…….by Musa Ibrahim………. President Mohammadu Buhari is insisting on a price of the autogas as he launches the scheme compelling the Minister of State for Petroleum Resources, Chief Timipre Sylva to work out the price of the gas fuel. According to the Minister Nigerians will be encouraged to migrate to the scheme as the price of the autogas is expected ...

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 ...

Nigeria has lost about $1 billion (N379 billion) which is a cumulative value of gas lost to gas flaring within a 10-month period in the year 2020. It indicated that oil and gas firms operating in the country flared 286.8 billion standard cubic feet, SCF, of gas between January and October 2020. However, according to gas flare data obtained from ...

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 ...

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and Major Oil Marketers Association of Nigeria (MOMAN) have dismissed the claims that their huge bank credit exposure worth N4 trillion on Liquid fuel are part of their challenges to participate in the autogas scheme The scheme billed to be launched tomorrow Tuesday, December 1 by President Mohammadu Buhari is ...

Top energy decision makers from across the Organisation of Petroleum Exporting Country (OPEC) are scheduled to meet today in furtherance of the 23-nation network’s consideration oil output. Today’s full OPEC ministerial meeting comes ahead of tomorrow’s meeting between OPEC and its allies, a 23.nation network otherwise known as OPEC+. Saudi Arabia and Russia had at the weekend summoned the OPEC+ ...

The Nigerian Association of Petroleum Explorationists (NAPE) has raised the alarm that the failure of the country to sign the much awaited Petroleum Industry Bill (PIB) has led to delay in the Final Investment Decision (FID) for over $30 billion projects. The $30 billion FID projects delay is contained in the communique of the 27th pre-conference workshop of NAPE, with ...

he nation’s power grid has collapsed and Nigeria thrown into darkness The power grid was said to have collapsed in the early hours of Sunday. Eko Electricity Distribution Company, confirmed the collapse of the national grid collapse on Sunday via its Twitter handle. It explained that the current power outage was due to system collapse on the national grid. The ...

……petrol may hit N400 per litre……. ……..by Ben Ndubuwa…….,.. The federal government may impose taxes on the use of liquid fuel such as the Premium Motor Spirit (PMS) otherwise known as petrol as President Mohammed Buhari launches the autogas scheme on Tuesday, December 1, 2020. This move is also to encourage the use of autogas as it is cheaper an ...

…….Offers 5 to 10 percent interest rate to solar companies to fund initiative………. In pursuit of economic recovery and implementation of the Economic Sustainability Plan (ESP), the federal government has announced the installation of N140 billion solar systems in five million homes this week. According to the government, beneficiaries of the initiative would be the under-served and off-grid communities across ...