AEDC denies fraud allegations, Procures 30,000 meters for distribution
The Abuja Electricity Distribution Company (AEDC) Plc management has absolved itself of allegations of short-changing its customers, especially those on estimated billing.
Russia shows interest in Nigeria’s petroleum industry
Russia’s Energy Minister, Alexander Novak, has unveiled his country’s interest to explore Nigeria’s oil and gas industry, saying that preliminary technical talks will commence as soon as possible between the two countries.
SPDC inducts prospective oil, gas professionals
Beneficiaries of the Shell Petroleum Development Company (SPDC) Joint Venture (JV) undergraduate scholarship, who have consistently earned excellent grades, have been inducted...
‘Impact of N701b payment assurance scheme on power sector’
The Federal Government has assured that the N701-billion Payment Assurance Scheme will resolve the financing bottlenecks that have constrained the operations of Nigeria’s gas suppliers and power generation companies.
Neconde Energy targets 70,000bpd from OML 42
Neconde Energy Limited, the Exploration and Production subsidiary of the Obijackson Group, said it is targeting 70,000 barrels per day (bpd) output from its oil mining lease, OML 42 located in the West Delta.
Eko Disco decries N2.4 billion debt in April
Eko Electricity Distribution Company Plc (EKEDC), has said that customers under its network are yet to pay over N2.4 billion, which was part of the electricity consumed in April 2017.
Eni launches production offshore Ghana ahead of schedule
Italian oil company, Eni, has launched production from the Integrated Oil & Gas Development Project, in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, in less than three years ahead of schedule, reaching another record time-to-market.
Nigeria’s crude oil production increases by 273,600 bpd
Organisation of the Petroleum Exporting Countries (OPEC), continued to reduce production in April, but output from Africa’s top exporter - Nigeria, increased by 273,600 barrels per day (bpd).
‘Lagos is a suitable investment destination for oil, gas business’
Ambode who made this declaration , noted that the exploration of crude oil in Lagos would effectively complement oil exploration activities in other parts of the country.