Energy

Iran’s smog, blackouts made worse by power-sapping crypto mining

Outages have been compounded by cryptocurrency mining, which uses banks of high-powered computers. Cities across Iran have been cloaked in thick layers of toxic smog and darkened by blackouts, as the alleged use of low-quality fuel and power-sucking cryptocurrency mining deepen the country’s hardships. Tehran’s Hamshahri newspaper, the country’s most-read daily, ran the headline, “20 Days Living in Smoke,” on Wednesday over a photo of the capital covered in smog. Power plants have been forced to switch to burning low-grade fuel oils to generate electricity because high levels of domestic consumption have led to natural-gas shortages, the semi-official Iranian Students’ News Agency reported. Oil Minister Bijan Namdar Zanganeh denied earlier this week that any of Iran’s power stations are us...

PHED: Why blackout persists in Rivers communities

File Photo The Port Harcourt Electricity Distribution Company said five power towers were damaged by suspected vandals at the Elelenwo transmission substation in Obio/Apkor Local Government Area, plunging several communities in Rivers State into darkness. Acting Head, Corporate Communications, PHED, Ngozi Koroye, who disclosed this to newsmen in Port Harcourt, said the installation belongs to the Transmission Company of Nigeria. Koroye explained that the action of the hoodlums caused extensive damage to the facility, noting that the company felt the pains of residents in the affected areas who have been in darkness for over one month. “The outage though regrettable is as a result of extensive damage caused by the activities of electricity vandals to towers 51, 52, 53, 54, and 55. Five towe...

NNPC seeks $1 billion funding to revive PHC refinery

The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State. To realise its plans, the nation’s oil company is already in high-level discussion to raise the money via a prepayment deal with trading firms. If the financing is successful, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It would also mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding investors as fuel demand is sapped by lockdowns and renewable energy is gaining ground over fossil fuels. The money would be repaid over seven years through deliveries of Nigerian crude and products from the refinery once the refurbis...

Marcus Rashford tames Wolves to send Manchester United into second

Marcus Rashford’s deflected strike deep into stoppage time moved Manchester United to within two points of Liverpool at the top of the Premier League with a 1-0 win over Wolves on Tuesday. United laboured for long spells against a youthful Wolves side, but got a huge slice of fortune in the 93rd minute when Rashford’s shot hit Romain Saiss to leave Rui Patricio helpless. Victory takes Ole Gunnar Solskjaer’s men up to second and continues an excellent run of 23 points from the last possible 27 to mount an unlikely title challenge after a slow start to the season. Despite enjoying one more day’s rest amid the packed festive schedule than their opponents, Solskjaer made six changes from the side that drew 2-2 at Leicester on Boxing Day. Edinson Cavani made just his second Premier League start...

Why we shutdown Total E&P gas plant – Rivers community

Obite indigenes in Ogba/Egbema/Ndoni Local Government Area of Rivers State have an advanced reason for shutting down a gas plant operated by Total Exploration and Producing Nigeria Limited in their domain citing alleged insensitivity of the oil multinational to their plight. The aggrieved natives, drawn from the five villages of Obite community also lamented the alleged refusal of the oil firm to honour a Supreme Court judgement that compensation is paid to the community for the land acquired in the area for its operations. Mr Daniel Clifford Uma, one of the natives, who spoke during the community protest march to the oil firm said, “What you are seeing here today is as a result of total negligence from Total E and P. This thing started 22 years ago. Some of the people that started this ma...

ExxonMobil staff killed, others wounded in gas flaring accident

File Photo Fire explosion from a gas flaring operation at the Qua Iboe Terminal (QIT) process area at ExxonMobil facility in Ibeno local government area, Akwa Ibom State has allegedly killed some staff of the company and left others wounded. It was gathered that the incident happened on Sunday, December 13, 2020, when the victims were about to light up the gas flaring plant. Sources who preferred to remain unnamed said one of the victims who was killed was a supervisor working at the facility’s processing area, while another supervisor injured by the explosion had been rushed to an undisclosed hospital in the state. He said it was possible that the victims who were to turn on the plant shut for maintenance purposes, flouted all safety procedures that would have averted the explosion. “Two ...

