Monday December 22nd, 2014
Monday December 22nd, 2014
Latest

Court stops NASS from summoning Petroleum Minister 

  /   in Energy 12:19 am   /   Comments

Diezani Alison-Madueke

A Federal High court in Abuja presided over by Justice Ahmed Mohammed on Wednesday set aside the summons by the House of Representatives on the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke to appear before it to answer to allegations that some ten billion naira was spent on a private aircraft charter. Justice Mohammed in

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Latest

Alison-Madueke records another first as she’s appointed president of GECF

  /   in Energy 9:28 pm   /   Comments

Petroleum minister, Mrs Diezani Alison-Madueke

Barely three weeks after her election as the first female President of the Organization of the Petroleum Exporting Countries (OPEC), the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has been appointed as the President of the Ministerial Meeting of the Gas Exporting Countries Forum (GECF), the first woman to be so appointed by the body.

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OPEC urges increased investment despite low crude oil price

  /   in Energy 10:18 am   /   Comments

File photo

The secretary general of the Organization of Petroleum Exporting Countries urged Gulf states to continue investing in oilfield development Sunday, despite sharp falls in crude oil prices.

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Latest

NCDMB charges oil servicing companies on employee motivation

  /   in Energy   /   Comments

File Photo: Crude Oil

The Nigerian Content Development and Monitoring Board (NCDMB) has charged indigenous service companies to explore creative strategies of motivating their staff so as to retain the skills and capacities they have developed within their companies.

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Latest

Oil sector contracting, licensing processes fraught with corruption — Report

  /   in Energy   /   Comments

economy

The process for the award of contracts and licenses for oil and gas prospecting in Nigeria is tainted by corruption and collusion, according to a report, the 2014 Nigeria Natural Resource Charter (NNRC) Benchmarking Report.

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Latest

Nigerian banks fund N438bn of oil assets acquisition

  /   in Energy   /   Comments

dead-bank

Nigeria banks advanced over $2.5 billion, about N437.5 billion, to Indigenous companies for the acquisition of the divested assets of Shell Petroleum Development Company, SPDC, and other oil companies in Nigeria.

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Latest

Oil: Nigeria, other W/African countries record declining rig count

  /   in Energy   /   Comments

A refinery

The falling oil price has taken its toll on the rig count in Nigeria and its West African oil producing neighbours as the region recorded an eight percent decline in rig utilisation in the month of November.

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Latest

Ikeja Disco upgrades system, unveils new payment platforms

  /   in Energy   /   Comments

electricity

Ikeja Electricity Distribution Company Plc (Ikeja Disco) has upgraded its systems to enhance secure, convenient and more efficient payment options.

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Latest

Midwestern marks seven million man-hour HSE milestone

  /   in Energy   /   Comments

refinery-7

Midwestern Oil and Gas Company Limited in furtherance of its philosophy in health, safety and environmental (HSE) management and personnel motivation has celebrated the company’s seven million man-hours lost time injury free operation (LTI) in Lagos.

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Latest

SEFA invests N102m in bio-refinery project in Nigeria

  /   in Energy   /   Comments

The Sustainable Energy Fund for Africa (SEFA) has approved a $580,000, about N101.5 million preparation grants for the expansion of Green Energy & Biofuels (GEB) Bio-refinery project in Nigeria.

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Latest

Kenya cuts maximum retail prices of fuel

  /   in Energy   /   Comments

Kenya’s Energy Regulatory Commission cut the maximum retail prices of petroleum products on Sunday saying the cost of importing refined products had fallen. Since 2010, every month the east African nation has set a cap on prices of petrol, diesel and kerosene, to protect consumers from unfairly high prices.

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DPR goes tough with independent marketers over standards

  /   in Energy 1:48 am   /   Comments

NNPC Mega Filling Station now selling at N138 per litre in Abuja yesterday.

The Department of Petroleum Resources (DPR) has warned of its resolve to de-register petroleum retail outlets that fail to meet up with standard requirements in 2015 just as it would be strict on enforcing regulatory standards on the sales and storage of petroleum products.

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Independents account for gas reserve portfolio of 46trn — DPR

  /   in Energy   /   Comments

Gas-energy

Nigerian independents oil companies account for the nation’s gas reserve portfolio of 46 trillion cubic feet, TCF, the Director, Department of Petroleum Resources, Mr. George Osahon said.

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FG signs MoU on 1,000MW power plant in Katsina

  /   in Energy   /   Comments

electricity-NIGERIA

The Federal Government has signed a Memorandum of Understanding, MoU, for the construction of a 1,000 megawatts (MW) power plant in Katsina State with Strancton Limited.

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Power: FG reiterates commitment to tackling technical challenges

  /   in Energy   /   Comments

Electricity-new

The Federal Government has inaugurated the Head office of the National Power Sector Apprenticeship Scheme, NAPSAS, in Abuja. The scheme was designed to train artisans to bridge the technical gap of workforce in the power sector.

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Latest

UNEP Report: Host communities demand transparent implementation

  /   in Energy   /   Comments

Following the recent resolve by the Federal Government to clean-up Ogoniland after three years that the United Nations Environmental Programme, UNEP, submitted its report, the Host Communities Network of Nigeria, HOCoN, has demanded transparency in the implementation of the restoration exercise.

