Energy articles

President Buhari Set to Probe Obasanjo over $16 billion Failed Power Project

President Buhari Set to Probe Obasanjo over $16 billion Failed Power Project

President Muhammadu Buhari has hinted in probing former president, He said Obasanjo has questions to answer over the $16 billion power project. Buhari said this on Tuesday when he hosted the Buhari Support Organisation led by Hameed Ali, comptroller-general of the Nigeria Customs Service. Although he did not mention the name of ex-President Olusegun Obasanjo,

Why there is power outage in Victoria Island – Eko DISCO

Eko Electricity Distribution Company (EKEDC) says the electricity outage in Victoria Island was caused by a breaker problem at Alagbon Transmission Substation in Lagos.   Mr Godwin Idemudia, the General Manager, Corporate Communications, EKEDC, in a statement on Monday in Lagos, said the problem had put Ademola Injection substation out of power supply since morning.

PIGB: Fresh concerns over job security, overbearing uncontrollable commission

As stakeholders await President Muhammadu Buhari’s assent to the harmonised Petroleum Industry Bill Governance Bill (PIGB) with sublime hope, not a few workers are worried over job security. Some interest groups also see the bill as an old wine in a new wine skin. It will only create an uncontrollable commission, they say, JOHN OFIKHENUA

PDP tackles Buhari, APC on fuel subsidy controversy

The Peoples Democratic Party (PDP) has accused President Muhammadu Buhari of corruption in the handing of the fuel subsidy regime under the All Progressive Congress (APC) government. The Minister of State for Petroleum Resources, Ibe Kachikwu, recently announced its annual expenditure on fuel subsidy saying it had risen to over N1.4 trillion. Mr Kachikwu described

Buhari yet to get petroleum bill – Presidency

The Presidency said on Wednesday the harmonised Petroleum Industry Governance Bill (PIGB) passed by the National Assembly on March 28, is yet to get to the desk of President Muhammadu Buhari for assent. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang, stated this in a two- paragraph statement

PENGASSAN and NUPENG Joint Petroleum Industry Bill Committee Meet Other Stakeholders To Discuss At NASS Public Hearing

By Emmanuel Ajibulu The determined attempt to enrich the Petroleum Industry Bill (PIB) with the inputs of critical stakeholders received major boost on Tuesday, May 15, 2018 as Nigeria’s oil unions, the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Department of Petroleum Resources

NNPC boosts gas supply to power sector by 88.89%

The Nigerian National Petroleum Corporation (NNPC) increased the supply of gas to the power sector by 88.89 per cent between January 2017 and January 2018. A press statement by the NNPC spokesman, Ndu Ughamadu, in Abuja on Sunday, said the information was reported in the corporation’s monthly financial and operations report for January 2018. Mr