Energy

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.

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

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 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 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.

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.

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.

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.

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.

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.

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.

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 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.

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.

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.

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.

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.