Archives for ENERGY - Page 71
FG, Investors Negotiate Fresh Terms on Sale of Power Stations
As the federal government resumes privatisation of some national assets, THISDAY learnt at the weekend that negotiation of fresh terms has begun with preferred bidders of three…
NNPC Seeks Increase Of Retail Outlets
The Nigerian National Petroleum Corporation (NNPC) says it is set to increase its 14 per cent market share in the nation’s downstream petroleum retail market. The Group…
Refineries’ upgrade suffers delay, NNPC records N68bn loss
The proposed rehabilitation of the nation’s ailing refineries has suffered delays as the third-party financiers for the project have yet to be announced, more than a year after…
FG Targets 9,000Mw Power Generation Level In 54 Days
The Federal Government on Tuesday said it was doing everything possible to increase the nation’s power generation level by 2,000 megawatts from the current 7,000mw to 9,000 megawatts…
Finance Ministry Denies Knowledge Of Alleged NNPC’s $3.5bn Subsidy Fund
By Ngozi Onyeakusi --- The Federal Ministry of Finance has denied knowledge of a $ billion fund allegedly kept and utilised by the Nigeria National Petroleum Corporation (NNPC)…
Dangote Refinery Explains Agenda For Euro V Specification
Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and…
Probing failure of FG’s Greenfield Crude Oil Refineries in Nigeria
By Ngozi Onyeakusi In the light of NNPC’s proposal to construct two 100,000 bpdgreenfield refineries in Delta and Imo States, BudgIT, a civic technology organization at…
Shell MD Okunbor, Two Others Bag Three Months Jail For Disobeying Court Order
Federal High Court sitting in Port Harcourt has sentenced the Managing Director, Shell Petroleum Development Company, Mr Osagie Okunbor, and two others to three months in prison with…
NNPC Records N18.12bn trading surplus in one month
By Ngozi Onyeakusi The Nigerian National Petroleum Corporation (NNPC) on Monday dclosed that it has recorded a trading surplus to the tune of for May 2018.…
FG Gives Oil Firms 2019 Ultimatum To End Gas Flaring
The Federal Government has ordered Exploration and Production (E & P) companies operating in the upstream sub-sector of the nation’s hydro-carbon resources industry to end gas flaring…
