LONDON (Reuters) – Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review,Read More

The Rivers State government and energy company, the Shell Petroleum Development Company of Nigeria Limited (SPDC), in Port Harcourt on Thursday, inaugurated the Egi/Igburu Cluster Development Board (CDB) for pipeline communities to SPDC’s Assa North Gas project. The SPDC’s Assa North Gas project has a capacity for 300 million standardRead More

…Says landlords’ bills shouldn’t be forced on tenants OpeOluwani Akintayo Lagos — The Nigerian Electricity Regulatory Commission, NERC, has urged customers who have been charged beyond the capped bill by electricity Distribution Companies or Discos to get in touch with it via writing as the Discos would be made to giveRead More

OpeOluwani Akintayo Lagos — Electricity distribution companies, DisCos will commence collection of full tariffs starting from 2021 following recent increment by the Nigerian Electricity Regulatory Commission, NERC. Latest tariff review documents issued to each of the 11 distribution companies by NERC, ‘Extraordinary Review of Multi Year Tariff Order 2015’ says 100Read More

  Five innovative teams were selected on Saturday as the winners of the Nigerian Oil and Gas Technology, NOGTECH Hackathon sponsored by the Nigerian Content Development and Monitoring Board, NCDMB. The teams are Fuel Intellisense, Homefort Energy, Gricd Mote, Kiakia Gas and Airsynq and their projects were picked as theRead More

The Managing Director of Eko Electricity Distribution Company (EKEDC) Engr. Adeoye Fadeyibi FNSE on Wednesday named among the lead judges at the ongoing Lagos Smart Meter Hackathon 2020.   The Smart Meter Hackathon is an initiative of the Lagos State Ministry of Energy and Mineral Resources in partnership with Eko Innovation Centre to design, develop, and produce smart meteringRead More

  Olatunde Dodondawa The Federal Government of Nigeria has secretly gazetted subsidy removal on premium motor spirit (PMS) otherwise called petrol without the involvement of key industry stakeholders. According to an investigation by Borderless News, a leading online newspaper, on March 20, 2020, with the approval of President Muhammadu Buhari, GCON,Read More

The Nigerian National Petroleum Corporation (NNPC) has extended for six months its contracts with private companies to swap crude oil for fuels, two sources familiar with the contracts told Reuters yesterday. In July 2019, in order to continue its exchange of crude oil for refined fuel, the Nigerian National PetroleumRead More

Following the deregulation of the downstream sector of the oil and gas industry with attendant increase in pump prices of petroleum products, the Nigerian National Petroleum Corporation (NNPC), has said alternative energy sources, especially Compressed Natural Gas (CNG) stations will be built across the country. In March this year, theRead More

The Nigerian Oil and Gas Technology, NOGTECH sponsored by the Nigerian Content Development and Monitoring Board, NCDMB has commenced the 3-day hackathon stage from Thursday in Lagos, with 15 teams contesting for the opportunity to emerge among the top five finalists. Upon emergence, the top five teams will undergo aRead More