Category: Energy

Ikeja Electric Begins Implementation Of New Tariff July 1
June 26, 2020 No Responses

Ikeja Electric Begins Implementation Of New Tariff July 1

Ikeja Electric Plc (IE) is to  begin implementation of its revised electricity tariff from July 1, 2020. A statement issued on Friday by Head of Corporate Communications, Mr Felix Ofulue explained that the new tariffs, which are service reflective, are end-user...
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Sabrud Consortium Seeks Special Forex Regime For Meter Manufacturers
June 25, 2020 No Responses

Sabrud Consortium Seeks Special Forex Regime For Meter Manufacturers

Sabrud Consortium, an indigenous electricity prepaid metre manufacturing firm, has urged the Federal Government to grant special forex regime to the sector. It also applauded the upward review of metre prices by Nigerian Electricity Regulatory Commission (NERC...
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Total Receives New LNG Carrier
June 23, 2020 No Responses

Total Receives New LNG Carrier

Greece-based shipping company, TMS Cardiff Gas has taken delivery of a new LNG tanker built by South Korea’s shipbuilder Samsung Heavy Industries.  The newest addition to the shipping company’s fleet is the 174,000-cbm Qogir.  Qogir was subsequen...
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COVID-19: NLNG Donates $300,000 Medical Equipment To Lagos State
June 18, 2020 No Responses

COVID-19: NLNG Donates $300,000 Medical Equipment To Lagos State

Nigeria LNG Limited (NLNG) on Thursday donated medical equipment to the Lagos State Government as part of its contribution to the $30 million Oil and Gas Industry Collaborative Initiative, spearheaded by Nigerian National Petroleum Corporation (NNPC) to fight ...
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NNPC’s Reserve To Hit 40b Barrels By 2023, Says Kyari
June 17, 2020 No Responses

NNPC’s Reserve To Hit 40b Barrels By 2023, Says Kyari

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said its target is to grow the nation’s reserve to 40 billion barrels by the year 2023. Malam Mele Kyari, Group Managing Director, NNPC, disclosed this during the unveiling of 2D seismic...
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Expert To FG: List NNPC On Stock Exchange
June 16, 2020 No Responses

Expert To FG: List NNPC On Stock Exchange

The federal government has been urged to prioritise the listing of the Nigerian National Petroleum Corporation (NNPC) on the Nigerian Stock Exchange (NSE) as part of its Economic Sustainability Plan. Uche Uwaleke, Professor of Capital Market at the Nasarawa St...
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Tony Attah, MD/CEO, Nigeria LNG Limited’s Speech During A Visit To Governor Nyesom Wike
June 9, 2020 No Responses

Tony Attah, MD/CEO, Nigeria LNG Limited’s Speech During A Visit To Governor Nyesom Wike

I must start by offering the good wishes of the Nigeria LNG family and our sincere appreciation for the tremendous efforts of the Government of Rivers State, under your astute leadership, in fighting the onslaught of the Coronavirus pandemic in...
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BP To Cut 10,000 Jobs As Coronavirus Hits Demand For Oil
June 9, 2020 No Responses

BP To Cut 10,000 Jobs As Coronavirus Hits Demand For Oil

BP has announced plans to cut 10,000 jobs following a global slump in demand for oil because of the coronavirus crisis. The oil giant had paused redundancies during the peak of the pandemic but told staff on Monday that around...
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Eni In Major overhaul, Shifts Toward Renewable Energy
June 8, 2020 No Responses

Eni In Major overhaul, Shifts Toward Renewable Energy

Italian energy giant Eni has announced a major overhaul of its business as it steps up efforts toward energy transition. The company will create two business units with one focused on oil and gas called “Natural Resources” and the second...
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PPPRA Removes Price Cap On Petrol
June 5, 2020 No Responses

PPPRA Removes Price Cap On Petrol

The Petroleum Products Pricing Regulatory Agency (PPPRA) has removed the cap on the price of Premium Motor Spirit (PMS) also known as petrol. The agency made the disclosure in a document it released in Abuja on Thursday entitled, ‘’Market Based...
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NNPC To Deepen Business Portfolios In Power, Medical
June 5, 2020 No Responses

NNPC To Deepen Business Portfolios In Power, Medical

The Nigerian National Petroleum Corporation (NNPC) is firming up business portfolios in the power, medical, housing and other sectors that would strengthen the profitability of the state owned oil company. The corporation said in a statement on Thursday that t...
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Nigerian Content Board intervenes in NLNG, Macobarb N970m Rift
June 3, 2020 No Responses

Nigerian Content Board intervenes in NLNG, Macobarb N970m Rift

The Nigerian Content Development and Monitoring Board (NCDMB), has waded into the N970 million dispute between the Nigeria Liquefied Natural Gas (NLNG), and a Nigerian company, Macobarb International.News Agency of Nigeria (NAN) gathered that the N970 million ...
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DPR Hands Over Nine Vessels To Navy, EFCC
June 3, 2020 No Responses

DPR Hands Over Nine Vessels To Navy, EFCC

The Department of Petroleum Resources (DPR) said nine vessels allegedly involved in oil theft had been handed over to the Nigerian Navy and the Economic and Financial Crimes Commission (EFCC). The News Agency of Nigeria (NAN) reports that Mr Sarki...
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PPPRA Reduces PMS Pump Price To N121.50 Per Litre
June 1, 2020 No Responses

PPPRA Reduces PMS Pump Price To N121.50 Per Litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol to N121.50 per litre from N123.50. The agency disclosed this in a letter to marketers with reference number A.4/9/017/C.2/V/...
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