President Muhamadu Buhari has appointed three new Executive Directors to join the MD/CEO and other two Executive  Directors of Niger Delta Power Holding Company, NDPHC Limited in steering the affairs of the company and to boost power infrastructure capacity in the country. The three additional Executive Directors appointed are forRead More

…project creates 300 jobs The Nigerian Content Development and Monitoring Board, NCDMB has commended Total Exploration and Production Nigeria, TEPNG, and Pipe Coaters Nigeria, PCN Limited for the local content strides being recorded on the Total Ikike Line Pipe Coating Project, which is ongoing at PCN facility in Onne FreeRead More

As part of concerted efforts to ramp up gas-to-industries and gas-to-power in the country, the Nigerian National Petroleum Corporation (NNPC) has revealed that the Asa North-Ohaji South (ANOH) gas project, one of the largest greenfield gas condensate development projects ever undertaken in Nigeria, was expected to produce 600million standard cubicRead More

  Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019. A statement by the Corporation’s spokesman, Dr. Kennie Obateru, quotedRead More

LAGOS, OCTOBER 14- Association of Energy Correspondents of Nigeria, NAEC, will on Friday play host to the Major Oil Marketers Association of Nigeria, MOMAN as it flags off the first discourse in its webinar series for 2020. Themed: ‘Challenges and Impact of a Deregulated Downstream Sector on Nigeria’s Economy’, MOMANRead More

Despite Nigeria’s vast gas potential- 203 trillion cubic feet proven gas reserve, and a potential of 600 trillion cubic feet, it currently produces just 22 metric tons per annum with an output of 7294 million standard cubic feet per day. A production of 22 metric tons per day amounts toRead More

The Organisation of Petroleum Exporting Countries (OPEC) has projected that despite the growing need for renewables as a source of energy, crude oil, and its associated products will remain the largest contributor to the energy mix in the next 25 years. In its annual World Oil Outlook (WOO) 2020, releasedRead More

Retailing stations operated by the Nigerian National Petroleum Corporation (NNPC) would have the Compressed Natural Gas (CNG) by December, Group Managing Director (GMD) Malam Mele Kyari, said on Monday. According to him, the deployment will be extended to independent retail stations as the NNPC plans to replicate the plants inRead More

Government will also provide a tariff relief package of about N10.20 per kilowatt-hour for certain categories of electricity consumers for the next three months and free distribution of about six million prepaid metres to consumers. The federal government and labour unions have agreed to use proceeds from Value Added TaxRead More

The Federal Government has announced the suspension of new electricity tariffs by another one week. The decision was taken on Sunday in Abuja at the resumed negotiation between the Federal Government and Labour. The revised Terms of Reference (ToR) for the second phase includes review inputs to the MYTO modelRead More