Energy Archives - Nairametrics https://nairametrics.com/category/industries/energy/ Destination for Business news and analysis from Africa's largest economy Wed, 09 Jul 2025 20:01:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Energy Archives - Nairametrics https://nairametrics.com/category/industries/energy/ 32 32 201037849 Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC https://nairametrics.com/2025/07/09/nigerias-oil-rig-count-rises-to-46-in-july-2025-nuprc/ https://nairametrics.com/2025/07/09/nigerias-oil-rig-count-rises-to-46-in-july-2025-nuprc/#respond Wed, 09 Jul 2025 20:01:57 +0000 https://nairametrics.com/?p=518827 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant rise in the nation’s oil rig count, increasing from eight in 2021 to 46 as of July 2025. 

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]]> https://nairametrics.com/2025/07/09/nigerias-oil-rig-count-rises-to-46-in-july-2025-nuprc/feed/ 0 518827 Senate passes 2025 Electricity Act Amendment Bill for second reading to address sector collapse  https://nairametrics.com/2025/07/09/senate-passes-2025-electricity-act-amendment-bill-for-second-reading-to-address-sector-collapse/ https://nairametrics.com/2025/07/09/senate-passes-2025-electricity-act-amendment-bill-for-second-reading-to-address-sector-collapse/#respond Wed, 09 Jul 2025 15:39:18 +0000 https://nairametrics.com/?p=518799 The Senate has passed the Electricity Act (Amendment) Bill, 2025 through second reading, as part of efforts to rescue Nigeria’s struggling power sector from imminent collapse. 

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]]> https://nairametrics.com/2025/07/09/senate-passes-2025-electricity-act-amendment-bill-for-second-reading-to-address-sector-collapse/feed/ 0 518799 Dangote Refinery cuts petrol ex-depot price to N820 per litre in fresh adjustment  https://nairametrics.com/2025/07/08/dangote-refinery-cuts-petrol-ex-depot-price-to-n820-per-litre-in-fresh-adjustment/ https://nairametrics.com/2025/07/08/dangote-refinery-cuts-petrol-ex-depot-price-to-n820-per-litre-in-fresh-adjustment/#respond Tue, 08 Jul 2025 22:11:09 +0000 https://nairametrics.com/?p=518763 Dangote Petroleum Refinery has announced a further reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 to N820 per litre.

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]]> https://nairametrics.com/2025/07/08/dangote-refinery-cuts-petrol-ex-depot-price-to-n820-per-litre-in-fresh-adjustment/feed/ 0 518763 Dangote Refinery set to process 100% local crude by end of 2025 – Report   https://nairametrics.com/2025/07/08/dangote-refinery-set-to-process-100-local-crude-by-end-of-2025-report/ https://nairametrics.com/2025/07/08/dangote-refinery-set-to-process-100-local-crude-by-end-of-2025-report/#respond Tue, 08 Jul 2025 14:28:28 +0000 https://nairametrics.com/?p=518719 Dangote Industries Ltd. expects its 650,000-barrel-per-day refinery—the largest in Africa—to rely entirely on Nigerian crude oil by the end of 2025, potentially displacing hundreds of thousands of barrels of imported crude daily. 

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]]> https://nairametrics.com/2025/07/08/dangote-refinery-set-to-process-100-local-crude-by-end-of-2025-report/feed/ 0 518719 Nigeria records 10.92% increase in electricity generation in Q1 2025   https://nairametrics.com/2025/07/04/nigeria-records-10-92-increase-in-electricity-generation-in-q1-2025/ https://nairametrics.com/2025/07/04/nigeria-records-10-92-increase-in-electricity-generation-in-q1-2025/#respond Fri, 04 Jul 2025 12:59:36 +0000 https://nairametrics.com/?p=518471 Nigeria’s electricity generation rose by 10.92% in the first quarter of 2025, driven by improved operational capacity and availability of thermal and hydropower plants supplying electricity to the grid. 

