By Oke Peter Security agents and Nigerian National Petroleum Corporation (NNPC) monitoring team have discovered 144 trucks of petrol not streamed by some marketers in Kano. The NNPC Group General Manager, Public Affairs Division, Ndu Ughamadu, made this known in a statement in Abuja on Friday. Ughamadu stated that the team was set up to…
By Oke Peter The Senate Committee on Power, Steel Development and Metallurgy, on Thursday questioned the Rural Electrification Agency (REA) over a N10 billion solar power projects for nine universities in the country. Committee Chairman, Senator Enyinnaya Abaribe, who led the budget defence session of agencies under the committee said it was unbelievable that REA…
In response to increased demand for crude transportation from South Texas and the Permian Basin, Harvest Pipeline Company (an affiliate of Hilcorp Energy Company) and Vitol Inc. have established an agreement to explore joint development of a state of the art crude oil terminal to be located in the Port of Corpus Christi. “The agreement…
By Oke Peter The Chairman of the Senate Committee on Privatisation, Senator Ben Murray Bruce has pledged the commitment of the upper legislative chamber to resolving all crises bedeviling the nation’s power sector and restoring investors’ confidence in the sector. He made the pledge yesterday in Kaduna when he led members of the Senate Committee…
Leaders at all levels in the country have been called upon to pay attention to the intellectual development of the youth if the country must attain sustainable growth. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, gave this charge at a book launch in Abuja today. Dr. Baru who was…
Petrobras and ExxonMobil today signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president of ExxonMobil Upstream Ventures, and Stephen Greenlee, president of ExxonMobil Exploration Company. Petrobras and ExxonMobil will…
The Transmission Company of Nigeria (TCN) thursday disclosed that it recorded new national peak electricity transmission capacity of 5,155.9 Megawatts (MW) on December 8. The Interim Managing Director of TCN, Usman Gur-Mohammed, made the disclosure at an interaction with journalists in Abuja. Gur-Mohammed said the new record exceeded previous national peak record of 5,074.70 recorded…
The Nigerian National Petroleum Corporation (NNPC) has stated that its adoption of a 24-hour depot and retail services cleared the fuel queues in Abuja, Lagos and many states across the country. NNPC Chief Operating Officer, Ventures and Chairman of the NNPC Special Task Force on Fuel Monitoring, Dr. Victor Babatunde Adeniran, made this disclosure to…
By Oke Peter Ngozi Deborah Atalor, a Shell Nigeria LiveWIRE entrepreneur has emerged winner of the pitching competition for young Nigerian entrepreneurs in alternative energy business as part of the #makethefuture Accelerator event held in Port Harcourt, taking home N1million prize money to boost her business. This is coming barely a month after she won…
Seven Energy Finance Limited has announced the terms of the Group’s capital restructuring and, in particular, the entry into a lock-up agreement (the “Lock-up Agreement”) by inter alia (1) Seven Energy; (2) the Company; (3) Savannah Petroleum PLC (“Savannah”); and (4) certain of the Group’s lenders including an ad hoc group of holders (the “AHG”)…
