Friday April 18th, 2014
Friday April 18th, 2014
Latest

‘Marginal fields should be awarded on merit’

  /   in Sweet Crude 12:14 am   /   Comments

Swww

The Federal Government is set to award 31 marginal fields, the second time since 2003. Engineer Barry Esimone, Chief Executive Officer, Crusteam, an energy and infrastructure group, in this interview with Sebastine Obasi, appraises the last bid round and the expectations of the current one. Excerpts

Read More →
Latest

Electricity: Reps urges consumers to utilize complaint offices

  /   in Sweet Crude   /   Comments

The House Committee on Power has urged electricity consumers to seek redress for poor service delivery through effective utilization of the forum offices being commissioned in distribution centres across the country.

Read More →
Latest

Over 3,000 vehicles ran on CNG in 2013

  /   in Sweet Crude 9:00 pm   /   Comments

More vehicles in Nigeria have begun to embrace the use of the compressed natural gas, CNG, to power their engines. About 3,000 vehicles in Benin City, Edo State are said to have switched over to CNG in view of its comparative advantage over premium motor spirit, PMS, also known as petrol.

Read More →
Latest

Mining Fund will fast-track development – Adie

  /   in Sweet Crude   /   Comments

The Chairman, Solid Minerals Development Fund, Mr. Linus Adie, in this interview with GABRIEL EWEPU, explained that the Fund will facilitate the expected development of the mining sector and turn it into a money spinner in no distant time.

Read More →
Latest

Nigeria to benefit from 10,000 MW U.S. Initiative

  /   in Sweet Crude 10:18 pm   /   Comments

Nigeria and six other African countries are to benefit from a United States initiative aimed at increasing generation capacity by about 10,000 megawatts.

Read More →
Latest

Insurers drive to combat money laundering and terrorism

  /   in Sweet Crude   /   Comments

Terrorism and money laundering are global phenomena which has set nations on edge while the battle to nip them in the bud rages on.

Read More →
Latest

Shipowners, others advocate FOB for crude, product carriage

  /   in Sweet Crude   /   Comments

The Nigerian Chambers of Shipping (NCS), the Maritime Arbitrator Association of Nigeria (MAAON) and the Nigerian Ship Owners Association (NISA), are currently working round the clock to change Nigeria’s policy on the affreightment of crude oil and refined products.

Read More →
Latest

Artisanal Mining: Averting dangers ahead

  /   in Sweet Crude   /   Comments

Miners

Over the years, Nigeria had been a country riddled by illegal mining activities, particularly the solid minerals sector, which had been abandoned for many decades as a result of the 1973 Indigenisation Law that made the Europeans that were in charge of mining sites to abandon these sites for the unskilled Nigerians who were working with them.

Read More →
Latest

Protesters disrupt Warri Port operations

  /   in Sweet Crude   /   Comments

Some protesters who claimed to be from ‘host communities’ Delta Ports of the Nigerian Ports Authority (NPA) in Warri, early this week disrupted port activities in protest against the posture of a terminal operator.

Read More →
Latest

PHRC moves to reduce incidents of youth restiveness

  /   in Sweet Crude   /   Comments

Port Harcourt Refining Company, PHRC, has engaged a total of 60 youths from Eleme and Okrika for its first Youth Empowerment and Skill Acquisition Programme, YESAP.

Read More →
Latest

Proposed sale of refineries was to rip-off Nigerians – PENGASSAN

  /   in Business, Sweet Crude 11:06 pm   /   Comments

A refinery

LAST month, after a meeting between Federal Government officials, labour leaders in the Nigeria’s Petroleum industry, the planned privatization of the four public refineries was jettisoned and the planned shutdown of the sector by labour was similarly suspended. In an interview with Sweetcrude, one of the labour leaders at the meeting and Chairman of the Lagos zone of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Rev Folorunsho Sunday Oginni, among others, gives insight on how the planned sale would have rip-off the nation. Excerpts.

Read More →
Latest

Piracy activities heighten in Niger Delta

  /   in Sweet Crude   /   Comments

militants

The recent upsurge in violent crimes along the creeks and waterways of Bayelsa State, has again brought to the fore the deteriorating security situation in the riverside enclave of the state where armed men are holding sway.

Read More →
Latest

Rethinking CSR: The role of the public sector

  /   in Sweet Crude   /   Comments

The concept of corporate social responsibility (CSR) has become an important area of interest and concern for many businesses. Some have gone ahead to develop and implement policies which clearly suggest that they can simultaneously make profits and be good citizens.

Read More →
Latest

Government’s transformation agenda: Fixing PPMC Supply/ Distribution Network

  /   in Sweet Crude   /   Comments

President Goodluck Jonathan

The Government’s Transformation Agenda, instituted by the President, Dr. GoodluckEbele Jonathan to cover the period 2011 – 2015 is anchored on Nigeria’s long-term economic development blueprint as encapsulated in Vision 20: 2020.

Read More →
Latest

Concerns heighten over Nigeria’s oil industry in 2014

  /   in Sweet Crude   /   Comments

gas

As Nigerians entered the year 2014, the growing concerns over the state of the oil and gas industry have continued to engage the attention of experts and stakeholders.

