OIL & GAS
-
5,552.8MW power generation successfully transmitted to Discos – TCN
Nigeria has recorded an all-time peak power generation of 5,552.8 megawatts, the Transmission Company of Nigeria announced on Thursday. According…
Read More » -
FG suspends power tariff hike, subsidising 55% low users
The Federal Government on Thursday ordered the Nigerian Electricity Regulatory Commission to suspend the implementation of the January 1, 2021…
Read More » -
Electricity tariff to go haywire as govt withdraws subsidy
• Stronger regulatory NERC needed to avoid profiteering, says ex-NLC scribe • Aremu says spike indicates hard year for workers…
Read More » -
10 power plants idle on Discos’ rejection, gas shortage
Ten of the nation’s 29 power plants sat idle on Monday on the back of low load demand by the…
Read More » -
Afreximbank predicts 10% rise in 2021 oil prices
Oil prices are expected to rise around 10 per cent over the next year, according to the Afreximbank African Commodity…
Read More » -
Nigeria risks losing 38% deepwater oil output 2025 – Operators
The fiscal terms in the current Petroleum Industry Bill may lead to a 38 per cent reduction in Nigeria’s deepwater…
Read More » -
Nigeria’s Q3 oil exports to US suffer 820,000-barrels drop
The volume of Nigerian crude oil bought by the United States dropped by 11.83 per cent in the third quarter…
Read More » -
NNPC’s gas handling facility begins operations, reduces flaring
The Nigerian National Petroleum Corporation through its flagship subsidiary, the Nigerian Petroleum Development Company, on Monday announced the commencement of…
Read More » -
Nigeria’s oil faces threat as electric vehicle sales rise
The rising number of countries gradually shifting from fossil fuels and encouraging the adoption of electric vehicles may pose a…
Read More » -
Oil, power firms owe Nigerian banks N5.83tn – NBS
The debts owed by energy firms to Nigerian banks rose by N200bn to N5.85tn in the third quarter of this…
Read More » -
NNPC abandons 10,000 applicants amid alleged secret recruitment
Thousands of applicants, who were shortlisted by the Nigerian National Petroleum Corporation to fill positions for the experienced cadre, have…
Read More » -
FG, seven firms sign MoU to power rural communities
The Federal Government on Wednesday signed an Output Based Fund grant Memorandum of Understanding with seven private companies for the…
Read More » -
Nigeria’s daily oil production falls to 1.32 million barrels
Crude oil production in Nigeria extended its decline to 1.32 million barrels per day in November on the back of…
Read More » -
Oil jumps on crude inventory draw
CRUDE oil prices rose on Wednesaday after the Energy Information Administration (EIA) reported a crude oil inventory decline of 3.1…
Read More » -
Senate probes alleged N1.2tn revenue loss to oil firm
The Senate on Tuesday constituted a seven-member ad hoc committee to investigate an alleged N1.2tn oil revenue loss to the…
Read More » -
Marketers refuse to obey N5 reduction in petrol price
Oil marketers, on Monday, failed to adjust the pump prices of Premium Motor Spirit (petrol) at their filling stations to…
Read More » -
Oil rises above $50, highest in nine months
The international oil benchmark, Brent crude, soared above the $50 per barrel mark on Thursday for the first time since…
Read More » -
Shell Nigeria employees accused of causing oil spills
Employees of Shell Petroleum Development Company of Nigeria Limited, a subsidiary of Royal Dutch Shell, have been accused of orchestrating…
Read More » -
Operatives conniving with oil thieves will face sanctions —Navy
The Chief of the Naval Staff, Vice Admiral Ibok-Ete Ibas, has said that some security personnel were colluding with criminals…
Read More » -
Nigeria’s crude oil earnings rebound by 116%–OPEC
The Federal Government’s earnings from the export of crude oil has recorded a rebound of 116 per cent, the Organisation…
Read More »