Oil & Energy
PHCN To Undergo Restructuring In 2013 – Minister
The Minister of State for Power, Hajiya Zainabo Ibrahim, has said the ministry will undergo some restructuring in the New Year in order to streamline and enhance operational effectiveness.
The Minister also said that the power sector is expected to be more private sector-driven in the coming year, as the country hopes to witness the commissioning of more Independent Power Projects, IPPs.
Hajiya Ibrahim who disclosed this at the 4th quarter 2012 Power Summit held in Lagos said the ministry would continue to seek the cooperation of development partners both at the local and international level to ensure sustainability of power supply along the electricity value chain.
She explained that this would enable the sector to deal with new and inevitable challenges in a manner that will make the Ministry better focused and in a defined direction.
In a keynote address, she reiterated that the Ministry had signed the Zungeru power project that will generate additional 700MW on completion and had settled the long outstanding labour issues.
In her words: We have just within the week, been able to sign the critical Zungeru power project which will generate additional 700MW on completion. We have also just recently be able to resolve the long outstanding labour issues.
“They are major milestones in Mr. President’s concerted effort to provide power to Nigerian Consumers. We continue to aim at progressively increasing our generation capacities.
“We will also try to bring the tolerable level, issues of energy losses, system collapses and effectively manage our distribution network”.
She commended the Presidential Task Force on Power, PTFP, and other institutions set up as a result of reforming the sector for facilitating the implementation of Road Map on Power.
To attain a common goal of making electricity available to Nigerian consumers on a sustainable basis, Ibrahim reiterated that it was important for stakeholders in the industry to work as a team in the various capacities.
The 4th quarter Power Summit was tagged “Strategies Toward Consolidating Sustainable Power Supply in the Privatised Industry”.
Oil & Energy
Reps C’mitee Moves To Resolve Dangote, NUPENG Dispute

Oil & Energy
Increased Oil and Gas: Stakeholders Urge Expansion Of PINL Scope

Oil & Energy
Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
-
Oil & Energy1 day ago
Increased Oil and Gas: Stakeholders Urge Expansion Of PINL Scope
-
News1 day ago
FG denies claims of systematic genocide against Christians
-
News1 day ago
UN Honours Ogbakor Ikwerre President General
-
Niger Delta1 day ago
Otu Reiterates Commitment To Restor State’s Civil Service
-
News1 day ago
Stakeholders Tasks Fubara on recognition of Nwoga As Nzeobi of Egbema kingdom ….laud Tinubu for lifting Emergency in the state
-
Sports1 day ago
Palace End Liverpool’s Invincibility
-
Oil & Energy1 day ago
Reps C’mitee Moves To Resolve Dangote, NUPENG Dispute
-
News1 day ago
China sentences former Agric minister to death