Sunday October 26th, 2014
Sunday October 26th, 2014
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.

Read More →
Latest

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.

Read More →
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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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?

Read More →
Latest

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,

Read More →
Latest

Mistrust frustrates NIPPs’ privatisation

  /   in Sweet Crude   /   Comments

PHCN power station

In a couple of months from now, it would be one year since the successful sale of the assets of the defunct Power Holding Company, PHCN assets to private investors.

Read More →
Latest

Vandals threaten electricity supply in Bayelsa

  /   in Sweet Crude   /   Comments

The planned ‘Operation Light Up Bayelsa’ programme may be affected by the continued vandalism of electricity facilities by miscreants in the predominantly riverine state as well as the refusal of residents to pay for their electricity consumption.
‘Light Up Bayelsa’ was initiated by the Governor Seriake Dickson’s administration as part of its drive to industrialise and diversify the economy of the state.

Read More →
Latest

TUC accuses Police of shielding pipeline vandals

  /   in Sweet Crude   /   Comments

TRADE Union Congress of Nigeria, TUC, has accused the Police of shielding pipeline vandals. It therefore, urged the acting Inspector General of Police, Mr. Suleiman Abba, to call his officers to order, and ensure that they conformed to government’s agenda on security and economic transformation.

Read More →
Latest

Micro finance will solve miners’ problems —Shehu

  /   in Sweet Crude   /   Comments

The President, Miners Association of Nigeria, MAN, Alhaji Sani Shehu, in this interview with Gabriel Ewepu, speaks on the move by the association to establish a micro finance bank for miners, and other economic issues that will boost the sector.

Read More →
Latest

Financial audit: Forceful compliance is a last resort – NEITI

  /   in Sweet Crude   /   Comments

Ahmed

The Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Mrs. ZAINAB AHMED, was the guest speaker at the August edition of the Lagos Oil Club, where she talked about the work of her agency, the challenges and expectations. SebastineObasi was there for Sweetcrude, excerpts. How possible is it for you to audit the government that

Read More →
Latest

Providing financial tools for government to fight catastrophes

  /   in Sweet Crude   /   Comments

The provision of financial tools to help governments manage or transfer their exposures to catastrophe and disaster risks is a key mechanism for achieving greater disaster resilience.

Read More →
Latest

Shippers Council warns operators against abuse

  /   in Sweet Crude 11:07 pm   /   Comments

The Nigerian Shippers Council, NSC, has warned that the Council, as the port regulator will not accept any form of arbitrariness in charges or abuse by any operator.

The Executive Secretary, NSC, Mr. Hassan Bello, issued the warning at the Onne Port, Rivers State, when top management of the Council visited the Integrated Logistic Services, Intels.

Read More →
Latest

Oil Well Casing

  /   in Sweet Crude   /   Comments

Oil Spill

Casing is large diameter pipe that is assembled and inserted into a recently drilled section of a borehole and typically held into place with cement.

Read More →
Latest

Policy uncertainty threatens renewable energy development

  /   in Sweet Crude   /   Comments

Solar powered community water project at Uturu Abia State

The development of renewable energy will slow down over the next five years unless policy uncertainty is diminished, the International Energy Agency, IEA, said in its latest third annual Medium-Term Renewable Energy Market Report.

Read More →
Latest

Nigeria loses N113bn over low refining capacity

  /   in Sweet Crude 12:59 am   /   Comments

refinery-7

The inability of the four refineries in Nigeria to produce at optimal capacity has continued to impact negatively on the economy of the country, costing the country $706.521 million, about N113.04 billion in February 2014, data obtained from the Nigerian National Petroleum Corporation, NNPC, has revealed

Read More →
Latest

Cost concerns frustrating oil, gas projects —NNPC

  /   in Sweet Crude   /   Comments

Mr. Andrew Yakubu  GDM NNPC

The former Group Managing Director, the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, recently had a chat with journalists in Uyo, Akwa Ibom State, on the state of affairs in the nation’s petroleum industry. He spoke about a number of issues including the state of the refineries, petroleum industry bill, bunkering, and sundry matters. SEBASTINE OBASI was there

Read More →
Latest

New power investors still learning the ropes

  /   in Sweet Crude   /   Comments

Light

Nine months after acquiring the unbundled assets of the defunct Power Holding Company of Nigeria, PHCN, the new investors have attributed their inability to improve on power supply situation in the country to lack of understanding of the workings of the sector

Read More →
Latest

‘Solid minerals hold strong potential for economic diversification’

  /   in Sweet Crude   /   Comments

President Jonathan

The responsibility of steering the ship of theNigerian Geological Survey Agency, now rests on Mr. Alex NdubuisiNwegbu, who was recently appointed the agency’s Director-General. In this interview with GABRIEL EWEPU, he stressed the need to use the mining sector for rapid economic diversification

Read More →
Latest

Apapa gridlock: Operators berate FG for bad roads

  /   in Sweet Crude   /   Comments

File: Traffic gridlock on Apapa/Oshodi express road, due to slow construction job of the road by Julius Berger and commuter spent sever hours on the road. Photo: Bunmi Azeez

The CHAIRMAN, Seaport Terminal Operators Association of Nigeria, STOAN, Princess Vicky Haastrup, has called on the Federal and Lagos State governments to commence urgent repairs of roads leading into and out of Apapa, as a way of addressing the perennial traffic gridlock currently being experienced in the port city.

Read More →
Latest

Bayelsa seeks relocation of NOSDRA HQ

  /   in Sweet Crude   /   Comments

Gov Dickson

Bayelsa State has kicked against the siting of the head office of National Oil Spill Detection and Response Agency, NOSDRA, in Abuja, where oil spill and pollution does not take place

Read More →
Latest

Pipeline Security: New Technology for today’s demanding environment

  /   in Sweet Crude   /   Comments

Gas pipeline

The protection of oil, gas and refined product pipelines against sabotage, illegal tapping, militants and terrorist actions, combined with the detection of leaks and in-line equipment failure, is a high priority in all countries, but has been notoriously difficult to achieve

Read More →
Latest

Uncertainty clouds marginal fields’ award

  /   in Sweet Crude   /   Comments

oil-gas

Eight months after the unveiling of guidelines for participation in a much-awaited marginal fields bid round, investors’ expectations appear to have been dashed, as there is yet no clear information on the round expected to have been concluded since May

Read More →
Latest

Lagos spends N300m on gas in 2 years

  /   in Sweet Crude   /   Comments

gas

Lagos State Government has disclosed that it spent about N300 million on the Eko Gas initiative between last year and now.

Read More →
Latest

Divestment: PENGASSAN seeks listing of IOCs on stock exchange

  /   in Sweet Crude   /   Comments

Divestment in the Nigeria’s oil and gas industry is worrisome due to the level of attendant job losses and other losses that accompany the process. Many of the International Oil Companies, IOCs, operating in the country have sold some of their assets to other interest parties, who may not have the technical and financial wherewithal for the exploration and exploitation activities in the onshore and shallow water production assets.

Read More →
Latest

Oando oil production hits 50,000 bpd

  /   in Sweet Crude   /   Comments

Federal Government’s quest for strong indigenous participation in the nation’s oil and gas sector has received a boost as Oando Energy Resources, OER, production capacity has reached 50,000 barrels per day, bpd.
The development follows Oando’s completion of the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips at the sum of $1.5 billion.

Read More →