OIL & GAS
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300 sacked SPDC contract staff in Delta protest, demand benefits
Amidst the #EndSARS protest in Delta State, over 300 contract staff who were allegedly sacked by the Shell Petroleum Development…
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CBN slams tough loan conditions on banks, DisCos, meter producers
The Central Bank of Nigeria (CBN) has unveiled a two-pronged template for accessing its facility under the Nationwide Mass Metering…
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NNPC’s liabilities exceed assets by N4.4tn – Report
The liabilities of the Nigerian National Petroleum Corporation as a group exceeded the assets of the oil firm by N4.4tn…
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OPEC raises 2020 demand forecast over China’s recovery
The Organization of the Petroleum Exporting Countries (OPEC), has raised its global oil demand forecast for 2020 by 60,000 barrels…
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Egbin Power seeks to promote electric vehicles
Egbin Power Plc, a member of the Sahara Power Group, has said it will promote the use of electric vehicles…
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Don’t revert to service reflective tariff, NERC orders Discos
The Nigerian Electricity Regulatory Commission on Monday said it had directed power distribution companies not to revert to the September…
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2021 budget: MDAs get N20bn for electricity, local contractors
• FG earmarks N16.7bn as refund for Yola Disco The Federal Government plans to settle the electricity bills of its…
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Dangote refinery, others threaten existing plants – OPEC
“This significant increase in refining capacity is somewhat larger than incremental demand in the medium-term and could help to reduce…
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Our pipelines not near Baruwa plant fire – NNPC
The Nigerian National Petroleum Corporation has commiserated with residents of Baruwa area in Lagos on the gas plant fire incident…
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World Bank backs FG on petrol subsidy removal
…says economy to shrink by 4.1% this year The World Bank said on Thursday that the removal of petrol subsidy…
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Nigeria wastes N115bn gas in seven months
International oil companies and local players in the nation’s oil and gas industry flared natural gas worth an estimated N114.79bn…
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Shell gas to boost industrialisation in Oyo
…Company awards contract for Bayelsa Shell Nigeria Gas (SNG), will facilitate domestic gas infrastructure development in Oyo, following the signing…
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NNPC, stakeholders express concerns over E&P future
Nigerian National Petroleum Corporation (NNPC), and stakeholders in the upstream sector have expressed concerns over the impact of the Covid-19…
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Nigeria’s gas exports recover, surpass pre-COVID-19 level
The nation’s gas exports have rebounded from the COVID-19 pandemic, rising for the fourth straight month in July to 115.71…
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PIB lists functions of new agencies to replace NNPC
The Petroleum Industry Bill 2020 has listed the specific functions of the three agencies that would replace the Nigerian National…
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Petrol price may drop this month, say marketers
The pump price of petrol may reduce marginally this month, going by the fall in global crude oil prices, oil…
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Electricity consumers paid N1.27tn in three years, say Discos
Electricity distribution companies collected a total of N1.27tn from customers in the last three years, data obtained from the Association…
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It makes no sense for oil to be cheaper in Nigeria than Saudi Arabia —Buhari
The President, Major General Muhammadu Buhari (retd.), says it makes no sense for Nigeria to sell petroleum products at prices…
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We’re focusing on domestic gas growth – NNPC
The Nigerian National Petroleum Corporation is focusing on growing Nigeria’s domestic gas utilisation for balanced economic growth. Group Managing Director,…
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NERC issues order suspending tariff hike for 14 days
The Nigerian Electricity Regulatory Commission on Tuesday night issued an order suspending the September 1, 2020 hike in electricity tariffs…
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