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OPEC should consider return to oil quotas – Delegate

OPEC should consider return to oil quotas – Delegate

By Phillip Oladunjoye  - Senior Correspondent, with agency report   An OPEC delegate has advised that OPEC should consider re-introducing individual output quotas, which was quietly push to one side in…

Intensify surveillance of petroleum pipelines – Power minister urges incoming govt.

Intensify surveillance of petroleum pipelines – Power minister urges incoming govt.

By Phillip Oladunjoye - Senior Correspondent, Lagos (With Agency reports)   Piqued by the incessant incidences of pipeline vandalisation in the country and the amount being expended to fix them, the…

NERC to sanction Abuja Disco for ripping-off consumers

NERC to sanction Abuja Disco for ripping-off consumers

The Nigerian Electricity Regulatory Commission (NERC) has said it served the Abuja Electricity Distribution Company (AEDC) with a notice of enforcement action against it for allegedly abusing the statutory methodology…

End of gas flaring in sight?

End of gas flaring in sight?

By Phillip Oladunjoye  -  Senior Correspondent, Lagos (With Agency reports)   There appears to be an end in sight to gas flaring in the oil and gas industry. Gas flaring…

Electricity tariff policy: NERC conniving with discos, consumers alleges

Electricity tariff policy: NERC conniving with discos, consumers alleges

By Obas Esiedesa / Senior Reporter, Abuja   The Nigeria electricity supply chain is bedeviled by a lot of problems. From generation through transmission and distribution, the challenges are mounting and…

Shell pays 3b as taxes, royalties to Nigeria govt in 2014

Shell pays 3b as taxes, royalties to Nigeria govt in 2014

By Phillip Oladunjoye  - Senior Correspondent, Lagos  (With Agency reports)   Royal Dutch Shell has said that it paid $3 billion to the Nigerian government in 2014 as royalties and taxes.…

Oando records 82% oil reserves increase

Oando records 82% oil reserves increase

Oando Energy Resources Incorporated, a wholly-owned subsidiary of Oando Plc, which focused on oil and gas exploration and production in Nigeria, said it has significantly increased its oil reserves as…

Energy Commission to partner NBTI on commercialization of research products

Energy Commission to partner NBTI on commercialization of research products

By Phillip Oladunjoye  -  Senior Correspondent    The Energy Commission of Nigeria, ECN, has said that it would collaborate with the National Board for Technology Incubation, NBTI, to commercialise its…

Iran berates OPEC’s no cut strategy

Iran berates OPEC’s no cut strategy

Iran’s oil minister, Bijan Zanganeh has said that OPEC’s strategy of holding output steady is not working advising that members of the group should discuss production levels before its next…

Power: Consumers demand Buhari’s action on poor supply

Power: Consumers demand Buhari’s action on poor supply

By Obas Esiedesa  / Senior Reporter, Abuja   With several power plant lying waste due to lack of gas supply,  electricity consumers have urged president-elect, Mohammadu Buhari to urgently resolve to…

SURE-P trains 191 graduates for power sector

SURE-P trains 191 graduates for power sector

The Subsidy Reinvestment and Empowerment Programme (SURE-P) has revealed that it cost N2.4million each to train 191 graduates at the National PowerTraining Institute of Nigeria (NAPTIN). The training, which was…

Petroleum industry: NNPC boss predicts 50 years of gas dominance

Petroleum industry: NNPC boss predicts 50 years of gas dominance

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Joseph Dawha has predicted that the next 50 years of operation in the petroleum sector would be dominated by…

Emergency power plants needed to solve electricity supply shortages – James

Emergency power plants needed to solve electricity supply shortages – James

Chijioke James, a lawyer, is the National President of the Electricity Consumers Association of Nigeria (ECAN). He led his group to an interactive session with the Nigeria Electricity Regulatory Commission…

Billions of dollars won’t check spills without tackling oil thieves – Shell Chair

Billions of dollars won’t check spills without tackling oil thieves – Shell Chair

By Obas Esiedesa Senior Reporter, Abuja Oil giant, Shell has warned that no amount of money spent in the cleaning up of the environment of the Niger Delta would achieve its…

Nigerian content implementation ‘ll create new oil, gas sector – Nwapa

Nigerian content implementation ‘ll create new oil, gas sector – Nwapa

The Nigerian Oil and Gas Industry Content Development Act was put in place in 2010 to boost local participation in the oil and gas industry. The vehicle for its implementation…

FG, local firm partner to develop solar power projects

FG, local firm partner to develop solar power projects

Federal Government has signed a Memorandum of Understanding (MoU) with Ezektech Limited for the provision of solar powered plants ranging from 250kw to 1mw across the country. Minister of Power,…

Experts advocate multidimensional approach to end crude theft

Experts advocate multidimensional approach to end crude theft

With increased attacks on the nation’s crude oil pipelines leading to loss of millions of dollars in revenue, industry experts have advocated for multi-dimensional approach involving host communities, security agents…

Low oil price not affecting our core mandate – PTDF boss

Low oil price not affecting our core mandate – PTDF boss

The Executive Secretary of the Petroleum Technology Development Fund (PTDF), Femi Ajayi has disclosed that the low price of oil in the international market would not  affect the delivery of…

Chevron plans to sell $15b assets

Chevron plans to sell $15b assets

Chevron Corporation is planning to   increase sale of its   assets by 50 percent to $15 billion and curtail new investment for the next two years after plunging oil…

Nigerian refineries to produce 400,000 bpd of fuel in 2016

Nigerian refineries to produce 400,000 bpd of fuel in 2016

The  Nigerian National Petroleum Corporation (NNPC) says the country’s refineries will be producing about 400,000 of refined petroleum products every day when the current rehabilitation of the refineries are completed…

NPDC crude oil output grows from 130,000 to 205,007 bpd

NPDC crude oil output grows from 130,000 to 205,007 bpd

• as  Alison-Madueke seeks diversification of oil revenue base By Anayo Korie  / Ag Energy Editor   The Crude oil output of the National  Petroleum Development Company, NPDC has increased  from…

Power generation drops by 800mw, as vandals struck again

Power generation drops by 800mw, as vandals struck again

By Obas Esiedesa  / Senior Reporter, Abuja   The Federal Government has said it is intensifying effort to secure gas pipelines across the Niger Delta region following the fourth attack on…

NNPC explains pipeline protection contracts award

NNPC explains pipeline protection contracts award

By Anayo Korie  / Ag Energy Editor    In a bid to effectively combat the growing scourge of pipeline sabotage that has impacted negatively on its operations, the Management of the…

BP discovers second gas field in Egypt

BP discovers second gas field in Egypt

BP made its second gas discovery in the East Mediterranean Sea at its North Damietta Offshore concession in the East Nile Delta. The discovery was made at the Atoll-1 deepwater…

ExxonMobil predicts gradual oil, gas output growth till 2017

ExxonMobil  predicts gradual oil, gas output growth till  2017

Exxon Mobil Corporation  has predicted the growth of  its oil and gas output,  rising by  2 per cent this year and 3 per cent in each of the following two…

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