The Nigerian National Petroleum Corporation (NNPC), on Wednesday in Abuja said it had established contacts with some Chinese investors to partner in its non crude Research and Development venture.
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Nigeria is not opposed to joining OPEC production caps but will have to wait and see production back to acceptable levels.
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The federal government would help resolve a labour dispute between Exxon Mobil Corporation and unions in the oil-rich Niger Delta region, a minister has said.
READ MOREThe Nigerian National Petroleum Corporation, NNPC, on Wednesday said it would invest in the telecommunications and shipping sectors.
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Members of the Senate, on Wednesday, strongly criticised the privatisation of Nigeria’s power sector, saying the model adopted in the transfer from public to private operators has failed.
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The Chief Executive Officer of Nigeria’s Oando says worst disruptions in oil-producing Delta region are over, and production could reach 2.2 million barrels per day (bpd) by the end of June.
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Senate Committee Chairman on Privatization, Ben Murray Bruce, has given a shocking revelation on Wednesday that there was no solution to electricity crisis in Nigeria for now.
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OPEC and non-OPEC ministers would meet on Wednesday for informal consultations in Vienna in a last-ditch bid to agree the duration of oil output cuts.
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The Senate was, yesterday, told that vital equipment meant for the completion of the 245 Megawatts Kaduna Power Plant have been rotting away in Onne Port, Rivers State since early 2015, and that this has stalled effective take off of the power station.
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The Bonga oil field has produced about 702 million barrels of oil since inauguration in 2005, and operated at more than 92 percent availability in 2016, Managing Director of the oil field operator, Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, has said.
READ MOREThe Nigerian National Petroleum Corporation (NNPC) on Tuesday received no fewer than 34 bids submitted by different companies for the digitization of legacy documents in the corporate headquarters.
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Suspected oil rebels attacked a gas pipeline in Nigeria’s restive south, breaking a fragile truce between them and the government, an oil company spokesman told AFP Tuesday.
READ MOREThe Senate during plenary on Tuesday agreed to discuss the billing system of all distribution companies in the country.
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SERAP argues that access to regular electricity supply is a prerequisite for satisfying basic human needs, improving living standards, maintaining good human health, alleviating poverty and facilitating sustainable development.
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Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu, on Monday vowed to resign if Nigeria continues to import fuel by 2019.
READ MOREStakeholders in the nation’s power sector have identified measures to reduce the challenges inherent in the power sector.
READ MOREIraq has agreed to a nine-month extension of a production cut pact among OPEC members that is aimed at boosting crude prices, the country’s oil minister said on Monday.
READ MOREThe Network of Electricity Consumers Advocacy of Nigeria (NECAN) has urged the Abuja Electricity Distribution Company (AEDC) to instal meters in Kabusa community in the Federal Capital Territory.
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Electricity supply would be disrupted in many parts of Lagos this week as Eko Electricity Distribution Company (EKEDC) on Monday announced five days power outage in the city.
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The Federal Government has spent about N9tn on oil subsidy in the last 10 years, the Executive Director and Chief Financial Officer, Oando Plc, Mr. Femi Adeyemi, has said.
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Electricity consumers in Uyo have expressed concerns over the irregular power supply and issuance of bogus bills by the Port Harcourt Electricity Distribution Company (PHEDC).
READ MOREThe Organisation of Petroleum Exporting Countries, OPEC, is considering a six or nine-month extension in reduction of crude output.
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A former governor of old Anambra State, Sen. (Dr) Jim Nwobodo, has dragged the Enugu Electricity Distribution Company (EEDC) to court over his property they occupy as tenants at will.
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Union leaders under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, have suspended their strike at its Rivers state branch, two union representatives said on Saturday.
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The West African gas pipeline has yet to recover from the impact of militant attacks on oil and gas facilities in the Niger Delta as gas flowing into it have been significantly curtailed.
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