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Schneider Electric, a leading digital transformation, energy management and automation giant, has launched new intelligent equipment to achieve a self-healing grid and ensure efficient use of power in Nigeria. The Head of Offer,…
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Further to the announcement of 3 August 2020, ADM Energy has announced that it has formally submitted a bid with the Nigerian Department of Petroleum Resources (‘DPR’) for a marginal field in the 2020 Marginal Field Bid Round. A total…
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Oil major, Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per day (bpd). The company has also developed more capacity to produce more, the Chairman of Shell Companies in…
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…backs FG on downstream deregulation …says PEF money is marketers’ money …denies protest against NNPC GMD The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to receive N250 billion fund to finance…
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The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of ₦20.36billion in July 2020 compared to the ₦2.12billion surplus in June 2020 in its operations,Dr. Kennie Obateru, Group General Manager, Group…
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President of the Senate, Ahmad Lawan, has said for Nigeria to experience exponential growth in the economy, efforts must be made to strengthen the country’s local content capacities particularly against the backdrop of realities that are…
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Nigeria’s power sector has recorded losses amounting to N365 billion in the first half of 2020, H1’20, attributable to insufficient gas supply, distribution and transmission infrastructure. This represents 23% increase…
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The World Bank has said that it would start the disbursement of the $750 million it approved for Nigeria’s Power Sector Recovery Programme (PSRP) next year and complete the exercise in 2023. Nigeria’s Power Sector Recovery Programme is…
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The new chief executive officer of Seplat Petroleum Development Company Plc, Mr Roger Brown, has said that local oil companies deserve special support from the federal government if oil production restriction, which requires reducing their…
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The Central Bank of Nigeria (CBN) has capped the maximum loan an obligor can access under its N250 billion intervention fund for the gas sector at N10 billion. This is contained in a guideline released on Monday, titled, “Framework for…
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