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]]> https://nairametrics.com/2025/07/04/nigeria-records-10-92-increase-in-electricity-generation-in-q1-2025/feed/ 0 518471 DisCos overall billing efficiency falls to 81% in Q1 2025 – NERC  https://nairametrics.com/2025/07/04/discos-overall-billing-efficiency-falls-to-81-in-q1-2025-nerc/ https://nairametrics.com/2025/07/04/discos-overall-billing-efficiency-falls-to-81-in-q1-2025-nerc/#respond Fri, 04 Jul 2025 09:38:17 +0000 https://nairametrics.com/?p=518450 The billing efficiency of electricity distribution companies (DisCos) dropped to 81.18% in the first quarter of 2025. This is a decline from the 83.53% recorded in the previous quarter. This is according to the latest report from the Nigerian Electricity Regulatory Commission (NERC) for Q1 2025. According to the NERC, “Although the total energy received […]

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]]> https://nairametrics.com/2025/07/04/discos-overall-billing-efficiency-falls-to-81-in-q1-2025-nerc/feed/ 0 518450 Nigeria to end gas flaring by 2030 through gas-centric strategy – NUPRC   https://nairametrics.com/2025/07/03/nigeria-to-end-gas-flaring-by-2030-through-gas-centric-strategy-nuprc/ https://nairametrics.com/2025/07/03/nigeria-to-end-gas-flaring-by-2030-through-gas-centric-strategy-nuprc/#respond Thu, 03 Jul 2025 08:07:48 +0000 https://nairametrics.com/?p=518394 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to ending routine gas flaring by 2030 and reducing methane emissions by 60% by 2031 through a gas-centric transition strategy. 

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]]> https://nairametrics.com/2025/07/03/nigeria-to-end-gas-flaring-by-2030-through-gas-centric-strategy-nuprc/feed/ 0 518394 NBS: Price of 5kg cooking gas rises by 3.57% m-o-m to N8,167 in May 2025  https://nairametrics.com/2025/07/03/nbs-price-of-5kg-cooking-gas-rises-by-3-57-m-o-m-to-n8167-in-may-2025/ https://nairametrics.com/2025/07/03/nbs-price-of-5kg-cooking-gas-rises-by-3-57-m-o-m-to-n8167-in-may-2025/#respond Thu, 03 Jul 2025 07:10:22 +0000 https://nairametrics.com/?p=518388 The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) rose by 3.57% month-on-month, from N7,885.60 in April 2025 to N8,167.43 in May 2025. 

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]]> https://nairametrics.com/2025/07/03/nbs-price-of-5kg-cooking-gas-rises-by-3-57-m-o-m-to-n8167-in-may-2025/feed/ 0 518388 Lagos launches clean cookstove initiative with N10,000 monthly stipend  https://nairametrics.com/2025/07/02/lagos-launches-clean-cookstove-initiative-with-n10000-monthly-stipend/ https://nairametrics.com/2025/07/02/lagos-launches-clean-cookstove-initiative-with-n10000-monthly-stipend/#respond Wed, 02 Jul 2025 17:07:25 +0000 https://nairametrics.com/?p=518362 Lagos State has launched its clean cookstove project, pledging beneficiaries a monthly stipend of N10,000 for 15 years to enhance energy access and mitigate environmental impact. 

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]]> https://nairametrics.com/2025/07/02/lagos-launches-clean-cookstove-initiative-with-n10000-monthly-stipend/feed/ 0 518362 Renaissance Africa Energy unveils plans to tackle energy deficit across Africa  https://nairametrics.com/2025/07/02/renaissance-africa-energy-unveils-plans-to-tackle-energy-deficit-across-africa/ https://nairametrics.com/2025/07/02/renaissance-africa-energy-unveils-plans-to-tackle-energy-deficit-across-africa/#respond Wed, 02 Jul 2025 13:26:41 +0000 https://nairametrics.com/?p=518335 Renaissance Africa Energy Company Limited has announced bold steps to address electricity and clean energy shortages in Nigeria and across Africa. 

