Sunday December 21st, 2014
Sunday December 21st, 2014
Latest

Petroleum products top NPA import cargo chart

  /   in Sweet Crude 1:08 am   /   Comments

ship

Petroleum products topped import cargo chart in the third quarter of this year, as a total of 5.2millin metric tonnes (mmt) of refined petroleum products was brought into the country.

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Stakeholders commend, review and set new target for NIMASA’s mgt

  /   in Sweet Crude   /   Comments

Akpobolekemi

Maritme industry stakeholders have commended the management of the Nigerian Maritime Administration and Safety Agency, NIMASA, in its effort to up the ante currently being experienced in the industry.

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Latest

Labour hints on nationwide strike over PIB, victimization, others

  /   in Sweet Crude   /   Comments

igwe

In recent times, the two unions in the Petroleum sector; Nigeria Union of Petroleum and Natural Gas Workers, NUPENG and its Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, besides the protracted Petroleum Industry Bill, PIB, that have remained unattended to by the National Assembly, have been battling government and private sector employers in the industry over victimization of union leaders, amongst others.

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Latest

Community shuts construction of gas pipeline

  /   in Sweet Crude   /   Comments

Gas pipeline

The people of Igboye Community in Epe Local Government area of Lagos State have protested against what it called “failure to meet necessary pre-requisites” by the operators of the Phase 2 Expansion of Escravos Lagos Gas Pipeline Project which passes through their farmland.

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Oil workers say austerity measure aimed at impoverishing Nigerians

  /   in Sweet Crude   /   Comments

Oil Installation

Workers in the Nigeria’s oil and gas sector have rejected the austerity measure recently announced by the Federal Government, saying it is at aimed further pauperizing the downtrodden masses of Nigeria.

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Latest

Eaton Identifies Solutions to Utility Network Challenges

  /   in Sweet Crude   /   Comments

Renewable-energy

Eaton Nigeria industries has identified the use of renewable energy as an answer to addressing the challenges of power demand in the West Africa, utility network. Speaking during a panel discussion at the West African Power Industry Convention, Charles Iyo, Regional Sales Manager, West Africa, stated that African countries have excellent solar irradiances, dependable wind areas, and land for renewable power plants capable of providing the energy demand for the region.

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Insurance industry can combat losses in oil & gas —experts

  /   in Sweet Crude   /   Comments

gas

To effectively reduce losses in oil and gas risks underwriting, insurance operators should provide financial tools to help manage or reduce their exposure to huge losses, experts have said.

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Naira depreciation will increase cost of shipping, capital flight

  /   in Sweet Crude   /   Comments

1000-naira-notes

Operators in the maritime industry have called on the federal government to commence strict implementation of maritime law to reduce the effect of depreciating naira in the sector.

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Latest

Declining crude price: Nigerian banks risk capital erosion -Afrinvest

  /   in Sweet Crude   /   Comments

File Photo: Crude Oil

A number of banks in Nigeria are presently at risk of losing their capital and incurring huge toxic assets following the current decline of crude oil prices in the international market, analysts at Afrinvest Securities Limited have warned.

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Mining engineers charged on standards

  /   in Sweet Crude   /   Comments

Miners

Gabriel Ewepu ABUJA-THE Federal Government has charged the newly registered mining engineers under the auspices of Council of Nigerian Mining Engineers and Geoscientists, COMEG, to sustain and maintain professional standards in the extractive industry.

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Latest

FG to stop ship importation from January 2015

  /   in Sweet Crude   /   Comments

FPSO Vessel

The Federal Government,has declared that with effect from January 2015, maritime vessels purchased overseas without inputs from local ship builders in Nigeria will not be allowed to operate in Nigeria.

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‘Gas shortage stunts Nigeria’s manufacturing sector’

  /   in Sweet Crude   /   Comments

gas

The Manufacturing Partnerships for African Development, MPAD, has lamented the persistent gas shortages at power stations, saying that it is unfavourable to manufacturing industries plants as well as hindering it’s input to the development of country’ economy.

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Latest

Bayelsa communities unveil SPDC sponsored projects

  /   in Sweet Crude   /   Comments

For communities in the hinterland of Bayelsa State where there is hardly any local and state government presence, the people are always looking up to the oil and gas multinationals to provide them with basic amenities in spite of the reservations about their activities.

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Latest

Ship Chandlers seek FG intervention

  /   in Sweet Crude 9:13 pm   /   Comments

M.V Gumel the ship suspected to be carrying Toxic waste at the Tincan Island Port Lagos. Photo: Nwankpa Chijioke

Chandlers’under the aegis of Nigerian Licensed Ships Chandlers’ Association, NLSCA, have cried to the federal government to come to their aid over the complete take – over of their business by foreign operators.

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Insurance operator harps on competency

  /   in Sweet Crude   /   Comments

insurance-pix

Managing Director of Wema Bank Insurance Brokers, Mr. Gbenga Olawoyin, has said that insurers and brokers need to ensure that adequate and competent skills are deployed and backed with robust energy reinsurance package in order to fully actualise the potentials provided by the Petroleum Industry Content Development Act 2010 and the NAICOM guidelines for oil and gas insurance business in Nigeria.

