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Festus Marinho, Pioneer MD of NNPC dies
.Kyari Mourns The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has lamented the death of the pioneer Managing Director...Chevron denies oil spill at Funiwa field in Bayelsa
Chevron Nigeria Limited, operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), has denied media reports...Elumelu’s firm completes acquisition of 30% stake in SPDC’s OML 17
The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in...96 firms submit bids for NNPC’s BOT infrastructure financing model
Buoyed up by the culture of Transparency, Accountability and Performance Excellence (TAPE) of the current NNPC management, no fewer than (96) prominent and reputable...
- Midstream
Shell Nigeria Gas seals 20-year gas distribution deal
Leading domestic gas distribution company, Shell Nigeria Gas (SNG), has signed a 20-year agreement for the domestic distribution of gas to industrial customers and...FG hikes electricity tariff by 120 per cent
The Federal Government through the Nigerian Electricity Regulatory Commission (NERC), has approved an increase in electricity tariff by 120 per cent effective from January...2021 budget proposal: House C’tte on power cuts TCN’s N165.8bn to N4bn
The House Committee on Power has rejected the 2021 budget proposal for the Transmission Company of Nigeria (TCN). Rep. Mogaji Aliyu, the Chairman House Committee...Mass metering: 101,000 free meters to cost Abuja Electric N6bn
The Managing Director, Abuja Electricity Distribution Company (AEDC), Dr Ernest Mupwaya, has said that the company will be installing over 101,000 free meters within...
- Downstream
BonnyLight Energy imports 20,000 MT AGO into Nigerian market
BonnyLight Energy and Offshore Limited, a wholly indigenous petroleum downstream have announced the supply of 20,000.00 MT of Premium Automotive Gas Oil (popularly known...DPR ASSURES OF PRODUCTS AVAILABILITY DURING YULETIDE
The Department Petroleum Resources (DPR) have assured Nigerians of petroleum products availability during the yuletide period. The DPR said that there is product sufficiency nationwide...Interview with Abayomi Awobokun, CEO, Enyo Retail & Supply on the firm’s Gas Expansion Plans in Nigeria
Enyo has been operating in Nigeria for a while now and has done well in its expansion across the country so far. As we...NIPCO fits 6,000 vehicles to run on gas
.Lauds govt, assures of easy conversion of cars to run on gas The Nigerian Independent Petroleum Company (NIPCO) said that it has fitted about 6,000...
- Business
FG warns against Lekoil’s assets transfer
.Says Metallon’s action contravenes Nigerian laws The Federal Government of Nigeria through the Ministry of Petroleum Resources has objected to the questionable tactics adopted by...Fuel tanker laden with fuel exploded on Otedola Bridge
.NNPC Commiserates with Victims, Lagos Govt A fuel tanker laden with fuel has exploded at Otedola Bridge in Lagos State. According to report, the tanker exploded...Partnership: KEDCO signs MoU with Skyline University
The Management of Kano Electricity Distribution Company (KEDCO) says it has signed a memorandum of understanding with Skyline University to enhance Training and Education between...FINANCIAL INCLUSION DRIVE: FIRSTBANK DISBURSES OVER N17BN LOANS THROUGH FIRSTADVANCE
First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has announced that loans in over the sum of N17 billion have been...
- 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
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...Crude Affreightment: NIMASA Revives Move to Change Terms of Trade
The Nigerian Maritime Administration and Safety Agency (NIMASA) has revived efforts to change the Terms of Trade for the affreightment of Nigerian crude oil...August crude output breaches OPEC+ quota by 103,000 b/d
The United Arab Emirate (UAE) breached its OPEC+ quota in August, pumping 2.693 million b/d, according to sources familiar with the matter, as electricity...
- Agriculture
EDITOR PICKS
Buhari inaugurates National Oil and Gas Excellence Centre in Lagos
President Muhammadu Buhari on Thursday inaugurated the National Oil and Gas Excellence Centre (NOGEC) Lagos, aimed at strengthening Nigeria’s position as a regional leader...
Aisha Muhammed-Oyebode appointed LEKOIL Nigeria Chairman
LEKOIL Nigeria Limited, the oil and gas exploration and production company and affiliate of Lekoil Limited Cayman, announces the appointment of Mrs. Aisha Muhammed-Oyebode...
Buhari re-appoints Usman as NPA MD, reconstitutes board
The President, Major General Muhammadu Buhari (retd.), on Thursday, re-appointed Hadiza Usman as Managing Director of Nigerian Ports Authority for another five years.
He also...
POPULAR POSTS
Buhari inaugurates National Oil and Gas Excellence Centre in Lagos
President Muhammadu Buhari on Thursday inaugurated the National Oil and Gas Excellence Centre (NOGEC) Lagos, aimed at strengthening Nigeria’s position as a regional leader...
Aisha Muhammed-Oyebode appointed LEKOIL Nigeria Chairman
LEKOIL Nigeria Limited, the oil and gas exploration and production company and affiliate of Lekoil Limited Cayman, announces the appointment of Mrs. Aisha Muhammed-Oyebode...
Buhari re-appoints Usman as NPA MD, reconstitutes board
The President, Major General Muhammadu Buhari (retd.), on Thursday, re-appointed Hadiza Usman as Managing Director of Nigerian Ports Authority for another five years.
He also...
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