Energy 360 Africa, an indigenous downstream petroleum technology firm, has launched a portfolio of innovative fuel management systems that help small, medium and large businesses optimise fuel consumption thereby boosting revenue and maximizing profit. The Chief Executive Officer of Energy360 Africa, Abayomi Elebute, who made this known during the unveiling of the technology solutions in Lagos,…
The Nigerian Content Development and Monitoring Board, (NCDMB) has said the execution of Total Exploration and Production Nigeria’s Ikike Field Development Project would gulp at least $500 million and the project is expected to deepen Nigerian Content implementation, create huge work opportunities for local service companies and thousands of employment prospects for qualified young Nigerians….
Though the oil market witnessed significant surplus in the first half of 2019, much larger than previously expected, supplies are set to tighten in the second half of the year, but that may only be a hiatus before the glut returns, the International Energy Agency’s latest Oil Market Report has shown. According to the IEA…
THE National Bureau of Statistics (NBS), says the average price per litre paid by consumers for National Household Kerosene increased to N316.43 in June 2019 from N315.91 in May 2019. The bureau said this in its “National Household Kerosene Price Watch (June 2019)’’ obtained from its website in Abuja. The NBS said the price of…
THE Department of Petroleum Resources (DPR) has sealed three petrol service stations for under dispensing their products to customers in Gombe metropolis. Mr Benard Amos, Head of Operations, Gombe field office, stated this while briefing newsmen on Tuesday in Gombe. He said they had embarked on surveillance to ensure that filling stations abided by the rules and regulations….
The Nigerian Communications Commission (NCC) said it remitted N51.3 billion to the Federal Government’s Consolidated Revenue Fund (CRF) in the first quarter of 2019, as active mobile lines networks hit over 173.6 million. The commission made this disclosure in a statement signed by its Director, public affairs, Mr Henry Nkemadu, on Monday in Abuja. Nkemadu…
Eyitope Ogunbodede, the vice-chancellor of Obafemi Awolowo University (OAU), Ile-Ife, Osun state, says the institution will exit the national grid by October to generate its own electricity. Speaking on Monday at a biennial conference of the African Institute for Science Policy and Innovation (AISPI), Ogunbodede said the Rural Electrification Agency (REA) has provided the university…
Some residents of Ijegun, Lagos State, which recently suffered an oil pipeline explosion, have called for regular security patrol, establishment of a fire service station and rebuilding of a canal in the area. The residents spoke in interviews that following a recent attempt by vandals to open another pipeline near a market in the community….
The Nigerian Electricity Regulatory Commission (NERC) on Monday, proposed three ways to improve power supply and reduce power outages in the country. The Vice Chairman of the Commission, Engr. Sanusi Garba, stated this during a public consultation programme with Electricity consumers in Kaduna State. The theme of the event is: “Capping of Estimated Billing, Distribution…
Pioneer students of The Shell Petroleum Development Company of Nigeria Limited (SPDC JV)-sponsored Centre of Excellence in Marine and Offshore Engineering at the Rivers State University (RSU CoE), Port Harcourt, have commenced the mandatory six months Research Internship with Shell Nigeria Exploration and Production Company (SNEPCo) in Lagos. The Research Internship is a key requirement…