Category: Energy

Nigeria To Reduce Cost Of Crude Oil Production
March 11, 2020 No Responses

Nigeria To Reduce Cost Of Crude Oil Production

The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to strategically put in place measures that would alleviate the cost of crude oil production in Nigeria to create market for Nigeria’s crude and make Nigeria a choice destination for...
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DPR Seals Seven Cooking Gas Plants
March 3, 2020 No Responses

DPR Seals Seven Cooking Gas Plants

The Department of Petroleum Resources (DPR) on Tuesday intensified efforts to curtail incidence of gas explosion in Lagos State with the closure of seven Liquefied Petroleum Gas (LPG) plants.The oil and gas industry regulator said the affected LPG (cooking gas...
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Ikeja Electric Appoints Folake Soetan CEO
February 29, 2020 No Responses

Ikeja Electric Appoints Folake Soetan CEO

 Ikeja Electric Plc has announced the appointment of Mrs Folake Soetan as its Acting Chief Executive Officer. The electricity distribution company made the announcement in a statement signed by its Head of Corporate Communications, Mr Felix Ofulue.  ...
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Nigeria Loses $750m To Oil Theft In 2019
February 19, 2020 No Responses

Nigeria Loses $750m To Oil Theft In 2019

Nigeria lost about 750 million dollars to oil theft in 2019, the Nigerian National Petroleum Corporation (NNPC), said on Tuesday .The NNPC Group Managing Director, Malam Mele Kyari, disclosed this in a statement signed by the Acting spokesman for the...
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NNPC, Shell, Total, Others Disburse $360m For Ogoni Clean-Up
February 17, 2020 No Responses

NNPC, Shell, Total, Others Disburse $360m For Ogoni Clean-Up

The Nigerian National Petroleum Corporation (NNPC) and its Joint Venture Partners of Shell Petroleum Development Company (SPDC), Total Exploration and Production of Nigeria (TEPNG) and Nigerian Agip Oil Company (NAOC), have disbursed $360million towards the Og...
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Ikeja Electric Targets N170b Revenue In 2020
February 16, 2020 No Responses

Ikeja Electric Targets N170b Revenue In 2020

Ikeja Electric (IE) has projected total revenue of N170 billion in 2020 with the implementation of the increment in various classes of electricity tariff. The company is to create a new tariff class called Bilateral for customers and had signed...
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NNPC Recruits 1,050 Graduate Trainees
February 14, 2020 No Responses

NNPC Recruits 1,050 Graduate Trainees

The Nigerian National Petroleum Corporation (NNPC) has announced the recruitment of 1,050 Graduate Trainees, signaling the successful completion of its 2019/2020 employment exercise.A statement from the corporation’s Acting Group General Manager, Group Publi...
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Nigeria Discovers Crude Oil In Northeast
February 13, 2020 No Responses

Nigeria Discovers Crude Oil In Northeast

The Minister of State for Petroleum Resources, Chief Timipre Slyva, said that about one billion Barrels of Crude oil have been discovered in Northeastern part of Nigeria. Sylva made the disclosure at a news Conference to end the 2020 Nigeria...
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NLNG Seals Sales, Purchase Agreement With Galp
February 12, 2020 No Responses

NLNG Seals Sales, Purchase Agreement With Galp

Nigeria LNG Limited (NLNG) and Galp Trading S.A have signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.According to NLNG, the agreement is for the supply of 1mtpa...
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NLNG Train 7: Nigerians To Handle 55% Of Procurement
February 11, 2020 No Responses

NLNG Train 7: Nigerians To Handle 55% Of Procurement

Nigerian vendors are to handle 55 per cent of all procurement for the execution of Train 7 project, the Managing Director, Nigerian Liquefied Natural Gas (NLNG), Mr Tony Attah, has said.  Speaking at the ongoing 3rd Nigeria International Petroleum Summit....
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NNPC Records 16% Increase In Gas Supply To Gas-Powered Plants
February 10, 2020 No Responses

NNPC Records 16% Increase In Gas Supply To Gas-Powered Plants

The daily average natural gas supply to gas-powered plants in November 2019 increased by 16.53 per cent to 645 mmscfd, the Nigerian National Petroleum Corporation (NNPC) has said The Corporation disclosed this in its Monthly Financial and Operations Reports (M...
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New LNG Transshipment Terminal Gets Approval
February 9, 2020 No Responses

New LNG Transshipment Terminal Gets Approval

Russia’s federal autonomous institution, Glavgosexpertiza has reviewed and approved the design documentation and engineering survey results for the construction of an LNG transshipment terminal in the Kamchatka Territory. In October 2017, the Kamchatka gover...
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DPR Gives Marketers Two Months Ultimatum To Weed Out Illegal LPG Retailers
February 6, 2020 No Responses

DPR Gives Marketers Two Months Ultimatum To Weed Out Illegal LPG Retailers

The Department of Petroleum Resources (DPR) has given marketers two months to weed out illegal retailers of Liquefied Petroleum Gas (LPG) also known as cooking gas.Abubakar Buba, Abuja Zonal Operations Controller, disclosed this at the DPR 2019 Annual Stakehol...
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China’s Oil Demand Drops
February 5, 2020 No Responses

China’s Oil Demand Drops

The rippling effect of the spread of the coronavirus is being felt across the shipping markets, the tanker and cruise sectors being at the front line.The impact of the virus outbreak is already being felt on oil markets as China,...
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