August 19, 2025 BP’s massive 440,000-barrel-per-day Whiting refinery—the largest in the U.S. Midwest—was forced into flaring late Monday after severe thunderstorms dumped heavy rain across northwest Indiana, flooding the site and surrounding neighborhoods. The company said in a statement that materials were being burned in the flare stacks to maintain safe operations and that response […]Read More
… As EEDC blames “code coverage conflicts and related glitches” The Enugu State Electricity Regulatory Commission, EERC, says it is taking steps to resolve the sudden electricity supply shortages that have plunged parts of the country into an acute power shortage. Recall that MainPower Electricity Distribution Company Limited had last week issued a statement where […]Read More
Ikeja Electric (IE) has announced the new prices of prepaid meters of its vendors, effective 6th August, 2025. According to information, the prices will remain until further review. Noted that meter prices have now been deregulated to ensure that Meter Asset Providers (MAP) are able to put in bids that reflect the actual prices of […]Read More
President Bola Tinubu has appointed 39-year-old Engr. Abdullahi Garba Ramat as the new Chairman/Chief Executive Officer of the Nigerian Electricity Regulatory Commission (NERC). Ramat, an electrical engineer and administrator, holds a PhD in Strategic Management and other professional qualifications. A statement issued Thursday by presidential spokesman Bayo Onanuga said the President also nominated two commissioners […]Read More
July 31, 2025 The European Commission (EU) is considering pooling demand from European Companies (EC) to collectively purchase more U.S. liquefied natural gaspart of an effort to meet its $750 billion energy trade deal with Washington. The initiative, announced Thursday, would be modeled after the EU’s 2022 Aggregate EU program, which coordinated gas purchases following Russia’s invasion […]Read More
July 27, 2025 President Tinubu has expressed his delight at the Super Falcons’ spectacular victory at the 2024 Women’s Africa Cup of Nations (WAFCON), stating that he eagerly looks forward to receiving the trophy in Abuja. In a post-match video call with team captain Rasheedat Ajibade, her teammates, and Nigerian officials, President Tinubu congratulated the […]Read More
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk A. Ahmed, has emphasized the need for an African reference market for refined petroleum products to promote price discovery, transparency, and market development. Speaking at a two-day strategic engagement organized by NMDPRA in partnership with S&P Global, Ahmed noted that […]Read More
Jun 27, 2025 Iran-Israel Ceasefire, Crude oil markets endured a sharp four-day selloff from June 22-26, driven by collapsing geopolitical risk premiums and mounting global supply. The steep decline wiped out nearly all the gains from mid-June’s heightened Middle East tensions, as traders recalibrated around fresh supply-side realities and emerging demand concerns. Iran-Israel Ceasefire Removes […]Read More
The Federal Government (FG) is considering strategic interventions to address power tariff challenges affecting gas supply and payment structures at key NNPC-led thermal power plants. This development emerged during a high-level meeting at NNPC Towers in Abuja between Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo; Minister of Finance and Coordinating Minister […]Read More
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a revenue of N5.89 billion and a Profit After Tax (PAT) of N748 billion for the month of April. The NNPC Ltd. disclosed this in its Monthly Report Summary for April, released on Thursday. The report highlights key statistics, including crude oil and condensate production, […]Read More
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