Energy
I’ll be fair, just to all, Komolafe tells DPR workers on assumption of office
PICTURE: NURC CEO, Gbwnga Komolafe By Bassey Udo The newly appointed Chief Executive Officer, Nigerian Upstream Regulatory Commission (NURC), Gbenga Komolafe, has assured staff of the defunct Department of Petroleum Resources (DPR) that he would be fair and just to all workers of the agency as he assumed office in…
Read More »Energy Transition: Kyari demands energy Justice For Africa
By Bassey Udo Ahead of the 26th United Nations Conference on Climate Change (COP26) in Glasgow, Scotland next week, the Group Managing Director/CEO of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has called for what he refers as “energy justice” for Africa in the implementation of energy transition. During…
Read More »PIA: No worries over job loss, Sylva assures DPR, PPPRA, PEF workers
By Bassey Udo Workers in the three erstwhile regulatory agencies in the petroleum industry scrapped by the Federal Government following the commencement of the implementation of the Petroleum Industry Act (PIA) have no reason to fear over their fate in service, the Minister of State for Petroleum Resources, Timi Sylva,…
Read More »PIA: DPR, PPPRA, other agencies cease to exist, says Sylva
By Bassey Udo The take-off of the newly enacted Petroleum Industry Act (PIA) means the Department of Petroleum Resources (DPR), the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Petroleum Equalisation Fund (PEF) have all ceased to exist officially, Minister of State for Petroleum Resources, Timi Sylva, said in Abuja.…
Read More »Energy Transition: Sahara Group unfolds plan to inject $1 bn into LPG vessels, infrastructure in Africa
MEDIATRACNET To boost energy transition in Africa, Sahara Group on Wednesday announced plans to invest over $1billion into the development of energy infrastructure to enhance access to Liquefied Petroleum Gas (LPG) in Africa and emerging economies. The Executive Director, Sahara Group Temitope Shonubi, announced this at the African Refiners…
Read More »NNPC’s intervention pays off, as tanker drivers suspend planned strike
By Bassey Udo The intervention by the Nigerian National Petroleum Company (NNPC) Limited in the face-off between oil workers and the Federal Government paid-off on Sunday, as the Petroleum Tanker Drivers (PTD) union agreed to suspend its nationwide strike action planned to commence on Monday. The PTD is the tanker…
Read More »Oil workers’ strike: NNPC offers to intervene in roads repairs
By Bassey Udo THe Nigeria National Petroleum Corporation (NNPC) on Sunday offered to intervene in the repairs of the bad portions of the country’s roads network to avoid the disruption of fuel supplies across the country. The offer followed the declaration by oil workers under the aegis of the Petroleum…
Read More »Buhari asks EFCC, other anti-graft agencies to recover N2.65tr debt in NEITI report
MEDIATRACNET The Economic and Financial Crimes Commission (EFCC) has received the Presidential directive to work closely with other anti-graft agencies to recover over N2.65 trillion unremitted revenues reported by the Nigeria Extractive Industries Transparency Initiative (NEITI) in its recent audit report. The Executive Secretary of NEITI, Orji Ogbonnaya Orji said…
Read More »NNPC Limited is incorporated with N200 billion share capital, says CAC
MEDIATRACNET PICTURE: Registrar General of CAC, Garba Abubakar (R), supported by NNPC GMD, Mele Kyari, to present the certificate of Incorporation of NNPC Limited to President Muhammadu Buhari in Abuja on Friday The incorporation of the Nigerian National Petroleum Company (NNPC) Limited in line with provisions of the recently enacted…
Read More »Why NEITI is developing a new 5-year strategic plan, says Orji
MEDIATRACNET The Nigeria Extractive Industries Transparency Initiative (NEITI) is developing a new five-year strategic plan to take care of emerging issues in the petroleum industry affecting its mandate, the Executive Secretary of the transparency agency, Orji Ogbonnaya Orji, has said. Orji said at a one-day stakeholders consultative forum in Abuja…
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“We must restore the soul of America”, says Biden in inaugural speech
It’s long overdue, and we’re reminded tonight of all those who fought so hard for so many years to make this happen. But once again, America has bent the arc of the moral universe towards justice.
