Energy articles

Up Close with Bala Wunti NNPC’s ‘Mr Strategy’

Up Close with Bala Wunti NNPC’s ‘Mr Strategy’

They exist in every entity where deliberate planning and management of resources for the good of all stakeholders is key. They are found in every legal enterprise that holds dearly to the ideals of corporate governance, due diligence and attainment of strategic task and targets across operational value chain. Yes, it is a given that

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

Buhari group tackles Obasanjo: Answer the question — where’s the power?

The Buhari Media Organisation (BMO) says ex-president Olusegun Obasanjo is yet to answer President Muhammadu Buhari’s question on the $16 billion power expenditure from 1999-2007. On Tuesday, Buhari queried the funds said to have been expended on power projects during the Obasanjo administration. “Where was the power after a former president claimed to have spent

PIB: NNPC recommends splitting of petroleum licences

The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry Administrative legislation currently before the National Assembly. In a presentation at the Public Hearing organized by the House of Representatives Committee on the Petroleum Industry Administrative Bill (PIAB), Petroleum

INVESTIGATION: Cartels, empty stations and dashed hopes in the quest for kerosene

Driving through the dusty, uneven and untarred roads filled with brick red sand and pot holes as deep as craters, Mosimi, in the Sagamu area of Ogun state, seems like a million miles away. Navigating sharp bends on winding roads, driving slowly behind heavily loaded trucks and maneuvering between oil-bearing tankers is a travelers’ nightmare

OTC no longer jamboree says Baru

The Group Managing Director of the Nigeria’s National Petroleum Corporation, (NNPC), Dr. Maikanti Baru said Nigeria’s participation at the annual Offshore Technology Conference (OTC) in Houston, Texas, United States of America, had grown from mere jamboree-like activity in the 1990’s to a fully-fledged engagement where indigenous oil services companies parade their competencies and proven job

Tinubu, Adenuga, Elumelu, others own 49 expired oil block licences — Investigation

Nigerian billionaires, international oil companies and other operators have been identified as owners of the 49 oil block licences some of which expired since 2010. Our correspondent gathered that nine Oil Mining Leases (six of which are currently producing) and 40 Oil Prospecting Licences, many of which were awarded during the administration of President Olusegun

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