Category: Energy and Power
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No repeat of past mistakes in 2020 marginal oilfield bids – DPR
The Department of Petroleum Resources (DPR) says there will not be a repeat of past mistakes made in previous exercises in the ongoing bid rounds for 57 marginal oilfields in the country. Mr Auwalu Sarki, Director, DPR, gave the assurance on Monday while delivering a keynote address at the Africa Marginal Oilfield and Independent Producers…
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PPPRA explains ambiguity in deregulation of petrol pump price
The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit (PMS) also known as petrol for marketers. PPRA Executive Secretary, Mr Saidu Abdulkadir made this known in a statement in Abuja on Sunday. Abdulkadir, however, said the agency would constantly, on a monthly basis, develop…
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Nigeria petroleum industry in dire need of strategic reforms, says policy expert
The Program Coordinator of the Nigeria Natural Resource Charter, Tengi George-Ikoli has said the nation’s petroleum industry is in dire need of strategic reforms. TheNewsGuru.com (TNG) reports the NNRC Program Coordinator stated this on Saturday during a media conference hosted on Instagram Live by Dayo Ibitoye, a public policy expert. During the conference that was…
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Ikeja Electric conforms to AEDC, announces new electricity tariff regime
Ikeja Electric Plc (IE) has conformed to Abuja Electricity Distribution Company (AEDC) and announced the introduction of a new tariff regime known as service reflective tariff. TheNewsGuru.com (TNG) understands there will be a marginal increase in the cost of electricity per kWh with the new tariff regime, and IE on Friday, as with AEDC, said…
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Nigerians groan as DisCos introduce new electricity tariff regime
Electricity distribution companies in the country have announced the introduction of a new tariff regime known as service reflective tariff. TheNewsGuru.com (TNG) understands there will be a marginal increase in the cost of electricity per kWh with the new tariff regime. While other electricity distribution companies in the country are yet to announce date the…
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Why exclusion of CSOs from 2020 marginal oil fields bid is bad for process
A coalition of Civil Society Organisations (CSOs) has decried their exclusion from the proposed Marginal Oil fields’ bid rounds announced by the Department of Petroleum Resources (DPR). The group’s protest was contained in a letter to the DPR, jointly signed by the National Coordinator, Publish What You Pay (PWYP) Nigeria, Peter Egbule; Executive Director Centre…
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Guidelines for 2020 marginal fields auction faulty, says expert
National Coordinator of Publish What You Pay Nigeria, Peter Egbule has said the guideline issued by the Department of Petroleum Resources (DPR) for the 2020 marginal fields bid round exercise is faulty. TheNewsGuru.com (TNG) reports Egbule made this assertion during a Twitter conference with the theme, ‘marginal oil fields auction: why citizens should be alert,…
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Trans Forcados pipeline under threat – Host communities
Host communities have raised an alarm over plans by a group known as Central Youth Body to vandalize the Trans Forcados pipeline (TFP). The group in a statement called on the Inspector General of Police to investigate the group threatening to vandalize the TFP line that crisscrosses several communities in Delta State. According to the…
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Power supply: Disaster waiting to happen in Sapele – Reps
The House of Representatives has urged the Federal Ministry of Power or its agency to set machinery in motion to commence the building of Sapele Power Station step down to connect the host communities of the Ogorode Sapele Power Plant to the national grid, noting that there is growing mass actions to shut down the…