Indonesia firm to build 10,000bpd refinery in Nigeria

Indonesian firm, PT Intim Perkasa Nigeria Ltd, a subsidiary of PT Intim Perkasa, Indonesia, has indicated interest in building a 10, 000 barrel per...

S.Africa to build 9,600MW nuclear project, maybe one of the world’s...

Russian energy group Rosatom is a contender for South Africa's nuclear expansion project and the country will award the contract by the end of...

Oil prices edge up; rises up this year lows amid exports...

Oil prices on Friday bounced up off the year's lows as some producers reduced exports and U.S. rig additions slowed, but the rebound was...

Oil hits 6-week low as OPEC fails to curb oversupply

Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts about OPEC's ability to implement agreed production cuts.Brent...

DPR to commence e-licensing of fuel dealers in Bayelsa

The Department of Petroleum Resources (DPR) says it has concluded plans to commence online licensing and renewal of operating licences for fuel dealers in...

NNPC grows power supply by 3,056mw

The Nigerian National Petroleum Corporation, NNPC, yesterday, said it supplied 689 million standard cubic feet of gas per day, mmscfd to power plants in...

NNPC attributes ₦34bn Q1 loss to crude production slumps

The group financial performance of the Nigerian National Petroleum Corporation recorded its third consecutive monthly loss in March as the oil firm reported a...

SERAP sues FG over failure to distributes free pre-paid meters

The Socio-Economic Rights and Accountability Project (SERAP) is suing the Federal Government over what it has described as “their collective failure, refusal and negligence...

Nigeria power station expected to add 340 magawatts

The Federal Government has embarked on an incremental power project to boost power generation in Nigeria.The Minister of Power, Works and Housing, Babatunde Fashola,...

Declaration of force majeure bounces oil up 1 per cent

Oil prices rose about 1 percent on Friday, bouncing a bit from steep falls earlier in the week as a declaration of force majeure...

Nigeria’s oil export rises as Shell lifts Forcados force majeure

Shell Petroleum Development Company of Nigeria Limited has lifted the force majeure on exports of the country’s Forcados crude oil, bringing all of the...

Renewable energy employs 15,000 Nigerians

The International Renewable Energy Agency (IRENA) has said no fewer than 15,000 people were employed in the renewable energy sub-sector of the power industry...

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