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Latest

Electricity Stability: We must increase generation capacity – Nebo

  /   in Energy 6:53 pm   /   Comments

Electricity-new

The Minister of Power, Prof. Chinedu Nebo has advocated for an increase in the maximization of gas utilization capacity if Nigeria is to experience stability in electricity supply.

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Latest

Nigeria loses N27bn to gas flaring in one month

  /   in Energy 1:02 am   /   Comments

*Gas flare

Nigeria lost about $170.166 million, around N27.227 billion to gas flaring in one month, as oil and gas companies flared 39.07 billion Standard Cubic Feet (SCF) of gas in the month of August 2014.

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Latest

Estimated billing: Nigeria needs 8 million new meters — Nebo

  /   in Energy   /   Comments

Prof Chinedu Nebo

The Minister of Power, Professor Chinedu Nebo has attributed the estimated bills given to Nigerians by distribution companies to the eight million meter shortage in the country.

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Latest

Gas to power: CBN offsets PHCN N36.9bn legacy debt

  /   in Energy   /   Comments

A liquefied natural gas carrier arrives at an Exxon Mobil terminal off Porto Levante.

The Central Bank of Nigeria, CBN, has offset the N36.9 billon legacy debt owed to gas suppliers by the power sector under the defunct Power Holding Company of Nigeria, PHCN, over the last few years.

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Latest

Crude price decline: PENGASSAN seeks labour, employers collaboration

  /   in Energy   /   Comments

*Oil Vandals

With the decline in the global prices of oil, workers in Chevron under the aegis of Chevron Branch of Petroleum and natural Gas Senior Staff Association of Nigeria (PENGASSAN), have emphasised the need for the employers of labour and workers unions in the country to collaborate on ways to mitigate the effects on the employee, companies’ operations and the economy at large.

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OPEC members face tough decision ahead Thursday’s meeting

  /   in Energy   /   Comments

File Photo: Crude Oil

Members of the Organization of Petroleum Exporting Countries (OPEC) have a tough decision to make ahead of Thursday’s meeting over whether to cut output in the wake of a 30 percent slump in crude prices since June.

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Latest

Shell shuts 200,000bpd Trans Niger Pipeline

  /   in Energy   /   Comments

Gas pipeline

Nigeria’s oil exports were disrupted after Shell Petroleum Development Company, SPDC, yesterday, shut the Trans Niger Pipeline, after it discovered a leak on the pipeline.

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Global energy demand to rise by 60% — Report

  /   in Energy   /   Comments

File photo

The falling oil prices will probably be temporary going by the Organisation of Petroleum Exporting Countries, OPEC report just released.

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Schneider Electric’s IBETC graduates 30 Nigerian students

  /   in Energy   /   Comments

Schneider Electric, a global specialist in energy management has announced the graduation of 30 Nigerian students from its Isaac Boro Energy Training College (IBETC) Grenoble, France.

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Latest

Accenture launches cutting-edge metering solution

  /   in Energy 12:27 am   /   Comments

Prepaid meters

Accenture, a global technology management, outsourcing and consulting firm has introduced smart metering, an advanced technology to achieve effective result in the area of power, through its partner company, Resources Operating Group.

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Latest

Canadian oil firm to sue Kenya over licence revocation

  /   in Energy   /   Comments

A Canadian oil exploration company expelled from Kenya last year has restructured in what it terms “preparation” for a fight with government for Sh13 billion in compensation for illegally terminating its license.

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Latest

Nigeria loses gas investments to other African countries — Report

  /   in Energy 12:59 am   /   Comments

gas

Nigeria remains Africa’s largest gas consumer and producer, but the focus for new gas projects is shifting to the east coast and to the huge offshore discoveries in Mozambique and Tanzania, the World Energy Outlook Special report 2014 just released has stated.

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Extractive industry: NMGS eyes increased contribution to economic devt 

  /   in Energy   /   Comments

File Photo

The Nigerian Mining and Geosciences Society (NMGS) has promised to ensure that the entire gamut of the Nigerian extractive industry gets a boost for an increased contribution to the growth of the national economy

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Latest

FG, American investors sign MoU on 1,200MW solar power project

  /   in Energy   /   Comments

*A major power grid

A consortium of American Investors in renewable energy, under the auspices of MOTIR SEASPIRE has signed a Memorandum of Understanding, MoU, with the federal government to deliver 1,200MW of solar-powered electricity in Nigeria within the next two years.

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Latest

Electricity: MAN cries out over high tariff, fixed charges

  /   in Energy   /   Comments

electricity

The Manufacturers’ Association of Nigeria, MAN, has cried out to the Federal Government to review the multi-year tariff order, MYTO II, released in June 2014, containing the discriminatory fixed and average charges, saying the charges are suffocating the sector.

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Latest

Power firms to pay N225m for connection to TCN network

  /   in Energy   /   Comments

Electricity-new

The Transmission Company of Nigeria, TCN has fixed a charge of about N225 million for power firms seeking to modify their connection to its transmission network across the country and also for firms seeking to connect to the network for the first time.

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