By Uthman Salami Oil prices are set to exceed $100 per barrel in all three scenarios for global energy developments through 2050, with inflation and carbon prices potentially sending oil to $380 a barrel in 2050. This revelation was made by Russia’s oil producer,…
The Ijàw Diaspora Congress (IDC) is seeking the intervention of the Federal Ministry of Humanitarian Affairs and Disaster Management in the recent oil spill at Oil Mining Lease (OML) 29 at Nembe, Bayelsa. The diaspora group with headquarters in Newark,…
Eko Electricity Distribution Company (EKEDC) has pledged its commitment to support the free school initiative by New Liberty (Free) School in the Ikota Lekki area of Lagos. The move, which is in line with the Company’s efforts to continuously make…
A new advisory board made up of eminent oil and gas industry professionals has been constituted for the Oil Trading and Logistics (OTL) Africa Petroleum Downstream Week. Dr Emeka Akabogu, Chairman, OTL Downstream Development in Africa Ltd., made the announcement…
…Says FG’s political will, enormous resources invested in Extractive industry yielding results The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Dr Orji Ogbonnaya Orji, has expressed excitement that the international community is beginning to see Nigeria’s efforts…
The Ibadan Electricity Distribution Company (IBEDC) has re-launched the Meter Asset Provider Scheme (MAPS) as part of its efforts to ensure meter roll out across its franchise. Mr John Ayodele, the IBEDC Chief Operating Officer, made this known to journalists…
The Federal Executive Council (FEC) has approved $1.9 billion for the procurement of equipment for the nation’s power sector to boost power supply across the country, through the Presidential Power Initiative. Minister of Finance, Budget and National Planning, Zainab Ahmed…
The Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe has said the implementation of the Petroleum Industry Act ( PIA) will enable far-reaching reforms and a sustainable overhaul of the industry. Komolafe made the assertion on…
…Says it has 2bn litres of petrol in reserve By Uthman Salami The Nigerian National Petroleum Company Ltd. (NNPC) has it would continue to work tirelessly to ensure sufficient supply of petrol to every part of the country during and…
The Governor of Bayelsa State, Douye Diri has redeemed his pledge to bring succour to Nembe communities recently affected by the oil leak from an oilfield operated by Aiteo Eastern Exploration and Exploration. The Nov. 5 spill at Oil Mining…