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Latest

Oando to train 5,000 mechanics

  /   in Sweet Crude   /   Comments

Lady-Mechanic1

Oando Marketing, a subsidiary of Oando Energy Resources PLC has said that it will train 5,000 mechanics as part of contribution to the federal government’s auto policy.

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Diezani Alison-Madueke scored another firs

  /   in Sweet Crude   /   Comments

Diezani Alison-Madueke

Nigeria’s Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke scored another first with her election as the first female President of the Organisation of Petroleum Exporting Countries, OPEC, at their just concluded meeting in Vienna, Austria.

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Latest

Irregularities mar privatisation exercise over banks’ lending to power firms

  /   in Sweet Crude   /   Comments

economy

Several months after the privatisation exercise in the power sector, a disturbing issue has emerged which raises a number of questions over the roles played by Nigerian banks in the sale of the assets.

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Latest

Nigeria orders Shell to pay $4billion over oil spill in Bonga

  /   in Sweet Crude   /   Comments

OIl spill

Nigeria’s House of Representatives committee onenvironment has demanded Shell to pay $3.96 billion, (aboutN604billion), for the 2011 spill at its offshore Bonga oilfield of damage to the environment. The non-binding decision comes after years of analysis by various Nigerian state agencies, which have proposed a range of fines as high as $11.5 billion.

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Latest

Allow PTDF focus on its job, group appeals

  /   in Sweet Crude   /   Comments

PORT HARCOURT: A group, Centre for Sustainable Growth and Good Governance, has expressed strong worries with developments in the Petroleum Technology Development Fund, PTDF, saying the indiscriminate sack of principal staff of the organisation in the last one year, could impact negatively on the projects of PTDF.

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Latest

ELECTRICITY: So far, so frustrating

  /   in Sweet Crude 5:35 pm   /   Comments

electricity-NIGERIA

November 1, 2013, the federal government unbundled Power Holding Company of Nigeria, PHCN, which gave birth to five generating companies, GENCOs, and 10 distribution companies, DISCOs, many Nigerians heaved a sigh of relief.

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Govt is trying to stabilise electricity market -Nebo

  /   in Sweet Crude   /   Comments

Prof Chinedu Nebo

Govt is trying to stabilise electricity market -Nebo

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Oando calls for integrated gas development

  /   in Sweet Crude   /   Comments

oando1

The Managing Director of Oando Gas and Power, Mr. Bolaji Osusanya, recently emerged President of the Nigeria Gas Association, NGA, at the just concluded NGA West Africa Gas Strategy conference held in Abuja.

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FG to deploy e-registration to check products adulteration

  /   in Sweet Crude   /   Comments

A refinery

The Department of Petroleum Resources, DPR, has condemned the high rate of petroleum products adulteration, adding that the Department is set to flag-off an online registration of trucks and depots to curb this threat that has eaten deep in the oil industry.

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Latest

Exxon, Chevron post higher earnings despite low oil prices

  /   in Sweet Crude   /   Comments

Oil Installation

Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months.

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Latest

Nigeria loses $84.9m annually to energy waste

  /   in Sweet Crude   /   Comments

Renewable-energy

Programme Coordinator on Energy Efficiency Programme of the United Nation Development Programme, UNDP, Mr. Etiosa Uyigie, has said that Nigeria’s non-compliance to international best practice on the efficient use of electricity is costing the country about $84.9m annually.

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Latest

Electricity Prepaid Meter

  /   in Sweet Crude   /   Comments

Prepaid meters

Electricity is a great solution for many residents. Increasingly residents are getting tired of paying excess electricity bills.

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Latest

Power sector creates 4,937 new jobs

  /   in Sweet Crude   /   Comments

Electricity-new

The impact of the reform in Nigeria’s power sector is yet to be felt, as the electricity sector generated 4,937 new jobs in six months, between January and June 2014, the National Bureau of Statistics, NBS, has disclosed.

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‘There’s no growth without competition’

  /   in Sweet Crude   /   Comments

electricity

Unless the Federal Government entrenches competition in the Nigerian power sector, the goals and targets envisaged for the sector would not be achieved, said Prof. Adeola Adenikiju, Head, Centre for Petroleum, Energy Economics and Law, University of Ibadan.

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Latest

Price unchanged in stable steel market

  /   in Sweet Crude   /   Comments

steel

The Chinese domestic iron ore concentrate price was unchanged over the week in an overall stable domestic steel market, industry sources said.

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Latest

NESP powers 5 states with €24.5m

  /   in Sweet Crude   /   Comments

electricity

The Nigerian Energy Support Programme, NESP, has commenced its intervention in five states in the country as part of activities to boost rural electrification with €24.5million

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Latest

UniPort, NESREA to collaborate on environment studies

  /   in Sweet Crude   /   Comments

Energy-local-content

PORT HARCOURT: Vice Chancellor of the University of Port Harcourt, Prof. Joseph Ajienka, has called for collaboration between the University and the National Environmental Standards and Regulations Enforcement Agency, NESREA, to strengthen environment studies in the institution.

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