Category: Energy/Power

Nigeria cuts Oil Production cost in one year

The Nigerian National Petroleum Corporation, NNPC has announced a big cut on the cost of crude oil production from $78 per barrel in 2015 to $23 per barrel. The Group General Manager of the National Petroleum Investment Management NAPIMS, a subsidiary of the NNPC, Mr. Dafe Sejebor said it represented 70.5% reduction in the cost of crude oil production in Nigeria.…

Protesters occupied shell’s facility at Belema flow station

  Protesters on Tuesday dragged the shutdown of a Shell crude oil facility in the Niger Delta into its fifth day, after storming the flow station demanding jobs and infrastructure development last week. Echoing a common complaint in the impoverished swampland that produces most of Nigeria’s oil, the protesters said they were not benefiting from…

Nigeria’s Transmission Company secures $1.55bn for expansion projects

The Transmission Company of Nigeria (TCN)  says  it has secured 1.55 billion dollars from multilateral corporations  to finance its transmission expansion projects  in the country. The Managing Director of TCN, Mr Usman  Mohammed, said this in Kano , while addressing newsmen . He said that TCN had approached multilateral donors to raise  significant finance  to…

KACHIKWU DISSOCIATES HIMSELF FROM FAKE CAMPAIGN POSTERS

Our attention has been drawn to fake campaign posters of the Honourable Minister of State for Petroleum Resources Dr. Emmanuel Ibe Kachikwu for the 2019 governorship elections in Delta State pasted by unknown persons across the Federal Capital Territory.      According to the press statements signed and released by Idang Alibi, Director Press; Ministry…