The Defence Headquarters say troops of Operation Delta Safe have deactivated 51 illegal refineries in the last two weeks. It said the refineries had a total of 76 ovens, 52 cooking pots/boilers, 22 cooling systems, 102 reservoirs, 16 large dugout pits and 513 storage tanks. The Acting Director, Defence Media Operations, Brig.-Gen. Bernard Onyeuko, made […]

Some victims of Friday’s raid by security operatives on illegal oil bunkering at Izombe community in Oguta Local Government Area of Imo have decried the attack as “unwarranted’’. Those, who spoke with the News Agency of Nigeria (NAN) on Sunday in separate interviews, said they incurred great losses in the raid. Two security operatives and […]

By Ediri Ejoh Domestic gas supply to gas-fired generating plants, GENCOs, across the country rose by 516 million standard cubic feet per day (mmscfd) to 4,095mmscfd in four months (between January and April) of 2021. This is 12.6 per cent increase when compared to 3,579 mmscfd recorded in the corresponding period of 2020, data contained […]

By Udeme Akpan The Petroleum Industry Act,  PIA, Nigeria’s comprehensive legislation, has provided certainty to local and foreign investors, capable of leading to increased investment. The additional investment is expected to culminate in greater energy security for the country. The chairman, Dorman Long Engineering Limited, DLE, Dr Timi Austen-Peters, who disclosed this in an interview […]

The Senate of the Federal  Republic of Nigeria has urged the International Oil Companies, IOCs, to submit their proposal for the setting up of the Host Communities Trust Fund for the panel’s perusal. The Chairman, Senate Committee on Petroleum Resources (Upstream), Senator Bassey Akpan, who disclosed this at a meeting with oil companies, said the […]

By Obas Esiedesa Revenue remittance by Electricity Distribution Companies (DisCos), to Nigerian Bulk Electricity Trading Company (NBET) fell in the second quarter of this year by 22.64 per cent to N91.3 billion compared to N111.81 billion recorded in the first quarter, latest data have shown. According to data obtained from NBET, the 11 DisCos remitted […]

The Senate has urged oil and gas companies in Nigeria to relocate to their operational base in Niger Delta for smooth operation. This was sequel to the adoption of a motion by Senator Albert Akpan (PDP-Akwa Ibom) at plenary on Tuesday. Akpan, in his lead debate said that the companies have over the years operated […]

By Udeme Akpan Despite the global call for energy transition from fossil fuel to cleaner resources, there are indications that oil and gas will remain relevant in Nigeria and other countries for a much longer time. Many experts have already predicted that shifting to clean energy resources, including solar and wind, will significantly reduce the […]

By Obas Esiedesa – Abuja President Muhammadu Buhari has named Senator Ifeanyi Ararume as NNPC Limited Board Chairman with Mele Kolo Kyari and Umar I. Ajiya as Chief Executive Officer, and Chief Financial Officer, respectively. The president ordered the incorporation of NNPC Limited in line with the provision of the Petroleum Industry Act (PIA). A […]

Total Nigeria Plc on Thursday said that the company’s shareholders on Aug. 19, voted to change its name to TotalEnergies Marketing Nigeria Plc. This was contained in a formal notification signed by the Company’s Secretary/Executive General Manager, Mrs Bunmi Popoola-Mordi, to the investing public and the Nigerian Exchange (NGX) Limited in Lagos. Popoola-Mordi said: “The […]

Domestic gas supply to gas fired generating plants (GenCos) across the country rose significantly by 0.51 million standard cubic feet per day (mmscfd) to 2,505mmscfd in the first quarter (Q1) of 2021.

By Prince Okafor As the world embarks on energy transition, a fresh indication has emerged that Nigeria needs in excess of $400 billion between now and 2050 to power over 25 million homes. This was the submission of the Minister of State for Power, Mr Goddy Jedy-Agba, during a press conference with newsmen in Lagos […]

By Bestman Michael Eurafric Energy Limited, weekend, debunked claims by the Federal Government on the revocation of the Dawes Island marginal field and the decision to re-award it to Petralon 54. The marginal field is owned by a Joint Venture, involving Eurafric, Tako and Petralon. Addressing the House of Representatives Committee on Public Petitions, Director, Department […]

By Udeme Akpan & Bestman Michael The Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC Ministers, popularly known as OPEC+, Sunday, increased the output of countries involved in the Declaration of Cooperation, DoC, including Nigeria. The decision, which has authorized the nation to produce 1.829 million barrels per day, mb/d from 2022, was taken at […]

. Mr Yunana Malo, Director, Energy Department, Bureau of Public Enterprises (BPE) says there is no plan to privatise the Transmission Company of Nigeria (TCN). He said, at a media conference on Monday in Abuja, rather than that, the Bureau would concession it to get maximum value. He said the transmission was the weak link […]