OIL & GAS
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Nigeria, OPEC Peers To Lose $272bn In Oil Revenue
Nigeria and other members of the Organisation of the Petroleum Exporting Countries will see their combined net oil export revenue…
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Panic as fire guts Oando tank farm in Lagos
Fire gutted a tank farm yesterday in the Oando Depot on Gaskiya Road, Ijora Badia area of Lagos State. The…
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FG, Transcorp’s Afam plant deal to add 966MW generation
The Federal Government on Thursday signed a share sale and purchase agreement with Transcorp Power Consortium in relation to Afam…
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We’ll begin oil exploration in Chad Basin soon – FG
The Federal Government on Wednesday said it was willing to resume oil exploration in the Lake Chad Basin. The exercise…
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OML 40 explosion damages marine storage vessel, stalls 10,000bpd
The Nigerian Petroleum Development Company, a subsidiary of the Nigerian National Petroleum Corporation, has reported an explosion at a production…
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FG releases funds to Discos for mass metering
The Federal Government has released funds to power distribution companies for the mass deployment of about six million free electricity…
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10 power plants suffer gas shortage, 1,753MW idle
The lingering challenge of gas supply in the nation’s power sector left 1,753.4 megawatts generation capacity at 10 power plants…
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Oil price rises 2% after falling to $36
The international oil benchmark, Brent crude, gained nearly two per cent on Monday, shaking off earlier losses, as the United…
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FG to spend N269.38bn on six million free meters
The Federal Government is to spend between N269.38bn and N497.13bn on the provision of six million free meters to various…
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Power generation hits all-time peak of 5,459MW – TCN
The Transmission Company of Nigeria on Thursday announced that the nation’s power industry attained another all-time national peak electricity generation…
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Free meter distribution begins in Kano, Kaduna, Lagos today
The free distribution of electricity meters to Nigerians will commence today (Friday) with the simultaneous inauguration of the scheme in…
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Niger, Benin, Togo pay Nigeria N2.04bn electricity bill
International customers – Niger, Benin, Togo – who purchase power from Nigeria remitted a total of N2.04bn in the first…
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NNPC demands calm as fuel queues surface in FCT, others
Petrol queues surfaced in parts of Abuja and neighbouring states of Nasarawa and Niger on Monday evening and intensified on…
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Nigeria considers supplying electricity to Chad
Generation falls to 3,474MW, 11 plants idle The Federal Government is considering supplying electricity to the Republic of Chad following…
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Minister says $5.8bn Mambilla power project idle, senators kick
Members of the Senate Committee on Power expressed anger on Monday when the Minister of Power, Mamman Saleh, said the…
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Set aside risk funds, NNPC tells national oil firms
National oil companies should set aside risk funds to minimise the impacts of unforeseen events, the Nigerian National Petroleum Corporation…
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5,000bpd Imo modular refinery ready for operations – DPR
The 5,000 barrels per day Waltersmith Modular Refinery project in Imo State is ready for operations, the Department of Petroleum…
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PENGASSAN threatens nationwide strike over killing of anti-SARS protesters
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has threatened a nationwide strike following attacks on innocent…
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Rivers youths disrupt NPA, oil, gas zone operations
National assets and operations at the Nigerian Ports Authority, including the Onne oil and gas free zone in Eleme local…
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Lagos seals 11 petrol stations, 19 others
The Lagos State Government through its Physical Planning Permit Authority says it has sealed some structures including 11 petrol stations.…
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