Eni, the parent company of Nigerian Agip Oil Company (NAOC), has declared a force majeure on anticipated oil output at its Brass terminal in Yenagoa, Bayelsa state. The declaration would mean a shortfall of 25,000 barrels of crude oil and…
…Assures sustainable human capital transformation In line with its commitment to sustainably drive human capital transformation in the power sector, Egbin Power Plc, Africa’s largest privately run thermal plant has inducted 30 young graduate engineers into an intensive power generation…
Shell has said it was working with the Bayelsa government to resolve a dispute with some host communities over the non-execution of an electricity project. The four communities constituting the Kolo-Creek Cluster Development Board in the Ogbia Local Government Area…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised the Federal Government to remain focused on increasing Nigeria’s domestic refining capacity. IPMAN’s President, Mr Chinedu Okoronkwo said on Friday in Lagos that having functional refineries was in the best…
The Federal Government has approved a 25 percent increase in freight rate for petroleum products, raising it from N9.5 per litre to N11.87 The National President of the Nigerian Association of Road Transport Owners (NARTO), Alhaji Yusuf Othman made this…
The Minister of State for Petroleum Resources Chief Timipre Sylva has called on the U.S, Government to provide funding support for Nigeria to develop its natural gas resources. According to Sylva, this is to enable the sector serve as alternative…
The indigenous oil and gas firms in Nigeria have made an investment of over $13 billion on Assets acquisition in the oil and gas industry, this is according to the head of Nigeria’s IPPG, Abdulrazaq Isa. Local firms in the sector have…
The Organisation of Petroleum Exporting Countries (OPEC) says the oil and gas industry must leverage world’s most cutting-edge technologies and advanced innovations to promote a lower carbon future. This, according to the body, is necessary in terms of reducing emissions.…
The Organisation of Petroleum Exporting Countries (OPEC) says it will remain fully focused on maintaining a steady flow of energy supplies to consumers. Dr Mohammad Barkindo, OPEC Secretary-General said this on Thursday at the ongoing Nigeria Energy Forum (CERA Week…
The Group Executive Director, Gas and Power, Nigeria National Petroleum Corporation (NNPC), Mr Abdulkadir Ahmad says the Ajaokuta-Kaduna-Kano Natural Gas Pipeline Project (AKKP) has reached 73.3 per cent completion stage, The project was okayed by the Federal Government to ferry natural…
