News

Total expects ‘first oil’ in Ikike oilfield by Q4 2021 cpeel-admin Sat, 04/10/2021 - 09:03

In its annual filing with the US Securities and Exchange Commission (SEC), French oil giant, Total announced an immediate plan to launch operational activities around its Ikike field, offshore Nigeria, by the end of 2021.

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More Uncertainty as Nigeria Revokes Four Addax Petroleum Licences cpeel-admin Sat, 04/10/2021 - 08:56

The Nigerian government through the Department of Petroleum Resources (DPR) has revoked the four oil licences belonging to Chinese-owned oil firm, Addax Petroleum Development Nigeria Limited, a development that continues to breed uncertainties in Nigeria’s oil

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OPEC+ Agrees to Gradually Boost Oil Output from May to July cpeel-admin Mon, 04/05/2021 - 08:37

Nigeria and other Organisation of Petroleum Exporting Countries (OPEC) has agreed to increase oil production gradually from May to July, responding to both internal and external pressure to supply more crude to the recovering global economy.

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Shale Oil Resilience Poses Another Nightmare for Nigeria, OPEC cpeel-admin Mon, 04/05/2021 - 08:23

Rebounding oil prices, increasing exploration activities and a more strategic approach from shale oil producers in the United States (US) are reopening 2014 scars for Nigeria and some of the biggest oil producers in the world, as they seek to support prices and reduce oversupply

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Nigeria Government Boosts West African Power Pool with $2m Contribution cpeel-admin Thu, 10/15/2020 - 11:49

The Federal government on Wednesday approved Nigeria’s contribution of $2 million to the 2020 budget of the West African Power Pool (WAPP).

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Electricity Customers Accuse DisCos of Charging Increased Tariff Despite Suspension cpeel-admin Thu, 10/15/2020 - 11:43

Electricity customers have accused power distribution companies (DisCos) of charging increased tariff despite its suspension by the Nigerian Electricity Regulatory Commission (NERC).

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Egbin Power to Spend $40m to Improve Electricity Generation cpeel-admin Thu, 10/15/2020 - 11:38

The management of Egbin Power plc has said that the electricity generating company will spend about $40million to overhaul its two units.

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NLNG Paid FG $18.3bn as Dividends in 20 Years cpeel-admin Thu, 10/15/2020 - 11:30

The Nigeria LNG Limited (Nlng) says it has paid over $18.3 billion to the Federal Government as dividend through its shareholding in Nigerian National Petroleum Corporation (NNPC) in the last 20 years.

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FG Rolls Out Guidelines for Operations of Downstream Gas Facilities cpeel-admin Thu, 10/15/2020 - 11:24

The Department of Petroleum Resources, DPR, has released guidelines for the establishment and operations of downstream gas facilities across the country. This is coming days after the gas explosion at Baruwa, Ipaja, Lagos, which claimed several lives and destroyed over 20 properties.

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Japan is Pouring Money into Hydrogen Fuel Research to Counter LNG cpeel-admin Thu, 10/15/2020 - 11:17

Nigeria’s revenue from Liquefied Natural Gas (LNG) sale may be impacted as Japan, is pouring money into research and development of hydrogen fuel to secure energy independence.

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