By Henry Umoru – Abuja The Senate has expressed shock and disappointment has it discovered that the much talked about Mambila Power Project was not allocated a Kobo by the Federal Government in the 2021 Budget. The Mambila Power Project was designed to help improve power generation and supply in Nigeria. Mambila hydropower project is […]

As operators continue to face tough times By Udeme Akpan Chevron Nigeria Limited, CNL, operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL has concluded plans to sack 25 per cent of its workforce in Nigeria. The decision is targeted at cutting the cost of its operations, which has been […]

By Adeyemi Adewole As an electrical engineer, I have often wondered why electrons never run out of energy though they are always in motion. It is well known that a moving body will slow down and finally stop due to loss of energy. I figured that the only reason why electrons never run out of […]

Seeks quick passage of PIB by NASS We are going to be thorough in the Passage of PIB ― Gbajabiamila National Assembly will read President’s Communication Tuesday Urges Ministry to Educate NASS on the content of the Bill By Henry Umoru STRONG indications emerged Monday that hardship looms in Nigeria following the nation’s over-reliance on oil […]

Oil price edged lower on Friday, falling more than two per cent on the week as COVID-19 cases surged globally and oil supply is set to rise in coming weeks. Brent crude futures settled at $41.92 a barrel, down two cents while U.S. West Texas Intermediate (WTI) crude futures lost six cents to $40.25 a […]

…Current realities support N200/litre — Iledare By Michael Eboh Petrol stations in Abuja has adjusted their pumps to reflect the hike in the ex-depot price of the Premium Motor Spirit, PMS, by the Petroleum Products Marketing Company, PPMC, with some of the stations raising the price as high as N161 per litre. In a survey […]

By Gabriel Enogholase – Benin Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the Edo State Government is set to earn about $125m foreign exchange from the exportation of naptha, which is one of the major products from the facility. Chairman of ERPC, Michael Osime, who disclosed […]

By Victor Ahiuma-Young Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has put on hold its planned nationwide strike scheduled for Thursday, August 27, after Chevron Nigeria Limited, CNL, and its contractors agreed to immediately unconditionally recall the 175 workers sacked last week. Recall that NUPENG had Thursday last week issued a seven-day strike […]

The management of Chevron Nigeria Limited (CNL) says it has engaged the leaders of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) over the 175 workers laid off by one of its contract companies. Mr Esimaje Brikinn, the company’s General Manager, Policy, Government and Public Affairs, made this known in an interview with […]

By Emma Amaize A multi-billion gas plant expected to provide 700,000 metric tonnes of processed gas daily and also improve power supply in Asaba, capital of Delta State and environs, is being constructed in the state by SEEPCO LNG Plant. Deputy Governor of Delta, Deacon Kingsley Otuaro, who toured the gas plant at Ogbakgwu, Ogume, […]

By Ediri Ejoh Society of Petroleum Engineers, SPE, Nigeria Council has lamented the huge amount of money the country spent to keep its non-performing refineries. Speaking ahead of SPE Nigeria Energy Industry Transformation Summit bid to run from 25 to 27th August, the Council Chairman, Mr Joe Nwakwue said that on annual basis, the country […]

By Michael Eboh Minister of State for Petroleum Resources, Chief Timipre Sylva has reiterated the determination of the Federal Government to ending fuel importation in the next couple of months, by encouraging investments in local refining of crude oil. Speaking during an inspection of the first hydro-skimming private modular refinery, being built in Yenagoa, Bayelsa […]

THE Nigerian Electricity Regulatory Commission, NERC, yesterday, attributed inaccurate billing of consumers to poor installation of prepaid meters in Nigeria.

Say we can’t give a legal license, but we have social license to say no By Egufe Yafugborhi – Port Harcourt Ogoni oil-producing communities in Rivers State on Wednesday declared that any oil firm desirous of resuming exploration in the area must come to terms with the people before enjoying the freedom to operate whatever […]

The oil-rich United Arab Emirates on Saturday announced the startup of its Barakah nuclear power plant, a first for the Arab world.