Tag: Industry News
“How blockchain will affect oil, gas sector in Nigeria’
As emerging frontiers, especially digital ledger system also called blockchain become a more globally recognised solution, experts have called for frameworks that will enable...
Homeland takes delivery of fourth 3307 Patrol Vessel
Homeland Integrated Offshore Services Ltd (Homeland) of Nigeria, has taken delivery of another Damen 3307 Patrol Vessel for operations in the offshore oil fields...
How to achieve energy sufficiency- NERC
The Nigerian Electricity Regulatory Commission, NERC, has advised electricity consumers on how to reduce energy consumption which would eventually lead to energy sufficiency in...
New Electricity Tariffs, Difficult to Implement- Fashola
The federal government has said it will be difficult to allow the 11 electricity distribution companies (Discos) in Nigeria’s power market charge new rates...
Lukoil in talks with Petrobras over possible sale of Nigerian oil...
According to its CEO, Vagit Alekperov, Russia’s second-largest crude producer Lukoil is ready to expand its upstream portfolio with new or recently acquired assets...
NNPC begins direct fuel supply to independent marketers
The Nigerian National Petroleum Corporation has commenced the direct supply of Premium Motor Spirit, popularly known as petrol, to independent oil marketers in order...
Crude Oil prices hits $70
The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia,...
Oil marketers calls for total deregulation of petroleum downstream sub-sector
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DAPPMA) have called for the total deregulation of the...
ENGIE to acquire two energy companies in West Africa
ABIDJAN, Ivory Coast, — ENGIE has signed an agreement to acquire two companies specialising in energy services in West Africa. Afric Power and Tieri...
Nigeria loses nearly half of its power output after fire incident
A fire at a Nigerian pipeline interrupted gas supplies to companies generating more than 3,000 megawatts in Africa’s most populous nation, the government said.
The...
NGO enjoins government end epileptic power supply
The Muslim Media Watch Group of Nigeria, a Non-Governmental Organization, has appealed to the federal government to work towards ending erratic electricity supply in...
No Going Back On 50% Derivation Demand – Igali
A former Nigerian envoy to Japan and Equatorial Guinea, Ambassador Godknows Igali, has said that the people of the Niger Delta region would continue...
NIPCO offers market-friendly rates in 2018
Amidst the current fuel crisis in the country NIPCO has offered some soothing words to stakeholders, promising “market friendly rates” for all petroleum products...
WAIPEC 2018’ll focus on driving oil, gas through innovative strategies-Okoroafor
Dirisu Yakubu with agency reports
The second edition of the West African International Petroleum Exhibition and Conference (WAIPEC) 2018 will focus on new ventures in...
NNPC Signs MOU with Benue State on Bio-Fuels Project
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the corporation doubled the daily supply of Premium...
NNPC to build three power plants with 4600MW
The Nigerian National Petroleum Corporation (NNPC) has announced that it will build three power plants with 4600MW, in the northern part of the country.
The...
House Committee raises alarm over continuous gas flaring in Niger Delta
The House of Representatives Adhoc Committee investigating revenue leakages in Nigeria’s oil and gas industry has frowned at the continuous flaring of gas in...
NARTO, PTD Warn on Petroleum Products Diversion
…As House of Reps Spits Fire on Activities of Fuel Saboteurs
The National Association of Road Transport Owners (NARTO) and Petroleum Tanker Drivers (PTD) have...
We can now account for every barrel of oil sold, says...
The Nigerian National Petroleum Corporation (NNPC) says it can now account for every barrel of oil sold as it has achieved 98 percent automation...
Kaduna Electric Set To Deploy 50,000 Pre-paid Meters In Sokoto
The Kaduna Electricity Distribution Company has affirmed its decision to deploy 50,000 pre-paid meters to its customers in Sokoto State come first quarter of...
