Wednesday July 30th, 2014
Wednesday July 30th, 2014
Latest

Subsidy regime of controversy

  /   in Sweet Crude 1:55 am   /   Comments

Fuel-dispenser

MICHAEL EBOH A of years now the Federal Government has mused over the removal of subsidy on some petroleum products, notably, premium motor spirit, PMS or petrol and household kerosene, HHK, simply called kerosene. Datelines have been pushed yearly, and now pegged at 2015. However, attempts to remove the fuel subsidy, supported through the Petroleum

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There are no price tags on our assets -Shell

  /   in Sweet Crude   /   Comments

pg-10

Last week, the Managing Director, Shell Petroleum Development Company, SPDC, and Country Chair, Shell Companies in Nigeria, Mr. Mutiu Sunmonu, reiterated that the company has not put any price tags on any of the oil blocks it is divesting from. Clara Nwachukwu captured the interactive session with journalists, during which he also spoke on varied

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Gazprom rejects Ukraine gas pipeline proposal

  /   in Sweet Crude   /   Comments

oil-gas

Gazprom has shrugged off a Ukrainian proposal to bring in Western companies to invest in the natural gas pipeline which crosses the country, saying other transit routes bypassing Ukraine still promised to make the pipeline redundant.

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Drilling: Using high power lasers for oil, gas wells

  /   in Sweet Crude   /   Comments

A refinery

Laser drilling may be key to make previously uneconomic oil or gas deposits commercially attractive as Argonne National Laboratory (Laser Applications Laboratory) and a group of collaborators are examining the feasibility of adapting high-power laser technology to drilling for gas and oil. The initial phase is designed to establish a scientific basis for developing a

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Metering: NAPE seeks transparency in oil sector

  /   in Sweet Crude   /   Comments

Gas pipeline

The Nigerian Association of Petroleum Explorationists, NAPE, has announced plans to contribute to efforts aimed at bringing about a significant improvement in Nigeria’s crude oil production through the entrenchment of effective meeting and transparent oil and gas accounting system.

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FG to commence refineries’ sale after PIB passage

  /   in Sweet Crude   /   Comments

refinery 7

The Federal Government has disclosed that it will commence the privatisation of the country’s refineries and concessioning of pipelines and depots immediately the Petroleum Industry Bill, PIB, is passed into law.

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NALPGAM urges FG to back gas as cooking fuel

  /   in Sweet Crude   /   Comments

Gas-energy

The President of National Association of Liquefied Petroleum Gas Marketers NALPGAM, Mr Basil Ogbuanu, has appealed to Federal Government to initiate sustainable polices that will boost the use of gas as cooking fuel in Nigeria.

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Enugu DISCO critical to Southeast economic growth —Soludo

  /   in Sweet Crude   /   Comments

The former Governor of Central Bank of Nigeria (CBN), Mr. Charles Soludo, has said that the reinforcement of the Enugu Electricity Distribution Company (EEDC), is critical to the economic growth of the South-East geopolitical zone.

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NEITI sets 2015 target for audit automation project

  /   in Sweet Crude   /   Comments

The Executive Secretary of the Nigerian Extractive Industries Transparency Initiative, NEITI, Mrs. Zainab Ahmed, said the transparency watchdog is set to implement its audit automation in 2015, to achieve reliable and efficient results.

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Banks cautious over investing in solid minerals —NGSA

  /   in Sweet Crude   /   Comments

FOLLOWING poor interests expressed by investors to invest in the solid minerals sector, banks in Nigeria have been cautious over funding investments in the sector.

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Chevron partners Bayelsa Govt on HIV/AIDS

  /   in Sweet Crude   /   Comments

Attempt by the Bayelsa State Government to curb the spread of HIV/AIDS in the state has received a boost as the Nigerian unit of America’s oil giant, Chevron Nigeria Limited, CNL, has donated about $1.7million to battle the scourge in the predominantly riverine state.

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FG boosts miners’ confidence with geosciences lab

  /   in Sweet Crude   /   Comments

THE federal government recently gave a boost to miners’ confidence with the re-launch and sensitisation workshop on the existence of the Nigeria Geosciences Research Laboratory, NGRL, Kaduna

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Build more IPPs, FG urged

  /   in Sweet Crude   /   Comments

ENERG

The federal government has been told that building of more independent power plants, IPPs, would solve Nigeria’s power challenges as well as provide the much needed support for economic growth, and guarantee returns on investments.

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PENGASSAN warns against exploitative employment

  /   in Sweet Crude   /   Comments

PETROLEUM and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has put the government and employers in the sector on notice that it will not hesitate to shut down the Petroleum Industry, should the emerging employment policy in the sector be found to be exploitative with the tendency to degrade jobs.

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Local content: GE harps on capacity development

  /   in Sweet Crude 11:34 pm   /   Comments

Offshore gas facility

General Electric, GE Nigeria has emphasized the need to improve on the skills and capacity of indigenous workers in the Nigerian oil and gas sector, especially in the area of technology, so as to empower them to tackle the industry challenges.

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Labour demands time frame to end fuel importation

  /   in Sweet Crude   /   Comments

Apapa Oshodi road completely shut down

ORGANISED labour in the nation’s petroleum industry, has called on the Federal Government to give Nigerians a definite time frame to end fuel importation and gas flaring in the country.

