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Shell and ScottishPower 5 GW of floating Wind Power to Fast-Track UK’s Transition Towards Net-Zero

…….. positions UK as the global leader in offshore wind……. Shell and ScottishPower 5GW wind power project to fast- track UK’s transition towards Net-Zero carbon emission campaign. The two firms have secured joint offers for seabed rights to develop large-scale floating wind farms as part of Crown Estate Scotland’s ScotWind leasing. The partners have won two sites representing a total ...

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Gencos Record N304bn Payment Shortfall in Nine Months – NERC Report

Power generation companies were paid a total of N311.1bn after providing an invoice of N614.6bn for electricity supplied between January and September 2021, the Federal Government has said. The government, however, stated that it had to augment the payment to the Gencos with a total of N129.83bn Payment Assurance and that this was for between January and June. Data from ...

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Oando Appoints Clean Energy Expert into Board to Drive Renewable Business

Following its recent foray into clean energy which is now one of its strategic business units (SBUs), Oando Energy Resources, has appointed an environmentalist, Mrs. Nana Mede, into its board of directors. The energy solutions provider announced Mede’s appointment in a statement issued on Sunday, adding that she would bring her expertise to ensuring the company’s clean energy ambitions were ...

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FG Baccks NLNG’s Suspension of Cooking Gas Exports

The Federal Government on Monday endorsed and commended the Nigeria Liquefied Natural Gas Limited for its decision to suspend the export of Liquefied Petroleum Gas, popularly called cooking gas, while approving 100 per cent domestic supply of the product. The Minister of State for the Environment, Chief Sharon Ikeazor, said the initiative was a welcome development and a step in ...

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FG Backs NLNG’s Suspension of Cooking Gas Exports

The Federal Government on Monday endorsed and commended the Nigeria Liquefied Natural Gas Limited for its decision to suspend the export of Liquefied Petroleum Gas, popularly called cooking gas, while approving 100 per cent domestic supply of the product. The Minister of State for the Environment, Chief Sharon Ikeazor, said the initiative was a welcome development and a step in ...

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IPMAN BOT Warns Against Proposed Illegal Inauguration of Parallel NEC Members

The Board of Trustees of the Independent Petroleum Marketers Association of Nigeria (IPMAN) had a meeting and warned against a proposed illegal inauguration of parallel National Executive Committee (NEC)on 18th January, 2022 in Abuja. The IPMAN Board of Trustees Secretary, Mr Tunji Adeniji gave the warning on Monday in a statement, against the backdrop of a purported invitation to inaguration ...

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Marketers Allege Manipulation in Price of Cooking Gas

Liquefied Petroleum Gas (LPG), popularly known as cooking gas, have decried the continuous rise in the price of the item, saying prices now rise by N550,000 per truck daily. The marketers also alleged possible manipulation in the LPG supply system by persons who might be causing the constant increase in prices, despite the claim that the 7.5 per cent Valued-Added ...

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NEPZA to Partner Institute to Reposition Multi-billion-Naira Precious Stones Industry

In a bid to reposition the country’s jewelries and gemological industry, the Nigeria Export Processing Zones Authority (NEPZA) has said that it is on the verge of convincing the Ministry of Solid Minerals and the Gemological Institute of Nigeria to jointly adopt the free trade zone model to customise the exploration, refining, production and the marketing of variety of expensive ...

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Fuel Subsidy Crisis: States Kick as NNPC Continues Deductions.

……….As FAAC meet this Week Wednesday………. There are strong indications that state and federal governments are again on a collision course as the Federation Account Allocation Committee holds its first meeting in 2022 on Wednesday. State officials, who spoke to our correspondents on Sunday, faulted the Nigerian National Petroleum Corporation’s continued deductions from FAAC funds to finance fuel subsidy, saying ...

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60 Communities Benefit from NPDC Scholarship Scheme in Edo, Delta

No fewer than 60 communities across Edo and Delta are benefitting from the Nigeria Petroleum Development Company Limited (NPDC) annual scholarship scheme organised for its host communities. Mr Dahiru Abubakar, Manager, Community Relations Department, NPDC, made this known on Saturday during the conduct of the year 2020/2021 scholarship examination organised by NPDC in Warri, Delta. Represented by the team Lead ...

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