Energy

NNPC Disclaims Fake 50th Anniversary Quiz Contest, Warns General Public
Energy

NNPC, marketers begin 24-hour depot, retail outlet operations to end fuel scarcity

By Shakrullah Owolabi To address the lingering fuel scarcity occasioned by the imported adulterated petrol, the Nigerian National Petroleum Company (NNPC) Limited has announced the commencement of 24-hour operations in NNPC depots and retail outlets. The move according to a statement by NNPC Limited was to restore normal supply and […]

Oil Prices Stable as US Sanctions Against Iran Nears
Energy

More Revenue For Nigeria As Oil Price Rises Above $90

…Price may hit $120/barrel By Shakrullah Owolabi Nigeria may surpass its oil revenue target for 2022 if the current oil price level of over $90 per barrel is sustained in the months ahead. The development signals more revenue inflow for Nigeria as this is about $35.44 a barrel over its […]

Shebah Exploration & Production Company Ltd (SEPCOL)
Energy

FPSO Vessel Explosion: SEPCOL Confirms 7 Crew Members Missing, 3 Alive 

By Shakrullah Owolabi The management of Shebah Exploration & Production Company Ltd (SEPCOL) in RECEIVERSHIP has confirmed seven crew members missing in last Wednesday‘s Floating Production Storage and Offloading(FPSO) vessel explosion. The exploded vessel belongs to Shebah Exploration & Production Company Ltd (SEPCOL) in RECEIVERSHIP. Recall that an explosion and […]

Industry Regulator Applauds Shell For Investing In Nigerian Gas Infrastructure
Energy

Industry regulator applauds Shell for investing in Nigerian gas infrastructure

By Olatunde Dodondawa Leading energy company, Shell Nigeria Gas (SNG), has received accolades from the industry regulators, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for deliberate and active investment in Nigeria’s critical gas infrastructure to supply gas for powering industries in key locations in the country. The Chief Executive […]

Chevron seeks stakeholders
Energy

Chevron posts $15.6bn best earnings since 2014

By Shakrullah Owolabi U.S supermajor, Chevron has posted full-year 2021 earnings of $15.6 billion, compared to a loss of $5.5 billion in 2020. The oil firm also booked strong cash flow from operations of $29.2 billion and record free cash flow of $21.1 billion last year. Chevron’s net oil-equivalent production […]

Nigeria may lose $6bn to oil theft in 2022
Energy

Nigeria may lose $6bn to oil theft in 2022

By Shakrullah Owolabi Nigeria may lose about $6 billion to oil theft in 2022. The gloomy news was disclosed by Socio-political analyst and commentator, Dr. Ugoji Egbujo, in an article titled, The Petrol Subsidy Quandary: The Devil or the Deep Blue Sea? Egbujo hinted that our parlous state is complicated […]

Eko Disco Launch Energy Club in Lagos Schools
Energy

Eko Disco Launch Energy Club in Lagos Schools

By Olatunde Dodondawa Eko Electricity Distribution Company (EKEDC) on Monday launched Energy clubs in selected schools within its network, to encourage young girls to take opportunities in the power sector. The Club activities are expected to promote the interest of female students in Science, Technology, Engineering and Mathematics (STEM) disciplines, […]