Energy articles

NNPC records N18.12 bn monthly trading surplus in May

NNPC records N18.12 bn monthly trading surplus in May

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12bn for the month of May 2018, a performance which is relatively higher than the trading surplus of N17.16bn recorded in the preceding month. Details of the transactions contained in the recently released May 2018 edition of the Monthly NNPC Financial and Operations

NNPC, China sign agreement on Oilfield Services, Research & Dev’t

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) in China with the China National Offshore Oil Corporation (CNOOC) towards developing Nigeria’s oilfield services as well as boosting research and development in the oil and gas industry. The MoU signing, the third in the series within the week, by the NNPC

NNPC disowns trending phoney recruitment exercise

The Nigerian National Petroleum Corporation (NNPC) has disowned a recruitment advertisement currently trending in the social media. The advertisement, set in NNPC’s corporate colour with its logo and a corporate picture, sets candidates’ entry requirements to include: Master’s degree, Bachelor’s degree, Higher National Diploma (HND) and National Diploma. A release by the NNPC Group General

Hiccups in power generation not due to drop in gas supply-NNPC

The Nigerian National Petroleum Corporation (NNPC) on Wednesday emphasized the availability of enough gas for power generation noting that the recent drop in electricity generation was as a result of some factors outside its control. The NNPC stated that as critical partners in the electricity generation matrix, it is willing to work with other stakeholder

Baru charges AKK pipeline project financiers on timely delivery

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru in Dubai, United Arab Emirates directed the Chinese Consortium and the NNPC Project Team on the Ajaokuta-Kaduna-Kano (AKK) Pipeline Project to ensure timely finalization of the term sheet for the project’s contractor financing agreement. The Chinese consortium is made up of Bank

Leave us out of your political bickering NNPC tells NASS

The Management of the Nigerian National Petroleum Corporation (NNPC) has distanced the national oil company and its Group Managing Director, Dr. Maikanti Baru from the ongoing political tango in the National Assembly and the trending reports in some section of the media insinuating that the Corporation’s helmsman had doled out funds to effect the impeachment

Oil spill: Bayelsa community protests, accuses Shell of neglect

The people of Bakiri community in Ekeremor Local Government Area of Bayelsa State have embarked on a peaceful demonstration against the alleged neglect and indifference by an oil major, Shell Petroleum Development Company. The indigenes lamented that over two months since oil spill from the oil multinational’s pipeline polluted their creeks, the company had yet

No point misleading the public, Nigeria can’t generate more than 5,000 MW for now – Oduntan, ANED spokesperson

The Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors, Mr. Sunday Oduntan, in this interview with TUNDE AJAJA, speaks on the lingering disagreement with the regulators, the challenges of the distribution companies and the way out of the crisis in the sector The altercation between the Minister of Power, Works and Housing, Mr.

Metering: You’re wrong, power distributors reply Fashola

Most of the statements made last week Monday by the Minister of Power, Works and Housing, Babatunde Fashola, about the power sector are false, according to the electricity distribution companies. They said on Tuesday that comments made by the minister on metering, power generation and transmission capacities and stranded electricity, among others, were significantly distorted.

End estimated billing, enforce metering, FG orders NERC

The Federal Government on Monday ordered the Nigerian Electricity Regularly Commission to enforce the contract mandating power distribution companies to provide meters to customers and eliminate estimated electricity bills in the power sector. It said the directive to NERC became vital following the number of complaints coming from power consumers on meters, which the Discos

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