By Ediri Ejoh PIPELINE vandalism, sabotage and other factors have culminated in the shutdown of eight oil terminals, according to data obtained from the Nigerian National Petroleum Company Limited. The eight oil terminals, including Forcados, Bonny, Odudu, Brass, Yoho, Urha, Ajapa and Aje, were shut between August and October, 2021, leading to losses and deferred crude […]

By Udeme Akpan ELECTRICITY accidents in Nigeria’s power sector have dropped by 27 percent to 167 incidents in the first half of 2021, (H1’21), from 228 incidents recorded in the corresponding period of 2020, according the quarterly reports of the Nigerian Electricity Regulatory Commission, NERC. The reports obtained by Vanguard, weekend, indicated that the highest incident […]

. By Chris Ochayi The Transmission Company of Nigeria, TCN, on Friday announced that an inferno was caused by a vandalized pipeline along Isheri Olofin, off Igbando – LASU expressway of Lagos State has caused massive damage to 330kV Ikeja-West Akangba transmission line 1, burning off a large portion of the conductor. General Manager, Public […]

Gas supply challenges have knocked off five power generation plants belonging to the Niger Delta Holding Company Plc from the national grid, shuttingin about 2,534 Mega Watts in the process.

NIGERIA’s crude oil exploration  has suffered a setback as the rig count, a global index for measuring activities in the upstream sector, decreased by 38 per cent to 80 in the first 11 months of 2021, from 129, recorded in the corresponding period of 2020, according to the reports of the Organisation of Petroleum Exporting Countries, OPEC.

Lekoil Nigeria Limited, an indigenous oil firm has demonstrated its resolve to recover control of all lost assets, including the stakes in Lekoil (Cayman) Limited.

NIGERIA needs an urgent strategy to grow its capacity in the gas sub-sector to spur industrial development across all parts of the country.

The rising price of crude oil and its derivatives at the world market has been said be responsible for the current rise in Liquefied Petroleum Gas, LPG, also known as cooking gas.

Nigeria’s oil output dropped year-on-year, YoY, by 13 per cent, to 1.346 million barrels per day, mb/d, in October 2021, from 1.540 mb/d in 2017, according to the Organization of Petroleum Exporting Countries, OPEC.

THE Organisation of Petroleum Exporting Countries, OPEC and Non-OPEC oil ministers, have concluded plans to hold the 35th Meeting of the Joint Ministerial Monitoring Committee (JMMC) as instability threatens the global oil market.