…Says Fashola not part of Azura power deal By Chris Ochayi More details are emerging on the agreement reached between the Federal Government and the Azura Power Plant indicating that the Power Purchase Agreement became operational in April 2013 with the execution of the Power Purchase Agreement followed by several other aspects of the deal […]

By Ediri Ejoh Nigeria has started the export of 950,000 metric tones of the Liquefied Natural Gas (LNG), worth N354 billion to the global market. According to the Nigerian Port Authority, NPA’s shipping data; the product was exported through the use of 16 vessels to various ports around the world in the past few months. […]

C40 Cities, a network of the world’s mega cities committed to addressing climate change, has released C40 Mayors and Governors Agenda for a Green and Just Recovery outlining bold steps to deliver an equitable and sustainable recovery from the COVID -19 pandemic and an end to fossil fuel subsidies.

THE Chief Operating Officer (COO), Nestoil Group and Managing Director/CEO, Century Power Generation Limited, Dr. Chukwueloka Umeh, has identified cost reflective tariff as the necessary ingredient for the realisation of adequate and steady power supply in Nigeria.

Nigeria lost $779.9 million in six months, as oil and gas companies operating in the country flared 222.8 billion standard cubic feet (bscf) of gas from January to June 2020, according to data obtained, yesterday, from the Federal Government’s gas flare tracker.

By Michael Eboh Nigeria lost $779.9 million in six months, as oil and gas companies operating in the country flared 222.8 billion standard cubic feet (bscf) of gas from January to June 2020, according to data obtained, yesterday, from the Federal Government’s gas flare tracker. Using the Central Bank of Nigeria’s (CBN) average exchange rate […]

The attention of Sahara Energy Resource Limited (“SERL”) has been drawn to a false and misleading media report initially published by an online news portal, on July 15, 2020 under the headline: “How Late Abba Kyari Illegally Shared $200million From $1.099billion Oil Bloc Money To Sahara Energy”, which has also been re-hashed in other online […]

By Udeme Akpan Barely, a few hours after the Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) and its non-OPEC allies, popularly known as OPEC+, had put conformity to their output cut in June 2020 at 107 per cent, oil prices have recorded a marginal increase in the global market. […]

Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL, has sealed an agreement, directed at buying Sasol Middle East and India (Pty) Limited shares in Chevron Sasol EGTL Limite

THERE are indications that oil theft and illegal refining have attain new heights in Nigeria as Shell Petroleum Development Company Limited (SPDC), with over 600,000 barrels daily output, recorded 39 oil spill cases in the second quarter (April – June) of 2020, according to data obtained from SPDC.