Energy articles

House of Reps Committee of Whole passes PIGB, Unbundles NNPC 

House of Reps Committee of Whole passes PIGB, Unbundles NNPC 

The House of Representatives yesterday passed the Petroleum Industry Governance Bill (PIGB) containing the restructuring and reformation of the nation’s oil and gas industry. With the passage of the 134-clause bill, the stage is now set for the unbundling of the Nigeria National Petroleum Corporation (NNPC) and merger of its subsidiaries into an entity. The

Fuel scarcity persists amid high prices across Nigeria

Barely a week after the fuel scarcity across Nigeria subsided in major cities, long queues of motorists have resurfaced at filling stations in Abuja, Lagos and other parts of the country. The fuel scarcity lasted through the Christmas and New Year celebrations forcing thousands of motorists to spend hours queuing for petrol. Although things appeared

NNPC Restores Escravos-Lagos Pipeline, Resumes Gas Suppl

The Escravos-Lagos Pipeline (ELP) has been restored and gas supply to customers on the line including power generating companies has resumed. The Nigerian National Petroleum Corporation (NNPC) disclosed this on Monday, following a bush fire accident that occurred on January 2, 2018, which blew up a section of the ELP at Abakila in Ondo State.

No plan to increase fuel price – NNPC

The Nigerian National Petroleum Corporation, (NNPC) has once again said it has no plan to increase price of premium motor spirit, (PMS) otherwise known as petrol in country. NNPC in a statement by Ndu Ughamadu, Group General Manager Public Affairs Division, said the pump price of petrol remains N143 per litre in NNPC Retail outlets

NNPC loses N900 million daily to sell petrol at N145 – Kachikwu

The Minister of State For Petroleum Resources, Ibe Kachikwu, on Thursday said the Nigerian National Petroleum Corporation, NNPC, has incurred a cumulative loss of N85.5 billion in importing petrol and selling at the current retail price of N145 per litre. Kachikwu said the price was fixed in the first quarter of 2016, when crude oil

Dr Kachikwu debunks reports on plans to hike fuel price

The Minister of State for Petroleum, Ibe Kachikwu, has denied news reports that the federal government was planning to jack up the pump price of petrol, at present fixed at N145 per litre. Idang Alibi, the Director of Press in the ministry in a statement on Thursday night, clarified the minister’s submission made to the