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FG rakes in N26.9bn from solid minerals in 2011

  /   in Sweet Crude   /   Comments

Solid minerals

The Nigeria Extractive Industries Transparency Initiative, NEITI, has announced that the Federal Government earned a total of N26.9 billion from solid minerals in 2011.

The Executive Secretary of NEITI, Mrs. Zainab Ahmed, who disclosed this at the public presentation of 2011 Solid Minerals Industry Audit Report in Abuja, said, out of this amount, a total sum of N26.8 billion represents funds paid by companies.

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Nigeria gets bulb recycling plant

  /   in Sweet Crude   /   Comments

Go Green Nigeria, Light up Nigeria, in association with the American bulb giant, Technical Consumer Products, TCP, is set to build West Africa’s first ever compact fluorescent lamp recycling plant in Nigeria.

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Nigerians showcase potential to the world

  /   in Sweet Crude 1:24 am   /   Comments

economy

The 2014 edition of the Offshore Technology Conference, OTC, the biggest annual oil and gas event in the world, which held in Houston, Texas, from May 5 to 8th, brought to the fore the growing importance of Nigerian companies in the oil and gas industry.

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Ofon 2: Total expects 1st oil in Q3 2015

  /   in Sweet Crude   /   Comments

*Gas flare

Nigerian unit of French oil company, Total E & P Nigeria, said it expects to pump first oil from its Ofon 2 project before the end of the third quarter of next year.

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5,000 delegates expected at 21st WPC

  /   in Sweet Crude   /   Comments

change-world

Aside from about 680 industry speakers, no fewer than 5,000 delegates are expected for the 21st edition of the World Petroleum Congress, WPC, holding in Moscow, the Russian capital between June 15 and 19.This edition is anticipated to be the largest ever in the history of the Congress.

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Relief ahead as NNPC deploys strategy to improve gas supply

  /   in Sweet Crude   /   Comments

A refinery

ABUJA: The vandalism of pipelines that supply gas to the power thermal stations across Nigeria is the new evil denying Nigerians steady electricity supply.

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Consumers decry increase in electricity tariff

  /   in Sweet Crude   /   Comments

Electricity-new

Condemnations have trailed the Federal Government’s decision to hike electricity tariff, as respondents who spoke with Sweetcrude lamented that instead of focusing on addressing the erratic power supply situation the government is more concerned about increasingtariff.

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Divcon, Milora partner on refining technology

  /   in Sweet Crude   /   Comments

refinery 7

The long delay in carrying out regular turn around maintenance, TAM, in the nation’s refineries due to paucity of funds may not be experienced any longer if the government embraces the new technology introduced by a specialist American group.

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Nigeria gets first solar filling station

  /   in Sweet Crude   /   Comments

Solar powered community water project at Uturu Abia State

By SEBASTINE OBASI Filling stations in the country would no longer spend so much money on generating sets and diesel to power their pumps, as Nigeria’s first solar-powered filling station has been installed for Total Nigeria Plc. The 77.8kw roof top project pioneered by Emel Advanced Power Solution Ltd (EAPS), part of the Emel Group,

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Marginal fields account for 2.56% of Nigeria’s crude production

  /   in Sweet Crude   /   Comments

CRUDE-OIL

Marginal fields’ operators in Nigeria’s oil and gas sector have continued to show their lack of capacity to fully contribute significantly to the country’s crude output, as seven out of the 29 operators accounted for only 2.56 per cent of the nation’s crude production in January 2014.

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Effective implementation of the ISPS code

  /   in Sweet Crude 9:24 pm   /   Comments

Sea-port

Few months back, the nature of implementation of the International Ships and Ports Facilities Security, ISPS code was a big worry for the nation’s maritime industry especially with regard to security at the ports and other marine facilities.

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Niger Delta ex-militants threaten to halt oil production

  /   in Sweet Crude   /   Comments

militants

NIGER Delta ex-militants, also known as ex-agitators, under the Phase Three Amnesty have threatened to halt oil production in the region. This followed a call made by some delegates at the National Conference during a debate on the derivation formula for oil producing states in the Niger Delta region.

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Nigerians can excel if given the opportunity—Okwuosa

  /   in Sweet Crude   /   Comments

okwusa

Emeka Okwuosa, an engineer, is the Executive Chairman of the Oilserv Group, two oil services companies, and one of the pioneers of indigenisation in the Nigeria’s oil and gas industry. He spoke to journalists in Houston Texas on a number of industry issues including local content development and the Group’s role in the scheme of

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SPDC empowers physically challenged in Bayelsa

  /   in Sweet Crude   /   Comments

polio--kids

Thirty young Bayelsans living with disabilities had cause to celebrate last week when they were presented with certificates of merit and start up packs by the management of Shell Petroleum Development Company (SPDC).

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Broker charges insurers on adequate reinsurance

  /   in Sweet Crude   /   Comments

insurance-pix

Managing Director of Boaf Insurance Brokers, Mr. Olumide Fatogun, has asked underwriters in the insurance industry to do a lot of reinsurance in special risk business if they wished to play big in the oil and gas sector.

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Japan steelmakers weigh action to stem flood of imports

  /   in Sweet Crude   /   Comments

Seaport

Japanese steelmakers , which yesterday reported foreign imports at a nine-year high for April, are weighing action to stem the flow of steel from abroad, risking heightened tensions with trading partners South Korea and China.

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