Category: Energy and Power
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BREAKING: NNPC announces oil production milestone
The Nigerian National Petroleum Corporation (NNPC) and FIRST Exploration and Petroleum Development Company Limited (FIRST E&P) joint venture (JV) have announced the commencement of oil production from Oil Mining Leases (OMLs) 83/85. Discovered 42 yrs ago, the Anyala Field located in OML 83/85 is a shallow water asset. This remarkable milestone, the NNPC said will…
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2021 budget: Reps threaten to delete NERC’s N2bn request for office furniture
…say it lacks contractual details The House of Representatives on Wednesday threatened to delete Nigeria Electricity Regulatory Commission, (NERC), N2 billion request in the 2021 budget, to partition and furnish its headquarters in Abuja. Chairman of the Commission, James Momoh disclosed this when he appeared before the House of Representatives Committee on Power, to defend…
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BREAKING: Explosion rocks NNPC production facility
An explosion has been reported at a production facility in Oil Mining Lease (OML) 40, involving partners of the Nigerian Petroleum Development Company, Elcrest Exploration and Production Nigeria Limited. TheNewsGuru.com (TNG) reports the explosion occurred while production evacuation was being carried out at the Gbetiokun Early Production facility. The NPDC, an upstream subsidiary of the…
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Nigerians to receive high electricity bills from November
After weeks of deliberations between the federal government and labour unions, electricity distribution companies in the country have resumed implementation of the earlier suspended service reflective tariff. TheNewsGuru.com (TNG) reports the electricity distribution companies started informing customers that with effect from 1st November 2020, the revised service reflective tariff would come into force as approved…
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DPR prohibits cylinder to cylinder gas refilling – Official
The Department of Petroleum Resources (DPR) has warned Liquefied Petroleum Gas (LPG) retail outlets against cylinder to cylinder gas refilling and decanting because of the associated risks. Mr Sadeq Ibrahim, Operations Controller, Yola DPR Office, gave the warning at a one-day sensitisation meeting with gas retailers in the state held on Monday in Yola. Ibrahim…
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DPR says 2020 marginal oilfield bid still on
The Department of Petroleum Resources (DPR) says the bid round process for its 57 marginal oilfields in the country is still ongoing. Mr Paul Osu, Head, Public Affairs, DPR, who made this known on Friday in Lagos, said the bidding process is not completed yet. “The 2020 marginal oilfield bid round process is still ongoing…
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Hon Nwawuba addresses intricacies of PIB
Given the delay in the passage of the Petroleum Industry Bill (PIB), the Deputy Chairman, House of Representatives Committee on the Niger Delta, Hon Henry Nwawuba has said care must be taken for the National Assembly (NASS) not to pass a bill that will not be of any good to the Nigerian oil and gas…
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DPR remits $1.03 billion in royalties, legacy debts to FG
The Department of Petroleum Resources (DPR) has said it remitted 1.03 billion dollars to the Federation Account from oil and gas royalties and legacy debts. DPR’s Director, Mr Sarki Auwalu made this known in a statement issued on Tuesday in Lagos. Auwalu said this was achieved through robust regulatory reforms that had been put in…
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Why blackouts persist in 4 states – Port Harcourt DisCo
The Port Harcourt Electricity Distribution Company (PHED) has blamed the persisting blackouts in Akwa Ibom, Bayelsa, Cross River and Rivers on the picketing of its offices by aggrieved workers. Mr John Onyi, Manager, Corporate Communications, PHED, disclosed this in an interview with the News Agency of Nigeria (NAN) on Thursday in Port Harcourt. NAN reports…
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Edo refinery begins production Sept
The management of the multi-million naira Edo Modular Refinery and Petrochemicals Limited says the project is 99 per cent completed and will commence operation end of September. Segun Okeni, Head Quality, Health and Safety/ Community Relations of the company, disclosed this on Tuesday during an inspection tour to the site at Ologbo, Ikpoba-okha Local Government…