Energy articles

Senate to probe Abuja electricity company over fraudulent bills

Senate to probe Abuja electricity company over fraudulent bills

The Senate is set to investigate the Abuja Electricity Distribution Company (AEDC) over alleged fraudulent billing of electricity consumers in the Federal Capital Territory.   Senator Dino Melaye, who raised the matter at plenary on Tuesday, said the AEDC has been perpetrating the alleged scam though estimated billing system.   Based on the information provided

OPEC ministers meet in Vienna on Thursday

Ministers from oil exporting countries have been scheduled to meet in Vienna, Austria on Thursday. The meeting is intended to discuss oil production cuts amid increased competition from U.S. shale producers. According to the information available on the Organisation of the Petroleum Exporting Countries website, it is the organisation’s 172nd meeting. The OPEC Secretariat calculations states

Lagos Chamber of Commerce & Industry Advocates Improved Regulatory Environment In Petroleum Downstream Sector

The Lagos Chamber of Commerce and Industry (LCCI) has advised the Federal Government to provide appropriate regulatory environment for private sector to drive investment in petroleum downstream sector for optimal profitability. The President of LCCI, Mrs Nike Akande, made the appeal in Lagos on Friday during the chamber’s Petroleum Downstream Group Business Clinic. Akande said

NNPC, partners to boost domestic gas supply by 285%

In a bid to realise the Federal Government’s mandate to deploy the nation’s gas resources to stimulate economic growth, the Nigerian National Petroleum Corporation (NNPC) and its partners have evolved a scheme to grow gas supply for domestic consumption by 285% from 1.3billion standard cubic feet per day to 5bscf/d by 2020. This was disclosed at the

How Nigeria fared at 2017 offshore technology conference

Closing his 14-page speech at the 2017 Offshore Technology Conference in Houston, United States of America, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, said, “NNPC is here and we are open for business.” That tone typified Nigeria’s participation at the just-concluded conference that held in a solemn atmosphere of a

Fashola reads riot act to electricity distribution companies

The Minister of Power, Works and Housing , Babtunde Fashola, has threatened to sanction power distribution companies, Discos, for their continued breach of agreed terms and epileptic service. The minister, who spoke during the 15th monthly meeting of power sector stakeholders in Jos , Plateau State on Monday, declared that the power firms had failed