Home Business Energy

Energy

Easter: DPR cautions against panic buying of petroleum products

The Department of Petroleum Resources (DPR) Field Office in Enugu says petroleum marketers who sell products above government approved prices risk having their stations sealed.

Oil prices slip to $71.43 per barrel

Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline stocks and ongoing Organisation of Petroleum Exporting Countries (OPEC)-led supply cuts.

Banks partner Mojec on prepaid meters

Mojec Meter Assets Management Company, a subsidiary of Mojec International Limited, has announced a partnership with some banks to provide retail financing for the rollout of prepaid meters to its customers within the coverage area of its partner distribution companies (DISCOs) across the country.
Deputy Senate President Ike Ekweremadu

Senator Ekweremadu: As oil producers, we should frustrate sale of electric cars in Nigeria

Deputy Senate President, Ike Ekweremadu, has said that, as an oil producing country, sale of electric cars in Nigeria should be frustrated.

DPR vows to stop petrol diversion

The Department of Petroleum Resources (DPR) in Sokoto State has restated its commitment to checkmate hoarding, diversion and selling of petroleum products above the control price.
The Kaduna Electricity Distribution Company on Monday appealed to residents of Ibrahim Taiwo Road in Kaduna to bear with it over the power outage being experienced by the residents.

Expert: Energy diversification can boost development index, SDGs

Prof. Babatunde Rabiu, Director, Centre for Atmospheric Research, National Space Research and Development Agency (CARNASRDA) said diversifying energy could boost development and enable Nigeria attain the Sustainable Development Goals (SDGs) by 2030.

Petroleum prices: Petrol remains steady as kerosene, diesel climb

The Average price paid by consumers for premium motor spirit, PMS, popularly known as petrol, remains steady, as the price of kerosene, diesel others increased in the month of March 2019.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil slips to $71, hit by talk of higher OPEC production

Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts.
Nigerian National Petroleum Corporation (NNPC)

NNPC: Nigeria’s daily crude production in 2018 stood at 2.019 million barrels

The Nigerian National Petroleum Corporation (NNPC) says that the national average daily crude oil production stood at about 2.019 million barrels in 2018.

DPR restates commitment to check hoarding, diversion of petroleum products

The Ibadan Field Office of the Department of Petroleum Resources (DPR) has restated its commitment to check the hoarding and diversion of petroleum products.

Governor Bagudu urges customers to pay KEDCO for 24-hour power supply

Gov. Atiku Bagudu of Kebbi, on Monday urged to customers to pay the Kaduna Electricity Distribution Company (KEDCO) regularly in order to enjoy 24-hour electricity supply.

Oil pauses, focus on future supply direction

Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.

Senate committee okays 10-year-jail term for theft of electricity cable, others

Senate Committee on Power, Steel Development and Metallurgy has recommended a jail term of 10 years, without an option of fine, if found guilty to have conspired, counselled or accepted to procure or to hold in custody, stolen parts, components or pieces of a public power equipment.
Zainab Ahmed

Finance minister: No plan to remove fuel subsidy now

Nigeria’s Finance Minister Zainab Ahmed has reiterated government’s resolve not to remove fuel subsidy. She made the emphasis against the backdrop of long queues emerging at some filling stations amid the fear that a removal was imminent.

NUPENG, PENGASSAN urge President Buhari not to remove fuel subsidy

Workers in the oil and gas sector on Sunday advised President Muhammadu Buhari to shun any counsel that would destabilise or cause chaos in the economy.
Federal University, Oye (FUOYE)

Don proffers solution to petrol challenges in Nigeria

A university lecturer, Prof. Cecilia Olufunke-Akintayo, has advised the Federal Government to build modern chemical plants, capable of producing bio-based petrol chemical in place of conventional Premium Motor Spirit, (PMS).

Minister Kachikwu: We have sufficient fuel

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Sunday assured Nigerians that there is sufficient Premium Motor Spirit (PMS), also known as fuel, in the country.
Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu

Minister Kachikwu challenges ExxonMobil, others on gas commercialization policy

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged ExxonMobil and other International Oil Companies operating in Nigeria, to key into the gas commercialization policy of government for gas development in the country.

Recent Stories

Manchester United target Kalidou Koulibaly reiterates commitment to Napoli

Kalidou Koulibaly has reiterated his desire to remain with Serie A side Napoli beyond the end of the 2018-19 season amid reported interests from several European heavyweights.

NSITF Board: Ministry accuses labour of disrupting inauguration

The Ministry of Labour and Employment has accused the Nigeria Labour Congress (NLC) of disrupting the inauguration of the new board of the Nigeria Social Insurance Trust Fund (NSITF).

Senator Akpabio: I have no regret joining APC

Former Senate Minority leader, Godswill Obot Akpabio, has denied allegations that he called the All Progressives Congress (APC) evil and was considering returning to the Peoples Democratic Party (PDP).
Chelsea progressed to the semi-finals of the Europa League after defeating Slavia Prague 4-3 at Stamford Bridge, resulting in a 5-3 aggregate victory.

Chelsea reach Europa semis despite alarming second half

Chelsea beat Slavia Prague 4-3 in a thrilling encounter to book their place in the Europa League semi-finals despite an alarmingly complacent second-half performance at Stamford Bridge on Thursday.

Federal government has 58 roads, bridges ongoing projects in Southeast – minister

The Federal Government has 58 ongoing road and bridge projects in the South East, Minister of State for Power, Works and Housing, Alhaji Mustapha Shehuri, has said.