Oil prices slowed yesterday, but it, however, kept most of the previous day’s gains after a larger-than-expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer. Brent crude oil fell 13 cents, or 0.2 per…
By Uthman Salami The Managing Director and Chief Executive Officer (CEO), Nigerian Electricity Management Services Agency (NEMSA), Engr. Peter Ewesor, has warned meter installers and electrical contractors against the use of sub-standard electrical products while undergoing installation. The Director gave…
…Exceeds revenue budget as it generates over N2.7trn in 2020 By Uthman Salami The Department of Petroleum Resources (DPR) has disclosed that the regulating body would hit N3.2 trillion at the end of the year 2021. The Director and Chief…
Chevron has rolled out plans toward meeting its energy transition through the investment of more cash in new low carbon sources. The company Chairman and CEO Michael Wirth, said Chevron intended to be a “leader” in low carbon plans. “Our…
The Vice President, Prof. Yemi Osinbajo has said that the current efforts to limit the development of gas projects in Africa violate the principles of equity and justice enshrined in global agreements. He made this submission while speaking during a…
The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday in Yenagoa held the maiden interactive session with representatives of host communities of its major projects in Bayelsa State and charged them to protect and support the projects in their…
By Uthman Salami Nigeria’s gas supply to markets in Europe is generating interests as key countries in North Africa are seeking Investment partnership with Nigeria in that regard. Algiers had cut ties with regional rival Morocco last month, accusing Rabat…
By Uthman Salami The Department of Petroleum Resources (DPR) has reopened eight petroleum tank farms shutdown by the Lagos State Physical Planning Permit Authority ( LASPPPA) in Ijegun-Egba, Satellite Town, Lagos. Mr Ayorinde Cardoso, Zonal Operations Controller, DPR, Lagos Zone,…
By Uthman Salami The Major Oil Marketers Association of Nigeria has urged the Federal Government to rescind its decision by removing the 7.5 per cent VAT on the product, MOMAN also kicked against the reintroduction of Value Added Tax (VAT)…
The leadership transition period at Nigeria LNG Limited (NLNG) ended at the weekend in Port Harcourt with the former Managing Director/Chief Executive Officer, Engr. Tony Attah handing over the symbolic Key to NLNG to his successor, Dr. Philip Mshelbila. At…
