Energy

Energy

NNPC deploys online petroleum products procurement solutions

In line with the Transparency, Accountability and Performance Excellence (TAPE) agenda of the present leadership of the Nigerian National Petroleum Corporation (NNPC), and the commitment to continually deploy information and communications technology (ICT) for the purposes of operational efficiency and accountability within the corporation’s system, the Corporation has deployed online […]

Energy

Nigeria’s proven gas reserve hits 203.16tcf

………..crude oil reserves now 36.89billion barrels Olatunde Dodondawa Nigeria has announced that its proven natural gas reserve is now 203.16trillion cubic feet (tcf) while crude oil reserve is now 36.89billion barrels (bb) as at January 1, 2020. Speaking during a media interactive session on Tuesday, Director of Department of Petroleum […]

Energy

Nigeria lost N62.58bn to oil theft, vandals in 16 months

Nigeria lost over N62.58billion to oil thieves in 16 months, according to the Group Managing Director (GMD) of NNPC, Mallam Mele Kyari. Speaking during an interactive session with Guild of Editors, Kyari stated that NNPC lost about 2.9million barrels of crude oil worth $48.42million (N17,431,200,000 at N360/$) in two months. […]

Energy

EnergyHub sets to unite oil, gas stakeholders in digital space

  EnergyHub is a digital market space that has been set up to bring together hundreds of energy companies, utilities, marketers, vendors and many more players to interact and transact business seamlessly within a digital environment. It provides a convenient space for all stakeholders to showcase their products and services, […]

Energy

COVID-19: PETAN donates to Bayelsa, Rivers, Delta States

As part of its Corporate Social Responsibility (CSR) endeavors, and in her effort to alleviate the anguish of the Covid-19 pandemic, the Petroleum Technology Association of Nigeria (PETAN) is partnering with the Nigerian Content Development Monitoring Board (NCDMB) to donate ambulances, Personal Protective Equipment (PPE) and other medical equipment to Bayelsa, Delta and Rivers State governments respectively.   This was made known by the newly elected Chairman […]

Energy

IEA: Oil demand to drop for first time since 2009

Global oil demand is set to drop this year for the first time since the financial crisis in 2009, the International Energy Agency (IEA) said on Monday, as it slashed its demand outlook by 1.1 million bpd due to the coronavirus outbreak and its impact on economies. The IEA now […]

Energy

140 Niger Delta youths win Shell’s N56m Livewire grant

No fewer than 140 young and talented people from eight states of the Niger Delta have graduated from the special Shell LiveWIRE Nigeria entrepreneurial training programme, which provides business and financial support to enable them to establish small and medium scale businesses. Drawn from Abia, Akwa Ibom, Bayelsa, Cross Rivers, […]

Energy

FG spends over N15.6bn on fuel subsidy in 7 days

By Olatunde Dodondawa There are strong indications that the provision of N450billion for fuel subsidy in the year 2020 budget may be inadequate because the Federal Government has already spent over N15.6billion for subsidy on premium motor spirit (PMS) otherwise called petrol in just seven days. According to investigation by the Saturday Tribune, […]