News

How Nigeria Plans to Increase Bi-fuel Vehicles Count on Roads

The Federal Ministry of Petroleum Resources is fiddling with an ambitious programme that aims to increase the number of bi-fuel vehicles on Nigerian roads as a component of the National Gas Expansion Programme (NGEP).

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Three Reasons Why Nigeria Should not Expect an Oil Rally Soon

Nigeria, like other oil-producing countries, is suffering from the double whammy of the coronavirus-related economic slowdown and the oil price crash and a rally may not be here soon for three reasons.

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N3Bn Monthly Revenue Loss: Smart Meters Coming to Fight Energy Theft in Port Hacourt Zone

Solution may be on the way to eliminate or reduce the monthly revenue loss of about N3Bn suffered by the Port Harcourt Electricity Distribution Company (PHED) and save the energy distribution system of the power sector.

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Shell Employees Launch N82M Free Feeding Programme at Isolation Centers

Employees of Shell companies in Nigeria have launched free feeding programme in COVID- 19 isolation centres in seven states under the Shell Employee Care Programme, the General Manager External Relations of Shell Nigeria, Igo Weli, said in a statement issued on Sunda

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Norway Shows Nigeria How to Boost Oil Investment with Tax Relief

The decision of Norway to grant tax relief packages to Equinor and other companies hit by low crude prices is expected to increase oil and gas investment within the region, a development that holds lessons for Africa’s biggest oil-producing country.

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Stricter Adherence to OPEC Cut May Worsen Oil and Gas GDP of-6.6%

Oil and gas GDP of – 6.6 percent may worsen if Nigeria adhere strictly to its production cut agreement with other major oil-producing countries, a decision which may bite harder on the people in 2020 fiscal year as the federal government adjusts to the realities of d

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Should a Deregulated Downstream Sector Continue to Have Petroleum Equalisation Fund?

The inability to maintain equal price for petrol across the country despite forced removal of subsidy and Nigerians paying billions has put to questioning the continuous relevance of the Petroleum Equalisation Fund.

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Slow Reform May Worsen COVID-19 Induced Negative Growth in Nigeria's Petroleum Sector

After sluggish growth in the first three months of this year, Nigeria’s petroleum industry has crawled into negative growth mode thanks to COVID-19 induced shut-down of world economies, and recovery requires quickened reforms in the sector.

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6000bpd Edo Refinery for Commissioning September on DPR's Final Approval

The 6,000 barrel per day (bpd) capacity Edo Refinery and Petrochemicals, a private modular refinery project that enjoys the support of the Federal and State government, is billed for commissioning next month pending approval by the regulator.

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$10m Edo Refinery for Commissioning in September on DPR's Final Approval

The 6,000 barrel per day capacity Edo Refinery and Petrochemicals, a private modular refinery project that enjoyed the support of the Federal and State government, is billed for commissioning next month pending approvals by the regulator.<

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