By Energy Worth Enugu Electricity Distribution Company (EEDC) has emerged overall first position in the 2017 Nigerian Electricity Management Services Agency (NEMSA) Safety ranking; a remarkable leap from its fifth position in the 2016 NEMSA Safety ranking.The ranking was released by NEMSA in its Disco & TCN Ranking Trend for the year 2017 at the…
By Energy Worth The Federal Government has concluded plans to involve more Nigerians in meter manufacturing in order to boost revenue for the power sector to be able to expand capacity most especially in the distribution aspect in the electricity value chain.The Minister of Power, Works and Housing, BabatundeRaji Fashola SAN, stated this in Lagos recently…
From left,, Governor Aminu Masari of Kastina State ; Governor Abdul’aziz Abubakar Yari of Zamfara State and Governor Simon Lalong of Plateau State responding to questions from State House Correspondent shortly after the meeting with President Muhammadu Buhari at the Presidential Villa , Abuja on Thursday. The Nigeria Governors’ Forum (NGF) on Thursday in Abuja,…
By Energy Worth Nigeria’s oil and gas industry wednesday recorded another milestone as the $3.3 billion Floating Production Storage Offloading (FPSO) unit for the 200,000 barrels per day capacity Egina Deepwater oilfield arrived the country from South Korea.The Egina oilfield, which is being developed at the cost of $16 billion, would come on stream at…
*NNPC GMD, Dr Maikanti Baru, during the inauguration of the board. The Nigerian Petroleum Development Company (NPDC), one of the upstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), will increase its daily crude oil production to 500,000 barrels per day before 2022.This target was announced by the Group Managing Director of the NNPC, Dr….
*The impounded truck arrested by NSCDC officials enroute Benin Republic on Tuesday. The Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, has commended the Niger State Command of the Nigerian Security and Civil Defence Corps (NSCDC) on the eight trucks its men apprehended in Mokwa, Niger State on Tuesday.The trucks had a…
Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken. Oil prices rallied to three-year high, boosted by a record 10th straight weekly decline in U.S. crude inventories. International benchmark Brent futures were nudging 71 dollars per…
The Nigerian National Petroleum Corporation, NNPC posted a total crude oil and gas export sale of $239.10Million in the month of November, 2017. Details of the transactions contained in the recently released November 2017 edition of the Monthly NNPC Operations and Financial Report also indicated that the figure is 25.68 percent lower than the previous month…
*Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru. Nigeria’s daily petrol consumption has gone up to 55 million litres from the 35 million litres that it used to be because according to the Nigerian National Petroleum Corporation (NNPC), a syndicate of cross-border smugglers are now taking advantage of the current scarcity experienced…
Savannah Petroleum Plc has announced that for purposes of facilitating its proposed acquisition of certain of the Nigerian oil and gas assets of Seven Energy it has commenced, subject to the terms and conditions set forth in a confidential offer memorandum and consent solicitation statement dated today (the “Solicitation Memorandum”), an offer to exchange any and…
