Energy
FG approves $1.5bn for Port Harcourt Refinery rehabilitation
A refinery *We are excited, but – NUPENG *As N3.1bn goes to NCDC laboratory By Victor Ahume-Young and Johnbosco Agbakwuru ENERGY THE Federal Government has approved the sum
Italy court acquits Eni, Shell in Nigeria corruption case
An Italian court on Wednesday cleared energy giants Eni and Shell of $1.1-billion (920-million-euro) corruption charges related to a major oil exploration deal in Nigeria. Judges in Milan acquitted Italy’s
Nigeria gets first composite cylinder plant
By Prince Okafor From an undesirable position of importing LPG (cooking gas) cylinders, Nigeria is on course to become the world’s largest manufacturer of composite cylinders with the groundbreaking of
Petrol Price: DPR moves to clampdown on erring filling stations
By Prince Okafor The Department of Petroleum Resources (DPR) intensified its intensified surveillance of filling stations in Lagos State to ensure compliance with the approved pump price band for Premium
Nigeria’s oil exploration dips by over 70%
Stock photo of an offshore oil rig By Udeme Akpan There are indications that oil exploration dropped in Nigeria by 70 per cent in February 2021, according to the Organisation
Liquidity: Electricity sector generates N272.47bn in six months
***NERC blames MDAs, others for rising debts ***DISCOs collection efficiency Q3’20 By Obas Esiedesa Electricity market revenue grew by 10.55 per cent to N272.47 billion in the second half (July-December)
Poor infrastructure, smuggling, funding gap crippling Africa’s petroleum downstream
With a growing population, huge energy demand, and projected industrial and agricultural boom, cross-border infrastructural deficits, funding gaps, smuggling, and lack of harmonized taxes The post Poor infrastructure, smuggling, funding
Petrol marketers revert to N175 per litre in South-East
Consumers of Premium Motor Spirit (PMS) in Awka, the Anambra capital and its environs heaved a sigh of relief following the quick reversal of price of product from between N200
Petrol marketers revert to N175 per litre in South-East
Consumers of Premium Motor Spirit (PMS) in Awka, the Anambra capital and its environs heaved a sigh of relief following the quick reversal of price of product from between N200
Oil Market: OPEC puts Nigeria’s oil output at 1.4 mbpd
***showing 17.6% drop against 1.7 mb/d 2020 output By Udeme Akpan The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s February 2021, oil output at 1.4 million barrels per
