A pressure group, The Ken Saro-Wiwa Associates, have said that the Royal Dutch Shell and its Nigerian subsidiary the Shell Petroleum Development Company (SPDC), must accept responsibility and apologise for their complicity in the human rights violations and murder of Ogonis between 1993 and 1998. This was part of the resolution reached at the end…
A leading downstream company, OVH Energy, has announced the appointment of Huub Stokman as the new Chief Executive Officer (CEO). Prior to his appointment, Huub Stokman was the Head of Puma Energy International in Angola, responsible for the overall business, which included managing retail forecourt, terminal/logistics operations, as well as B2B business for fuels, lubricants,…
By Agency Report Reports have discovered that over 192 trillion standard cubic feet of gas reserves yet to be tapped, while power plants in the Nigeria lacks adequate gas to run turbines, giving rise to N40.548 billion revenue losses by the sector in one month. The report, according to the Power Sector News, disclosed…
By Energy Worth The Transmission Company of Nigeria (TCN), has disclosed that it has terminated four power transmission contracts which it said were delayed because the contractors lacked the capacity, and has engaged its engineers to complete them. The Managing Director of TCN, Alhaji Usman Gur Mohammed, disclosed this at the 24th monthly power…
The House of Representatives has expressed grave concern over the state of the country’s power sector, despite the huge investment and reforms initiated by successive administrations. The lawmakers who called for deliberate action towards averting imminent collapse of the power sector, warned that shortfall of about N1 trillion will put the sector at risk of…
By Energy Worth The House of Representatives has mandated its Committee on Power to investigate the Power Sector Recovery Programme (PSRP) to resolve the incongruities in the draft of the programme. This was sequel to unanimous adoption of a motion by Rep. Abubakar Ahmed (Gombe-APC) on Thursday at plenary. Speaker of the House, Mr…
By Energy Worth The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Dr Mohammed Sanusi Barkindo, will be leading other global oil and gas industry leaders to participate in the Nigeria International Petroleum Summit (NIPS). This was disclosed by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, at a world…
By Energy Worth Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called on petroleum products marketers to stick to the N145 per litre approved pump price for petrol in order to make life easy for Nigerians. The GMD gave this charge today in Abuja while presenting a commendation letter…
The Organization of the Petroleum Exporting Countries (OPEC) will host the 7th OPEC International Seminar at the Imperial Hofburg Palace in Vienna, Austria, on 20−21 June 2018 under the theme, ‘Petroleum – cooperation for a sustainable future’. The Seminar will provide fresh impetus to key petroleum industry issues and challenges, helping to enhance existing avenues of…
The Transmission Company of Nigeria (TCN) has announced that it has attained the wheeling capacity of 7,124 Mega Watts (MW) transmission capacity of electricity to the Distribution Companies. The Information is part of the communiqué issued in Abuja on Monday, at the end of the 24th monthly meeting of the Minister of Power, Works and…
