Thursday, June 30, 2022

RANDOM NEWS

Santa Barbara oil spill: NUPRC to begin post assessment

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed the successful stoppage of the Santa Barbara Oil spill at Nembe Creek in...

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...

New Jersey court orders arbitration in Akinyanmi vs Lekoil Cayman suit

The New Jersey court hearing the application challenging the hostile ouster of Lekan Akinyanmi as the Chief Executive Officer of Lekoil Cayman...

Buhari hikes transporters freight rate by N10

Nigerian President Muhammadu Buhari, has considered and approved the upward review in freight rate for transporters to alleviate...

REA Signs Agreement with Two Energy firms

The Nigeria Electrification Project (NEP), Project Management Unit (PMU) of Rural Electrification Agency (REA)  has signed a Performance-Based Grant agreement, a sub-component of the NEP solar mini-grid with Messrs. Wavelength and Maskh Nigeria Limited.

NERC Sets July 1 for GenCos to attain 5GW Generation Capacity

But now, the entire value chain has committed to signing contracts to meet the power needs of electricity consumers. GenCos will sign contracts with gas producers to buy gas to produce.

Petrol freight rate: More trucks to resume fuel bridging -NARTO

He said NARTO members had been struggling to operate, adding that normalcy would soon return to the petroleum products distribution sector with the intervention.

NIMASA takes delivery of 10 Armoured Vehicles, others

Two unmanned aircraft system, 9 interceptor patrol boats and 10 armoured vehicles have been added to the existing assets earlier procured by the Federal Government

Abuja Electric crisis deepens as parties disagree over mediator

“We got a letter to that effect from office of Wole Olanipekun that the mediator appointed was unaccepted,” he said.

We feel your pains, Abuja Electric appeals to customers

We honestly feel your pains and trauma, and we plead for your continued understanding, while not absolving ourselves of our responsibilities.

Most Popular

Crude oil price to soar past $200/barrel

Bjarne Schieldrop, SEB analyst, said on Wednesday in no uncertain terms that the G7’s price capping proposal was a “recipe for disaster” given the current stress that the oil market is under.

Bridging claims, freight: FG pays N74bn to Marketers

The Authority in a statement, explained that the Authority paid N71,233,712,991 bridging claims and another N2,736,179,950.84 freight differentials to the Marketers as at 6th June, 2022

Why cooking gas price won’t come down- Kyari

“The world has never seen this kind of uncertainty, today countries are stockpiling products".

Reps to probe NNPC fuel subsidy claim of N2trn

In his motion, Ogun said he was informed that as of 2002, the NNPC purchased crude oil at international market prices, which stood at 445,000 barrels per day.

ECOWAS gets AFDB’s $2m electricity reforms

The ultimate objective is to stimulate cross-border electricity trade and improve energy access in the 15 countries in the region.

Marginal fields: Nigeria pockets trillions

Nigeria earned about N2 trillion from the latest round (2020/2021), as each of the awardees paid a total of N48 billion for fees and bonuses to earn the licence.

Axxela subsidiary gets first gas from Accugas 

CHGC is majority owned and controlled by Axxela, which delivers natural gas to over 185 industrial and commercial customers via its gas infrastructure network across cities in Nigeria including Lagos and Port Harcourt.