Wednesday November 26th, 2014
Wednesday November 26th, 2014
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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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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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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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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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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Nickel leads industrial metals higher on Japan stimulus

  /   in Sweet Crude   /   Comments

Nickel led most industrial metals higher after the Bank of Japan unexpectedly increased monetary stimulus and before an official gauge of Chinese manufacturing.

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Workers laud PPMC repositioning

  /   in Sweet Crude   /   Comments

Gas Pipeline

WORKERS of the Pipelines and Product Marketing Company Limited, PPMC, have commended the Prince Haruna Momoh-led, management for repositioning the company, which is aimed at ensuring steady supply of petroleum products to the market.

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Chevron commissions N530m estate in Kula

  /   in Sweet Crude   /   Comments

economy

PORT HARCOURT: Chevron has described the Global Memorandum of Understanding, GMoU, engagement model it introduced in 2005 as a way to create robust economies in the Niger Delta region.

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Latest

Pirates target oil tankers in Asia route as attacks climb

  /   in Sweet Crude   /   Comments

FPSO Vessel

Hijackings of small oil tankers by armed gangs are increasing in Southeast Asia, home to the shortest sea-trade route between the Middle East and China, even as pirate attacks globally fell for a third year.

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Credit Suisse reiterates outperform rating for Noble Corp

  /   in Sweet Crude   /   Comments

A refinery

Noble Corp Plc’s stock had its ‘outperform’ rating restated by equities research analysts at Credit Suisse, a financial services and insurance company, in a research note issued to investors.

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Nwapa calls for local investment in technology

  /   in Sweet Crude   /   Comments

The Wired World: A graphic representation of the Internet

PORT HARCOURT: Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB, Mr Ernest Nwapa, has charged indigenous oil and gas companies to grow local technology for the sector.

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Credit Suisse reiterates outperform rating for Noble Corp

  /   in Sweet Crude   /   Comments

Noble Corp Plc’s stock had its ‘outperform’ rating restated by equities research analysts at Credit Suisse, a financial services and insurance company, in a research note issued to investors.

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Expert calls for self reliance in underwriting complex risks

  /   in Sweet Crude   /   Comments

Managing Director/Chief Executive Officer of Financial Institutions Training Centre, FITC, Dr. Lucy Newman, has charged Nigerian insurers to be self-reliant in-terms of technical expertise, especially in underwriting large and complex risks like oil and gas.

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Latest

Gas shortage stunts Nigeria’s electricity growth

  /   in Sweet Crude 4:38 am   /   Comments

Electricity-new

Recently, the Federal Government paid a legacy debt in excess of N213 billion to, among others, boost the supply of gas to the power sector. However, SEBASTINE OBASI writes that Nigerians have remained apprehensive over a number of issues undermining the sustainable supply of electricity as promised by government.

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Bristow Helicopters invests $1m in power

  /   in Sweet Crude   /   Comments

*The Federal Government has failed on its promise to achieve the target of 6,000 Mega Watts (MW) of electricity generation last December

Offshore logistics and service provider, Bristow Helicopters, has said it is investing over $1million in a gas-to-power project, for its Logistics Base at the NAF Base, Port Harcourt, Rivers State.

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Latest

NUPENG seeks establishment of pipeline protection agency

  /   in Sweet Crude   /   Comments

*Workers fixing a broken oil pipeline.

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has called for the establishment of a Pipeline Protection Agency, PPA, to monitor and secure the nation’s pipelines from vandals, who have been inflicting economic damage on the nation.

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NGSA needs urgent repackaging for performance —Maduagwu

  /   in Sweet Crude   /   Comments

Miners

The Nigerian Geological Survey Agency, NGSA, is saddled with the responsibility of finding mineral deposits and provision of available geosciences information in the country, but this agency has not performed to expectation. In this interview with Gabriel Ewepu, the newly appointed Chairman of NGSA Board, Chief Chinedu Maduagwu, speaks of the urgency to repackage and reposition the agency for higher productivity.

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FG grants N250m waiver to Royal Salt

  /   in Sweet Crude   /   Comments

Salt

ABUJA- The Federal Government has granted over N250 million import duty waiver to Royal Salt Limited, in accordance with the provisions of the Minerals and Mining Act of 2007.

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TUC laments state of Nigeria’s power, petroleum sectors

  /   in Sweet Crude 8:28 pm   /   Comments

Small-Business222

Victor AHIUMA-YOUNG Trade Union Congress of Nigeria, TUC, has said it is laughable and painful that Nigeria is still exporting crude and importing refined products after 54 years of independence and called on government to do everything possible to change the trend urgently. This came as the body said the decay in electricity generation and

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Labour seeks resuscitation of Delta steel, others

  /   in Sweet Crude   /   Comments

Nigerian Labour  pix

DELTA State Council of the Nigerian Labour Congress, NLC, has called on the state government to resuscitate some of the ailing industries in the state including the Delta Steel Company, DSC, Ovwian Aladja, to boost employment generation.

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Oil spill: Family lament destruction of farm lands

  /   in Sweet Crude   /   Comments

*Oil-impacted Ikeinghenbiri creek

Umuoga family in Idoke community, Ahoada East local government area has decried the alleged failure of an oil giant to redress impact of oil spill from its operations on their farmlands.

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NDDC gives free healthcare to N’Delta communities

  /   in Sweet Crude   /   Comments

File photo: Surgeons at work

PORT HARCOURT: About 900, 000 persons have so far benefitted from the Niger Delta Development Commission’s free health care programme which started fourteen years ago in the region.

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Oil companies flare N273bn worth of gas in 2013

  /   in Sweet Crude   /   Comments

• A gas flare site in Niger Delta

Nigeria lost about $1.705 billion (N272.8 billion) to gas flaring, as oil and gas firms operating in the country flared 409.311 billion Standard Cubic Feet, SCF, of gas between January and December 2013.

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Igwe stresses importance of modular refining

  /   in Sweet Crude   /   Comments

refinery-7

In the recent time you’ve been very passionate about modular refining system, what is fuelling this passion?

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Agreements on compensations are not easy -Shell

  /   in Sweet Crude 1:39 am   /   Comments

shell

In August 2011, the United Nations Environment Programme, UNEP, released its Environmental Assessment of environmental damage on account of spills from oil activities by the Shell Petroleum Development Company, SPDC, in Ogoni land in Rivers State. Three years down the line, Ogoni land is still nowhere near the emergency clean up as recommended by UNEP,

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