News

Oil Companies Eye Billions in Savings on Process Digitalisation

Prolonged low oil prices environment is making oil companies speed up the digitalisation of processes to push down operating costs, save billions of dollars, promote transparency and optimise value creation.

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Despite COVID-19, MOJEC Installed Over 32,000 Meters in Agust

Leading meter asset provider, MOJEC Meter Assets Management Company (M3AC), a subsidiary of MOJEC International Limited has so far been able to the install over 32,000 prepaid meters in August 2020, despite the restrictions necessitated by the Coronavirus (COVID-19 pandemic).

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NNPC to Adopt NLNG Model in Refinery Rehabilitation, Sets 3 Years Target

Mele Kyari, the Group General Manager of the Nigerian National Petroleum Corporation, NNPC late Wednesday said the federal government has advanced conversation in adoption the NLNG model in the rehabilitation of the three major refineries in the country,emphasising a three year

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PH DisCo in Fresh Turmoil as Workers, Afam Community Stage Separate Demonstrations

The Port Harcourt Electricity Distribution Company (PHED) may be swimming in fresh turmoil on both ends as its workers began picketing of its offices in four states at the same time the Afam community, its host community in Rivers State, staged a demonstration.

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Oil Marketers' Revenue to Drop by N4.3trillion in 2020- Agusto& Co

Agusto & Co, an indigenous African credit rating agency is forecasting a revenue fall of about N4.3 trillion by oil marketers in Nigeria due to the economic impact of Coronavirus pandemic on fuel consumption.

 

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Despite Missing 2020 Deadline Nigeria's Gas Flare Rate Decreases Steadily

Nigeria’s ambitious objective of commercialising gas flares from the country’s over a hundred flare sites appears to be yielding positive outcomes, despite missing the 2020 deadline to end all flares.

 

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Unsustainable Fuel Subsidy Gluped Over N10trn in 14yrs- FG

The Federal Government on Monday stressed that it can no longer sustain the subsidy on petrol, disclosing that the ‘unsustainable’ policy gulped N10.413 trillion in the last 14 years, from 2006 to 2019.

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Nigeria's Buhari Says No Going Back on Subsidy Removal

Nigeria’s President Muhammadu Buhari on Monday reiterated that the country was not going back on the cancellation of the subsidy regime that has plagued the petroleum sector for a long time.

 

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Meter Manufacturers Ask to Review Levies on Imported Finished Electricity Meters

Following President Muhammadu Buhari’s approval of one-year deferment of the 35 percent import levy on electricity meters to help improve Nigeria’s electricity meter deficit, the Electricity Meter Manufacturers Association of Nigeria (EMMAN) has asked the Federal Government to review

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NNPC Says Local Content Major Consideration for Lifting Nigerian Crude Grades

The Nigerian National Petroleum Corporation (NNPC) has said that compliance with Nigerian Content Act would be a major consideration in the selection of applicants to lift Nigerian crude oil.

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