Energy

Hopes of Nigerians for a reduction in the high prices of domestic cooking gas has been rekindled following the revelation by the Nigerian National Petroluem Company to increase supply of the products to the domestic market. The Group Managing Director of the NNPC Ltd, Mr Mele Kyari, disclosed this in …

UTM Offshore, a Nigerian marine and services group, and the African Export-Import Bank have signed a Memorandum of Understanding to raise $2bn for the development of Nigeria’s first floating liquefied natural gas project. A statement issued in Abuja by the marine services group stated that the MoU was signed in …

Ololade Omosan-Agie The Group Managing Director of the Nigerian National Petroleum Company Ltd, Mr Mele Kyari has said that more investments are needed in the oil and gas sector to effectively tackle the current global energy crises. Kyari made the call while speaking at the 23rd edition of the World …

President Muhammadu Buhari  has sacked the management of the Abuja Electricity Distribution Company over the strike embarked upon by its employees which caused disruptions in power supply across Abuja, Nasarawa, Kogi and environs. The staff under the Nigerian Union of Electricity Employees (NUEE) on Monday embarked on an indefinite strike …

Ebuka Daniel The Niger Delta Power Holding Company (NDPHC) Limited has awarded the contract for immediate installation and energizing of the Owerri Transmission Substation. The contract, according to a statement issued by the Technical Adviser, Media, NDPHC, ‘Sanya Adejokun, was awarded to Messrs. Ak-AY Elektrik. The transformers had been installed …

Ebuka Daniel The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said it will continue to honour and process claims for bridging of PMS to ensure product availability nationwide. The Authority Chief Executive, NMDPRA, Engr. Farouk Ahmed said this on Thursday in Abuja when delegates from the National Association of …

The federal government is considering stiffer punishments for companies involved in oil spillage in some parts of the country. The Minister of Environment, Sharon Ikeazor, who dropped the hint Thursday at the weekly ministerial press briefing organized by the presidential media team at the State House, Abuja, said her ministry …

Ebuka Daniel Seplat Energy Plc announces the decision of its Chairman, Dr. A.B.C. Orjiako to step down as Chairman and from the Board of Directors of Seplat Energy Plc. Dr Orjiako notified the Board of Directors of his decision today, November 17, 2021.  In order to facilitate an orderly transition …

The Organisation of Petroleum Exporting Countries on Tuesday said about $450bn worth of new refinery projects and expansion of existing units would be invested in Nigeria and other developing nations. It said the investments were part of the estimated $1.5tn that would be invested in the downstream sector of the …

Oluwasina Phillip A non-governmental organisation and knowledge-based institution, Centre for Social Justice (CSJ) has said that  the removal of petroleum subsidy will save the government over N2 trillion. This is even as it condemned the Federal Government’s plan to borrow N126.925 billion for the National Identity Management Commission (NIMC) project. …