OIL & GAS
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DisCos explain continuous poor power supply
Despite efforts to expand electricity transmission lines, and improve supply to end-users, power distribution companies (DisCos) have said the plans…
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Petrol price hits N143.8, stakeholders push for total deregulation
The pump price band for Premium Motor Spirit has been increased from N121.5 – N123.5/litre to N140.8 – N143.8/litre for…
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Oil production resumes on Bonga as operator concludes maintenance
Following concerns raised by the Department of Petroleum Resources (DPR), on non-compliance to COVID-19 protocols in offshore oil fields, operators…
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Federal Government hopeful of $5.7 billion investment from marginal fields
If the Federal Government succeeds with its on-going bid rounds for the 57 marginal oilfields being offered to investors, it…
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Nigeria, other African oil exporters’ll lose $34bn – IMF
The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in Africa a total of…
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Buhari inaugurates N1 trillion gas pipeline to boost electricity, others
•Tasks Kaduna, Kogi, FCT on project’s two-year delivery date President Muhammadu Buhari, in company of Governor Yahaya Bello of Kogi…
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Power grid has collapsed 108 times after privatisation – TCN
N’Assembly halts electricity tariff hike The nation’s electricity grid has collapsed 108 times after the power sector was privatised, data…
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Ajaokuta-Kano pipeline’ll be completed in two years – NNPC
The Nigerian National Petroleum Corporation targets to complete the $2.59bn Ajaokuta-Kaduna-Kano gas pipeline project in 24 months. It said the…
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No going back on petrol price control, PPPRA insists
The Petroleum Products Pricing Regulatory Agency on Sunday insisted that it would continue fixing price bands for petrol despite opposition…
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6 million households await meters as DisCos braces for new electricity tariff
Despite unmet metering gaps to over six million customers/households, some electricity Distribution Companies (DisCos) have begun to inform customers that…
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NNPC posts N9.53bn operational loss for March
The Nigerian National Petroleum Corporation on Wednesday announced a trading deficit of N9.53bn for March 2020, which stood out as…
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Tension at NNPC as PENGASSAN threatens strike
There was tension at the Nigerian National Petroleum Corporation on Wednesday, prompting the Petroleum and Natural Gas Senior Staff Association…
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Delta flow station: Nigeria loses 44,000bpd of crude
Nigeria has been losing about 44,000 barrels of crude oil daily since Saturday following the shutdown of the Odidi and…
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IPPIS: Petrol scarcity looms as PENGASSAN, NUPENG threaten strike
Nigeria may face petrol scarcity if oil workers make good the threat of withdrawing their services nationwide should the…
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FG To Review Customs Duty On Electricity Meters
The Federal Government is currently reviewing concerns around customs duty on electricity meters in order to make the equipment more…
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Nigeria, Others Expect Oil Market To Recover In H2 2020
Nigeria and other members of the Organisation of Petroleum Exporting Countries have said the global oil market will recover in…
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Seplat transfers assets to subsidiary, says strategy intact
Seplat Petroleum Development Company Plc announced on Thursday the completion of transfer of the business activities and assets of Oil…
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Delta to float modular refinery, revives others
• Reviews 2020 budget due to COVID-19 pandemic Delta State Government has approved the setting up of a modular refinery,…
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N1.8tn fund: We received only N58bn, say Discos
Electricity distribution companies on Wednesday claimed that out of the N1.8tn intervention fund so far injected into the power sector,…
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Fuel consumption, smuggling gulp 54 million litres per day –NNPC
Nigerians and neighbouring countries that benefit from smuggling consume 54 million litres of petrol, the Nigerian National Petroleum Corporation has…
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