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Author Archives: admin

We’re Committed to Quality service – Total Nigeria

Total Nigeria Plc has said it remains committed to quality service in the downstream sector of the nation’s oil and gas industry. The oil firm said this on Wednesday in a statement to announce that it would be celebrating its Africa Customer Week next week. It said, “The Total Africa Customer Week provides the company an opportunity to pause, actively ...

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Court Adjourns OML 29 Suit Against Aiteo Untill Feb.25

A Federal High Court in Yenagoa on Wednesday, adjourned untill Feb 25, 2021, a suit against Aiteo Exploration and Production Limited, pending a Court of Appeal ruling. Justice Abimbola Awogboro had on March 3, 2020 declined to stop proceedings in the ongoing litigation by Nembe Communities, hosts to Oil Mining Lease (OML 29) over the adverse impact of oil exploration. ...

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Fresh Review Of Discos’ Capital Expenses, Tariff Imminent

The Nigerian Electricity Regulatory Commission (NERC) may again review the capital expenditure of the 11 respective electricity distribution companies (Discos) in the country’s power sector. The exercise is expected to also impact on the Discos’ tariffs. The Commission stated this in a recent notice it sent to stakeholders, which it explained would be in line with its statutory bi-annual review ...

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MOMAN Lauds Autogas Scheme, Seeks Incentives to Encourage Investment

…………..by Jenifer Dike…………. The Major Oil Marketers Association of Nigeria (MOMAN) has lauded the autogas scheme saying the scheme by the Federal Government will bring long-term economic benefits to the country if sustained adding that government should support gas expansion programme with adequate financial incentives to encourage investment into the scheme. MOMAN’s Chairman, Mr Tunji Oyebanji, made the assertion on ...

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Autogas: NNPC Pledges to Provide Free Conversation Services to Motorists

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Engr. Mele Kyari has said that the corporation is going to provide free conversion services in some selected NNPC retail filling station in the country. This is part of the effort of the corporation aimed at assisting interested motorists to switch from Premium Motor Spirit (PMS) popularly known as petrol to ...

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OPEC Seeks Oil Recovery, Continues Production Cut Talks

The Organisation of the Petroleum Exporting Countries will, on Tuesday, continue its discussion on the extension oil production cuts as it set its sights on “oil market stability in the interest of producers, consumers and the global economy”. OPEC members met via videoconference on Monday to discuss output quotas for the months ahead. The group said in a statement that ...

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NNPC Projects N11 Trillion Revenue for 2021, $14bn Industry Spending

The Nigerian National Petroleum Corporation plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 and 2023. According to a written presentation to the National Assembly by the NNPC, the estimated revenue for 2021-2023 was underpinned by a total base production of 1.864 million barrels of oil per day in ...

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