Energy

The queues for Premium Motor Spirit, popularly called petrol in Abuja and neighbouring states of Nasarawa and Niger, have continued to grow worse daily. But the Federal Government on Thursday said it had increased the number of PMS trucks supplying products to the Federal Capital Territory to 180 per day …

The Nigerian Upstream Petroleum Regulatory Commission has announced the relaunch of the Nigerian Gas Flare Commercialisation Programme (NGFCP 2022). The formal relaunch of the Nigerian Gas Flare Commercialisation Programme (NGFCP) 2022 was announced by the NUPRC’s Chief Executive, Engr. Gbenga Komolafe, and it takes from September 30, 2022. The Programme …

The five South East states of Abia, Anambra, Ebony, Enugu and Imo have been thrown into darkness following a system collapse. The Enugu Electricity Distribution Company PLC (EEDC), Head, Corporate Communications, Emeka Eze in a statement on Monday, said the system collapse occured at about 10:51am resulting in a loss …

Nigeria’s crude oil revenue has continued to slump as the Organization of the Petroleum Exporting Countries’ newly released Monthly Oil Market Report for September revealed that the country’s crude oil output fell to 900, 000 barrels per day (b/d) last month. According to the OPEC report, Nigeria’s crude oil production …

The Civil Society Legislative Advocacy Centre has questioned the Nigerian National Petroleum Company over its decision to award a N48bn contract annually to an ex-militant, Mr. Government Ekpemupolo, alias Tompolo, for surveillance of the national pipeline facilities. In a statement signed by CISLAC Executive Director, Auwal Musa Rafsanjani, the group …

Angry oil workers under the umbrella body of the Petroleum and Natural Gas Senior Staff Association of Nigeria have threatened to shut down oil installations across the Niger Delta if the federal government fail to speedily address the lingering issue of crude oil theft and pipeline vandalism in the country. …

Vice President Yemi Osinbajo has proposed a Debt-For-Climate Swap deal to achieve a just and equitable energy transition for Africa. He said the swap deal, if approved, would significantly advance the course of global net-zero emissions targets and facilitate energy access and the development of African countries. Osinbajo made the …

Amid the Federal Government’s N250bn intervention funds on the National Gas Expansion Plan, which intends to deepen usage across the country, data from the Nigerian Bureau of Statistics said on a year-on-year basis, price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas, also known as cooking gas, increased by …

The Federal Government on Tuesday put the estimated amount required to bridge Nigeria’s gas infrastructure deficit at $2bn annually. The Minister of State for Petroleum Resources, Chief Timipre Sylva, disclosed this at the inauguration of the Governing Council of the Midstream and Downstream Gas Infrastructure Fund. He said a key …

The House of Representatives Committee on Finance yesterday frowned at the Transmission Company of Nigeria (TCN) officials over their inability to explain the megawatts of electricity being generated by Power Generation Companies (GenCos), particularly the Azura power company. The committee chaired by Hon. James Faleke (APC, Lagos) also picked holes …