The President, Major General Muhammadu Buhari (retd.), has appointed the Board and Management of the Nigerian National Petroleum Company Limited. This is in accordance with the power vested in him under Section 59(2) of the Petroleum Industry Act he signed…
The Minister of Power, Abubakar Aliyu has assured that the 215 megawatt (MW) Kudenda power station in Chikun local government area of Kaduna State, which has reached 80 per cent completion, will be completed before the end of 2022. The…
The Secretary General-elect of the Organization of Petroleum Exporting Countries, OPEC, says that a top priority for him is to keep the group’s pact with Russia and other producers in place, saying it was in the wider interest of the…
The Association of Nigerian Electricity Distributors (ANED) has expressed concerns over the slow pace of metering initiative by Federal government. The association said that it has retained the controversial use of bill estimation method. Although, ANED justified the billing of…
Oil prices rose on Tuesday as investors expected the Organisation of Petroleum Exporting Countries, OPEC+ producers meeting on output to stick with their planned increase for February based on indications Omicron would have only a mild impact on demand. Brent…
By Uthman Salami Last year, rift between oil marketers and indecisiveness on the part of federal government almost threw Nigerians into torrid moments – the time they had to wait for hours, and sometimes days before they could get fuel. …
The state-run Nigerian National Petroleum Corporation (NNPC) has explained the causes of fire at the 145,000 barrel per day capacity PortHarcourt refinery. The statement from the corporation reads: “This morning, 01/01/2022, a minor fire incidence occurred at the Port Harcourt…
Petroleum Technology Association of Nigeria (PETAN),an association of Nigerian Indigenous Technical Oilfield service companies in the upstream and downstream sectors of the Oil industry, has named Engr. Kevin Nwanze is new Executive Secretary. His appointment was announced by the PETAN…
Despite decades of mismanagement, malfeasance and corruption, strict U.S. sanctions and crumbling energy infrastructure, Venezuela’s national oil company PDVSA has stunned observers by reporting a significant increase in crude oil output for November 2021. OPEC’s December 2021 Monthly Oil Market…
Twenty-five suspected oil thieves handed over to the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, EFCC, by the Nigerian Navy, Forward Operating Base, Bonny Island, Rivers State, are being quizzed for their alleged involvement in illegal…
