Energy

The President, Major General Muhammadu Buhari (retd.), has asked the Senate to replace the nomination of Sarki Auwalu with Farouk Ahmed as the Chief Executive Officer on the Nigerian Midstream and Downstream Petroleum Regulatory Authority Board. Buhari’s request was contained in a letter dated September 28, 2021, and read by …

The 2021 Annual Statistical Bulletin of the Organisation of Petroleum Exporting Countries released on Wednesday showed a drop of 543 million barrels in the crude oil reserves of Nigeria. Figures on world proven oil reserves by country as contained in the bulletin indicated that Nigeria’s oil reserves dropped from 37,453 …

The Senate has declared that all the financial and legal hurdles hindering the smooth take-off of the Mambila Hydro Electric Power projects had been resolved. The red chamber said the contractors were expected to mobilise men and materials to site before the end of the year. The Chairman, Senate Committee …

Oluwasina Phillip The Petroleum Tanker Drivers branch of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has resolved to begin strike on October 8 if the Federal Government fails to meet their three demands. The National Chairman of the Union, Otunba Salman Oladiti who made this disclosure, called …

Oluwasina Phillip President Muhammadu Buhari has asked the Senate to amend certain provisions of the controversial Petroleum Industry Act. The joint National Assembly committees that worked on the PIB had proposed a five per cent equity share for the development of the host communities but the Senate led the campaign …

The Lagos State Government has emphasised that it will not tolerate any physical development in the state, particularly petroleum tank farms and filling stations, without planning permit. The Commissioner for Physical Planning and Urban Development, Dr Idris Salako, said this during a press briefing in Alausa on Friday. The commissioner …

Ebuka Daniel The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May 2021, representing 180.29% increase on sales from the previous month of April 2021. This is contained in the May 2021 edition of the NNPC Monthly Financial and …

Oluwasina Phillip President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited. This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of …

Ololade Omosan-Agie The Department of Petroleum Resources has reopened eight petroleum tank farms shut down by the Lagos State Physical Planning Permit Authority in Lagos, saying the state-owned agency lacked the constitutional backing to close the depots. Zonal Operations Controller, DPR, Lagos Zone, Mr Ayorinde Cardoso, who directed the reopening …

The Minister of Power, His Excellency, Engr. Abubakar D. Aliyu FNSE has said the 40MW Dadinkowa Power project in Gombe State would soon receive FG intervention, adding that he would study relevant papers pertaining to the Power projects and make appropriate recommendation for the completion of the project. He stated …