By Tsvetana Paraskova Expensive energy is back and it is threatening global economic growth, the International Energy Agency (IEA) said in its Oil Market Report on Friday, joining other organizations like the International Monetary (IMF) and OPEC that also expressed this week concerns about mounting challenges to economic and oil demand growth. Brent Crude prices…
By Irina Slav President Trump has warned China that Washington is taking measures to curb the exporting of nuclear technology to China, adding that Americans were not “stupid”, AFP reports as the Department of Energy released yesterday a set of measures “to prevent China’s illegal diversion of U.S. civil nuclear technology for military or other…
By Oke Peter Vice President Yemi Osinbajo says $1 trillion is required to improve Nigeria’s energy infrastructure in 29 years. Osinbajo made this known while declaring open a 2-day National Energy and Climate Change Summit at the State House Banquet Hall, on Thursday in Abuja. The summit was organised by the Energy Commission of Nigeria…
Damilola Shittu – Abuja The Federal Government is seeking collaboration with oil suppliers to end unwholesome practices and sanitise the oil and gas sector of the Nigerian economy. Consequently, the ministries of Power, Works and Housing, Labour and Employment, Environment, the Nigeria Security and Civil Defence Corps (NSCDC) and other key agencies are to partner…
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has described as false and baseless report making rounds that he claimed graduating from the University of Nigeria, Nsukka (UNN), with a First Class degree. The News Agency of Nigeria (NAN) has reported. The minister made the clarification in a statement signed by the Director…
By Julianne Geiger The American Petroleum Institute (API) reported a major build of 9.75 million barrels of United States crude oil inventories for the week ending October 5, compared to analyst expectations that this week would see a much smaller build in crude oil inventories of 2.62 million barrels. The build is the largest build…
By Damilola Shittu IKEJA Electric has developed a new mobile app that will help the prevention of customers and employees against electrical hazard. The app named ‘i-Safe’ was unveiled by the management of the firm. The application, developed in Nigeria by Ikeja Electric, is designed to guarantee customer and employee safety with real-time report on…
By Oke Peter The landing cost of the Premium Motor Spirit (petrol) being imported into the country has risen to at least N205 per litre on the back of the recent increase in global oil prices, putting more pressure on the Nigerian National Petroleum Corporation. The NNPC has been the sole importer of petrol into…
Oke Peter with Agency Report Eleven people on Wednesday in Abuja suffered various degrees of burns from a gas explosion that occurred at Rosy Restaurant Area 11. An eyewitness reports that the victims who were immediately taken to Asokoro general hospital suffered some 40 to 50 degree of burns. Apregnant woman, who simply identified herself…
By Damilola Shittu Energy giant, Total, the Nigeria National Petroleum Cooperation (NNPC) and other ancillary companies have commissioned alternative energy, solar system at the Don Guanella Center, at Nnebukwu community in Oguta Council Area of Imo State. The Center operated by the Catholic Church, houses mentally deranged children and those living with down syndrome, as…
