Latest

Energy

Energy demand to rise by 33%, requires $11trn investment — Barkindo

On October 15, 20197:50 amIn Energy, Newsby Urowayino Jeremiah

THE Organisation of Petroleum Exporting Countries, OPEC, has predicted that energy demand would rise by 33 per cent from 2015 to 2040.

Buhari administration earned N16.6trn from oil in four years

On October 15, 20197:39 amIn Energy, Newsby Urowayino Jeremiah

THE administration of President Muhammadu Buhari earned N16.647 trillion from the oil and gas industry in its first tenure, from May 2015 to April 2019.

NNPC records N4.26bn trading surplus in one month

On October 9, 20196:03 pmIn Business, Energy, Newsby Bankole

The Nigerian National Petroleum Corporation, NNPC, yesterday, declared a trading surplus of N4.26 billion in its operations for the month of July 2019.

How lack of synergy, others affect power sector — Operators

On October 8, 20196:57 amIn Energy, Newsby Urowayino Jeremiah

Operators in the power sector have identified lack of synergy and other factors as the major bane on the development of Nigeria’s power sector.

Gas flaring: NNPC, others frown over gas price cap

On October 8, 20194:54 amIn Energy, Newsby Urowayino Jeremiah

THE Nigerian National Petroleum Corporation, NNPC, has expressed dissatisfaction as the Federal Government continues to fix the price of gas in Nigeria.

ExxonMobil to partner lawmaker to unlock potentials in the sector

On September 17, 20197:51 amIn Energy, Newsby Bankole

The management of ExxonMobil has pledged its readiness to partner with Federal lawmaker representing Etinan/Nsit Ibom/Nsit Ubium, Onofiok Luke to unlock the massive potentials abound in the petroleum industry in Nigeria.

SON adopts 10 standards to enhance operations in oil, gas

On September 17, 201912:48 amIn Energy, Newsby Bankole

THE Standards Organisation of Nigeria, SON, has adopted 10 America Petroleum Institute, API, Standards for the nation’s oil and gas industry.

BREAKING: Eni makes new gas, condensate find in Niger Delta

On August 27, 20193:36 pmIn Energy, Newsby Victor Ogunyinka

Adds 1.0trn gas, 60m condensate to Nigeria’s reserves By Udeme Akpan Eni, an International Oil Company (IOC), has made a major gas and condensate find in the Niger Delta area of Nigeria. In a statement obtained by Vanguard, the company stated: “Eni, through its affiliate NAOC (Eni 20%, operator, NNPC 60%, Oando 20%) has made a
Read More

Host communities, FG responsible for delay in Ogidigben, Gelegele projects — Experts

On August 20, 20193:51 pmIn Energyby Nwafor

The delay in the commencement of the $20 billion Gas Revolution Industrial Project, Ogidigben, Delta State and the deep seaport and industrial park in Gelegele, Edo state, has been blamed on the Federal Government and host communities, who have consistently deployed various antics to frustrate the realization of these projects.

Nigeria’s 70% local content target by 2027 under threat — Investigation

On August 20, 20197:12 amIn Energy, Newsby Bankole

THE nation’s quest of attaining 70 per cent local content growth by 2027 has been threatened as the operational capacity of dockyards, used for the fabrication of oil and gas facilities has been threatened because of lack of jobs for indigenous service companies in Nigeria.