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By Akanimo Kufre (The New Diplomat's A/Ibom|C/River Correspondent) Policy Alert, a civil society organization has faulted the recently released guidelines by the federal government for approving bid rounds for marginal fields acquisition in Nigeria, the first in about 18 years. In May 2020, the Department for Petroleum Resources, (DPR) issued guidelines on which the process…
August 7, 2020
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol at the old rate of N143 per litre, pending the new directive by the Petroleum Products Pricing Regulatory Agency (PPPRA). The National Public Relations Officer of IPMAN, Alhaji Suleiman Yakubu, said this during an interview with the News Agency of…
August 6, 2020
Nigeria’s bid to provide constant and quality power supply received a boost on Wednesday as the Federal Executive Council, FEC ratified President Muhammadu Buhari’s anticipatory approval for the release of a total of N8, 648bn towards the counterpart funding for the power deal with Siemens AG, signed by the Nigerian and German governments in 2019.…
July 30, 2020
There are indications that Nigeria, which has been bludgeoned by declining oil prices occasioned by the COVID 19 pandemic might be in for a fresh revenue crisis as oil import from India hit a 10-year low. This is significant because India is the world’s third-largest importer of crude, it also becomes even more significant because…
July 29, 2020
The combination of the lingering crisis between The United State of America and China and fear over a second wave of the COVID-19 pandemic has seen global oil prices drop late on Monday. Brent crude declined by 1.62 percent to sell at $42.64 losing over 21 cents while America’s West Texas Intermediate (WTI) crude was…
July 27, 2020
Push For Jail Terms For Dan Etete, Descalzi, Scaroni Others Italian prosecutors in the ongoing $1.1bn Nigeria's Oil Processing License OPL 245 criminal corruption trial involving Shell; a Dutch-British Oil and Gas Company and Eni has called for the confiscation of $1.092bn from the oil companies. The prosecutors also called for jail terms ranging from…
July 21, 2020
A total of 2,079MW generated were left stranded as nine out of Nigeria’s twenty seven power plants were on shut down mode on Thursday. The data obtained from the Nigerian Electricity System Operator, NESO showed that Alaoji, Olorunsogo II, Omotosho II, Ihovbor, and Gbarain built under the National Integrated Power Project were among the shutdown…
July 17, 2020
The Nigeria Liquefied Natural Gas, NLNG has described allegations of illegal withdrawal of $1.05 billion from the NLNG's dividend accounts as an impossible scenario and therefore urges members of the public to disregard the allegations. The company also urged Nigerians to disregard allegations that its Managing Director/CEO Tony Attah and the GMD, Nigerian National Petroleum…
July 16, 2020
As oil demand begins to recover after falling to a record low in April, the Organization of the Petroleum Exporting Countries, OPEC+ group has agreed to ease the record 9.7-million-BPD production cuts from August. Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, made this known at the OPEC+ panel meeting on Wednesday. According to the…
July 15, 2020
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By Akanimo Kufre (The New Diplomat's A/Ibom|C/River Correspondent) Policy Alert, a civil society organization has faulted the recently released guidelines by the federal government for approving bid rounds for marginal fields acquisition in Nigeria, the first in about 18 years. In May 2020, the Department for Petroleum Resources, (DPR) issued guidelines on which the process…
August 7, 2020
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol at the old rate of N143 per litre, pending the new directive by the Petroleum Products Pricing Regulatory Agency (PPPRA). The National Public Relations Officer of IPMAN, Alhaji Suleiman Yakubu, said this during an interview with the News Agency of…
August 6, 2020
Nigeria’s bid to provide constant and quality power supply received a boost on Wednesday as the Federal Executive Council, FEC ratified President Muhammadu Buhari’s anticipatory approval for the release of a total of N8, 648bn towards the counterpart funding for the power deal with Siemens AG, signed by the Nigerian and German governments in 2019.…
July 30, 2020
There are indications that Nigeria, which has been bludgeoned by declining oil prices occasioned by the COVID 19 pandemic might be in for a fresh revenue crisis as oil import from India hit a 10-year low. This is significant because India is the world’s third-largest importer of crude, it also becomes even more significant because…
July 29, 2020
The combination of the lingering crisis between The United State of America and China and fear over a second wave of the COVID-19 pandemic has seen global oil prices drop late on Monday. Brent crude declined by 1.62 percent to sell at $42.64 losing over 21 cents while America’s West Texas Intermediate (WTI) crude was…
July 27, 2020
Push For Jail Terms For Dan Etete, Descalzi, Scaroni Others Italian prosecutors in the ongoing $1.1bn Nigeria's Oil Processing License OPL 245 criminal corruption trial involving Shell; a Dutch-British Oil and Gas Company and Eni has called for the confiscation of $1.092bn from the oil companies. The prosecutors also called for jail terms ranging from…
July 21, 2020
A total of 2,079MW generated were left stranded as nine out of Nigeria’s twenty seven power plants were on shut down mode on Thursday. The data obtained from the Nigerian Electricity System Operator, NESO showed that Alaoji, Olorunsogo II, Omotosho II, Ihovbor, and Gbarain built under the National Integrated Power Project were among the shutdown…
July 17, 2020
The Nigeria Liquefied Natural Gas, NLNG has described allegations of illegal withdrawal of $1.05 billion from the NLNG's dividend accounts as an impossible scenario and therefore urges members of the public to disregard the allegations. The company also urged Nigerians to disregard allegations that its Managing Director/CEO Tony Attah and the GMD, Nigerian National Petroleum…
July 16, 2020
As oil demand begins to recover after falling to a record low in April, the Organization of the Petroleum Exporting Countries, OPEC+ group has agreed to ease the record 9.7-million-BPD production cuts from August. Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, made this known at the OPEC+ panel meeting on Wednesday. According to the…
July 15, 2020
