The Department of Petroleum Resources (DPR) has launched new upstream guidelines with the aim to promote efficiency, transparency and accountability in the sector. Speaking at the Annual Rig & Vessel Stakeholders Regulatory Workshop in Lagos on Thursday, the Director of DPR, Engr. Sarki Auwalu, stated that the guidelines will guide operators on what is expected…
Oando listed on both the Nigerian and Johannesburg Stock Exchange, through its upstream subsidiary has signed two Gas Supply Agreements (GSA). The agreements were signed with the Nigeria Liquefied Natural Gas Ltd (NLNG), for the renewal of gas supply for the existing Trains 1-3 for a term of 10 years and for gas supply for…
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…
The Nigerian Electricity Regulatory Commission (NERC) says only three out 11 Electricity Distribution Companies in the country had metered more than 50 per cent of electricity customers under their coverage areas as at June 2019. NERC, the regulator of the power industry, said the DisCos were Abuja Electricity Distribution Company , Benin Electricity Distribution Company…
Throughout 2019 Africa has led licensing round activity; looking forward to 2020 this is set to continue, however results of the recent rounds have had limited success in a global context, according to GlobalData, a leading data and analytics company. The company’s report, ‘Q4 2019 Global Bid Round Outlook – US Dominating Current & Upcoming…
By Ikenna Omeje President Muhammadu Buhari has appointed Sarki Auwalu as the substantive director of the Department of Petroleum Resources (DPR). He is to replace Ahmed Shakur who was appointed Acting Director of the regulatory body in June this year following the expiration of the tenure of the former Director, Mordecai Ladan. This was contained…
French oil major Total said production at its 253,000 barrel-per-day Gonfreville Normandy refinery in northern France was partially halted following a fire that broke overnight. Deliveries of refined products are continuing and petrochemical units are operating normally, the group said in a statement. The fire that broke out at 0300 GMT at Gronfreville, Total’s biggest…
Indigenous oil and gas companies have accessed 70 percent of the Nigerian Content Development Monitoring Board, NCDMB’s, $200 million local content fund. This was revealed by the Board’s General Manager, Corporate Communications & Zonal Coordination, Dr. Ginah O. Ginah at the capacity building workshop for media stakeholders in Lagos. The Nigerian Content Intervention, NCI, fund…
The National Inland Waterways Authority, NIWA, has commenced moves to reduce the rate of boat accidents across the country with a view to making water transport a preferred mode of transport. The agency also said that it will sanction owners of rickety boats and enforce the laws on boats that not compliant to safety standards….
A call has been made to the Federal Government to reduce the cost of establishment of the proposed modular refinery, in order to enable repentant artisanal refiners in the Niger Delta own the facilities. Non-governmental groups known as Youths and Environmental Advocacy Centre, YEAC, and the Society for Women and Youths Affairs, SWAYA, said…