NERC places 6-month embargo on tariff hike for consumers

The Nigerian Electricity Regulatory Commission (NERC) has approved new electricity rates that are expected to start running from January 1, 2015 for Nigeria’s Electricity...

Senate to probe disbursement of N213bn power intervention fund – Saraki

President of the Senate, Dr. Bukola Saraki, has said in a statement that the Senate would look into disbursements of the N213 billion power...

Shell’s 17 onshore OMLs to expire by 2019

About 17 Niger Delta onshore Oil Mining Leases (OMLs) belonging to the Shell Petroleum Development Company of Nigeria Limited (SPDC), will expire in the...

FG set to implement energy efficiency standards

The Federal Ministry of Power Works and Housing, in collaboration with the European Union (EU) and its German partners in the Nigerian Energy Support...

NIMASA may ban indigenous ships from petroleum carriage

Scared by the decision of the possible ban by the Nigerian Maritime Administration and Safety Agency (NIMASA) of single haul ships from ferrying petroleum products, Nigerian...

Senate demands details of Auditor-General’s probe of NNPC accounts

Chairman, Senate Committee on Finance, Senator Ahmed Makarfi, on Thursday,asked the Auditor General of the federation, Mr. Samuel Ukura, to explain in writing, details of...

Reps probe sale of PHCN assets, billings by DISCOs

The House of Representatives on Thursday, moved to probe the status and sale of non-core assets of the Power Holding Company of Nigeria (PHCN),...

Indigenous oil firms record new strides in local content development

For several decades, the international oil companies, IOCs dominated the petroleum industry, especially the upstream sector, involving exploration and production of crude oil and...

DPR approves Ororo field environmental studies ahead of drilling campaign

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that Guarantee...

DPR seals over 35 filling stations in Imo, sensitizes public on LPG usage

No fewer than 35 filling stations have been sealed by the Owerri Zonal Operations Office of the Department of Petroleum Resources (DPR), for flagrantly...

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