oil output rises

The Organization of Petroleum Exporting Countries (OPEC) increased production by 484,000 barrels to 33.217 million daily in April. This is the highest since 1989 going by the data on survey of oil companies, producers and compiled by Bloomberg going. OPEC crude production surged in April, led by Iran, which is...
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