OIL exploration in Nigeria has slumped to the lowest in a decade after producers including Royal Dutch Shell Plc and Total SA, backed away from investment until the country’s petroleum law is passed.Read More
TO ease complaints on kerosene scarcity, the Nigerian National Petroleum Corporation, NNPC, through its subsidiary, the Pipelines and Products Marketing Company, PPMC, said it has pumped about 37 million litres of the product into the market. The national demand for kerosene is 10 million litres per day.Read More
THE Managing Director of Nigeria LNG Limited, Mr Chima Ibeneche decried that it is mind boggling for a nation as blessed with gas like Nigeria to still be depending on other sources of fuel for domestic use.Read More
PIPELINE and Products Marketing Company, PPMC, has begun spill containment and environmental remediation measures at the Isheri area of Lagos, where a huge volume of spilled premium motor spirit (petrol) has polluted underground water.
The company, which is the marketing arm of the Nigerian National Petroleum Corporation, NNPC, said the measures were part of its ongoing detailed investigations into the petrol seepage at the Diamond Estate and its environs.
The Nigeria Export Processing Zone Authority, NEPZA, has petitions the Comptroller General of the Nigeria Customs Service, NCS, Alhaji Abdullahi Dikko, urging him to intervene in the persistent actions of the Controller in charge of Lilypond Customs command in respect of the operations of the Free zone and Lekki Free zone in particular.Read More
The Nigerian Extractive Industries Transparency Initiative, NEITI, wants erring oil companies identified in the 2005 oil and gas industry audit report sanctioned by the appropriate government regulatory agencies.Read More
The Shell Petroleum Development Company of Nigeria Limited, SPDC, has inaugurated the second edition of its Niger Delta Postgraduate Scholarship Scheme, to boost its effort in developing indigenous manpower for the oil and gas industry.Read More
IN an effort to free the country permanently from the shackles of incessant fuel scarcity, the Nigerian National Petroleum Corporation, NNPC has concluded plans to acquire about 50 percent of the nations petrol stations which would be strategic in fuel dispensing to Nigerians during at all times.Read More
In a bid to improve the power supply situation in Nigeria, PSC Nigeria, manufacturers of solar equipment in the country said they have installed capacity of over 1,500KWp of solar PV Systems, while making efforts to increase capacity about 5,500 Kwp within the next 12 months.Read More
The Bureau of Public Enterprises has said that there are numerous benefits prospective investors in the power sector can derive from the series of global investment forums, which kicked off last week in Lagos.Read More
BARCLAYS Capital in a Dec. 30, 2010 report said that the resumption of political uncertainty and violence may hinder the recent growth in Nigerian oil output, which climbed to a two-year high of 2.3 million b/d after dropping to a low of 1.7 million b/d in mid-2009.Read More
The Chairman of the Nigerian Extractive Industries Transparency Initiative, NEITI, Prof. Assisi Asobie, has stressed the organisation’s commitment to achieving full compliance status at the next board meeting of the global Extractive Industries Transparency Initiative, EITI, to be held early in the year.Read More
The Federal Government has approved over N31 billion for various contracts for power projects, yesterday.Read More
AS Nigerians bask in the euphoria of the 50th Independence anniversary celebration, Omatek Ventures Plc has announced the deployment of 24-hour alternative solar-powered hybrid solution combined with LED bulbs in 22 schools in Ekiti State.Read More
Contending issues surrounding the Petroleum Industry Bill, PIB, currently before the National Assembly, have made it imperative for the Nigerian National Petroleum Corporation, NNPC, to convene a summit of stakeholders.Read More