Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions, according to International Energy Agency, IEA, report. Fossil fuels drive the companies’ near-term returns, but failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability. In a document sent…
The Department of Petroleum Resources (DPR) on Monday said it was investigating with other relevant stakeholders the Jan. 19 pipeline explosion at Ile Epo, in Abule Egba axis of Lagos State. The DPR, which is the regulator of the petroleum industry, made the announcement in a statement issued by Mr Paul Osu, Head, Public Affairs…
Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC) says the corporation is working with security agencies to reduce incidents of pipeline vandalism in the country to the barest minimum, describing the problem as a major national security concern. Kyari spoke on Monday during an inspection visit to the scene of the Jan….
The Minister of Power, Mr Sale Mamman, has called for coordinated efforts among stakeholders to address the growing challenges in the power sector and propel it to a viable path of development. Mamman made the call at the 11th International Conference on Energy, Power Systems Operations and Planning (ICEPSOP 2020) in Abuja on Monday. The…
The Managing Director, Kano Electricity Distribution Company (KEDCO), Alhaji Jamilu Gwamna, says the company had lost energy supplied to it by regulators worth about N52 billion in 2019. Gwamna reveled this in Kano while unveiling the new Customer Strategy and Company award and Empowered Conference. He explained that KEDCO cannot meet its obligations with the…
The Federal Government has filed a fresh 42-count charge against former Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Bello Adoke and six others over alleged fraud in the $1.1 billion Malabu oil deal. Adoke is being charged alongside Rasky Gbinigie, A. Abubakar, Malabu Oil and Gas Limited, Nigeria Agip Exploration Limited,…
The Transmission Company of Nigeria (TCN) says the national grid has been fully restored after the system collapse which occurred on Thursday, The collapse occurred while the grid was recovering from an earlier partial system disturbance. Mrs Ndidi Mbah, the TCN General Manager, Public Affairs, made this known in a statement in Abuja on Friday….
A cross-section of some of the Shell Nigeria Sabbatical and Research Internship participants during a visit to a Shell Petroleum Development Company Joint Venture flow-station in Port Harcourt, Rivers State as part of their induction programme. Thirty-one Nigerian academics and research interns including nine professors and four senior lecturers were last week inducted for a one-year sabbatical programme and…
The Nigerian Content Development and Monitoring Board (NCDMB) and Waltersmith Petroleum Oil Limited will assist Equatorial Guinea to develop modular refineries in the central African nation, so it can process some of its crude oil and derive increased value from the hydrocarbon resources. The bi-lateral cooperation was confirmed on Saturday after the Executive Secretary of…
Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest crude users, may not lead to more fuel demand as the U.S. intends to keep tariffs on Chinese goods in place. U.S. Treasury Secretary Steven Mnuchin said late on Tuesday that the…
