Oil fell on Monday after Russia said an OPEC-led pact may consider easing output cuts next year, but prices held near recent three-month highs on hopes for a trade deal between the United States and China. Brent crude LCOc1 was down 19 cents, or 0.29 per cent, at 65.95 dollars per barrel by 1010 GMT…
The Department of Petroleum Resources in Bayelsa says it has sealed three petrol stations in Yenagoa for under dispensing and lack of basic operational equipment. News Agency of Nigeria (NAN) reports that the exercise took place when officials of the department, led by the Assistant Chief Officer Administration in the state field office, Mr Oshodi…
UKAID/Department for International Development (DFID) under its Modern Energy Cooking Services -Technology Research Innovation for International Development [MECS-TRIID] in conjunction with the Centre for Climate Change and Development, Alex Ekwueme University, Ebonyi State, has partnered with Techno Oil for the Enhancement of LPG, distribution and re-circulation of Techno Oil LPG cylinders to two rural communities…
Mr Oluyemi Olaonipekun, the Operations Controller of the Department of Petroleum Resources (DPR) in Ibadan, has advised residents not to panic as petrol and other petroleum products would be available at official rates. Olaonipekun stated this in Ibadan on Monday in an interview. He said: “I want to assure you that there will not be…
The Department of Petroleum Resources (DPR) on Monday advised Lagos residents to shun panic buying and stockpiling of petroleum products at home during the Yuletide. The DPR, which is the regulator of the petroleum industry, also assured the residents that there would be no scarcity of products before, during and after the Christmas and New…
L-R: General Manager, Conventional Oil and Gas of Shell Petroleum Development Company (SPDC), Toyin Olagunju; Managing Director, SPDC, and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor; Imo State Governor, Sir Emeka Ihedioha; the Deputy Governor, Gerald Irona; Chairman of Imo State Oil and Gas Committee, John Ottih; and SPDC’s General Manager External…
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government will continue to support efforts to ensure the take-off of Waltersmith Modular Refinery by May 2020 Sylva gave the assurance during an inspection tour of the refinery construction site located in Ohaji/Egbema Local Government Area of Imo State. The Modular refinery…
… As Corporation’s Monthly Financial Operations Report Marks 50thEdition The Nigerian National Petroleum Corporation (NNPC) has announced crude oil and gas export sale of $355.93million in September 2019, indicating a significant increase of 52.84 per cent, compared to the August, 2019 figure of $232.87million, a release by the corporation’s Acting Group General Manager, Group Public…
In the bid to improve the quantum and quality of power being supplied to customers, BEDC Electricity Plc. (BEDC) seeks to engage with power generation companies within and outside Nigeria specializing in embedded generation in order to achieve its aims and objectives. According to the Management in a statement, BEDC desires to partner such companies…
Mrs Olayinka Abe, the Forum Secretary of the Nigerian Electricity Regulatory Commission (NERC), Ibadan says it has resolved a total of 435 out of the 580 complaints it received on electricity from January till date. Abe, who made the on Sunday in Ibadan, said that this amounted to about 75 percent of the complaints. She…