Read More →
Latest

Marginal Fields: Bayelsa, Eurafric, 10 others, yet to commence production

  /   in Sweet Crude   /   Comments

Offshore gas facility

Out of the 29 marginal fields awarded by the Federal Government since 2003, Bayelsa Oil, Eurafric Limited, Network Exploration and Production Limited and nine others are yet to commence crude oil and production

Read More →
Latest

TCN expands transmission capacity to 7,000MW

  /   in Business, Sweet Crude   /   Comments

electricity-NIGERIA

The Transmission Company of Nigeria, TCN has expressed readiness to transmit 7,000 megawatt of electricity sequel to massive expansion work on the country’s transmission lines.The transmission lines initially had the capacity to transmit 5,000 megawatt of electricity that would be generated from Generation Companies, GENCOs.

Read More →
Latest

Energy Financing: Nigerian banks come of age

  /   in Sweet Crude   /   Comments

world-bank

Nigerian banks, after having their fingers burnt in the past, seem to have finally awaken to the needs and opportunities in the energy sector, and have over the last three years committed about N5 trillion to finance major deals in the sector.

Read More →
Latest

ERA tasks FG on digital metering of oil production

  /   in Sweet Crude   /   Comments

The Environmental Rights Action, a non government organization has charged the Federal Government to employ real time digital metering of oil production in order to ascertain the true rate of oil produced in the country and curtail oil theft.

Read More →
Latest

Energy Financing: Nigerian banks come of age

  /   in Business, Sweet Crude 8:19 pm   /   Comments

*File Photo

Nigerian banks, after having their fingers burnt in the past, seem to have finally awaken to the needs and opportunities in the energy sector, and have over the last three years committed about N5 trillion to finance major deals in the sector.

Read More →
Latest

Oando set to complete ConocoPhilips’ assets acquisition with $1.66b

  /   in Energy, Sweet Crude 9:07 pm   /   Comments

Nigeria’s indigenous energy group, Oando, is set to complete its purchase of ConocoPhilips’ Nigerian assets.

Read More →
Latest

NLC demands urgent passage of PIB

  /   in Sweet Crude   /   Comments

NIGERIA Labour Congress, NLC, has declared as unacceptable the fact that the Nigeria’s petroleum sector is still regulated by the old Petroleum Act of 1969, calling on the National Assembly to immediately pass the protracted Petroleum Industry Bill, PIB.

Read More →
Latest

Delta sets up task force to recover debts from mass transit operators

  /   in Sweet Crude   /   Comments

DELTA State Government has said it has set up a special task force with the mandate of recovering huge sums of money owed it by the operators of commercial buses under its Urban Mass Transit Scheme.

Read More →
Latest

2013 in retrospect: Insurers strategise on capacity

  /   in Sweet Crude   /   Comments

Available data in the insurance industry shows that the volume of business written by the industry in the last financial year was estimated at about N240 billion, as against N217.7 billion made in 2011.

Read More →
Latest

FG grants energy firms N23bn waivers in 2013

  /   in Sweet Crude   /   Comments

The Federal Government granted a total of N23.493 billion as waivers and exemptions to energy firms and for energy-related activities in the year 2013.

Read More →
Latest

PIB: Legacy legislation begging for passage

  /   in Sweet Crude   /   Comments

Oil Installation

Last year’s admission by Senator Magnus Abe that the continued delay in passing the Petroleum Industry Bill, PIB, is on account of extraneous factors beyond the control of Nigeria’s upper legislative chamber, gave many Nigerians quite a scare.

Read More →
Latest

Ex-militants pledge support for NDDC board members

  /   in Sweet Crude   /   Comments

...Militants

Following the recent appointments made by President Goodluck Jonathan of new members into the board of Niger Delta Development Commission, NDDC, ex-militants in the third phase of the federal government amnesty programme had pledged their support to work with them.

Read More →
Latest

Shell’s Nembe city road nears completion

  /   in Sweet Crude   /   Comments

After waiting for over four decades to get their community linked to the rest of the country by road, the people of the coast city of Nembe in Nembe local government area of Bayelsa State a week ago, had cause to celebrate when the state Deputy Governor, Rear Admiral John Jonah made history as the first public office holder to visit the ancient kingdom in a four wheel vehicle.

Read More →
Latest

‘NIMASA should learn from content development fund’

  /   in Sweet Crude   /   Comments

Seaport

While shipping operators in the maritime sector are battling with high interest rate for loans collected from banks and failed promises for assistance in that regards from the Nigerian Maritime Administration and Safety Agency (NIMASA), their counterparts in the oil and gas sector are benefiting from a scheme by the Nigerian Content Development Monitoring Board (NCDMB), to aid them to easily acquire vessels.

Read More →
Latest

Indorama’s $1.2bn fertilizer project on course

  /   in Sweet Crude   /   Comments

The Managing Director of Indorama Eleme Petrochemical Limited Mr Manish Mundra has said that the companies US$1.2 billion dollars Fertilizer Project is on course.

Read More →
Latest

Niger State under siege by illegal miners

  /   in Sweet Crude   /   Comments

Illegal miners display their haul

Niger State is one of the states in the North-Central region of the country, endowed with amazing solid mineral resources that have great potentials to turn the economy of the state and favourably compete with oil producing states in the South-south region.

Read More →
Latest

NPDC grosses about 200,000 BOPD, as year ends

  /   in Sweet Crude   /   Comments

The operating arm of Nigeria’s state hydrocarbon company delivered gross production of 191,025 Barrels of Oil per Day (BOPD) in mid-December 2013, a higher figure than the November 2013 production which averaged 173,000BOPD.

Read More →