Electricity generation picking up after Niger Delta attack, says Fashola
Mr Babatunde Fashola, Minister of Power, Works and Housing said that power generation was picking up after last week vandalism of power stations in the Niger Delta.
The Indo-Chinese energy model in Nigeria!
The emerging economic realities in Nigeria explain why the Chinese and Indians are becoming more visible in the energy sector of Nigeria’s economy
DPR warns marketers against adulteration, selling above pump price
The Department of Petroleum Resources (DPR) has vowed to continue to clamp down on the depots and filling stations selling Premium Motor Spirit (PMS) otherwise known as petrol above regulated price of N86.50 per litre.
Nigeria’s oil exports drop, 20 cargoes remain unsold
Indications have emerged that Nigeria will export about 52 cargoes of crude oil in June, representing a drop from 55 cargoes slated for May in the futures market.
OPEC requires $10tr to bridge investment gap in oil, gas business
OPEC has said that the global oil and gas sector would need additional $10 trillion investment to save the industry from total collapse.
Unsafe petroleum tankers and unworthy roads!
Nigeria currently transports its refined crude oil products through a network of pipelines to the depots and from there, it is trucked to the various fuel dispensing stations across the country.
SacOil JV to purchase, resell Nigerian crude oil
SacOil and Energy Equity Resources (EER) signed a memorandum of understanding (MOU) to facilitate the acquisition and resale of Nigerian crude oil.
NIPCO raises fuel storage facility to 84 million litres
The Nigerian Independent Petroleum Company (NIPCO) plc, has expanded its storage capacity to 84 million litres.