Category: Energy

NNPC Boss Lauds Lee Engineering Over Construction Of 150 Million Metric Storage
January 19, 2020 No Responses

NNPC Boss Lauds Lee Engineering Over Construction Of 150 Million Metric Storage

The Group Managing Director, Nigeria National Petroleum Corporation (NNPC) Mr. Mele Kyari has commended Lee Engineering and Construction Company for the execution of the Atlas Cove Depot Optimization Project for the NNPC.  The Atlas Cove Depot Optimization Project include the...
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DPR Tasks LPG Plant Operators On Safety
January 16, 2020 No Responses

DPR Tasks LPG Plant Operators On Safety

The Department of Petroleum Resources (DPR) has urged Liquefied Petroleum Gas (LPG) plant operators to take necessary measures to ensure safety of end users of cooking gas in Kaduna State. The DPR North West Zonal Operational Controller, Mr Isa Tafida,...
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EEDC Stops Collection Of Cash Above N3000
January 15, 2020 No Responses

EEDC Stops Collection Of Cash Above N3000

The Enugu Electricity Distribution Company (EEDC) is to stop receiving cash payments above N3,000 from electricity consumers as from February1, 2020.In a statement issued on Wednesday by Head of Communications, EEDC, Mr Emeka Ezeh, explained that customers mak...
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Oil Prices Jump After Iranian General Killed By US
January 4, 2020 No Responses

Oil Prices Jump After Iranian General Killed By US

Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production. The price of Brent crude jumped by more than 3%...
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NNPC Explains N13.23b Trade Surplus
January 3, 2020 No Responses

NNPC Explains N13.23b Trade Surplus

The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019. This represented an increase of 54 per cent compared to ₦8.59 billion surplus posted in September 2019. The Corporation disclosed this in its Mo...
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Train 7: NLNG Takes Final Investment Decision
December 28, 2019 No Responses

Train 7: NLNG Takes Final Investment Decision

Nigeria LNG Limited (NLNG) on Friday in Abuja took the Final Investment Decision (FID) for its Train 7 Project, which will increase its production by 35% and its competitiveness in the global LNG market.  A statement issued by General Manager,...
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DPR Seals 17 Filling Stations Over Sharp Practices
December 26, 2019 No Responses

DPR Seals 17 Filling Stations Over Sharp Practices

The Department of Petroleum Resources (DPR) in Gombe State on Wednesday sealed six filling stations for diversion of over 800,000 litres of petroleum product and operating with expired license. Alhaji Abdullahi Abawa, DPR Head of Operation, disclosed this shor...
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Shell, Firm Seal $307.3m LNG Deal
December 23, 2019 No Responses

Shell, Firm Seal $307.3m LNG Deal

Shipping Firm, Korea Line Corporation (KLC), part of Samra Midas Group, has signed a time charter contract for two LNG carriers with Shell Tankers (Singapore) Limited. The company in a Stock Exchange filing explained that the deal is worth KRW...
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Mandilas, NNPC Extend Quick-Service Centre To Ikoyi Petrol Station
December 21, 2019 No Responses

Mandilas, NNPC Extend Quick-Service Centre To Ikoyi Petrol Station

Mandilas Group in collaboration with Nigerian National Petrol Corporation (NNPC) Retail Limited has unveiled Quick-Service Centre at NNPC Ikoyi Petrol Station.  Located at 38, Alfred Rewane Road, Ikoyi, Lagos State, the Centre is equipped to handle quick ...
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Mandilas, NNPC Unveil Quick-Service Centre In Abuja
December 19, 2019 No Responses

Mandilas, NNPC Unveil Quick-Service Centre In Abuja

As the count-down begins to next year’s Mandilas’ 70th anniversary of doing business and providing services in Nigeria, the Group has reiterated its commitment to the economy and its teeming customers in all parts of the country. The management has...
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DPR Seals Four Gas Plants
December 18, 2019 No Responses

DPR Seals Four Gas Plants

The Department of Petroleum Resources (DPR) on Wednesday sealed off four Liquefied Petroleum Gas (LPG) plants, over non-compliance and illegal operations in Lagos.Officers of the Nigeria Security and Civil Defence Corps (NSCDC), which collaborated with the DPR...
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NNPC Declares N5.20b Trade Surplus
December 16, 2019 No Responses

NNPC Declares N5.20b Trade Surplus

The Nigerian National Petroleum Corporation (NNPC) said it made ₦5.20billion trading surplus for the month of August, reflecting an increase of 22 per cent compared with the ₦4.26 billion surplus posted in July. The corporation disclosed this in its Monthl...
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NLNG, JVs Seal Train 7 Gas Supply Agreements
December 14, 2019 No Responses

NLNG, JVs Seal Train 7 Gas Supply Agreements

A critical step towards the realization of the Train 7 Project of the Nigeria Liquefied Natural Gas (NLNG) was taken on Friday in Abuja with the signing of a Gas Supply Agreement with major gas producers. Speaking on the significance...
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NGC Declares 117 % Increase In Profit
December 13, 2019 No Responses

NGC Declares 117 % Increase In Profit

By Moses Ebosele, ebosele@hotmail.com For the year ended December 31, 2018, the Nigerian Gas Company (NGC), the gas transportation subsidiary of the Nigerian National Petroleum Corporation (NNPC), recorded profit after tax of N13.29billion, representing an inc...
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