The United States pitched to China the idea of capping the price of Russian oil during a virtual meeting last week, U.S. Treasury Secretary Janet Yellen told The Wall Street Journal in an interview published on Wednesday. Secretary Yellen is…
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.238 million barrels per day (bpd) in June 2022. OPEC made this known in its Oil Market Report for July 2022 which…
The Nigerian National Petroleum Corporation Limited has stated the fuel queues in Abuja and Lagos will vanish in 3 days, stating that there were issues around supply disruptions which have now been resolved. This was disclosed by Mele Kyari, Group…
The Bureau of Public Enterprises (BPE) has described Ibadan Electricity Distribution Company (DISCO) as the worst-performing DisCo, according to the Performance Assessment review conducted in December 2021. The reaction from BPE follows the need to clarify some issues regarding the…
The Nigerian Content Development and Monitoring Board (NCDMB) has unveiled seven ministerial regulations that will provide a proper framework for monitoring the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. The regulations were approved by the…
While gasoline prices are still $1.50 higher per gallon than they were this time last year, they fell sharply overnight in what was the largest one-day drop in nearly 15 years, according to AAA data on oilprice.com. The current price…
By Ogaga Ariemu Surveyor General of the Federation (SGoF), Surv. Abudulganiyu Adebomehin has advised downstream Oil Operators to use geospatial technologies to curb oil theft and pipeline vandalism. The SGoF said oil theft and pipeline vandalism was doing much damage…
Mr Alex Okoh, the Director-General, Bureau of Public Enterprises(BPE), says 16 firms have pre-qualified for the privatisation of five National Integrated Power Projects (NIPPs) in the country. Okoh said this in a statement issued by the Bureau’s Head of Public…
The National Electricity Regulatory Commission (NERC) has assured electricity consumers in the South-East that it will soon resolve metering issues for better customer satisfaction. NERC’s Commissioner for Consumer Affairs, Mrs Aisha Mahmoud, gave the assurance on Wednesday at a town…
The Board of Directors of Enugu Electricity Distribution Company (EEDC) has appointed Dr Ernest Mupwaya as the new Deputy Managing Director (DMD) of the company. The Head, Corporate Communications, EEDC, Mr Emeka Ezeh, said in a statement on Thursday in…
