TCN announces planned outage in parts of Abuja.
Transmission Company of Nigeria, TCN, Abuja Region has announced a planned preventive maintenance at the…
Dont derail govt’s policy on decentralized electricity market.
Operators in the Nigerian Electricity Supply Industry have been told to avoid actions that could threaten the decentralisation of the electricity market. The Minister of Power, Chief Joseph Tegbe,Made it loud and clear at the workshop on Legal, Policy and Regulatory Harmonisation between federal and state institutions on the Decentralisation of the Nigerian Electricity Supply…
High cost of Borrowing threatens Nigeria’s economic recovery- OPEC
Nigeria’s economic recovery could come under renewed pressure from persistently high borrowing costs and inflation despite stronger crude oil production and ongoing economic reforms, the Organisation of the Petroleum Exporting Countries (OPEC) has warned. In its July Monthly Oil Market Report, OPEC said Nigeria’s near-term economic outlook remains positive, supported by higher oil production, improving…
NDPHC begins restoration of 225MW Gbarain plant
The Niger Delta Power Holding Company (NDPHC) has officially commenced the restoration of the 225MW Gbarain National Integrated Power Project (NIPP) in Bayelsa State, officially handing over the power plant to the Original Equipment Manufacturer (OEM), Schneider Electric/TILT Energy, for the commencement of rehabilitation works. The Managing Director/Chief Executive Officer of NDPHC, Engr. Jennifer Adighije,…
NUPRC Commends ExxonMobil’s $1bn Investment, Awards PPLs to Winners of 2024 Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commended ExxonMobil and its partners for committing $1 billion to the on-block activities for the Usan Infill Project in OML 138. The Head, Media and Corporate Communications, Eniola Akinkuotu, who made this known, said the Commission’s Chief Executive, Mrs. Oritsemyiwa Eyesan, gave the commendation at the 25th…
oil output hits 1.7m bpd – NNPCL
The Nigerian National Petroleum Company Limited (NNPCLtd) says it signed agreements of more than US$20 billion in Gas Sale and Purchase Agreements (GSPAs) covering 1.29 billion standard cubic feet per day for long-term LNG feed gas and 750 million standard cubic feet per day for domestic industrial gas supply to DFL FZE and Dangote Refinery….
OPEC+ to raise oil production by 188,000 bpd in August
Seven OPEC+ countries agreed on Sunday to increase oil production by 188,000 barrels per day (bpd) in August 2026. The decision was reached during a virtual meeting of Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman to review global oil market conditions and the outlook. The production adjustment stems from the additional voluntary cuts…
NNPC begins evaluation on Rehabilation of Warri and Port harcourt refineries
The Nigerian National Petroleum Company Limited has said the recently signed Memorandum of Understanding with Chinese firms for the rehabilitation and operation of the Port Harcourt and Warri refineries has entered a rigorous evaluation phase, insisting that the arrangement is aimed at creating profitable and self-sustaining refining assets. The Group Chief Executive Officer of NNPC…
TCN announces planned outage in parts of Abuja.
Transmission Company of Nigeria, TCN, Abuja Region has announced a planned preventive maintenance at the Katampe 132/33 KiloVolt (kV) Transmission Substation on Saturday from 9:00am to 4:00pm. General Manager, Public Affairs of the TCN, Mrs Ndidi Mbah, made this announcement in a statement in Abuja on Saturday. Mbah said the scheduled maintenance is to enable…
FG orders marketers to reduce fuel price
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure petroleum marketers do not exploit Nigerians through excessive pricing under the deregulated downstream petroleum market. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, gave the directive in Abuja while delivering the keynote address at the NMDPRA General…
Dangote Refinery imports first crude from UAE
The Dangote Petroleum Refinery has purchased two cargoes of crude oil from the United Arab Emirates, UAE. S&P Global Commodity Insights reports that the latest crude import from the UAE is the first-ever procurement of Middle Eastern crude as the plant expands its feedstock sources amid persistent domestic supply constraints from Nigerian National Petroleum Company…
