Heirs Energies, Renaissance Africa collaborate to drive Nigeria’s oil and gas devt
Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance's leadership team, led by the Managing Director, Tony Attah.
FG considers new options to deliver prepaid meters
THE Federal Government has started considering new options in delivering prepaid meters to 60 per cent of consumers still being exploited through estimated billing in Nigeria.
Power: NDPHC to export 70MW of electricity to Republic of Togo
The management of the Niger Delta Power Holding Company, NDPHC, has disclosed that the company has entered a bilateral agreement with the Republic of Togo to supply the country with 70 Megawatt, MW, of electricity under the Power Purchase Agreement, PPA.
Oil marketers blame subsidy for downstream infrastructure decay
By Obas Esiedesa – Abuja The poor state of infrastructure in petroleum downstream sector has been blamed on years of under-pricing the pump price of premium motor spirit, petrol, through subsidy payment. With government-owned refineries, pipelines and depots in a bad state and not functional, Nigeria has had to depend on importation, and trucking by […]
Stakeholders express fears as tanker accidents hurt economy
Stakeholders have expressed fears over increasing tanker accidents in the downstream sector of Nigeria’s petroleum industry, stressing that it could further impact negatively on the economy.
How NNPC cuts losses in four refineries by 53% to N85.75bn in 10 months
THE Nigerian National Petroleum Corporation, NNPC, has cut down losses by 53 per cent in the first 10 months of 2020, due to none production in the nation’s four refineries, according to data obtained from its October 2020 Monthly Financial and Operations Report, MFOR.
UK’s Supreme Court allows Niger Delta spill claims against Shell
Britain’s Supreme Court ruled on Friday that more than 40,000 people in the Niger Delta region can make pollution claims against Anglo-Dutch energy giant, Shell, in English courts. The ruling overturned a 2017 decision against the Ogale and Bille communities, who brought legal claims for clean-up and compensation following decades of repeated spills in the […]
Why Nigeria is changing to cleaner energy ― Osinbajo
Nigeria’s plan is to reduce carbon emission by 20% by 2030 as FG commissions another university-based solar plant VP also chairs inaugural meeting of Cabinet Committee to review Draft National Transport Policy Vice President Professor Yemi Osinbajo has explained why Nigeria is changing to cleaner energy. And this is in line with the globally endorsed […]
Oil Production: NNPC seeks stakeholders collaboration for cost optimisation
As a move to achieve $10 per barrel crude oil production cost, the Nigerian National Petroleum Corporation, NNPC, has insisted on stakeholders’ collaboration in the oil and gas industry.
Be ready to bear pains of high petrol cost, Minister tells Nigerians
By Obas Esiedesa – Abuja The Minister of State, Petroleum Resources, Chief Timipre Sylva has admonished Nigerians to be ready to bear the pains of increased petrol pump price as crude oil price climbs above $60 per barrel. Speaking at the official launch of Nigerian Upstream Cost Optimisation Program on Tuesday, Sylva said with no […]
Oil Market: Price hits $60 per barrel as Iraq, Kazakhstan cut output
By Udeme Akpan The price oil has risen to $60 per barrel in the international market as Iraq and Kazakhstan commit to the Organisation of Petroleum Exporting Countries, OPEC oil cut deal. For instance, the price of Brent, usually used to benchmark other oil prices rose from $59 to the current price on February 8, […]
