The electricity generating companies (GenCos) under the auspices of the Association of Power Generating Companies (APGC) have threatened to declare force majeure and relieve themselves of all market obligations should the proposed 0.75% gas payment administrative charge by the Nigerian Bulk Electricity Trading company (NBET) be implemented, describing the charge as unregulated and extortionist. Briefing…
The Port Harcourt Electricity Distribution Company (PHED) said over 100,000 customers have received meters in the last two years. Chief Executive Officer of PHED, Naveen Kapoor said y at the official flag off of Meter Asset Provider, (MAP) that the already metered customers were in the Uyo. He said the aim of the MAP was…
The federal government has announced plans to raise daily crude production to three million barrels. It further unveiled key areas that will help realise its transformation agenda in the oil and gas industry. One of the critical measures is ensuring the conclusion of work and the immediate passage of the Petroleum Industry Governance Bill (PIGB)…
As Heads of Agencies of the Ministry of Petroleum Resources Collectively Sign Off on 10 Top Priority Areas and Deliverables. The Honourable Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva has unveiled his roadmap and deliverables for the oil and gas sector and haRoads expressly sought and received the commitment of the Agencies…
The Nigerian National Petroleum Corporation (NNPC) has boosted access of Ilorin, Kwara State, and its environs to petroleum products supply as the corporation’s Group Managing Director, Mallam Mele Kyari, re-commissioned the Ancient City’s NNPC Depot. The Ilorin Depot is part of the corporation’s System 2B Pipeline Network knocked down more than eight years ago due…
The Department of Petroleum Resources (DPR), says it has sealed 12 filling stations in Sokoto and Kebbi states for under dispensing and operating without valid licence. Mr Muhammad Makera, the Zonal Operations Controller of DPR in charge of Sokoto and Kebbi states, made the disclosure on Saturday in Sokoto . Makera said the erring stations…
The Association of Power Generation Companies(APGC) says the 0.75 per cent administrative charge on gas and transportation imposed on thermal generation companies will add additional burden to their operations. Mrs Joy Ogaji, the Executive Secretary of APGC, made this known in a statement issued in Abuja on Sunday. She said the Nigeria Bulk Electricity Trading…
The Nigerian National Petroleum Corporation (NNPC) says it has signed a 875.75 million dollar funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development Company(NPDC) operated Oil Mining Lease (OML) 65. The Corporation in a statement by its spokesman Mr Ndu Ughamadu in Abuja on Sunday, said it signed the deal…
The Minister of State, Petroleum Resources, Chief Timipre Sylva has reiterated Federal Government commitment towards implementation of the oil and gas ‘7 Big Wins’ This was contained in a statement issued by Mr Paul Osu, Head, Public Affairs Department of Department of Petroleum Resources (DPD) and made available in Lagos. Osu said that Sylva emphasized …
Experts in the oil and gas sector have appealed to the Federal Government to provide non- cash guarantees for developers of modular refineries, to attract both foreign and local investors. The experts made the appeal in separate interviews in Lagos on Saturday, against the backdrop of funding challenges facing construction of modular refineries in the…
