OPEC and its allies will not hold their emergency virtual meeting on Monday and will likely postpone it until April 8 or 9 to allow more time for negotiations among oil producers on crude supply cuts, two OPEC sources said on Saturday. Reuters
The federal government will deliver about 3.4 billion standard cubic feet of gas per day to bridge the medium-term supply gap by 2020. The minister of state for petroleum resources, Ibe Kachikwu, gave the assurance on Saturday at the 2018 Graduation of Petroleum Training Institute (PTI), Effurun, Delta. The minister, who was represented at the […]
Oil workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has stated that Nigeria has lost over $235 billion as a result of its inability to pass the Petroleum Industry Bill (PIB) into law since the reform in the Nigeria’s oil and gas industry was kick-started 17 years ago. […]
The Abuja Electricity Distribution Company (AEDC) has commissioned 20×60 MVA 132/33KV transmission sub-station in the Federal Capital Territory (FCT) to boost electricity supply to residents. The Managing Director of AEDC, Mr Ernest Mupwaya, said at the launch in Abuja on Monday that the substation was conceived to meet anticipated increase in the electricity needs of […]