Energy

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DPR worries over decline in oil, gas reserves

The Department of Petroleum Resources, DPR, has expressed concern over the continued decline in Nigeria’s oil and gas reserves.“For the first time in many years, Nigeria’s oil and gas reserves are on the decline.”

FG to introduce expatriate quota management

The Nigerian Content Development and Monitoring Board, NCDMD, has disclosed plans by the Federal Government to introduce an Expatriate Management Quota, EQM, to regulate the use of foreigners for jobs that could be performed by Nigerians in the oil and gas industry.

NNPC, Shell to increase NPDC production to 250,000 bpd

The Nigerian National Petroleum Corporation, NNPC, and the Shell Petroleum Development Company, SPDC, have agreed to turn the Nigerian Petroleum Development Company, NPDC, to a world class exploration and production company.

Olorunsogo contributes 160MW to national grid

Public power supply in the country recently received a boost from the OlorunsogoPower Station, as the plant is now contributing of 160mega watts of power to the National Grid. The power station has eight units with combined capacity of 304MW or 38MW each, but has been working far below capacity since its inauguration due to gas supply issues.

‘Low crude production, major loss of revenue’

President of Global Water and Energy Strategy Team, Mr Paul Michael Wihbey, has expressed concern over the low production of crude oil in Nigeria, adding that it is a major loss of revenue to the country.

NERC invites EFCC over Eko Distribution alleged exploitation of customers

The Nigerian Electricity Regulatory Commission, NERC, has asked the Economic and Financial Crimes Commission, EFCC, to investigate a possible case of fraud and corruption by officials of the Eko Distribution Company Plc against residents of the high-brow Victoria Garden City, in Lagos.

Anglo Dutch Shell hosts Alison-Madueke

Senior Shell executives of Anglo Dutch Shell recently hosted Nigeria’s Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, at the Group’s headquarters in The Hague, Netherlands.

Vanguard Detty December

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