ENERGY

The Nigerian National Petroleum Company (NNPC) Ltd strongly refutes the false and misleading allegations made in a viral video circulating online, which claims that NNPC fuel does not last. This assertion is baseless and entirely unfounded, originating from unverified and amateur research that lacks credibility, accuracy, and professional oversight. NNPC...

The Nigerian National Petroleum Company Limited (NNPCL) and First Exploration & Petroeum Development Company Limited (First E&P) Joint Venture (JV) has successfully achieved 96 per cent reduction in routine flaring of associated gas (AG) from the Anyala (OML 83) and Madu (OML 85) fields. This is seen as a significant...

The Nigeria Extractive Industries Transparency Initiative (NEITI), has disclosed that Nigeria requires an annual injection of about $20 billion into the gas infrastructure to maximize its natural resources as the ninth-highest gas producer in the world and number one in Africa. NEITI’s Executive Secretary, Ogbonnaya Orji, stated this on Monday...

The Exeecutive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday received a delegation from the Samsung Heavy Industries Nigeria (SHIN), led by their new Managing Director, Mr. Jin Lee. The meeting was held at the Board’s Lagos liaison office and discussions focused...

The Special Adviser on Energy to the President, Olu Verheijen, said on Monday her statement on the planned increase in the electricity tariff was misrepresented. Verheijen on January 30 advocated an increase in Nigeria’s power prices by about two-thirds (66 per cent) to reflect the actual cost of electricity supply....

The Petroleum Products Retail Outlet Owners Association of Nigeria has stated that the recent reduction in petrol prices by Dangote Refinery may not immediately reflect at fuel stations due to existing stock purchased at higher prices. Billy Gillis-Harris, president of PETROAN, made this known during an interview on Arise TV...

The Federal Government has said that for electricity tariffs to reflect the actual cost of production, some Nigerians might need to pay over 65 per cent of what they are currently paying for a kilowatt/hour of electricity. Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, told Bloomberg that...

In furtherance of its efforts to deepen domestic gas utilization, in line with the Federal Government’s Gas Revolution Agenda, the NNPC Ltd and its partners have launched five mini-Liquiefied Natural Gas (LNG) Plants in Ajaokuta, Kogi State, on Thursday. The epic groundbreaking ceremony signalled the commencement of construction works on the five Mini-LNG plants...

In its determination to close Nigeria’s electricity gap, the Federal Government has unveiled an ambitious energy access programme aimed at transforming the nation’s energy sector. The government stated that the programme would require $23.2bn, of which $15.5bn would be provided by the private sector. A statement by the spokesman for...

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, in company with senior officials of Shell Petroleum Development Company (SPDC) on Tuesday undertook a tour of facilities at Brightwaters Energy Limited, Port Harcourt, Rivers State. The tour to the company’s facilities at Choba,...