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]]> https://nairametrics.com/2025/07/02/renaissance-africa-energy-unveils-plans-to-tackle-energy-deficit-across-africa/feed/ 0 518335 Diesel price in Nigeria surges 25% to N1,758 in May 2025 – NBS  https://nairametrics.com/2025/07/02/diesel-price-in-nigeria-surges-25-to-n1758-in-may-2025-nbs/ https://nairametrics.com/2025/07/02/diesel-price-in-nigeria-surges-25-to-n1758-in-may-2025-nbs/#comments Wed, 02 Jul 2025 10:28:48 +0000 https://nairametrics.com/?p=518322 The average retail price of Automotive Gas Oil (diesel) paid by consumers rose by 25.24% year-on-year, climbing from N1,403.96 per litre in May 2024 to N1,758.26 per litre in May 2025. 

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]]> https://nairametrics.com/2025/07/02/diesel-price-in-nigeria-surges-25-to-n1758-in-may-2025-nbs/feed/ 1 518322 OPEC warns of 23 million bpd oil shortfall globally by 2030 without $17.4 trillion investment https://nairametrics.com/2025/07/02/opec-warns-of-23-million-bpd-oil-shortfall-globally-by-2030-without-17-4-trillion-investment/ https://nairametrics.com/2025/07/02/opec-warns-of-23-million-bpd-oil-shortfall-globally-by-2030-without-17-4-trillion-investment/#respond Wed, 02 Jul 2025 05:09:14 +0000 https://nairametrics.com/?p=518300 The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) in global oil supply by 2030 if upstream investments fall short of the estimated $17.4 trillion needed to meet future demand. OPEC Secretary-General, Haitham Al Ghais, made this disclosure during the 24th Nigeria Oil and […]

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]]> https://nairametrics.com/2025/07/02/opec-warns-of-23-million-bpd-oil-shortfall-globally-by-2030-without-17-4-trillion-investment/feed/ 0 518300 NNPC completes River Niger crossing on AKK gas pipeline   https://nairametrics.com/2025/07/01/nnpc-completes-river-niger-crossing-on-akk-gas-pipeline/ https://nairametrics.com/2025/07/01/nnpc-completes-river-niger-crossing-on-akk-gas-pipeline/#respond Tue, 01 Jul 2025 14:43:25 +0000 https://nairametrics.com/?p=518268 The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful completion of the River Niger crossing on the critical Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project, marking a major milestone in Nigeria’s gas infrastructure development. 

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]]> https://nairametrics.com/2025/07/01/nnpc-completes-river-niger-crossing-on-akk-gas-pipeline/feed/ 0 518268 Nigeria’s gas production drops to 7.352mmscf/d in May 2025 – NNPCL  https://nairametrics.com/2025/07/01/nigerias-gas-production-drops-to-7-352mmscf-d-in-may-2025-nnpcl/ https://nairametrics.com/2025/07/01/nigerias-gas-production-drops-to-7-352mmscf-d-in-may-2025-nnpcl/#respond Tue, 01 Jul 2025 12:12:03 +0000 https://nairametrics.com/?p=518252 The Nigerian National Petroleum Company Limited has announced that Nigeria's gas production fell to 7.352 billion standard cubic feet per day in May 2025, down from 7.354 billion mmscfd the previous month.  

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]]> https://nairametrics.com/2025/07/01/nigerias-gas-production-drops-to-7-352mmscf-d-in-may-2025-nnpcl/feed/ 0 518252 Dangote reduces ex-depot petrol price to N840 per litre  https://nairametrics.com/2025/07/01/dangote-reduces-ex-depot-petrol-price-to-n840-per-litre/ https://nairametrics.com/2025/07/01/dangote-reduces-ex-depot-petrol-price-to-n840-per-litre/#respond Tue, 01 Jul 2025 11:45:19 +0000 https://nairametrics.com/?p=518251 Dangote Petroleum Refinery has reduced the ex-depot price per litre of petrol from N880 to N840. 

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]]> https://nairametrics.com/2025/07/01/dangote-reduces-ex-depot-petrol-price-to-n840-per-litre/feed/ 0 518251 Nigerian Oil falls below $70 a barrel amid faded supply disruption   https://nairametrics.com/2025/07/01/nigerian-oil-falls-below-70-a-barrel-amid-faded-supply-disruption/ https://nairametrics.com/2025/07/01/nigerian-oil-falls-below-70-a-barrel-amid-faded-supply-disruption/#respond Tue, 01 Jul 2025 08:45:19 +0000 https://nairametrics.com/?p=518239 Nigerian crude prices dipped to a three-week low on Tuesday, falling back to rates seen before the recent Israel-Iran fighting as fading supply fears and talk of an OPEC+ output increase weighed on the market.   

