Archives for ENERGY - Page 24
Seplat Energy, ExxonMobil Transaction: No Event of Cancellation occurred
Seplat logo Seplat Energy has become aware of newspaper and social media reports that the Nigerian National Petroleum Company Limited (NNPC) has exercised a right of pre-emption under the…
NNPC releases additional 381.8 million litres of fuel
NNPC logo The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National Petroleum Company Limited that it has been releasing hundreds…
NNPC warns against fuel price hike
NNPC logo The Nigerian National Petroleum Company Limited (NNPC) has sounded a note of warning to marketers against selling petrol above the official price. The Group Managing Director, Mele Kyari,…
NNPC objects to Exxonmobil $1.6bn oilfield asset sale
NNPC logo In a dramatic twist, the Nigerian National Petroleum Company (NNPC), Limited has cancelled Mobil Producing Nigeria Unlimited $ oilfield asset sale to Seplat Energy Offshore, a wholly…
100 Youths Begin NCDMB/ITF Vocational Training
Hundred Nigerian youths have commenced training in the vocational skills programme sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) and facilitated by the Industrial Training Fund (ITF).…
Fuel subsidy: Labour fumes as IMF warns FG against fresh borrowings
Fuel Following the Federal Government’s plan to extend the fuel subsidy regime by 18 months, the International Monetary Fund has said Nigeria will likely depend on overdrafts from the…
Nigeria Loses $380bn, 2m Jobs in 50 Years Over Local Content
Engineer Simbi Simbi Kesiye Wabote By Ngozi Onyeakusi---The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engineer Simbi Kesiye Wabote, said Nigeria lost over $380 billion and two million…
We’ll Handle Erring PMS Suppliers, House C’ttee Tells Nigerians
The Chairman, House of Representatives Committee on Petroleum (Downstream), Hon. Abdullahi Mahmud Gaya has assured Nigerians that his Committee will handle companies who imported methanol-blended Premium Motor Spirit (PMS) into…
NUPENG set for strike, insists ministry diverting N621bn road fund
NUPENG logo The Nigeria Union of Petroleum and Natural Gas workers on Sunday declared its support for the imminent industrial action by the Petroleum Tanker Drivers branch of NUPENG and…
Fuel sells for N400/litre in Abuja, others, scarcity persists in Lagos
Residents of Abuja and neighbouring states of Niger and Nasarawa are still facing tough times sourcing for Premium Motor Spirit, popularly called petrol, with the commodity selling for as high…