Energy
Oil & Gas and Power Sector related news
NUPENG gives reasons it directed petroleum tanker drivers to embark on strike in Lagos
NUPENG said its members are being consistently extorted, intimidated, harassed and victimized by different groups.
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Update: Fuel scarcity looms as NUPENG directs Tanker drivers to withdraw services in Lagos
This was disclosed in a press statement by NUPENG on Friday, August 7, 2020.
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NNPC signs agreement with CNOOC, SAPETRO to end OML 130 disputes
The agreement is expected to help resolve disputes stemming from Oil Mining Lease (OML).
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Nnaemeka Ewelukwa assumes office as new MD/CEO of NBET
Dr, Eweluka replaced the sacked Dr. Amobi as NBET Chief before full assumption in August 2020.
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IPMAN orders fuel marketers to sell fuel at old rate until new directive from PPPRA
The ex-depot price is the price at which depot owners sell petroleum products to retail marketers.
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NNPC records 43% drop in pipeline vandalism in May
Mosimi-Ibadan pipeline axis accounted for 38% of the vandalized points.
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FG increases fuel pump price to N138.62 per litre
Kerosene would be sold for N160 at depots and diesel is set at N160 per litre in Lagos.
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Biggest oil trader, Vitol, in record compensation, pays over $6 million each to top employees
The share buyback which is Vitol’s main way of rewarding its top employees.
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Malabu Scandal: Shell writes down OPL 245 License
The company also announced that its upstream division had losses of $6.7 billion
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FG approves N8.64 billion for Phase 1 of Presidential Power Initiative
Phase 1 of the PPI includes projects in transmission, distribution, metering, simulation & training.
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