… Saves $5.4bn in Court Cases

The Nigerian National Petroleum Corporation (NNPC) said on Wednesday said that its legal team has saved about $5.4 billion in court cases through the victories it recorded in four court judgments involving the company.

A statement by the Corporation’s Group…

Africa’s natural gas projects are crucial to the energy transition and economic development in the region and can be used to power industrialisation while reducing the emissions released into the atmosphere, said Leye Falade, general manager of production at Nigeria LNG (NLNG) at ADIPEC Energy Dialogue.

Natural gas is an…

Talks to restart the bulk of Libya’s crude output and end the eight-month long blockade on the country’s oil exports are ongoing, with the issue of distribution of oil revenues still being ironed out. 

Platts said in a report yesterday that these negotiations have been making some progress, but the…

Nigerian electricity generation companies (GenCos) sold electricity worth N294.16 billion in the first five months of this year to the Nigeria Bulk Electricity Trading (NBET) Plc.

The NBET buys electricity in bulk from GenCos through Power Purchase Agreements and sells through vesting contracts to the distribution companies, which then supply…

ADM Energy has announced it is participating in the Nigeria’s 2020 Oil Bid Round as a strategic partner of OilBank International, a Nigerian integrated oil and gas service management company.

The submission follows ADM and OilBank pre-qualifying for the Bid Round and concludes the second stage…

The Nigerian National Petroleum Corporation (NNPC) said it recorded increased trading surplus of ₦20.36billion in July, compared to the ₦2.12billion surplus in June 2020 in its operations.

The corporation disclosed this in its July 2020 NNPC Monthly Financial and Operations Report (MFOR),released in Abuja, on Thursday.

It indicated that…

The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria’s four refineries in Port Harcourt, Warri, and Kaduna, were deliberately shut down, having been starved of the mandatory routine turnaround maintenance and major rehabilitation, despite the huge chunk of money voted for them over the years.

The Group Managing…

Nigeria’s Department of Petroleum Resources (DPR) has confirmed that it generated the sum of N742.4 billion revenue in eight months.

Department of Petroleum Resource (DPR) is a department under the Nigerian Federal Ministry of Petroleum Resources. The department has the statutory responsibility of ensuring compliance to petroleum laws, regulations and…

The chairman of Shell Companies in Nigeria (SCiN), Osagie Okunbor, has said that the Shell Petroleum Development Company (SPDC) has grown its oil output to an average of 514,000 barrels per day (bpd).

He said the company also has developed additional capacity to produce more. On the other hand, the managing…

     …Says meter payment will hence forth be through Cost of Tariff
Commissioner for the Nigerian Electricity Regulatory Commission (NERC), Mr Nathan Rogers Shatti, has explained that consumers of electricity in Nigeria are not expected to pay for meters in the new guidelines.

According to him, payment for meters be…