Energy

Energy

$2.8bn AKK gas pipeline project would have boosted the morale of the south - Uchegbuo

BusinessDay Aug 02, 2020

James Uchegbuo, a public affairs commentator, has said that the AKK (Ajaokuta-Kaduna-Kano) gas pipeline project, would have boosted the morale of the southerners...

Energy

FG partners stakeholders on alternative energy

Isaac Anyaogu Jul 30, 2020

As part of the Federal Government’s strategy to re-position the gas sub-sector, the Ministry of Petroleum Resources has commenced the...

Energy

$50bn projected 5-year Africa oil capital spend could elude Nigeria unless it reforms

Isaac Anyaogu Jul 30, 2020

International Oil Companies (IOCs) are projected to spend about $50 billion on capital projects in Africa and a slew of...

Energy

Seplat at 10, pledges to drive sustainable business practices

Isaac Anyaogu Jul 30, 2020

Seplat Production Development Company has marked its tenth anniversary pledging that economic sustainability and governance will guide its actions, elevating...

Energy

Lagos moves to bridge 60% electricity gap with ‘smart meter initiative’

Joshua Bassey Jul 30, 2020

In furtherance of efforts at addressing the electricity metering gap, Lagos State government, in collaboration with Eko Innovation Centre, has...

Energy

Report of missing 48m barrels of crude spurious – NNPC

Harrison Edeh Jul 30, 2020

The Nigerian National Petroleum Corporation (NNPC) late Thursday dismissed the reports that senior officials of the corporation sold 48 million...

Energy

FG commends SEPLAT's achievements in Nigeria's oil & gas sector

Iheanyi Nwachukwu Jul 30, 2020

The Federal Government has commended Seplat Petroleum Development Company plc (SEPLAT) on its phenomenal achievements and remarkable successes within just 10 years in...

Energy

NNPC again advises oil companies over $10 per barrel cost

Olusola Bello Jul 30, 2020

Mele Kyari, group managing director of the  Nigerian  National Petroleum Corporation  (NNPC)has said oil companies should feel free to leave...

Energy

Chevron reiterates commitment to STEM education

Olusola Bello Jul 30, 2020

As part of the efforts to promote quality science education in Nigeria and other parts of Africa, Chevron co-sponsored the...

Energy

Nigeria struggles to provide reliable electricity as electric vehicles’ market expands 

Stephen Onyekwelu Jul 30, 2020

Electric vehicle sales have been forecast to make up a third of new cars sold globally in the next ten...

Energy

Outlook for the oil market remains dependent on considerable uncertainties in 2021

Olusola Bello Jul 30, 2020

The outbreak of COVID-19 pandemic had an unprecedented and devastating impact on the global economy and oil market fundamentals in...

Energy

Oil and gas project sanctioning in 2020 set to fall by more than 75 per cent

Olusola Bello Jul 30, 2020

Global project sanctioning is set for a staggering decline this year of over 75 per cent from 2019 levels, as...

Energy

Reps to visit petroleum tank farms in Port Harcourt, Delta, Lagos

James Kwen Jul 29, 2020

The House of Representatives has resolved to visit farm sites Port Harcourt, Delta, and the Lagos State to assess the...

Energy

Seplat swings to loss of $145 million in H1 2020 on lower oil prices

Mercy Ayodele Jul 29, 2020

The decline in crude oil prices has plunged Seplat Petroleum Development Company Plc, Nigeria’s largest listed Oil & Gas firm...

Energy

Seplat says to drill two gas wells in 2020 as cash reserves hit $343m

Iheanyi Nwachukwu Jul 29, 2020

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and...