Energy

Nigeria’s governing party, APC, has set up six committees to resolve the crises from its primaries across the country.

Oil prices rose by one per cent yesterday as traders expected top exporter Saudi Arabia to push the Organization of Petroleum Exporting Countries (OPEC) to cut supply toward year-end.

The meeting, which is at the instance of the DMO is designed to provide an opportunity for the debt management agency to explain the process for the issuance of promissory notes to settle outstanding arrears due to the marketers as well as provide a ‘Status Report.’

The Minister of Works, Power and Hosing, Babatunde Fashola, Monday, said the federal government would deploy solar energy systems to 37 universities in the country.

The Shell Petroleum Development Company of Nigeria Limited (SPDC) says out of the over N41billion disbursed for community projects in Niger Delta, about N15billion went to Rivers State under the Global Memorandum of Understanding.

Russia is planning to sign a partnership agreement with the Organisation of the Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday.

An energy expert, Sam Aiboni, has called for optimal harness of potential in the oil and gas sector of the economy.

The Department of Petroleum Resources (DPR) has allayed fears of Nigerians, especially Plateau citizens that there might be scarcity of fuel during the yuletide season.

For their inability to service their huge debts, Deposit Money Banks (DMBs) have taken over the assets of some defaulting oil marketers.

Oil marketers on Sunday appealed to the federal government to effect quick payment of their outstanding N800 billion subsidy debts.

The Enugu Electricity Distribution Company (EEDC) says it has recently mapped the entire electricity network in South-East using Geographic Information System (GIS) to improve its operations.

The Consumer Affairs Commissioner of the Nigerian Electricity Regulatory Commission, Dr Moses Arigu, has identified low metering as a factor responsible for estimated billing by electricity distribution companies.

President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences (OMLs) belonging to oil and gas firm, Seplat Petroleum Development Company Plc.

The Department of Petroleum Resources (DPR) in Cross River, has cautioned depot owners against selling petroleum products to unlicensed marketers.

The Petroleum Products Monitoring Committee in Kogi has assured members of the public in the state of its resolve to guard against fuel scarcity, particularly during festive and electionering periods in the area.

As part of efforts to enhance service delivery to electricity consumers in Bauchi State and its environs, the Nigerian Electricity Regulatory Commission (NERC) has established a Customer Complaints Forum office in Bauchi metropolis with a charge to customers who are yet to be metered despite paying in advance for their prepaid meters, to properly lodge their complaints at the commission’s forum office rather than vent their anger through violence on electricity workers.

The Nigerian National Petroleum Corporation (NNPC), Group Managing Director, Dr. Maikanti Baru, has commended Saudi Arabia’s recent decision to announce daily crude oil production cut by one million barrels per day from December this year.

The Transmission Company of Nigeria (TCN) has attributed the outage being experienced by electricity consumers in Benin City to maintenance work being carried out by Benin Electricity Distribution Company (BEDC).