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Qua Iboe

Oil price rises above $75 per barrel

International oil benchmark, Brent crude, on Monday hit $75 per barrel and rose further amid growing geopolitical tensions in the world.

Fed govt approves $1.1 billion PPA for Qua Iboe Power Project

The government also approved a Put/Call Option Agreement (PCOA), which NBET and the Ministry of Finance agreed with the project’s investors – the Qua Iboe Power Plant Limited (QIPP).

Mobil takes over ownership of Qua Iboe power plant

Mobil Producing Nigeria Limited, operator of NNPC and MPN Joint Venture, on Thursday said it had reached commercial terms with Qua Iboe Power Plant Limited for the transfer of ownership of the Qua Iboe power project.

Shell Nigeria lifts force majeure on Bonny Light crude

Shell Petroleum Development Company of Nigeria Limited, a subsidiary of Royal Dutch Shell, has lifted force majeure on the exports of Bonny Light crude oil, one month after it was declared.

Nigeria lost 773,100bpd of crude oil in May – NNPC

The Nigeria oil industry lost 773,100 barrels per day to production shut-in due to product theft and pipeline vandalism in the month of May, 2017.

NNPC loses N48bn as refineries’ performance drops by 45 per cent

Nigerian refineries are still performing poorly as an analysis of the latest monthly oil and gas sector report has shown that their combined performance, with respect to capacity utilisation, has dropped by 44.87 per cent.

Recent Stories

Lagos task force to clampdown on illegal local council traffic officials

The operatives of the Lagos State Task Force is set to begin from Monday a total clampdown on illegal activities of Local Government Traffic Officials on all roads across the State.

Governor Wike: Federal government withholding Rivers’ funds

Rivers State Governor, Nyesom Ezenwo Wike, has accused the Federal Government of withholding special funds meant for the state.

James Tarkowski withdraws from England standby list

The Burnley defender was named as one of the five Three Lions back-ups by Gareth Southgate after failing to make the main 23-man squad.

2019: Ex-VP Atiku Abubakar appoints ex-Governor Daniel as campaign chief

Former Vice President, Alhaji Atiku Abubakar, has appointed a former Governor of Ogun State, Otunba Gbenga Daniel, as the Director General of his 2019 Campaign organisation.

Gernot Rohr: Super Eagles to test new strikers against Congo DR

The Super Eagles Coach, Gernot Rohr, has confirmed that he would be testing new strikers, Simmy Nwankwo and Junior Lokosa, in Monday’s friendly game against Congo DR.