Energy

Petrol tankers

Fuel crisis looms in FCT, other northern states as tanker drivers strike

Energy, Oil & Gas September 17, 2020 at 9:14 am Comments are Disabled

Petroleum Tanker Drivers (PTD) have ordered an immediate halt of lifting and distribution of petroleum products from Lagos to the northern part of the country until further notice. In a statement by its National Chairman, Otunba Salimon Oladiti, PTD said the action became necessary following the decision of the NigerRead More

Shell Logo

SPDC’s oil production hits 514,000 bpd – Report

Energy, Oil & Gas September 17, 2020 at 9:09 am Comments are Disabled

The Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per day (bpd) and developed an additional capacity to produce more. Mr. Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed the production data in the oil firm’s 2020 briefingRead More

Auwal Ibrahim Musa

Ogoni cleanup: CISLAC faults HYPREP’s 70% completion claim

Energy, Oil & Gas September 17, 2020 at 9:01 am Comments are Disabled

OpeOluwani Akintayo Lagos — The Civil Society Legislative Advocacy Centre, CISLAC has expressed concern over the ongoing cleanup in Ogoniland, Niger Delta, especially the 70 percent completion claim alluded to by the Hydrocarbon Pollution Remediation Project, HYPREP. During a media update briefing on Tuesday, the civil society group’s Executive Director, AuwalRead More

NNPC

Litigation: NNPC’s Legal Team Saves Nigeria About $5Bn

Energy, Oil & Gas September 16, 2020 at 1:26 pm Comments are Disabled

  Yemisi Izuora The Nigerian National Petroleum Corporation, NNPC, has disclosed that its legal team has saved the country about $5 billion. The Litigation Team of the Corporation,  has also won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards. In a statement the Corporation’s Group General Manager,Read More

Nigeria’s marginal fields acreage

OML54: Host communities accuse NDPR of operating non-functional MoU

Energy, Oil & Gas September 16, 2020 at 12:01 pm Comments are Disabled

Port Harcourt — Ekpeye Oil, Gas and Pipelines Host Families Association, says the Memorandum of Understanding, signed between Niger Delta Petroleum Resources, NDPR, and the host communities of Ogbelle, Obumeze, and Oshibokor, is not functional. Chairman of the Association, Chidi Dogini, who disclosed this, accused the oil firm of deploying whatRead More

Oil workers protest against NNPC’s GMD, Mele Kyari in Port Harcourt

Oil workers protest in Port Harcourt, demand Kyari’s sack over moribund refineries

Energy, Oil & Gas September 16, 2020 at 11:42 am Comments are Disabled

Mkpoikana Udoma  Port Harcourt — A protest by three oil unions in the country is currently ongoing outside the Port Harcourt Refinery complex, with the oil workers demanding the removal of the Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Mele Kyari. The unions are the Petroleum Tanker Drivers, PTD, anRead More

Eko Electricity Distribution Company

EKEDC sorts customers into 5 bands for Optimum services, freezes tariff hike for 2

Energy, Power September 16, 2020 at 11:30 am Comments are Disabled

Eko Electricity Distribution Company (EKEDC) has announced grouping of its customers into five service bands depicting the quantity and quality of supply they receive. General Manager, Corporate Communications of the Company, Godwin Idemudia, who declared this in a chat with newsmen, noted that this is for quality service delivery in line with promise made onRead More

President Muhammadu Buhari

FG’s N250b gas intervention fund targets CNG, LPG as alternative fuels

Energy, Oil & Gas September 16, 2020 at 11:04 am Comments are Disabled

The Federal Government has stated that its N250 billion intervention facility for the national gas expansion programme is targeted at making Compressed Natural Gas (CNG) the fuel of choice for transportation and Liquefied Petroleum Gas (LPG), domestic cooking, captive power, and small industrial complexes. To this end, the Central BankRead More

OPEC

OPEC hinges oil demand recovery on China’s consumption as prices drop

Energy, Oil & Gas September 16, 2020 at 10:58 am Comments are Disabled

The Organization of the Petroleum Exporting Countries (OPEC), has said oil demand growth in China is currently the only certainty for rebound, with consumption in the country seen rising through the remainder of 2020 and recovering completely in 2021. According to OPEC Secretary-General, Mohammed Barkindo, the rest of Asia willRead More

Comrade Quadri Olaleye

TUC issues 7-day ultimatum over new tariff, petrol price

Energy, Oil & Gas, Power September 15, 2020 at 10:47 am Comments are Disabled

Trade Union Congress (TUC) has given the federal government 7-day ultimatum to reverse the hike in prices of electricity, petrol and all other social services in the country to status quo ante (prior to increase).   In a statement signed by Comrade Quadri Olaleye, President of TUC and Comrade (Barr)Read More