Thursday April 24th, 2014
Thursday April 24th, 2014
Latest

Bayelsa experiences 40 oil spills monthly

  /   in Sweet Crude 2:51 am   /   Comments

*Oil spillage

The National Oil Spill Detection and Response Agency, NOSDRA, has revealed that Bayelsa State, records about 40 spill cases in a month.

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PORT CONCESSION: INTELS innovations drive standards in maritime sector

  /   in Sweet Crude 11:44 pm   /   Comments

maritime

Prior to the concession of the sea ports in Nigeria, Nigerian ports were nothing to write home about. The ports were bedevilled by numerous ills and challenges.

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High entry point discourages gas usage -Adeshina

  /   in Sweet Crude   /   Comments

11

President, Nigerian Liquefied Petroleum Gas Association, NLPGA, Mr. Dayo Adeshina, in this interview with MICHAEL EBOH, speaks about the many challenges hindering the use of LPG by a vast majority of the population.

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We will continue to support Maritime –Kure

  /   in Sweet Crude   /   Comments

Zainab-Kure's-pix

THE Chairman, Senate Committee on Marine Transport , Hajia Zainab Kure, in this interview with Sweetcrude’s Godwin Oritse, said that the committee will continue to support the Maritime Academy of Nigeria (MAN), Oron which is currently under going massive infrastructural changes

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Gas shortage frustrates constant power supply —NERC boss

  /   in Sweet Crude   /   Comments

Light

Inadequate gas supply has been identified as one of the major challenges bedeviling the power sector after its successful privatisation by President Goodluck Jonathan’s administration in 2013.

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Local Content: ARCO engages 400 personnel

  /   in Sweet Crude   /   Comments

Oil-Report

As part of its contribution towards addressing the issue of unemployment in the country, Arco petrochemical Engineering Company, said it has engaged about 400 Nigerians in different areas of its operations.

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Crude oil swap: NEITI clarifies report on arrangement

  /   in Sweet Crude   /   Comments

*Oil Vandals

Sequel to report going round recently on Crude Oil Swap Arrangement against some indigenous oil companies, the Nigeria Extractive Industries Transparency Initiative, NEITI has come out to clarify issues surrounding the arrangement.

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PENGASSAN warns FG against secret sale of refineries

  /   in Sweet Crude   /   Comments

refinery1

PETROLEUM and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has advised the Federal Government against any attempt to secretly sell the four public refineries without following due process and addressing all labour concerns

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Labour expresses fear over Port Harcourt Refineries’ TAM

  /   in Sweet Crude   /   Comments

refinery 7

ORGANISED Labour in the nation’s petroleum industry expressed fears over the possibility of the Turn Around Maintenance, TAM, for Port Harcourt Refineries and Petro-Chemicals, PHRC, being done in the nearest future especially in 2014.

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Maximizing natural gas use: Prospects, constraints

  /   in Sweet Crude   /   Comments

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

Nigeria is one of the top 10 nations in the world with huge natural gas reserves. Nigeria’s estimated proved plus potential reserves stood at 184 trillion cubic feet (tcf) as at 2007.

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FG grants Bauchi licence for 35MW plant

  /   in Sweet Crude   /   Comments

Electricity-new

The Federal Government last week granted the Bauchi State owned electricity firm, Yankari Power Company, an embedded electricity generation license, to build 35 megawatts, MW, gas-fired power plant in Gudun Industrial layout of the state.

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NIPCO targets upstream ventures

  /   in News, Sweet Crude   /   Comments

Gas Pipeline

NIPCO Plc said that it was poised to acquire marginal fields and deepwater acreages in the upstream sector through its subsidiary, NIPCO Upstream Limited.

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Nigeria ’ll soon have no major market to sell crude —Teme

  /   in Sweet Crude   /   Comments

File photo

As Nigeria continues to export her crude oil to major consumers in the world, President, Nigerian Mining and Geosciences Society, NMGS, Prof. Clifford Teme, in this interview with GABRIEL EWEPU, said soon the country will have no major importer of its crude, he therefore urged the government to diversify the economic base to solid minerals development

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Latest

NALPGAM seeks govt intervention on gas cylinders

  /   in Sweet Crude   /   Comments

Gas-energy

Government intervention is urgently needed to stem the tide of acute shortage of gas cylinders in the country, which is threatening cooking gas consumption, the Nigerian Association of Liquefied Petroleum Gas Marketers, NALPGAM, has said

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LPG: Borkir to expand operations across Africa

  /   in Sweet Crude   /   Comments

Gas Pipeline

Borkir International Company Limited, a Liquefied Petroleum Gas (LPG) trading company in Nigeria and across West Africa, has announced plans to become the leading indigenous LPG trading company in the West and Central African region.

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Latest

African Insurance Market Gearing up for sustained growth

  /   in Sweet Crude   /   Comments

insurance-pix

African insurance market is said to be warming up for sustainable growth as a result of good governance, adherence to market rules among others just as Nigeria insurance market topped the list of three attractive markets in the continent, according to A.M. Best. a renowned rating agency.

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Kerosene subsidy, tariffs, others frustrate LPG growth

  /   in Sweet Crude   /   Comments

Gas-energy

Unless Nigerians switch to the use of Liquefied Petroleum Gas (LPG), the country will continue to lose about N2.914 trillion, spent annually on the use of firewood, kerosene and kerosene subsidy, according to data obtained by Sweetcrude.

