The retail price of Liquefied Petroleum Gas (Cooking gas) in Nigeria is set to increase significantly as Liquified Natural Gas (LNG) vessels become scarce; leading to charter rate hikes, ahead of the 2023 winter when demand for the heating fuel…
The Nigerian Electricity Regulation Commission (NERC) has said the federal government paid the sum of N36bn to subsidise electricity consumption in the first quarter of 2023. In its quarterly report, NERC said the money amounted to the payment of N12bn…
The Organization of Petroleum Exporting Countries, OPEC, is muzzling up and rallying members support to take additional measures aimed at stabilizing the oil market. The OPEC had signaled it will stay the course as group leader Saudi Arabia extends a…
World Bank’s commitment to supporting rural electrification in Nigeria has taken a significant step forward with its plan to build 1,000 mini-grid power plants across the country. This ambitious initiative is part of the Nigeria Electrification Project (NEP), which aims…
A group of seasoned technocrats, Niger Delta Oil & Gas Professionals have expressed excitement over the Ministerial nomination of Festus Keyamo, SAN by President Bola Ahmed Tinubu. Leader of the group, Engr. (Dr) Soki Etebu expressed this in a statement…
By Akinyemi Precious The Niger Delta Exploration and Production has Unveiled its new name and now bears Aradel Holdings. This was revealed at its Unveiling which took place at Eko Hotels and Suites, Lagos State on Friday. The new name…
Product on board a vessel, MT PRAISEL, impounded by Tantita Security Service Ltd. (a private security company, engaged by the Nigerian National Petroleum Company, NNPCL), was not stolen crude oil, the Navy has declared. The declaration was made on Sunday…
The Port Harcourt Electricity Distribution Company (PHED) says it has begun the adoption of modern innovations to improve service delivery to customers in its four franchise states. The states include Akwa Ibom, Bayelsa, Cross River and Rivers. The PHED’s Managing…
The Nigerian National Petroleum Company Limited (NNPCL) says the Gwagwalada Independent Power Plant (GIPP) project is a giant step toward achieving its gas and power mandate to add five Gigawatts into the National power generation by 2024. Malam Mele Kyari,…
Vice President Kashim Shettima has urged the managements of Niger Delta Power Holding Company (NDPHC) and the Bureau of Public Enterprises (BPE) to focuse on realising the transformation agenda of the Tinubu’s administration. Mr Olusola Abiola, Director Information, Office of…
