Energy

As the power outages nationwide continue to worsen, most parts of the city of Lagos last week experienced one of its worst blackouts in recent times.                  ...

The Lagos State Government says it is committed to the generation of adequate electricity for residents and other end-users in the state. The Commissioner for Energy and Mineral Resources, Mr Taofiq Tijani, gave the assurance in a statement on Saturday...

Oil supply from non-OPEC countries will grow less than expected in the first quarter of this year, the International Energy Agency (IEA) said on Wednesday, leaving its global oil demand growth forecast unchanged. The agency, which advises industrialise...

The National Union of Petroleum and Natural Gas Workers (NUPENG) has put its planned strike on hold following the intervention of government and all other stakeholders in the industry, a statement issued by the Nigerian National Petroleum Corporation (...

Mr David Ige, Executive Director (Gas and Power) at the Nigerian National Petroleum Corporation (NNPC), on Thursday reiterated the country's resolve to reduce gas flaring in the next two years. He said this at theAnnual Oloibiri Lecture Series of t...

Mr Augustine Nwokocha, the Rivers Commissioner of Information and Communication, on Wednesday said that the state Independent Power Generation Initiative would increase power generation to 720 mega watts by 2013. He disclosed this in a statement made a...

Chrome Group, one of the major players in the oil and gas sector in Nigeria, has acquired new anchor vessels for onshore-offshore and deep water oil and gas services. The vessels were acquired through one of its subsidiaries, Kaztec Engineering Limited...

As part of measures to ensure complete transparency and effectiveness in the operations and management of the nation’s downstream oil and gas sector, the Petroleum Products Pricing Regulation Agency (PPPRA) and the Department of Petroleum Resourc...

The Department of Petroleum Resources (DPR) has said Nigeria will not attain zero gas flaring but would in the nearest future reduce the volume of gas being flared, particularly when the necessary legislative framework is put in place.  According ...

The Satellite Depot under the Western Zone of Independent Petroleum Marketers Association of Nigeria (IPMAN) in Lagos has commenced sales of kerosene at N50 per litre in their filling stations to Lagos residents. LEADERSHIP checks on the sales of the p...

The Minister of Power, Prof. Barth Nnaji, has said that investments of up to $100 billion  were needed for the country to produce, transmit and distribute 40,000MW of electricity by year 2020. The minister who was speaking on a topic entitled: &ls...

The Director of Energy, Markets and Security, International Energy Agency  (IEA), Didier Houssin, has said Nigeria would be among the oil exporting nations that would help to cushion the adverse effect of losses in the international oil market due...

Chevron said it has reduced the gas inferno in the Niger Delta region  to a considerable level and that the fire would be extinguished in two weeks time. According to the company, it will achieve this in record time by channeling the burning gas i...

Despite being blessed with abundant human and natural resources, which are the basic ingredients for a prosperous nation, Nigeria, regrettably, suffers from resource curse. Industry chiefs, at the recently concluded 2012 Nigeria Oil and Gas (NOG) confe...

Although everything appears to be going on well in the Nigerian power sector, economic and business permutations left open to the country on stable power supply  suggest otherwise given the realities on ground. Ever since the launching of  th...