Energy

The Italian justice ministry has ordered an inquiry into the conduct of two prosecutors in the long-running OPL245 corruption case involving energy groups Eni and Shell in Nigeria.

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have threatened to shut down the country’s oil and gas industry over what they claimed as Chevron Nigeria Limited (CNL)’s anti-labour practices.

Senegal is set to be partly powered by liquefied natural gas for the first time with the arrival at the capital, Dakar, on Wednesday of a floating gas facility from Singapore, the West African nation’s state power company, Senelec, said.

The Port Harcourt Electricity Distribution Company (PHED) says the Police Command in Rivers has arrested a middle-age man, Brian Anucha, for allegedly parading himself as PHED staff defrauding customers.

Ardova Plc, an indigenous energy company, says it has acquired a 100 percent equity stake in Enyo Retail and Supply Holding in a share purchase agreement.

The minister of power, Saleh Maman, and his minister of state counterpart, Goddy Agba, have met with major players in the power sector to address the electricity challenge in the country.

The managing director of Nigeria Liquified Natural Gas (NLNG), Anthony Attah, said the Train 7 project will stimulate inflow of about $10 billion foreign direct investment (FDI) into the country.

Shell Petroleum Development Company of Nigeria (SPDC) says it has so far recorded 51 leaks from its oil production activities in the Niger Delta in 2021.

The Eko Electricity Distribution Company (EKEDC) has attributed the outage in some communities in Badagry to broken poles along the Badagry Expressway in Oko-Afo.

President Muhammadu Buhari on Tuesday, flagged off the construction of the Nigeria Liquefied Natural Gas train 7 project, in Bonny, Rivers State.

The international price of crude oil continued its rise yesterday, extending three weeks of gains on the back of improving outlook for fuel demand as countries ramp up the lifting of travel restrictions, leading to tightening commodity supply.

Nigeria’s crude oil production output hit record low levels in May, the June Monthly Oil Market Report (MOMR) of the Organisation of Petroleum Exporting Countries (OPEC), has shown.

The joint executive council of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) as well as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has threatened to embark on an industrial action against Chevron Nigeria Limited (CNL) without giving further notice.

Kunle Olubiyo, President, Nigeria Consumer Protection Network, has urged the Federal Government to conduct a mid-term review of Nigeria’s power privatisation.

The Department of Petroleum Resources (DPR) in Cross River has sealed a retail outlet, Chizioba Ventures, for allegedly selling adulterated kerosene.

The senate has commended the Nigerian National Petroleum Corporation (NNPC) for its efforts towards attaining profitability and stamping out corruption from its system.

The Department of Petroleum Resources (DPR) says it is planning to launch liquified natural gas (LNG) micro-distribution centres across the 774 local government areas (LGAs).

The Central Bank of Nigeria (CBN) on Thursday in Lagos said that its digital currency might be launched by the end of 2021.

The Central Bank of Nigeria (CBN) has disclosed plan to launch a digital currency before the end of this year.

Sule Abdulaziz, acting managing director of the Transmission Company of Nigeria (TCN) and chairman, executive board of the West African Power Pool (WAPP), made this known at a meeting on Wednesday in Abuja.

Chairman/Managing Director, Chevron Nigeria Limited (CNL), Rick Kennedy, said the company has in the last 10 years spent an estimated annual average of $1 billion on Nigerian suppliers and service providers in line with its commitment to Nigerian Content Development.

The Dangote Group says its 650,000BPD refinery project under construction in Ibeju Lekki, Lagos will be completed by end of December.