Energy

By Bassey Udo  The Federal Government has no plans to sell the Transmission Company of Nigeria (TCN), the Bureau of Public Enterprises (BPE) has said.  The privatization agency was reacting to media reports that the government was currently gearing up to put the company for sale.  The TCN is the…

By Bassey Udo The Petroleum Industry Act (PIA) enacted by President Muhammadu Buhari last August after almost two decades of waiting holds the key to new investments to realise the global energy transition agenda, Minister of State for Petroleum Resources, Timipre Sylva, has said. Sylva was speaking on Wednesday at…

MEDIATRACNET The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday reported a gas leak incident on the Nigerian Petroleum Development Company’s (NPDC), Well 6, in Sangama community, Bonny Local Government Area of Rivers State. The Commission Chief Executive, Gbenga Komolafe, said who issued a statement on the incident said efforts…

By Bassey Udo The Nigerian Upstream Petroleum Host Communities Development Regulations has been published in the Federal Government Gazette, the upstream petroleum industry regulator has disclosed. Five other draft regulations identified and presented by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for review during the first phase of consultations with…

By Bassey Udo The Bureau of Public Enterprises (BPE) has described as unfortunate the deepening crisis over the ownership of Benin Electricity Distribution Company (BEDC). The privatization agency said on Saturday in Abuja that it was monitoring closely events in the company following the recent intervention by the power sector…

By Bassey Udo

By Madeline R. Young More than one year after the enactment of Nigeria’s Petroleum Industry Act (PIA) 2021, the transformation of the oil and gas industry that the legislation was expected to herald has yet to materialise. As a point of fact, more international oil companies (IOCs) are unloading some…

By Bassey Udo Nigeria is ready for the forth coming validation of its implementation of the extractive industry transparency initiative (EITI) in the country, the Nigerian Extractive Industry Transparency Initiative (NEITI) said on Tuesday in Abuja. The transparency and accountability agency stepped up its mobilization and awareness creation efforts among…

By Bassey Udo Nigeria and the United States on Tuesday reached a bilateral agreement on the implementation of a joint initiative to tackle challenges associated with climate change and global carbon emissions. The agreement was reached in Abuja during a closed-door meeting between the U.S. Special Envoy on Climate Change,…

MEDIATRACNET The Board of Egbin Power Plc has announced the appointment of Mokhtar Bounour as the new Chief Executive Officer for the privately run thermal plant. The Board in a statement on Tuesday said Bounour’s appointment would accelerate Egbin’s ongoing transformation and propel the company’s energy mix transition towards enhanced…