Anambra govt signs S.25m MoU for 40MW power

Story by  ADEBAYO OBAJEMU Anambra State Government has signed a Memorandum of Understandings, MOU, with Zolts Energy Limited, for the construction of a 40-Megawatt embedded power generating plant in Ogbaru Local Government Area of the state. Governor Willie Obiano, said during the signing of the MOU that power being a key enabler in his administration’s More...

| Published 1 year ago
By Vera Olubi On Sunday, May 22nd, 2016
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N93bn debt: DISCOs continue mass disconnection of debtors

The nation’s power sector crisis has taken a turn for the worst following mass disconnection, which  began a week ago, of   historic debtors by all the electricity distribution companies, DISCOs, to protest More...

By Vera Olubi On Sunday, May 22nd, 2016
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Oil disruptions speeding up new world energy order

By ADEBAYO OBAJEMU The world’s oil market is rebalancing faster than expected due to several serious outages, including disruptions in Nigeria. But for now, there is enough oil in storage and excess capacity More...

By Vera Olubi On Friday, March 11th, 2016
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Oil prices rise

Oil prices rise Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International Energy Agency. Still, analysts cautioned that a large glut of oil remained, More...

By hallmarknews On Wednesday, January 27th, 2016
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NUPENG condemns militants’ vandalism in Niger Delta

  The National Union of Petroleum and Natural Gas Workers (NUPENG) has condemned militants who blew up pipelines in the Niger Delta. The leadership of the union said perpetrators should face the music. Alhaji More...

By hallmarknews On Wednesday, January 27th, 2016
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DPR seals 43 filling stations in Akwa Ibom, Cross River

The Department of Petroleum Resources (DPR) in charge of Akwa Ibom and Cross River states has sealed 43 filling stations in the two states for engaging in illegalities. Mr Bassey Nkanga, DPR’s Controller, Operations, More...

By hallmarknews On Friday, January 15th, 2016
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Pump price: DPR threatens to fine violators N1m, shut stations

The Department of Petroleum Resources (DPR) has said that henceforth, any oil marketer caught manipulating the pump price of fuel will be fined one million naira and the station closed for three months. The Department More...

By hallmarknews On Wednesday, January 13th, 2016
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Oil rises for first time in 8 sessions on China, U.S. stocks draw

Oil prices rose on Wednesday as positive Chinese trade data and an unexpected draw in weekly U.S. crude oil inventories gave investors reasons to buy crude futures. Brent crude, the global benchmark, was up 63 cents More...

By hallmarknews On Tuesday, January 12th, 2016
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Reps set to remove petroleum products from list of regulated commodities

The piece of legislation seeking to remove petroleum products from the list of regulated commodities will soon be considered on the floor of the House of Representatives. The removal of the petroleum products would More...