Oil marketers in Nigeria may have opted to lobby the federal government to consider and grant them some form of tax holidays and other incentives that would enable them resume importation of petrol into the country, THISDAY learnt last night in Abuja. The proposal, it was learnt, was to appeal to the government to provide…
By Energy Worth The nationwide blackout continued Wednesday after efforts by the Transmission Company of Nigeria (TCN) to restore electricity failed, following a second system collapse of transmission network at exactly 14.19 hours. According to TCN, the second system failure occurred when the Odukpani-Ikot Ekpene 330kV transmission line tripped, cutting off electricity generation and transmission…
*Dr Maikanti Baru and some top management members of the corporation.The Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, has ordered an immediate assessment of the damage caused by a fire on the Escravos to Lagos Pipeline (ELP), a natural gas pipeline which supplies gas from Escravos region of the Niger Delta…
The Nigerian National Petroleum Corporation (NNPC) through its Downstream subsidiary, the Petroleum Products Marketing Company (PPMC), sold and distributed a total of 1.352.86 billion (one billion three hundred and fifty-two million and eight six thousand) litres of white products across the country in October, 2017. Details of the transactions contained in the October 2017 edition of…
By Energy Worth Motorists and residents of Igbobgo community in Ikorodu area of Lagos State filled their tanks and gallons with fuel for free when the management and attendants at a Mobil filling station in Igbogbo fled at the sight of the monitoring team of the Petroleum Product Pricing Regulatory Agency (PPPRA).The PPPRA team has…
By Oke Peter An international organisation that facilitates energy conferences and investment drive, EnergyNet Limited, has announced its annual Regional Energy Co-operation (REC) summit. The event will hold from January 24 to 25, 2018, at the Sofitel Abidjan Hotel Ivoire, in Abidjan. According to EnergyNet’s Regional Manager for West Africa, Valeria Aruffo: “The 2018 REC…
Oil bulls are charging into the new year with unprecedented vigor, and the credit goes to OPEC. The signs that the group is winning its tug of war with shale are compelling, and money managers have taken note: Their combined bets on rising prices for West Texas Intermediate and Brent crude reached record levels in…
