Energy
Oil Spill: Agip shuts down Idu Well 11 in Bayelsa
The Nigerian Agip Oil Company (NAOC) on Wednesday confirmed an oil leak from its Idu oilfields at Egbebiri settlement within Biseni in Yenagoa Local Government Area in Bayelsa, resulting in
OPEC’s compliance with oil production cuts deal 122% in April ― Report
The Organisation of the Petroleum Exporting Countries (OPEC) says its compliance with the OPEC+ oil production cuts deal totalled 122 per cent in April, as production averaged 25.08 million barrels
Nigeria’s oil output drops by 30% in four years — Investigation
By Udeme Akpan In an apparent reflection of the measures taken to achieve stability in the global market by the Organisation of Petroleum Exporting Countries, OPEC, pipeline vandalism and oil
Apapa bridges at risk of collapse over weight of parked heavy-duty trucks — Experts
By Kingsley Adegboye Bridges in Lagos, particularly Apapa axis, are at risk of collapse because of the weight of parked heavy-duty trucks on them. These bridges are under great stress
Metering: FG takes delivery of 656,752 prepaid meters
By Udeme Akpan The Federal Government has taken delivery of 656,752 prepaid meters, under the phase 0 of the Central Bank of Nigeria-funded National Mass Metering Programme, NMMP. This represents
FG to intensify diversification of energy sector ― Minister
Goddy Agba The Minister of State for Power, Mr Goddy Agba, says the ministry will continue to support the Federal Government’s policies on diversification of the energy sector. Agba said
LPG: Refiners, distributors seek adoption of clean energy for cooking
By Obas Esiedesa – Abuja With over 850 million Africans still dependent on solid fuel for cooking, refiners and distributors of Liquefied Petroleum Gas, LPG, have called for speedy deployment
Transcorp pushes investment in power sector, others
power Supply, By Prince Okafor Diversified conglomerate, Transnational Corporation of Nigeria Plc, Transcorp, has stepped up its presence in the nation’s power and petroleum sectors. Speaking at the 15th Annual
Petrol Subsidy: NNPC under pressure as Bonny Light rises by 150% to $65/b
By Ediri Ejoh There are indications that the Federal Government through the Nigerian National Petroleum Corporation, NNPC would be under more pressure to fund Nigeria’s petrol under-recovery or subsidy as
Electricity Consumers praise CBN for N120bn power intervention
By Obas Esiedesa As a part effort to support and grow revenue of the power sector, the Central Bank of Nigeria, CBN, last week disclosed that it has disbursed about
