Thursday October 2nd, 2014
Thursday October 2nd, 2014
Latest

Banks cautious over investing in solid minerals —NGSA

  /   in Sweet Crude 12:00 am   /   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.

Read More →
Latest

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.

Read More →
Latest

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

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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,

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

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

Read More →
Latest

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).

Read More →
Latest

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.

Read More →
Latest

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.

Read More →
Latest

Unemployment: Oil sector employs 0.01% of Nigerian workforce

  /   in Sweet Crude   /   Comments

refinery 7

Despite accounting for about 70 per cent of Nigeria’s revenue, the oil and gas sector was the least employer of labour in Nigeria in 2013, data released by the National Bureau of Statistics has revealed.

Read More →
Latest

NLNG, HHI flag off training on ship building

  /   in Sweet Crude   /   Comments

Apapa port

Nigeria LNG Limited (NLNG), and Hyundai Heavy Industries (HHI) in Bonny Island, Rivers State, have announced the kicked off of two-year ship building training programme at the NLNG-owned Bonny Vocational Centre (BVC).

Read More →
Latest

Caverton’s contracts from Total attract 2yr extension

  /   in Sweet Crude   /   Comments

Caverton Offshore Support Group, a provider of marine, aviation and logistics services to local and international oil and gas companies in Nigeria, has won a two-year contract extension with Total Exploration and Production Nigeria Limited.

Read More →
Latest

FG sets up committee on ecology

  /   in Sweet Crude   /   Comments

PORT HARCOURT: THE Minister of Environment, Mrs Lawrencia Laraba-Mallam, has inaugurated working groups in the Niger Delta to evolve solution to tackle degradation of the ecosystem in the region.

Read More →
Latest

Iron ore heads for record losing streak on growing supply

  /   in Sweet Crude   /   Comments

Iron ore capped a sixth monthly drop in the longest losing run on record as rising supplies from Australia and Brazil spur a global glut. Fortescue Metals Group Ltd. (FMG) said there could be further losses, with a risk prices may retreat to the lowest level since 2009.

Read More →
Latest

Labour unions move against hike in electricity tariff

  /   in Sweet Crude   /   Comments

electricity

Organised labour has moved against the new electricity tariff that commenced June 1, 2014, describing the hike as anti-people and anti-labour.

Read More →
Latest

BEYOND OIL: Exploring solid minerals potential

  /   in Sweet Crude 9:18 pm   /   Comments

Miners

It is mind-blowing to see a country such as Nigeria wallowing in abject poverty and having a comatose industrial sector due to inadequate attention and political will to transform the abundant minerals and metals endowed by God across the country.

Read More →
Latest

We will not indulge in arbitrary decisions – NSC boss

  /   in Sweet Crude   /   Comments

*Mr Hassan Bello

Following the appointment of the Nigerian Shippers Council, NSC, as the commercial regulator for the nation’s ports, the Executive Secretary of the Council, Mr. Hassan Bello, spoke with Godfrey Bivbere on a variety of issues including plans, challenges, legalities, and a host of others.

Read More →
Latest

PENGASSAN blames gas shortages for power on sabotage

  /   in Sweet Crude   /   Comments

gas

PETROLEUM and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has blamed the poor gas supply that leads to epileptic power in the country on sabotage.

Read More →