By Johnbosco Agbakwuru – Abuja THE Nigerian National Petroleum Corporation, NNPC has taken over the reconstruction of 21 federal roads across the six geopolitical zones of the country. The approval was given on Wednesday, at the Federal Executive Council, FEC, meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja. Briefing State […]

The management of Eko Electricity Distribution Company (EKEDC) on Wednesday announced a six-hour planned outage in some communities in Badagry, Lagos State. The General Manager, Corporate Communications, EKEDC, Mr Godwin Idemudia, said in a statement, that the outage would start between 10:00 a.m. and 4:00 p.m on Saturday, Oct. 23. Idemudia said the outage was […]

By Daniel Ajisogun The Host Communities of Nigeria, Producing Oil and Gas (Hoscon), has rejected the decision of South-South governors to appoint trustees for the Host Communities Trust Commission. The governors had indicated interest to appoint trustees for the Commission, directly responsible for the development of oil and gas communities. In a chat with Energy […]

By Prince Okafor Despite lack of activities at the nation’s four refineries, pipeline vandalism continued across the country with over 151 pipeline points in the first quarter of 2021. This upward trend reflects a surge of 26.5 per cent when compared to 111 pipeline points recorded in the corresponding period of 2020. Energy Vanguard gathered […]

SEPLAT Energy Plc, Nigeria’s foremost indigenous energy company has disclosed its readiness to champion the quest to improve Africa’s energy access by repurposing its operations with a focus on cleaner energy.

NNPC on Sunday in Abuja called on petroleum tanker drivers to call off its planned strike in the interest and welfare of Nigerians. “The strike is about the condition of roads in various parts of Nigeria used for the distribution of goods and services including petroleum products. “While it is not the responsibility of the […]

Ikeja Electric Plc (IE) has announced the introduction of Singleview, an interactive platform designed to enable prepaid meter customers to access their vending patterns and consumption. The News Agency of Nigeria (NAN) reports that the platform was unveiled by Mrs Folake Soetan, Chief Executive Officer, Ikeja Electric on Friday in Ikeja. Soetan said the platform […]

The Federal Government, Thursday, rejected a single pathway concept to energy transition and net zero carbon

By Prince Okafor Amidst growing doubts in some quarters that the ongoing rehabilitation work at the Port Harcourt Refining Company, PHRC, will not produce any meaningful result, the Company’s Managing Director, Ahmed Dikko, has assured that he would deliver a fully rehabilitated, functional refinery to Nigerians in record time. Recall that the rehabilitation work on […]

By Udeme Akpan The price of Nigeria’s  Bonny Light, Tuesday, rose further to $78.22 per barrel, from $77.40, recorded the previous day, as the Organisation of Petroleum Exporting Countries, OPEC, presents its 2021 World Oil Outlook (WOO) in Vienna, Austria. This showed an excess of $21.22 per barrel over the 2021 budget benchmark of $57 […]

By Prince Okafor As the prices of crude continue to leap, due mainly to shortages in the United States and recovery from the coronavirus pandemic, experts have predicted further rise to $90 per barrel, from $78 in the global market. An energy analyst with Goldman Sach Group, Damien Courvalin, said: “While we have long held […]

The Benin Electricity Distribution Company (BEDC) said it had begun mass disconnection of illegal consumers and those with other infractions that could hinder its smooth operation in Edo. The company announced this in a statement on Monday signed by its Managing Director/Chief Executive Officer, Mrs Funke Osibodu, and made available to newsmen in Benin. Osibodu […]

By Udeme Akpan With the prolonged coronavirus, COVID-19, pandemic, many analysts did not expect much from operators in the oil and gas industry globally for some reasons. First, the pandemic culminated in lockdown and low demand for oil and gas, especially in China and India, which constitute Nigeria’s major buyers. Second, it also impacted negatively […]

By Obas Esiedesa Nigeria’s crude oil production in August, 2021, fell by 6.68 percent to 1.239 million barrels per day from 1.323mb/d in July, latest report from the Organisation of Petroleum Exporting Countries (OPEC) has shown. The daily oil production figure excludes condensate oil production which Nigeria is not under obligation to report to OPEC. […]

By Udeme Akpan As part of the agenda required to improve power supply, under the leadership of the Minister of Power, Abubakar Aliyu, experts, have urged the Federal Government to unbundle the Transmission Company of Nigeria, TCN, into Technical, Commercial and Operational entities and constitute the board of the company for optimum operations. In different […]