The Minister of Petroleum Resources, Timipre Sylva, has said oil will not lose relevance in the future energy mix. He also said that the Organization of Petroleum Exporting Countries, OPEC itself would continue to be a force to be reckoned…
The federal government of Nigeria has commissioned the first solar-powered electric vehicle charging station. The charging station, which falls under the Elective Vehicle Pilot Project is an initiative of the National Automotive Design and Development Agency (NADDC). The charging station…
…Warns oil Marketers against hoarding during Sallah By Uthman Salami The Director, Department of Petroleum Resources (DPR), Sarki Auwalu, has revealed that for federal government to eliminate fuel subsidies, it would need to find other fuel alternatives. He said this…
Nigeria has risen to fourth position among key crude oil producers making supply to India. India is second Asia’s biggest crude oil importer after China. Last month, Iraq stayed as the top oil supplier to India, followed by Saudi Arabia…
The Organisation of the Petroleum Exporting Countries and allies (OPEC+) have agreed to boost the oil supply from August. The OPEC+ disclosed in a statement issued on Sunday that the group will increase supply by 2 million bpd or 0.4…
The National Bureau of Statistics (NBS) says Premium Motor Spirit (PMS), popularly referred to as petrol, was more costly in Benue, Abia and Cross River in June. The NBS made this known in its “Premium Motor Spirit (Petrol) Price Watch…
Dr Ogbonnaya Onu, the Minister of Science and Technology, has said that local production of solar cells will slash the price of solar panels by 60 per cent. This is contained in a statement by Head, Press and Public Relations…
The Federal Government said it is targeting Nigeria’s dominance of the oil and gas market in the West African region with its ongoing Refinery Revolution and Decade of Gas initiative. The Director, Department of Petroleum Resources (DPR), Mr Sarki Auwalu,…
A China Energy Engineering firm has secured a 24-month, US$244 million engineering, procurement and construction contract for a 360 Megawatts, MW solar plant in Lagos, Nigeria. The Polysilicon maker and inverter company, known as TBEA, said the soaring polysilicon price…
The House of Representatives has shut down a motion asking the Federal Government to declare Bauchi State as an oil-producing state. The motion was sponsored by Yakubu Abdullahi. But when put to vote, a greater number of lawmakers voted against…
