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Author Archives: admin

Lagos communities to experience 6 hours outage – EKEDC

The management of Eko Electricity Distribution Company (EKEDC) on Wednesday announced a six-hour planned outage in some communities in Badagry, Lagos State. The General Manager, Corporate Communications, EKEDC, Mr Godwin Idemudia, said in a statement, that the outage would start between 10:00 a.m. and 4:00 p.m on Saturday, Oct. 23. Idemudia said the outage was to allow the Transmission Company ...

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SCAM ALERT: NNPC Disclaims Fake 50th Anniversary Quiz Contest

The Nigeria National Petroleum Corporation (NNPC) has disowned a fake quiz competition trending online which claims to celebrate its 50th anniversary. In the purported quiz contest, unsuspecting participants are encouraged to answer four questions on their knowledge of the Corporation, with the eventual winner standing the chance of winning some cash reward of up to N30,000. The NNPC wishes to ...

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ExxonMobil Unit Shuts In Production Site Over Labor Dispute

…….Workers negotiating remuneration package ahead of planned sale……A unit of Exxon Mobil Corp. in Chad has temporarily shut in production after its facilities were attacked over ongoing talks to sell the business to London-based Savannah Energy. Workers have been protesting while in negotiation with the leadership of Esso Exploration and Production Chad Inc. about their remuneration package ahead of the ...

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Oil Prices Dip As China Considers Market Intervention

Oil prices dropped early on Wednesday after China said it was considering an intervention on the domestic coal market to reduce the record prices down to a “reasonable range.” As of 7:56 a.m. EDT on Wednesday, before the weekly EIA inventory report, WTI Crude prices were down 1.11% at $82.04, and Brent Crude was trading down by 0.96% to $84.26. ...

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Climate Change : OPEC Seeks Technological Solutions to Carbon-Free-World

………….by Jenifer Dike………. The Secretary General, Organisation of Petroleum Exporting Countries (OPEC), Sanusi Barkindo, has highlighted the need for an inclusive, comprehensive and just solution within the context of sustainable development to steer climate change mitigation efforts. Barkindo highlighted that the oil industry has always been a leader in driving innovation and efficiency. “The oil industry is uniquely placed to ...

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Barkindo Advocates Deployment of Technology to Tackle Carbon Emissions

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, has advocated the deployment of modern technologies such as the Carbon Capture Utilisation Storage (CCUS) instead of pushing for a wholesale abandonment of fossil fuels. Speaking at the Annual Legal Workshop of the Energy Charter Secretariat (ECS) and the OPEC Fund for International Development (OFID), the ...

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FG Says LPG Market Growing, Despite Tightening Gas Supply, Rising Prices

Despite soaring cooking gas prices, which the Nigerian National Petroleum Corporation (NNPC) recently attributed to short supply of the commodity, the Petroleum Products Pricing Regulatory Agency (PPPRA), yesterday stated that the market has continued to grow beyond expectations. In a statement in Abuja, yesterday, signed by the General Manager, Corporate Services, PPPRA, Kimchi Apollo, the organisation stated that Nigeria presently ...

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Port Infrastructure: NPA Upgrades Control Tower

The management of the Nigerian Ports Authority (NPA) is poised to ensure optimal utilisation of its facilities across the nation’s seaports, according to the Acting Managing Director, Mr Mohammed Bello-Koko. He made this known in a statement on Monday in Lagos, saying that this was with a view to position the ports on a competitive edge in the West and ...

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FG Inaugurates CEOs of New Petroleum Agencies as DPR, PEF, PPPRA now Scrapped

The leadership of the Nigerian Upstream Regulatory Commission (NURC) as well as the Nigerian Midstream and Downstream Regulatory Authority (NMDPRA) have been officially inaugurated by the Federal Government. With this development, the Department of Petroleum Resources (DPR), Petroleum Equalisation Fund (PEF) and Petroleum Products Pricing Authority (PPPRA) have been Scrapped and ceased to exist and their assets and liabilities transferred ...

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NNPC Pipeline Security, Maintenance Gulp N32.56 Billion in Six Months

Nigerian National Petroleum Corporation has said it spent a total of N32.56bn on pipeline security and maintenance from February to July this year. The NNPC spent N5.81bn on pipeline security and management in February; N5.32bn in March; N2.64bn in April; N5.26bn in May; N6.17bn in June, and N7.35bn in July. A total of 261 pipeline points were vandalised in the ...

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