OIL & GAS
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Petroleum Industry Act: Govt can sell NNPC shares to individuals, says Kyari
There is provision in the Petroleum Industry Act that gives room for individuals to acquire stakes in the new Nigerian…
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Fuel price remains until FG, labour end negotiations – PPPRA
The Petroleum Products Pricing Regulatory Agency on Sunday said the Petroleum Industry Act had signaled the full deregulation of the…
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Nigeria has reduced oil production cost –Minister
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says COVID-19 had helped to reduce the cost of crude…
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Itsekiri graduates bemoan casualisation by Chevron, threaten shutdown
The National Association of Itsekiri Graduates Worldwide has threatened to shut down all operations of Chevron Nigeria Limited in Itsekiri…
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Buhari Signs PIB Into Law
Nigeria’s President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law. Working from home in five days quarantine…
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Investors proposing $500m for gas pipelines, others – DPR
Investors have proposed to spend over $500m in building gas pipelines and other facilities in Nigeria following the implementation of…
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Shell agrees N45.9bn Ogoni oil spill payment 10 years after judgment
The people of Ogoni in Rivers State got justice on Wednesday as the multinational oil company, Shell Petroleum Company, agreed…
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FEC approves $2.5m, N498.2m for four power projects
The Federal Executive Council approved $2.54m and N498.23m for four projects in the Ministry of Power. The Minister of Power,…
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Shakeup in NNPC, senior management staff redeployed, COO sacked
The Nigerian National Petroleum Corporation on Monday announced the promotion and redeployment of some staff to fill vacant positions, as…
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DPR to track 33,000 filling stations over smuggling
The Department of Petroleum Resources has said it is working towards capturing all the 33,000 filling stations in Nigeria in…
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NLC demands electricity tariff reduction agreement implementation by December
The Nigeria Labour Congress has said the Federal Government must implement by December the agreement to reduce electricity tariffs by…
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FG targets maximum value from oil, gas assets’ recovery
The Department of Petroleum Resources (DPR) has said it is formulating a Maximum Economic Recovery (MER) strategy for Nigeria to…
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Petrol subsidy may gulp N2tn this year –Rainoil boss
Nigeria may end up spending N2tn on petrol subsidy this year if the current situation persists, the Group Managing Director,…
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Petrol consumption jumps by 340 million litres in one month
Petrol consumption in Nigeria leaped by 340 million litres within a space of one month, figures released by the Nigerian…
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‘Future of oil exploration still bright amid energy transition’
The Nigerian Association of Petroleum Explorationists (NAPE) has expressed confidence that the future of oil and gas exploration is bright…
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Grid Collapse: TCN In Four-Hour Power Restoration Battle
Power generation on the national grid collapsed to as low as 10 megawatts on Wednesday afternoon, but rose to 4,123.8MW…
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Poor oil investments’ll adversely affect Nigeria, OPEC warns
Investing poorly in the oil and gas industry will have a heavy adverse impact on Nigeria and other oil-producing developing…
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Power grid collapses again amid lack of backup capacity
The national power grid has suffered another system collapse, worsening the blackout being experienced by households and businesses in parts…
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Power: Egbin Decries N388bn NBET Debt, Idle Capacity
Egbin Power Plc, the biggest power station in Nigeria, has said it is owed N388bn by the Nigerian Bulk Electricity…
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Oil Price Dips To $74.18, Russia Rallies OPEC On Market Stability
Brent, the oil against which Nigeria’s crude is priced, dropped marginally on Tuesday, shedding 32 cents to close at $74.18…
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