The Nigerian National Petroleum Corporation (NNPC) with its joint venture partners, Shell Production Development Company (SPDC) and Belema OIL, have resolved the dispute on the operation of Oil Mining Lease (OML) 25. The feuding group at the signing of the dispute closure agreement in Abuja, on Tuesday agreed that operations at the oil well would…
…applauds industry organizations and professional bodies endorsement of N.I.P.S.‘ H.E Timipre Sylva the Nigeria’s minister of state for petroleum resources has said that he is ready to host local and international players and executives across the various sub-sectors and disciplines in the energy, oil and gas vast value chain including exploration and production…
Alhaji Fasasi Adekunle, President, Fishermen Association of Lagos State on Monday said that activities of multi-national companies on the high sea had led to water pollution and dearth of fish. Adekunle said in Lagos that multi-national companies were causing oil spill and chemical pollution which had driven fishes far into the deep sea. According to…
Oil surged to four-month highs on Monday after weekend attacks on crude facilities in Saudi Arabia sparked supply fears, while shares in Asia extended losses as bleak economic data from China sapped investors’ appetite for riskier assets. European and U.S. stocks market looked set to follow, with Eurostoxx 50 futures slipping 0.7 per cent, while…
Saudi Arabia that shut 5 per cent of global crude output caused the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said Washington was “locked and loaded” to retaliate. The Iran-aligned Houthi movement that controls Yemen’s capital claimed responsibility for the attack, which damaged the world’s biggest…
The Nigeria Electricity Management Service Agency (NEMSA) on Monday cautioned electricity consumers to out rightly reject any meter without certification. The agency’s Managing Director, Mr Peter Ewesor, said in Lagos that the clarification had become necessary, due to allegations made by some distribution companies. According to him, some distribution companies have alleged that NEMSA is…
The Shell Petroleum Development Company of Nigeria Limited (SPDC) says it has deployed state-of-the-art high definition cameras for quick detection and response to crude oil theft and spills from its facilities. Mr Igo Weli, SPDC General Manager, External Relations disclosed this at a workshop on Monday tagged: “2019 Pipelines Right of Ways Media Engagement” in…
The Nigerian Electricity Regulatory Commission (NERC) says the 11 Electricity Distribution Companies (DisCos) received 151,938 complaints nationwide in the first quarter of 2019. The information is contained in the First Quarter Report obtained from the website of NERC, the regulator of the industry, in Abuja on Monday. The report said that the figure reflected an…
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,306 MegaWatts/Hour of electricity into the national grid on Sunday . The Advisory Power Team, Office of the Vice President, disclosed this in a daily energy report made available on Abuja on Monday. The report noted that the electricity sent out…
The U.S. on Monday kept the pressure on Iran, accusing it of perpetrating a damaging attack on Saudi oil refineries even as rebel fighters in Yemen doubled down on their claim of responsibility. The drone attacks on Saturday, which caused fires at two facilities operated by Saudi state oil giant Aramco in the eastern province…
