The Nigerian National Petroleum Corporation (NNPC) has signed a contract with Maire Tecnimont S.p.A., an Italian Company, for the rehabilitation of the Port Harcourt Refinery Company (PHRC). The Group Managing Director, NNPC, Malam Mele Kyari, at the signing of the…
Oil producing states in the country received a total of N454.35 billion from the Federation Account in 2020, under the 13 per cent Derivation Principle, according to data obtained from the Central Bank of Nigeria (CBN). The oil producing states…
The Kano Electricity Distribution Company (KEDCO) on Tuesday said that meters issued out under the ongoing zero phase are free and should not be paid for by customers. Mr Ibrahim Shawai, the Head of Corporate Communications of KEDCO, stated this…
Power generation companies received N81.14bn as payment assurance from the Nigeria Electricity Bulk Trading Plc in 2020, the Nigerian Electricity Regulatory Commission has said. NERC disclosed this in its latest Key Operational and Financial Data of the Nigerian Electricity Supply…
The upturn in the price of the international oil benchmark, Brent crude, has pushed Nigeria’s oil revenue above the estimate in the 2021 budget. Brent, against which the country’s crude oil is priced, has been trading more than $20 higher…
The Centre for Peace and Environmental Justice on Monday said the failure of Chevron Nigeria Limited to accept responsibility for the Gbaramatu oil spill was to undermine the wellbeing and environment of people living in the affected communities. CEPEJ said…
The Shell Petroleum Development Company (SPDC) has confirmed oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the state capital. The company’s Media Relations Manager, Bamidele Odugbesan, confirmed the incident in an interview with journalists in Yenagoa on Friday.…
A Fellow, Nigerian Society of Engineers, Mr Abiodun Oyedepo, has urged the government to employ multiple energy sources, including renewable energy, to address the challenges confronting power sector. Oyedepo stated this at the investiture of Mr Olayiwola Oyelade as the…
The Department of Petroleum Resources (DPR) has called on motorists and users of Premium Motor Spirit (PMS) to desist from panic-buying during the Easter holidays. Mr Okiemute Akpomudjere, Operations Controller of DPR in Anambra State, said this in an interview…
Oil-producing countries grouped together under the OPEC+ alliance led by Saudi Arabia and Russia agreed on output increases as of next month at a ministerial meeting on Thursday. A statement from the alliance said that they had agreed to boost…
