Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said that the 2020 marginal field bid round programme would be closed with machinery to progress the bid round exercise in line with the Petroleum Industry Act 2021 (PIA). The Federal Government anticipates…
Saudi Arabia could cut the official selling price for oil to Asian buyers in February after raising them substantially this month. According to a report citing industry insiders and poll data, the Kingdom could slash the prices for all its…
South African High Court has ordered Shell to immediately put in abeyance its seismic survey along the Wild Coast in the Eastern Cape until it has undertaken a full environmental impact assessment and adequate public consultation. The Grahamstown High Court…
Nigeria’s production disruptions as well as in two other countries have caused supply hiccups in the oil market prompting prices to extend gains on Tuesday. Brent crude traded near $80 a barrel despite the rapid spread of the Omicron coronavirus…
Austin Avuru has rejected the purported termination of his appointment as a Non-Executive director on the board of Seplat Energy. The news of his sack was made public a few days to Christmas in which Seplat Energy alleged that its…
No fewer than 800 households in Enugu State on Monday received refilled 12.5 kilogramme of gas cylinders each from Second Coming Nigeria Ltd., dealer of Liquefied Petroleum Gas (LPG). The beneficiaries were drawn from Amechi in Enugu South and Agbani…
…As TCN provides reason for explosions A high tension power line from Egbin hydro power station has collapsed throwing many parts of Lagos into darkness. The National Emergency Management Agency, NEMA, has also issued a safety alert to residents of…
EKO Electricity Distribution Company (EKEDC), has directed its technical team to be more proactive and ensure immediate resolution and restoration of faults across its network during the Christmas and new year celebrations. General Manager, Corporate Communications of the Company, Godwin…
Chief Timipre Sylva, Minister of State for Petroleum Resources, has enjoined Nigerians to show love and understanding to one another as Christians celebrate the birthday of Jesus Christ. In a Christmas message on Friday, Sylva urged Nigerians to eschew bitterness…
..Assures of steady products supply The GMD/CEO NNPC Malam Mele Kyari Limited has blamed the pipeline fire in Iyana-Odo/Baruwa Axis of Lagos State on powerline collapse. This was disclosed during a visit to the site by the Group Managing Director…
