Rosatom has unveiled a new Russian-made inverter prototype for solar power plants, marking a significant step in the country’s clean energy and technology development efforts.The inverter was developed by Parus Electro LLC, a subsidiary within Rosatom’s Automatic Process Control Systems and Electrical Engineering Division. It is designed to convert direct current generated by solar panels...
Day: January 20, 2026
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DR. WISDOM ENANG CAUTIONS THAT VENEZUELA’S CRISIS COULD SIGNIFICANTLY UNDERMINE NIGERIA’S ₦58 TRILLION 2026 BUDGET
An Adjunct Professor of the North Dakota University, USA, and a globally respected oil and gas consultant, Engr. (Dr.) Wisdom Patrick Enang, has warned that unfolding geopolitical developments in Venezuela could materially undermine Nigeria’s ₦58.18 trillion 2026 Federal Government budget by exerting sustained downward pressure on global crude oil prices. Dr. Enang made this known...
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Nigeria’s oil output drops 8.3% to 1.544m bpd
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, says Nigeria’s oil output, including condensate, dropped significantly by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 from 1.684 million recorded in the corresponding period of 2024. The Commission did not provide reasons in its report released yesterday, but...
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Energy Minister Engages TOR Management on 2025 Performance, 2026 Priorities
The Minister for Energy and Green Transition, John Jinapor, has held a strategic engagement with the management of the Tema Oil Refinery (TOR) to review the refinery’s performance in 2025 and outline key priorities for 2026 and beyond. The meeting served as a platform to assess progress made over the past year and to align...
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IES defends NPA fuel price floor amid calls for cheaper petrol
The Institute for Energy Security (IES) has rejected claims that the National Petroleum Authority’s (NPA) fuel price floor is preventing oil marketing companies from reducing pump prices, insisting the policy remains critical to fair competition and market stability. The response follows public comments by StarOil Ghana, which suggested petrol could be sold at GH¢9.50 per...
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COMAC to Hold Emergency Meeting on Fuel Price Floor as Internal Divisions Deepen
The Chamber of Oil Marketing Companies (COMAC) will convene an emergency meeting on Wednesday, January 21, 2026, to adopt a unified position on the Petroleum Price Floor Programme, amid growinginternal disagreements over the policy. The meeting follows concerns from sections of the Chamber, with some members backing the price floor while others are pushing for...