The management of Ibadan Electricity Distribution Company (IBEDC) says that the states under its franchise will experience prolonged power outage due to low weekly power allocation to its network by Transmission Company of Nigeria (TCN). This is contained in a…
Seplat Energy Plc, a leading Nigerian energy company, says it had entered into an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (“MPNU”) from ExxonMobil Corporation, Delaware, U.S. Seplat Energy made the announcement in a statement…
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government is deepening effort to spur oil production to take advantage of global crude oil price. Sylva said this in Abuja while briefing newsmen on the forthcoming…
Sale supports company’s disciplined investment strategy, Nigeria’s efforts to enhance industry participation Includes shallow-water affiliate; ExxonMobil to retain deepwater assets Transaction to close later this year pending regulatory approvals IRVING, Texas – ExxonMobil has reached an agreement to sell its…
The Federal Government says outcomes from the past edition of the Nigerian International Energy Summit (NIES) have been embraced and utilised by government, policy makers and oil and gas industry to effect development. Minister of State Petroleum Resources, Chief Timipre…
…OPEC Sec. Gen. attendance confirmed The Honourable Minister of Energy, Kingdom of Saudi Arabia, Abdulaziz bin Salman Al Saud, through his representative, Dr Nasser AlDossary, along with some of his African colleagues, Hon. Tom Alweendo, Minister of Mines and Energy,…
Crude oil retreated on yesterday afternoon as U.S. President Joe Biden prepared yet another round of sanctions on Russia in order to punish Russia for its earlier attack on Ukraine. In a White House presser, President Joe Biden recapped existing…
The Abia geometric power project for an improved power supply in the state will be ready in six months, an official has said. The Chairman/Chief Executive Officer of Geometric Power Ltd, Prof. Bath Nnaji, said this when he received Gov. Okezie Ikpeazu…
Mr Tayo Aboyeji, Lagos Zonal Council Chairman, Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has advised the Federal Government to fix the country’s refineries before removing fuel subsidy. Aboyeji gave the advice while delivering his inaugural speech as…
The Federal Government says it is committed to addressing the issue of under-dispensing of Liquefied Petroleum Gas (LPG), also known as cooking gas, by both depot owners and marketers. The Minister of Industry, Trade and Investment, Mr Niyi Adebayo, made this…
