Energy

The National Bureau of Statistics said the average cost of refilling a five kilogramme (kg) cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased from N2,084.74 in November 2018 to N2,052.79 in December 2018.

Nigeria ranks among the top 10 cheapest petrol selling countries in the world, a policy group has revealed in its latest report.

The National Bureau of Statistics (NBS), says the average price per litre paid by consumers for National Household Kerosene decreased to N290.74 in December 2018 from N298.32 recorded in November 2018.

The Bureau of Public Enterprises (BPE), has charged members of the Management Board of the Yola Electricity Distribution Company (YEDC) to shun personal and sectional interests in the discharge of their duties.

The Nigerian National Petroleum Corporation (NNPC) says the country earned 640.35 million dollars from the export of crude oil and gas for the month of October, 2018.

The majority shareholder of Forte Oil Plc, Mr Femi Otedola, is planning to buy out the company’s upstream services and power distribution firm to be ratified by the shareholders on Feb. 7.

The Federal Government yesterday said it has taken measures to end the guess work on the millions of litres of Petroleum Motor Spirit (PMS) used daily in the county.

Oil prices climbed by one per cent yesterday following supply cuts led by Organization of Petroleum Exporting Countries (OPEC) and Russia, although a darkening economic outlook capped gains.

The Dangote Oil Refining Company (DORC) Ltd. has taken delivery of one of the major components of its refinery equipment, the Regenerator for the Residual Fluid Catalytic Cracker (RFCC).

Energy experts on Saturday identified ignorance and misconception as major setbacks to the adoption of renewable energy in Nigeria.

The Transmission Company of Nigeria (TCN) has announced a planned power outage in some parts of Lagos and Ogun States on Jan. 13 and Jan. 15, between 8:00am and 5:00pm.

The Niger State government has again confirmed the presence of hydrocarbon in the Bida basin, but explained that the state has not been able to confirm the presence of crude oil in the basin.

The Nigerian National Petroleum Corporation (NNPC) says it is working to crash the price of cooking gas in the country.

The Department of Petroleum Resources (DPR) has urged owners of illegal petrol stations and gas plants to regularise their registration before the end of first quarter of 2019.

Some Lagos residents on Wednesday expressed satisfaction with the decrease in the price and availability of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, especially during the Yuletide, the News Agency of Nigeria (NAN) reports.

Oil prices rose by around one per cent on Wednesday, extending gains from the previous session on hopes that Washington and Beijing may soon resolve trade disputes that have cast a dark shadow over the global economy.

The United Nations says Nigeria lost an estimated 2.8 billion dollars in revenues in 2018, mainly due to oil-related crimes.

A Niger Delta environmental activist, Comrade Sheriff Mulade, has condemned the recent attacks on Conoil facility in Koluama, Bayelsa State.