Home Business Energy

Energy

Shell: Power generation is not Nigeria’s problem

Oil giant, Shell Petroleum Development Company (SPDC), has declared electricity problem is not about power generation but distribution to various parts despite the nation’s huge gas reserve.
Nigerian National Petroleum Corporation (NNPC)

NNPC: We’ll continue to subsidise petrol

The Nigerian National Petroleum Corporation has said it will continue to bear the cost of subsidy on petrol.

OML-25 shutdown: Shell is demonic – Kula monarch

King Kroma Eleki, Sara XIV, the traditional ruler of Kula Kingdom in Akuku-Toru Local Government Area of Rivers, has described Shell Petroleum Development Company (SPDC), operating OML-25 as demonic.

Abuja Disco automates customers contact centre

Abuja Electricity Distribution Company (AEDC) has upgraded its customer contact centre with automated interactive multi-channel plaforms for improved service delivery.

China’s crude oil imports rise in June

China’s crude oil imports in June averaged 9.63 million bpd, an increase of 1.7 percent from an average of 9.47 million bpd in imports in May, and a 15.2-percent increase from 8.36 million bpd in June last year, according to Reuters calculations in barrels from data in tons provided by the Chinese General Administration of Customs.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

IEA: OPEC deal won’t alter fundamental outlook for oil market

The recent decision by oil-producing countries to prolong cuts in output will not fundamentally change the outlook for a market that is heavily oversupplied, the IEA said on Friday.

TCN targets capacity of 10,000MW

The Transmission Company of Nigeria (TCN) is planning to raise the transmission wheeling capacity of the power grid to 10,000 megawatts (MW) as it moves to achieve its target by re-conducting seven critical lines nationwide this year.

Group tasks NERC on consumers’ protection

The Utilities Consumers Rights Advocate Initiative has urged the Nigerian Electricity Regulatory Commission (NERC) to brace up to its responsibility of protecting consumers’ rights in the power sector.
President Goodluck Jonathan

Malabu: How ex-President Jonathan, ex-Ministers Diezani, Adoke hid documents showing fraudulent payments

The federal government on Thursday alleged that former President Goodluck Jonathan and other officials who worked in his government possibly hid or failed to document fraudulent payments made in the controversial Malabu oil scandal.

NCDMB, Danvic Petroleum acquire $1.2 million training software for varsities

In its quest to boost technological advancement in Nigeria, the Nigerian Content Development Monitoring Board (NCDMB) and Danvic Petroleum International Nigeria have secured a $1.2 million, (N610 million), seismic interpretation software and geosciences workstations for six Nigerian universities as a way of boosting knowledge in oil and gas exploration in Nigeria.
Melee Kyari

NNPC: Disregard rumour of petrol price increase

The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum products consumers to disregard trending rumour of a planned hike in the pump price of Premium Motor Spirit (PMS), otherwise called petrol, saying the statement of the corporation’s Group Managing Director, Mallam Mele Kyari, at the National Assembly yesterday did not suggest any plan to increase the price of the white product.
Melee Kyari

NNPC quells rumours of petrol price increase

The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum products consumers to disregard trending rumour of a planned hike in the pump price of Premium Motor Spirit (PMS), otherwise called petrol.

Oil at six-week high on Gulf of Mexico storm, Iran tensions

Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.
Power

TCN to upgrade 7 power lines, targets 10,000MW soon

The Transmission Company of Nigeria (TCN) said it is set to raise transmission wheeling capacity to 10,000 megawatts (MW) this year by re-conductoring seven critical lines nationwide.

NNPC: Oil price in Nigeria cheapest in West Africa

The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Mele Kyari, yesterday lamented at the Senate over the N145 per litre fuel price in Nigeria.
The Petroleum Equalisation Fund (PEF) says it’s newly introduced automation distribution system has helped the monitoring of movement of petroleum products across the country.

PEF explains new automation for monitoring petrol distribution

The Petroleum Equalisation Fund (PEF) says it’s newly introduced automation distribution system has helped the monitoring of movement of petroleum products across the country.
Petroleum Technology Development Fund (PTDF)

PTDF tasks PHD candidates on research works to solve challenges

Petroleum Technology Development Fund (PTDF) has urged selected candidates for the 2019 overseas PHD scholarship programme to focus on research works that will proffer solutions to challenges in the oil and gas sector.

Melee Kyari: We’ll engage Nass for PIB passage

The Nigerian National Petroleum Corporation is set for a new era of robust engagement with the National Assembly to ensure speedy passage of laws related to the Oil and Gas Industry for enhanced performance.

Recent Stories

FAB: Why PDP may not win Bayelsa

A group Forward Action Bayelsa (FAB) has raised concerns that the People’s Democratic Party (PDP) risks losing the November 16 Bayelsa governorship election if it fails to present a popular and acceptable candidate.
Air plane

Stakeholders to brainstorm on investment in Nigerian aviation sector

Captains of industries, airline owners, professionals, and other stakeholders in Nigeria’s aviation sector are gathering in Lagos to brainstorm on how to develop the right policies to spur major investments in the sector.

House of Reps to address grey areas in Electoral Act

House Leader, Alhassan Doguwa (APC, Kano), says the 9th House of Representatives will revisit the 2010 Electoral Act in order to address noticeable “grey areas” which affected the outcome of the 2019 general elections.
Paris Saint-Germain have signed Abdou Diallo from Borussia Dortmund, the French side announced on Tuesday.

Paris Saint-Germain announce signing of Abdou Diallo from Borussia Dortmund

Paris Saint-Germain have completed the signing of defender Abdou Diallo from Borussia Dortmund.

Governor Bello promises cassava revolution in Kogi

Gov. Yahaya Bello of Kogi has promised a cassava revolution in the state with the empowerment of 500,000 cassava farmers into the agric space.