The consolidated operational performance of Nigeria’s three refineries based on their capacity utilisation was below 15 per cent in 2016, the Nigerian National Petroleum Corporation said. Nigeria’s refineries are the Warri Refining and Petrochemical Company located in Delta State, Port Harcourt Refining Company in Rivers State, and the Kaduna Refining and Petrochemical Company in Kaduna […]
Read More
Petrol subsidy is back to the nation. The Nigerian National Petroleum Corporation has been offsetting for months the difference between the landing costs of petrol and the pump price. In series of interviews with knowledgeable players in the sector, NAN can report authoritatively that the landing costs per litre of petrol is higher than the […]
Read More
The nation production of gas has faced a consistent rise following the gradual decline in the spate of vandalism of oil and gas facilities across the country. Specifically, the latest report from the Nigerian National Petroleum Corporation showed that the gas production rose by 55.1 billion standard cubic feet between September and November last year, […]
Read More
A Memorandum of Understanding between Italian oil giant ENI and Nigerian National Petroleum Corporation was signed in Rome yesterday, with ENI committing to the refurbishment of the Port Harcourt Refinery. The company also agreed to build Phase 2 of Okpai Power Plant and to further invest in Nigeria’s Oil and Gas industry. The Minister of […]
Read More
The frequency of system collapse in the nation’s power sector in recent times has resulted in prolonged blackout in many locations across the country. Findings showed that between January 15 and January 19, 2017, the country recorded two cases of total system collapse and three partial ones. Specifically, the total collapse of the power grid […]
Read More
Oil prices settled up on Monday, as Saudi Arabia’s commitments to reducing production offset a report forecasting U.S. output would again rise this year. The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut production by 1.2 million barrels per day (bpd) to 32.5 million bpd from Jan. 1 in an attempt to […]
Read More The Group General Manager, Group Public Affairs Division, the Nigerian National Petroleum Corporation, Mr. Ndu Ughamadu, says the corporation has resumed loading of petroleum products in all its depots nationwide. Ughamadu made the disclosure in a statement on Saturday in Abuja. He said that the resumption of activities at the depots across the country followed […]
Read More
Exportation of crude oil and production; hit a fresh disruption with the shutdown of the Trans Niger Pipeline, one of two major pipelines transporting the Bonny Light crude grade for export, report showed. The TNP, which is operated by Shell Petroleum Development Company of Nigeria Limited, was shut by the oil major after a fire at Kpor […]
Read More
Transmission Company of Nigeria on Wednesday wheeled out about 3,959 megawatts of generated electricity to the 11 distribution companies as the country’s power supply gradually stabilised. The power generation data is obtained from daily forecast on the Nigerian Electricity System Operator website. The daily power statistics posted by SO, a section of the TCN, shows […]
Read More
Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere, report according to Bloomberg. In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents […]
Read More The Nigerian National Petroleum Corporation (NNPC) on Wednesday released names of 39 bidders for the sale and purchase of Nigerian crude for 2017/2018. Announcing the results on its Website, the Group General Manager, Crude Oil Marketing Division NNPC, Mr Mele Kyari, said the contract would run for one year effective from Jan. 1 for consecutive […]
Read More
Almost 300 tonnes of oil spilled into Malaysian and Singaporean waters after two container ships collided in a Malaysian port, officials said Wednesday. “The oil spill has been contained,” a local maritime official told AFP after Tuesday’s accident in the busy port of Pasir Gudang in Malaysia’s southern state of Johor bordering Singapore. The Singapore-registered […]
Read More
