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…
By Energy WorthThe monitoring team of the Petroleum Product Pricing Regulatory Agency (PPPRA) has embarked on a tour of filling stations across Lagos metropolis to check the excesses of some owners whose dishonest activities are frustrating government’s efforts at easing the fuel crisis being experienced nationwide.The tour which kicked off Saturday, at Maryland, Lagos is…
The Nigerian National Petroleum Corporation (NNPC) has successfully cleared the Premium Motor Spirit (PMS) otherwise known as petrol queues in Abuja and Lagos with the commitment to increase truck-outs to other states to restore normalcy to the petrol supply and distribution across the country.Group Managing Director of the Corporation, Dr. Maikanti Baru, made this disclosure…
Chevron has recently announced a contribution of $500,000 from the Chevron Global Community Fund to the American Red Cross in support of relief efforts for the wildfires in Ventura, Santa Barbara, Los Angeles and San Diego counties. “Chevron, like others in California, wants to help with the response to these devastating wildfires,” said Mike Wirth,…
*Babatunde Fashola, Minister for Power, Works and Housing. At the last monthly power sector operators’ meeting held on Monday, December 11 in Lokoja, Kogi State, Minister of Power, Works and Housing, Babatunde Fashola had claimed power generation had increased from below 5000 megawatts, MW, to 7000MW. “By collective action of Government and all of you,…
By Energy Worth The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has explained the need to subsidize the petroleum products, saying that the government does not want the pump price to go beyond N145 per liter. Fielding questions from State House corespondents after observing Juma’at prayers at the State House…
*A burnt transformer at the station. By Energy WorthThe Management of Transmission Company of Nigeria (TCN) regrets the fireincident that affecteda 60MVA Transformerat Dan Agundi Substationin Kanoon Thursday, 21st December, 2017 at 1.30pm. This caused power supply constraints to some sections of Kanofor two days. However, TCN in collaboration with Kano Electricity Distribution Company Limited has transferred some of the loads of the…