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Renew deepwater lease, IOCs tell FG

  /   in Sweet Crude   /   Comments

...Ocean surge

International oil companies, IOCs operating in Nigeria have called on the Federal Government to intervene in the extension of the period within which deepwater acreage lease is due for renewal.

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‘Petrol subsidy stalls autogas development’

  /   in Sweet Crude   /   Comments

oil-gas

The continuous payment of subsidy on Premium Motor Spirit, PMS, also known as petrol to oil marketers in Nigeria has impeded the growth of Liquefied Petroleum Gas, LPG as auto fuel, the Group Managing Director, Banner Energy, Mr. Nuhu Yakubu, said.
Yakubu urged Nigerians to embrace LPG as a substitute to petrol because it is a cheaper and cleaner fuel than petrol or diesel.

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The Source of Liquefied Petroleum Gas and its Uses

  /   in Sweet Crude   /   Comments

gas

Liquefied Petroleum gas (LPG),is a fossil fuel, like oil and natural gas. It can be refined from oil and natural gas the same way gasoline is refined from crude oil. While most energy companies are not focused on LP gases, they produce them nonetheless because they are a byproduct of the refining process for other fuels.

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Pipeline: Nigeria to save N160bn with security, safety technology

  /   in Sweet Crude   /   Comments

Gas Pipeline

Effective deployment of security and safety gadgets in the monitoring of oil facilities across the country, will help the Federal Government save the $1 billion (N160 billion) it plans to spend on pipeline surveillance.

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NUPENG threatens action over assets divestment, others

  /   in Sweet Crude 1:00 pm   /   Comments

NIGERIA Union of Petroleum and Natural Gas Workers, NUPENG, has threatened to cripple Nigeria’s Oil and Gas Sector over increasing unfair labour practices and divestment by International Oil Companies, IOCs, also known as multi-national oil companies.

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Operators must consolidate on all fronts to grow business – Soladoye

  /   in Sweet Crude   /   Comments

Mr. Yemi Soladoye, Managing Director of RiskGurad Africa, is an insurance expert and consultant. In this interview with ROSEMARY ONUOHA, he states that insurance operators must re-strategise if the business of insurance is to grow.

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Kerosene subsidy: Removal delayed to avert labour, masses unrest

  /   in Sweet Crude   /   Comments

WAITING: Queue for kerosene at a Nigerian National Petroleum Corporation, NNPC, Mega Filling Station in Yelwa, Bauchi State, yesterday. NAN PHOTO.

Available evidence has indicated that the Nigerian National Petroleum Corporation, NNPC, was advised to stay action on the implementation of the removal of subsidy on kerosene to avert labour and masses unrest.

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Between illegal and modular refineries in Niger Delta

  /   in Sweet Crude   /   Comments

refinery-7

Ilegal oil refineries in Nigeria thrive on illegal oil bunkering, stolen crude oil, and vandalism of oil pipelines and other installations. Without a doubt, these illegal oil operations are reprehensible and should not be condoned for a number of reasons.

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PIB: Oil companies accused of sabotage

  /   in Sweet Crude   /   Comments

OIL

ABUJA- FOLLOWING the delay in the passage of the Petroleum Industrial Bill, PIB, into Law, the Coordinator, Host Communities Network of Nigeria, Prince Preye Pawuru, has accused oil multinationals operating in the Niger Delta of sabotaging the bill.

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Banks at risk over power sector funding — Aig-Imoukhuede

  /   in Sweet Crude   /   Comments

Aig-Imoukhuede

Former Managing Director, Access Bank Plc, Mr. Aigbojie Aig-Imoukhuede, has expressed concern over the viability of the recently privatised power sector. He warned that a number of the banks that financed the acquisition of the privatised assets of the Power Holding Company of Nigeria, PHCN, risk losing their funds.

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Latest

The Solar Car

  /   in Sweet Crude   /   Comments

Jeep-compass

Solar car is a solar vehicle used for land transport. Solar cars combine technology typically used in the aerospace, bicycle, alternative energy and automotive industries. The design of a solar vehicle is severely limited by the amount of energy input into the car. Most solar cars have been built for the purpose of solar car races. Since 2011 also solar-powered cars for daily use on public roads have been designed.

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NPDC to create opportunities for host communities

  /   in Sweet Crude   /   Comments

Nigeria Petroleum Development Company, NPDC, has assured that it would continue to be actively involved in resolving primary challenges in its host communities.

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We will not join issue with Lagos over water ways – NIWA boss

  /   in Sweet Crude   /   Comments

THE National Inland Waterways Authority (NIWA) a few months ago had a face -off with the Lagos State Government over the right of way on the nation’s coastal waters in Lagos. In this interview with Godwin Oritse, NIWA’s Managing Director, Hajia Inna Ciroma, told Sweetcrude that the Authority is looking for a way round the issue with the State Government.

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Freighters call for inclusion in policy formulation

  /   in Sweet Crude   /   Comments

The failure of policy objectives in the maritime industry has been attributed to the absence of stakeholders, input in the formulation of such policies.

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Divergent reactions trail Sanusi’s suspension from CBN

  /   in Sweet Crude   /   Comments

sanusi-interview

The decision by the Presidency to suspend Mallam Sanusi Lamido Sanusi, as Governor of the Central Bank of Nigeria, CBN, for official impropriety has been described as a welcome development, and is good for the country’s financial markets and the economy in general.

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