Minister of State for Power, Mr Goddy Jeddy-Agba, on Friday, said that Nigeria’s economic growth was largely tied to constant power supply across the country. Jeddy-Agba stated this in Calabar during a retreat for heads of agencies and parastatals under the ministry. He said that some reports in 2017 showed that Nigeria ranked as the…
The Shell Petroleum Development Company of Nigeria (SPDC), on Friday said it was committed to remediation of sites impacted by an oil spill from its Trans Ramos export line in Bayelsa and Delta states. Oil spill which occurred on May 17, 2018 had impacted and polluted estimated area of 113.03 hectares in Aghoro and Odumodu…
The Ibadan Electricity Distribution Company has received various awards of excellence for its social responsibility initiatives. Its Chief Operating Officer, Mr John Ayodele, said in a statement on Friday that the University of Ibadan Teaching Hospital (UCH) gave one of the awards for efforts of IBEDC in the fight against neo-natal and infant mortality in…
Ministers from major oil-producing countries are gathering in Vienna on Thursday to bridge divisions over their output strategy next year, when demand for oil from the Organisation of the Petroleum Exporting Countries (OPEC) is expected to fall. Oil ministers from the 14 OPEC countries will try to draw up a strategy on Thursday at the cartel’s…
The Private sector collaboration with government on renewable energy is the fastest way to jump start Nigeria’s economy, a Power Electronics Specialist, Mrs Peace Ibe, has said. Ibe, who is the Director, Nexgen Energy and Allied Service Limited, stated this in Ibadan on Thursday. “Nigeria can indeed become a 24-hour economy, if we maximise the…
The Department of Petroleum Resources (DPR), Eket Field Office, has sealed the Nigerian National Petroleum Corporation (NNPC) filling station in Uyo for discharging petroleum products while selling the products to motorists. The Operations Controller of DPR in Akwa Ibom, Mr Tamunoiminabo Kinsgley-Sundaye, disclosed to this Journalists while on routine surveillance in Uyo on Thursday. He…
OPEC and its allies led by Russia on Thursday were moving closer to agreeing one of the deepest output cuts this decade to support crude prices and prevent a glut, sources from OPEC said. The Organisation of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna and with Russia and others, a grouping known…
The Department of Petroleum Resources (DPR) has promised to make efforts aimed at ensuring that its consumers have adequate supply of petroleum products during the upcoming Yuletide. The DPR operations controller in Abia , Mr Austin Iheji, said this in Umuahia on Thursday. Iheji said that the DPR was embarking on an inspection of petrol stations in…
The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja reported an oil pipeline fire outbreak along Atlas Cove-Mosimi Pipeline, otherwise, called System 2B pipeline in Baruwa Swamp area of Lagos. The corporation said preliminary reports of the incident indicated that the pipeline might have been torched by act of vandalism of suspected oil thieves who had hacked…
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote, says Seplat Petroleum Development company Plc has not broken any law by its appointment of Mr. Roger Brown as CEO-Designate to replace current CEO, Mr. Austin Avuru. He said this at the ongoing 9th Practical Nigerian Content Conference hosted by the NCDMB…