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Exceeds Output Cut Target The Organisation of Petroleum Exporting Countries (OPEC) on Wednesday said Nigeria and its other members had achieved 101% adherence to crude oil output cut mandatorily agreed upon last year to curb huge supply glut. This is coming as oil price rose to $58 per barrel yesterday hitting over 11-month high after…
February 4, 2021
Ex-Bayelsa Commissioner, Iniruo Wills Hails Ruling, Seeks More Environmental Justice For N'Delta Communities Global Environmental Groups/Activists React In a ruling that set corporate accountability precedence for oil multinationals globally, a Dutch appeal court in the Hague on Friday ruled that the Nigerian subsidiary of Royal Dutch Shell (RDS), Shell Petroleum Development Company Nigeria (SPDC) should…
January 29, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The Speaker, House of Representatives, Rt. Hon Femi Gbajabiamila on Wednesday, 27 January, expressed optimism to Nigerians that the National Assembly will pass the Petroleum Industry Bill (PIB) into Law in April. Speaking at the Public Hearing organised for the Bill, Gbajabiamila reiterated the importance of the…
January 27, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The Nigerian government will on Thursday, 21 January inaugurate the National Oil and Gas Excellence Centre (NOGEC) in Lagos State. In a statement released by the Head, Public Affairs, Department of Petroleum Resources, (DPR), Mr. Paul Osu affirmed that President Muhammadu Buhari will virtually inaugurate NOGEC in…
January 19, 2021
(NAN) Chevron Nigeria Limited (CNL) has held divergent views with members of its host communities in Bayelsa on leakages reported at Funiwa Oil Fields operated by the oil firm off Bayelsa Coast. The CNL’s host communities include Koluama 1 and 2, Ekeni, Ezetu 1and 2, Fishtown, Foropa and Sangan in Southern Ijaw and Brass Local…
January 19, 2021
From Ameachi Prosper (The New Diplomat's Delta State Correspondent) The Shell Petroleum Development Company of Nigeria Limited (SPDC), has announced the sale of its 30 per cent interest in Oil Mining Lease (OML) 17 and its associated infrastructure in the Eastern Niger Delta. The New Diplomat learnt other SPDC JV partners, Total E&P Nigeria Limited…
January 16, 2021
Says FG-Labour C'ttee 'll Review Tariffs January Ending The Minister of Power, Mr Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies (DISCOs) to revert to tariffs that were applicable in December 2020. Mr Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made…
January 7, 2021
It's Deceitful, Says Labour LCCI: Fresh Increase Puts Electricity Reform Process At Risk The fresh increase in the cost of electricity tariffs in the country has drawn condemnation from Nigerians who viewed the increase as an overkill at a time when many are still battling the economic challenges put forward by the Covid-19 pandemic. The…
January 6, 2021
By Kunle Kola Olubiyo Nigeria returned to democratic governance in 1999, giving birth to a political milestone known as the 4th Republic. The Power Sector had gone over 20 years without a single major capital infusion by the government. This arguably set the tone for what was going to be a massive investment to revive…
December 30, 2020
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Exceeds Output Cut Target The Organisation of Petroleum Exporting Countries (OPEC) on Wednesday said Nigeria and its other members had achieved 101% adherence to crude oil output cut mandatorily agreed upon last year to curb huge supply glut. This is coming as oil price rose to $58 per barrel yesterday hitting over 11-month high after…
February 4, 2021
Ex-Bayelsa Commissioner, Iniruo Wills Hails Ruling, Seeks More Environmental Justice For N'Delta Communities Global Environmental Groups/Activists React In a ruling that set corporate accountability precedence for oil multinationals globally, a Dutch appeal court in the Hague on Friday ruled that the Nigerian subsidiary of Royal Dutch Shell (RDS), Shell Petroleum Development Company Nigeria (SPDC) should…
January 29, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The Speaker, House of Representatives, Rt. Hon Femi Gbajabiamila on Wednesday, 27 January, expressed optimism to Nigerians that the National Assembly will pass the Petroleum Industry Bill (PIB) into Law in April. Speaking at the Public Hearing organised for the Bill, Gbajabiamila reiterated the importance of the…
January 27, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The Nigerian government will on Thursday, 21 January inaugurate the National Oil and Gas Excellence Centre (NOGEC) in Lagos State. In a statement released by the Head, Public Affairs, Department of Petroleum Resources, (DPR), Mr. Paul Osu affirmed that President Muhammadu Buhari will virtually inaugurate NOGEC in…
January 19, 2021
(NAN) Chevron Nigeria Limited (CNL) has held divergent views with members of its host communities in Bayelsa on leakages reported at Funiwa Oil Fields operated by the oil firm off Bayelsa Coast. The CNL’s host communities include Koluama 1 and 2, Ekeni, Ezetu 1and 2, Fishtown, Foropa and Sangan in Southern Ijaw and Brass Local…
January 19, 2021
From Ameachi Prosper (The New Diplomat's Delta State Correspondent) The Shell Petroleum Development Company of Nigeria Limited (SPDC), has announced the sale of its 30 per cent interest in Oil Mining Lease (OML) 17 and its associated infrastructure in the Eastern Niger Delta. The New Diplomat learnt other SPDC JV partners, Total E&P Nigeria Limited…
January 16, 2021
Says FG-Labour C'ttee 'll Review Tariffs January Ending The Minister of Power, Mr Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies (DISCOs) to revert to tariffs that were applicable in December 2020. Mr Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made…
January 7, 2021
It's Deceitful, Says Labour LCCI: Fresh Increase Puts Electricity Reform Process At Risk The fresh increase in the cost of electricity tariffs in the country has drawn condemnation from Nigerians who viewed the increase as an overkill at a time when many are still battling the economic challenges put forward by the Covid-19 pandemic. The…
January 6, 2021
By Kunle Kola Olubiyo Nigeria returned to democratic governance in 1999, giving birth to a political milestone known as the 4th Republic. The Power Sector had gone over 20 years without a single major capital infusion by the government. This arguably set the tone for what was going to be a massive investment to revive…
December 30, 2020
