The Independent Petroleum Marketers Association of Nigeria (IPMAN) has blamed inadequate supply of petrol from the depots in Lagos for the scarcity being experienced in Abuja and other parts of the country. IPMAN President, Mr Chinedu Okoronkwo, made this known…
Savannah Energy’s Accugas Limited, has entered into a new gas sales agreement, GSA, with TransAfam Power Limited, TAPL, in relation to the provision of gas for use at its power plants in Rivers State, Nigeria. Savannah Energy PLC, currently retains…
Oil prices were slightly down early on Monday after Russia fired missiles on the Ukrainian capital Kyiv for the first time in weeks while the battle in eastern Ukraine rages on. As of 10:16 a.m. EST on Monday, WTI Crude…
Ukraine-owned Antonov Airlines An-124 Cargo Plane has flown gas power plant to Nigeria across three flights despite being at war with Russia. The cargo weighed about 200 tonnes and was transported from Ljubljana in Slovenia to Kano, Nigeria. The delivered…
The Organisation of Petroleum Exporting Countries, OPEC+ agreed to open its oil taps faster in the summer months, a gesture of reconciliation to the U.S. that nevertheless keeps Russia at the heart of the cartel. The White House welcomed the…
The Nigerian Petroleum Upstream Petroleum Regulatory Commission (NUPRC) has confirmed a fire incident triggered by a suspected associated gas reservoir within the vicinity of Caritas University in Enugu. Mr Gbenga Komolafe, Commission Chief Executive, NUPRC in a statement on Friday…
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.772 million barrels per day (mbpd) target approved in June to a new target of 1.799mbpd for July. A statement issued on Thursday by…
…Calls for collective combat against CO2 emission By Gloria Akudoro, Abuja Minister of State for Petroleum Resources, H.E Chief Timipre Sylva has stated that every nation’s considerations on energy policy must revolve on energy security as it constitutes a high priority…
By Gloria Akudoro, Abuja The Federal Government is seeking collaboration with key stakeholders to financing sustainable African Natural Resources and Energy Projects. Minister of Mines and Steel Development, Arc. Olamilekan Adegbite made the declaration at the opening of its first…
The Nigerian Association of Road Transport Owners (NARTO) has called for an upward review of the freight rate for Premium Motor Spirit (PMS) due to the high cost of diesel in the country. NARTO is also asking for access to…
