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Tuesday, March 9, 2021
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CATEGORY

Energy

Senate Commends Transcorp, Geregu Power for Meeting Performance Targets

The Senate Committee on Power, at the just-concluded three-day investigative hearing on the power sector recovery plan, submitted that only two of the six...

World Bank Approves $750m loan for Nigeria’s Illiquid Power Sector

The board of the World Bank on Wednesday approved Nigeria’s long-standing request for about a billion dollars, releasing the first tranche of $750million credit...

NNPC Unveils New Board Members in Line with Federal Character

The Nigerian National Petroleum Corporation (NNPC) has unveiled a new 6-man External Board of Directors which in all intents and purposes is in line...

Oil prices continue Steady Rise Since April Lows

U.S. benchmark crude futures rose 2.3 percent Friday to close at the highest level since March 6. The 9.6 percent increase for the week marks...

Crude Oil Advances Near $40 as Traders See Swift Demand Pickup

Crude oil advanced to around $40 a barrel in New York as trading houses Vitol SA and Trafigura Group said global demand is recovering...

Seplat Transfers 3 Oil Wells from Holding Co to Subsidiary

Seplat Petroleum Development Company Plc, a Nigerian indigenous oil and gas company dual listed on the Nigerian Stock Exchange (NSE) and London Stock Exchange...

Electricity Sector Held Hostage by DisCos Unpaid NBET Invoice of N123bn

Nigerian Electricity Distribution Companies (DisCos), are holding the entire power chain (from gas producers to consumer’s), hostage as the unpaid invoice owed to the...

NNPC 2018 Financial Statements Show Refineries a Major Drag on results

In a move considered unprecedented in the annals of the Oil and Gas Industry in the Country, the Nigerian National Petroleum Corporation (NNPC) has made public...

IOCs Expected to Complete These Nigeria Divestment Transactions in 2020

International Oil Companies (IOCs) operating in Nigeria are expected to forge ahead with the completion of a number of large transactions in 2020. Analysts say...

Goldman sees Brent at $35 as Investors Worry about Gulf Oversupply

Crude oil futures fell Tuesday amid worries about compliance with a newly-extended OPEC+ pact to cut production by nearly 10 million barrels, as Goldman...

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