AKK gas pipeline at 15 percent completion – NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says the construction of Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project is currently at 15 per cent completion. Kyari disclosed this at the inspection of the second leg of the project at Karogo community in Igabi Local Government Area, Kaduna State, on Tuesday. “The project is currently at about 15 per cent completion but what is important for us to know is that we are crossing the river Niger, what we call the Ndoni-Aboh river crossing in Rivers and Delta states that will deliver gas from the eastern part to the country into the western corridor. “That means expanding gas supply into the help line and also making gas ready. We are happy that this project is going on and we will deliver it...

Why coronavirus will not be last pandemic – UN report

United Nations The Coronavirus (COVID-19) pandemic, the latest crisis facing the world, will not be the last until humans release their grip on nature, says a new UN report published on Tuesday. According to the report titled “The Next Frontier: Human Development and the Anthropocene,” world leaders need to take bold steps to reduce the immense pressure that is being exerted on the environment and the natural world, or humanity’s progress will stall. “Humans wield more power over the planet than ever before. Redefining issues of our time “In the wake of COVID-19, record-breaking temperatures and spiraling inequality, it is time to use that power to redefine what we mean by progress, where our carbon and consumption footprints are no longer hidden,” said Achim Steiner, the Administrator of ...

DPR shuts down seven filling stations in Rivers

File Photo The Department of Petroleum Resources (DPR) says it has closed seven Liquefied Petroleum Gas (LPG) retail outlets in Rivers for operating without valid licences. Bassey Nkanga, Zonal Operations Controller of the agency, made the disclosure during a meeting with Petroleum Products Marketers Association and Petrol Tankers Drivers Union (PTD) on Friday in Port Harcourt. Mr. Nkanga said the enforcement of safety requirements/sanction against violators became necessary to support effective regulation in the downstream sector. “We are in a very peculiar season, the harmattan season when fire incidents usually occur at filling stations. This challenge had, in most cases, occurred as a result of avoidable mistakes, hence, the need to step up safety consciousness amongst stakeholders in ...

President Buhari: Improved Nigeria-South Africa relations will quicken African development

President Muhammadu Buhari yesterday expressed optimism that improvement in relations between Nigeria and South Africa would speed up the process of development on the African continent. Speaking in concurrence with the Chairman of the African National Congress (ANC) and South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe, who came to the State House, Abuja on Friday as Special Envoy of his country, President Buhari cited his last trip to South Africa during which he and President Cyril Ramaphosa worked together in resolving the migrants’ crisis between two brotherly nations. The President in a statement issued by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu said, “There was this ‘small problem’ between our countries. I went there and we resol...

Nigeria most expensive for upstream projects – NNPC chief

The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects. Upstream is refers to points in production that originate early on in the processes of crude oil production. Its activities include exploration, drilling, and extraction. Kyari made this known at the Nigerian Content Tower in Yenagoa, Bayelsa State during a review meeting with the Permanent Secretary, directors and chief executives of agencies in the Petroleum ministry. According to him, “Nigeria is one of the most expensive territories in the world for upstream projection and part of the corporation’s mandate is to reduce cost by at least five percent. “We have reduced costs substantiall...

Senator Omo-Agege: Why National Assembly cannot produce new constitution for Nigeria

Deputy President of Senate Ovie Omo-Agege has declared that the National Assembly has no power to replace the current constitution with new one. Omo-Agege’s Special Adviser on Media and Publicity, Mr Yomi Odunuga, in a statement on Wednesday said the deputy senate president made the remark when he hosted members of the Alliance of Nigerian Patriots led by Amb. Umunna Orjiako. Omo-Agege, who is Chairman, Senate Ad hoc Committee on Constitution Review, said the National Assembly had no powers to replace the current constitution, but could only amend it. He cited advanced democracies, such as the U.S., where Nigeria’s presidential system of government was modelled after and sections 8 and 9 of the 1999 Constitution as amended to buttress his argument. The lawmaker said what was only obtainabl...

  • 1
  • 2
  • 6