Power supply drops by 400MW as Shell’s Afam VI is shut down

Nationwide electricity supply is expected to drop by 400 megawatts (MW) as the 650MW capacity Shell Petroleum Development Company’s (SPDC) Afam VI power 400MW...

ICPC not after PPPRA, says Stanley

The Petroleum Products Pricing Regulatory Agency (PPPRA) has dismissed allegations that the ICPC was investigating the agency over some alleged infractions. Reacting to the allegation...

NNPC says Minna Depot fire will not affect fuel distribution

The management of NNPC on Sunday said the fire incident at its Minna Depot would not affect petroleum products distribution. A statement issued by the...

Consensus to tackle oil theft elusive in Nigeria, says Report

One major preoccupation of the federal government is how to check the growing incidence of theft of crude oil, but a report by Standard...

Chevron reports third quarter net income of $5.0 billion

Chevron Corporation Friday reported earnings of $5.0 billion ($2.57 per share - diluted) for the third quarter 2013, compared with $5.3 billion ($2.69 per...

Lekoil gains Ogo funds in $100m placing

Lekoil has raised around $100 million in a London share placing to fund drilling, testing and appraisal of the Ogo oil discovery off Nigeria. The...

Oando, MFBs to drive cooking gas consumption

A petroleum product retailer, Oando Marketing Plc, has signed a Memorandum of Understanding with the National Association of Microfinance Banks to encourage the mass...

NNPC GMD, Warri refinery MD absent at senate probe panel meeting

Officials of Nigeria National Petroleum Corporation (NNPC) and Managing Director of the Warri Refinery and Petrochemical Company Thursday stayed away from a meeting called...

Chevron withholds award letter on oil deal from Brittania-U

Chevron Nigeria Limited, which offered three oil blocs for open bidding, appears to now be foot-dragging in releasing the bid winner’s award letter to...

We have over 100 illegal petrol stations in Oyo – IPMAN

There are over one hundred illegal filling stations operatin in Ibadan, Oyo State, the Operations Controller of Independent Petroleum Marketers of Nigeria (IPMAN), Mr...

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