Bowleven , a West African oil and gas group, based in Edinburgh and traded on AIM since December 2004 has announced the discovery of oil at the Sapele-3 exploration well drilling in the Douala Basin, offshore Cameroon.Chief Executive, Kevin Hart,...
Say it will remove distortions, rent-seeking from economy - The proposed removal of fuel subsidy by the Federal Government has been applauded by local and international analysts, saying the move, if ratified by the National Assembly will reduce distort...
The Power Holding Company of Nigeria (PHCN) has stated that due to loss of gas, it would be shutting down five power stations to carry out maintenance work. In a statement from the management yesterday, the Nigeria Gas Company Limited (NGC) gave a noti...
The Chief Executive Officer of Power Holding Company of Nigeria(PHCN), Chris Okaa Akamnonu, has promised that the company would optimise electricity power generation to the benefit of the consumers. The PHCN boss gave the assurance while fi...
The Local Content Model being implemented in Nigeria has been adopted by Royal Dutch Shell for use across the company’s global operations. To implement this successfully, Nigerian model, Simbi Wabote, the immediate past Ge...
The federal government has expressed worry over the dearth of structured staff training in the power sector. Consequently, the Ministry of Power has been directed to restore the structured training programmes for workers in the sector as soon as possib...
A cross section of Nigerians at the weekend in Lagos, urged the federal government to come out and clear the air on the fuel subsidy policy. Prominent Nigerians who spoke to LEADERSHIP at separate interviews differed on the way they perceived the polic...
With the price of kerosene still beyond the reach of the average Nigerian ,Lagos State Government has urged Lagosians to embrace the use of Liquefied Petroleum Gas (LPG) popularly refered to as cooking gas as an alternative to kerosene and other petrol...
Incompetent and ineffective electricity distribution companies (Discos) would be excluded from participating in the new electricity tariff regime scheduled to be announced in January 2012, the Nigerian Electricity Regulatory Commission (NERC) has said....
All is now set for the first Oil and Gas Africa Finance and Investment Conference (OGAFIC) organised by the African Petroleum Producers Association (APPA), aimed at sensitising financial institutions on the imperatives of mobilising resources needed to...
For Nigeria to remain at par with other developing countries like Malaysia, the country must have sustainable plan of action as embedded in the Petroleum Industry Bill (PIB) to attain the much needed development in the sector. This was the submission o...
The Nigerian Electricity Regulatory Commission (NERC) has warned estate owners to desist from over billing residents, urging them to abide by the rules of the industry. Chairman of the Commission, Dr. Sam Amadi, gave this warning yesterday in Abuja at ...
The Minister of Power, Professor Barth Nnaji, has pointed out that the revenue required to drive efficient electricity industry be it generation, distribution or transmission came presently from consumers through the distribution companies, saying that...
Amid conflicts and attacks by land speculators on its construction workers building the multi –million naira mega filling station,the Nigerian Independent Petroleum Company (NIPCO) Plc , a major downstream sector operator in oil and gas industry,...
The lack of adequate manpower development is largely responsible for why the efficiency in the nation’s power sector went down, director- general of the National Power Training Institute of Nigeria (NAPTIN), Reuben Okeke has said. He disclosed th...