Nigeria, others comply with OPEC quota in January
Nigeria and other OPEC+ in the month of January comply fully with the cartel production out. This has consequently resulted in the upward movement of the price of crude at the international…
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How renewable energy industry has grown over the last decade
The U.S. Energy Information Administration ( EIA) forecasts that power generation coming from renewable sources, such as wind, solar, hydro, and geothermal, should provide the majority of…
India steps up to become world’s third biggest energy consumer in 2030
As Nigeria goes to sleep over developing robust energy development that would take care of her energy needs, India is set to overtake Europe and become world’s 3rd biggest energy consumer.…
Seplat/NPDC joint venture partners host community on university teaching centre
Spurred by the need to expand access to quality high education in the country, Seplat Petroleum Development Company Plc, in conjunction with its joint venture partner, Nigerian Petroleum…
Brent hits $61.46 raising concerns of possible fuel price hike
Brent topped $61 per barrel on Wednesday, hitting a fresh high as the pact by oil producers, including the cuts called by the Organisation of Petroleum Exporting Countries (OPEC) and allies,…
NNPC rallies industry stakeholders for upstream cost optimisation
The Nigerian National Petroleum Corporation (NNPC) has called on stakeholders in the oil and gas industry to join in working towards reducing operations cost to achieve the $10 or less per…
Why Shell struggles to do business in Nigeria
A combination of regulatory uncertainties, persistent incidents of pipeline sabotage and crude theft in Nigeria’s Niger Delta region are pushing Royal Dutch Shell to reconsider its business…
Experts raise flag over neglect of renewables
The Petroleum Industry Bill (PIB) has continued to receive knocks from industry operators who see it as a document that contains poor strategies that may not take Nigeria’s oil and gas…
NNPC records trading surplus of N13.43 billion
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.43billion for the month of November 2020 up by 54 percent when compared to the ₦8.71billion surplus…
CBN halts Abuja Disco meter loan over unresolved board dispute
The Central Bank of Nigeria (CBN) has suspended credit facility to the Abuja Electricity Distribution Company (AEDC) for the financing of the National Mass Metering Programme because the…