The state-run Nigerian National Petroleum Corporation (NNPC) Oil and Gas Financial Report for the month of April 2020
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Shell pays $3.243b to Nigeria’s govt in 2020
Shell, a global leading oil and gas producer on Wednesday published its 2020 Sustainability Report, its Industry Association Climate Review and its annual Payments...OPEC+ eases oil supply from May to boost economy
The 15th Meeting of OPEC and non-OPEC Ministers has agreed to increase oil production gradually from May to July, responding to both internal and...Shell, Aiteo feud deepens
Despite the court case which led to interim freeze order on the Shell Petroleum Development Company (SPDC)’s accounts, the feud over alleged $2.7 billion...Total expects first oil from $500m Ikike field before December- Sangster
The Managing Director, Total E&P, Mr. Mike Sangster, has said the company had made significant progress with the development of $500 million Ikike Oil...
- Midstream
Nigeria’s Power Generation To Rise On Increase Rainfall, Gas Supply
Nigeria’s Power supply is seen improving across the country in the coming weeks as the rainy season approaches and the water level at the...AGAIN, TWO TOWERS ALONG MAIDUGURI- DAMATURU 330kV LINE IS VANDALIZED
AGAIN, TWO TOWERS ALONG MAIDUGURI- DAMATURU 330kV LINE IS VANDALIZED. The Transmission Company of Nigeria (TCN) has said that two towers along the Damaturu -...MASS METERING: EKO ELECTRIC ENCOURAGES CUSTOMERS TO APPLY FOR FREE METERS
Eko Electricity Distribution Company (EKEDC) has assured its customers that the National Mass Metering Programme (NMMP) is still on going, and encouraged those who...REA commissions 85KWP solar hybrid project in Gombe
Gombe State Governor, Muhammad Inuwa Yahaya, has said that the 85KWP solar hybrid project he commissioned in Dakitti Community of Akko Local Government Area...
- Downstream
DPR revokes Addax’s oil mining licenses for non-performance
.Re award licenses to Kaztec and Salvic Consortium The Director Department of Petroleum Resources (DPR), Engr. Sarki Auwalu, has said that DPR revoked three Oil...FG commissions Obudu 60kWp solar hybrid mini-grid plant
.Groundbreaking 100kWp isolated mini-grid at bottom hill, Obanliku The Federal Government has commissioned the 60kWp solar hybrid mini-grid power plant in Obudu Ranch Resort of...FEC approves $1.5bn for rehabilitation of Port Harcourt Refinery
The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved 1.5billion dollars for the rehabilitation of the Port Harcourt Refinery...DPR seals 86 illegal gas plants in Lagos in 2020
The Department of Petroleum Resources (DPR) says it shutdown 86 cooking gas plants in Lagos State in 2020 for operating illegally. According to Paul Osu,...
- Business
NNPC Signs $1.5billion Contract for Rehabilitation of PH Refinery
.To Award Warri, Kaduna Refineries Rehab EPC in June The drive by the Management of the Nigerian National Petroleum Corporation (NNPC) to boost in-country refining...Our meters are not for sale; they are free- KEDCO insists
.Warns against extortion in its franchise The Management of Kano Electricity Distribution Company (KEDCO), has reiterated that its meters under the on-going zero phase is...Train 7 will attract about $10bn into Nigeria-Attah
The Managing Director of Nigeria LNG Limited (NLNG), Engr. Tony Attah has said Train 7 project would attract about $10billion into the country with...DPR outlines 5 critical levers for robust gas development in Nigeria
The Department of Petroleum Resources (DPR) has outlined five critical levers for gas development as Nigeria moves to leverage its abundant gas resources for...
- World
OPEC, non-OPEC countries to increase production by 0.5mb/d in January
The Organisation of Petroleum Exporting Countries (OPEC) and the non-OPEC countries have agreed to increase crude oil production by 0.5 million barrels per day...Sarki bags Society of Chemical Engineers Fellow
The Director of Petroleum Resources, Sarki Auwalu has been elected as a fellow of the Nigerian Society of Chemical Engineers (NSChE) at the 2020...2021 Budget: Nigeria to finance N4.98trn deficit by borrowing- Buhari
.Targets N2.01trn from oil sector, Non-oil revenue N1.49trn .To spend N198bn on Power sector Nigeria President Mohammadu Buhari has said that N4.98 trillion or 3.57...It’s not Govt business to run refineries- Osinbajo
The Vice President, Prof. Yemi Osinbajo, has said the problems associated with Nigeria’s refineries will persist if the Federal Government continues to own and...
- Analysts
Justifying FG’s Rehabilitation Option For Nigeria’s Dormant Refineries
The immediate sensation which trailed the recent approval by the Federal Executive Council (FEC) of $1.5 billion to rehabilitate Port Harcourt Refining and Petrochemical...Fuel Deregulation: Time for labour to review stance
Helpless Nigerians presently managing to eke a living are being subjected to yet another stress of standing in long-winding queues of vehicles to buy...LCCI COMMENTS ON THE PETROLEUM INDUSTRY BILL (PIB)
BACKGROUND The oil and gas industry is a major contributor to the Nigerian economy and government revenue. Nigeria, with the largest oil and gas reserves...How Salihijo turned REA into impactful agency in one year
When his appointment was approved by President Muhammadu Buhari on December 31, 2019, as the new Managing Director, Rural Electricity Agency (REA), only a...
- Agriculture
EDITOR PICKS
ETI appoints Fashina as Group Executive, Operations & Technology
Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group has announced the appointment of Tomisin Fashina as its new Group Executive for Operations...
Shell pays $3.243b to Nigeria’s govt in 2020
Shell, a global leading oil and gas producer on Wednesday published its 2020 Sustainability Report, its Industry Association Climate Review and its annual Payments...
Eni Makes Big Oil Find Offshore Angola
Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Cuica exploration...
POPULAR POSTS
ETI appoints Fashina as Group Executive, Operations & Technology
Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group has announced the appointment of Tomisin Fashina as its new Group Executive for Operations...
Shell pays $3.243b to Nigeria’s govt in 2020
Shell, a global leading oil and gas producer on Wednesday published its 2020 Sustainability Report, its Industry Association Climate Review and its annual Payments...
Eni Makes Big Oil Find Offshore Angola
Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Cuica exploration...
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