Category: Energy

Lockdown: DPR Warns Against Hoarding
March 31, 2020 No Responses

Lockdown: DPR Warns Against Hoarding

The Department of Petroleum Resources (DPR) on Tuesday urged oil marketers to ensure distribution of petroleum products even with the stay at home order meant to check Coronavirus spread in the country.The DPR Abuja Zonal Director, Mr Buba Abubakar, gave...
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Oil Price Drops To Lowest Level In 18 years
March 31, 2020 No Responses

Oil Price Drops To Lowest Level In 18 years

The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 (£18.19) a barrel at one point on Monday, its lowest level since November 2002....
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NNPC Assures Nigerians Of Steady Fuel Supply
March 29, 2020 No Responses

NNPC Assures Nigerians Of Steady Fuel Supply

The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of adequate fuel supply following implementation of sit-at-home order in some states to contain the spread of the COVID-19. Mr Mele Kyari,  Group Managing Director,  NNPC, who g...
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NNPC To Professionals: Find Solutions To Oil Industry Challenges
March 18, 2020 No Responses

NNPC To Professionals: Find Solutions To Oil Industry Challenges

The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to come up with solutions to tackle current challenges facing the industry.The Group Managing Director of NNPC, Mallam Mele Kyari, gave the charge ...
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Nigeria Reviews Oil And Gas Free Zones Authority Act
March 18, 2020 No Responses

Nigeria Reviews Oil And Gas Free Zones Authority Act

The Nigerian Government on Tuesday in Abuja commenced review of the Act establishing Oil and Gas Free Zones Authority (OGFZA). According to the Government, the review is to remove ambiguities and enhance effectiveness in the sector. The Minister of Industry,.....
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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 ...
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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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