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]]> https://nairametrics.com/2025/07/01/nigerian-oil-falls-below-70-a-barrel-amid-faded-supply-disruption/feed/ 0 518239 Crude Oil price crashes below $67 as Iran avoids blocking Strait of Hormuz https://nairametrics.com/2025/06/30/crude-oil-price-crashes-below-67-as-iran-avoids-blocking-strait-of-hormuz/ https://nairametrics.com/2025/06/30/crude-oil-price-crashes-below-67-as-iran-avoids-blocking-strait-of-hormuz/#respond Mon, 30 Jun 2025 13:02:15 +0000 https://nairametrics.com/?p=518160 Global crude oil prices, as tracked by Brent futures, have fallen sharply below $67 per barrel, down from a monthly high of $77.08 on June 19, as concerns over a major supply disruption eased. 

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]]> https://nairametrics.com/2025/06/30/crude-oil-price-crashes-below-67-as-iran-avoids-blocking-strait-of-hormuz/feed/ 0 518160 Dangote’s petrol distribution to save Nigerians N1.7 trillion annually, to boost 42 million MSMEs https://nairametrics.com/2025/06/30/dangotes-petrol-distribution-to-save-nigerians-n1-7-trillion-annually-boost-42-million-msmes/ https://nairametrics.com/2025/06/30/dangotes-petrol-distribution-to-save-nigerians-n1-7-trillion-annually-boost-42-million-msmes/#respond Mon, 30 Jun 2025 04:50:03 +0000 https://nairametrics.com/?p=518129 Dangote Petroleum Refinery has revealed that its N720 billion investment in its landmark nationwide petroleum products distribution initiative will save Nigerians over N1.7 trillion annually. This disclosure is contained in a statement issued by the Dangote Group on Sunday, June 30, 2025, where it provided an update on the refinery’s investment in 4,000 Compressed Natural […]

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]]> https://nairametrics.com/2025/06/30/dangotes-petrol-distribution-to-save-nigerians-n1-7-trillion-annually-boost-42-million-msmes/feed/ 0 518129 Expert reveals “real reason” behind Dangote’s deployment of 4,000 CNG trucks  https://nairametrics.com/2025/06/28/expert-reveals-real-reason-behind-dangotes-deployment-of-4000-cng-trucks/ https://nairametrics.com/2025/06/28/expert-reveals-real-reason-behind-dangotes-deployment-of-4000-cng-trucks/#comments Sat, 28 Jun 2025 14:42:20 +0000 https://nairametrics.com/?p=518047 Aliko Dangote, Africa’s wealthiest businessman and President of Dangote Group, made headlines with the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks to distribute petroleum products across Nigeria.  

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]]> https://nairametrics.com/2025/06/28/expert-reveals-real-reason-behind-dangotes-deployment-of-4000-cng-trucks/feed/ 1 518047 AAM2025: Afreximbank’s support for Dangote Refinery hits over $4 billion — Benedict Oramah https://nairametrics.com/2025/06/28/aam2025-afreximbanks-support-for-dangote-refinery-hits-over-4-billion-benedict-oramah/ https://nairametrics.com/2025/06/28/aam2025-afreximbanks-support-for-dangote-refinery-hits-over-4-billion-benedict-oramah/#respond Sat, 28 Jun 2025 09:27:04 +0000 https://nairametrics.com/?p=518022 The outgoing President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has disclosed that the bank has so far supported the Dangote Refinery and Petrochemical Industry with “over $4 billion” in interventions. He made this disclosure during his closing speech on Friday at the Afreximbank 32nd Annual […]

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]]> https://nairametrics.com/2025/06/28/aam2025-afreximbanks-support-for-dangote-refinery-hits-over-4-billion-benedict-oramah/feed/ 0 518022