Friday August 29th, 2014
Friday August 29th, 2014
Latest

Ofon 2: Total expects 1st oil in Q3 2015

  /   in Sweet Crude 12:54 am   /   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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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.

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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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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.

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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.

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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).

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Bayelsa seeks alternative in oil palms

  /   in Sweet Crude   /   Comments

Oil palm fruits

Giving the volatility of crude oil production earnings and its impact on the economy, many of the oil producing states likeBayelsa,are enhancing diversification efforts, and turning to agriculture as a ready alternative to the their economies the deserved boost.

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NUPENG tasks NCDMB on employment of Nigerians

  /   in Sweet Crude   /   Comments

*Pix. 4: Applicvants who could not find seats await further insatructions as others take seats to write the Nigeria Immigration Service examinations at the 60,000 capacity National Stadium, Abuja. Photo by Abayomi Adeshida

NIGERIA Union of Petroleum and Natural Gas Workers, NUPENG, has tasked Nigerian Content Development Management Board, NCDMB, on strict implementation of the National Content Act 2010, in the oil and gas industry to achieve its objective of among others, generating jobs for Nigeria.

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Julius Berger has not pulled out of Bayelsa – Dickson

  /   in Sweet Crude   /   Comments

Julius Berger workers

Speculations that construction giant, Julius Berger, has moved out of BayelsaState over an alleged contractual debt of N18billion owed by the state government has turned out to be false.

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Sinopec acquires 15% stake in B.C. LNG project

  /   in Sweet Crude   /   Comments

gas

A liquefied natural gas project in British Columbia led by Malaysia’s state-owned Petronas continues to gather momentum with the addition of a fourth Asian partner.

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Latest

Schneider Electric inaugurates Nigeria’s Green Club

  /   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

Schneider Electric, a global specialist in energy management has inaugurated the Schneider Electric Green Currents loyalty programme for electricians as part of its initiative to develop the electrical retail business in Nigeria.

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Latest

Nigeria loses N8.62bn on gas flaring

  /   in Sweet Crude   /   Comments

*Gas flare

Nigeria loses about N8.615 billion ($53.846 million) in one month, as oil firms in the country flared about 53.846 billion standard cubic feet of gas in December 2013.

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Calabar port to handle containerised cargo with specialized vessels – Port Manager

  /   in Sweet Crude   /   Comments

Seaport

The Port Manager of Calabar Port, Musa Wada, has disclosed that despite the low draft of the channel leading to the port, an arrangement is ongoing with one of the terminal operators to bring containerised flat bottom vessels to the facility to increase its cargo throughput.

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Nigeria’s electricity infrastructure ageing, degraded – GE

  /   in Sweet Crude   /   Comments

electricity

General Electric, GE, has described Nigeria’s electricity infrastructure as inadequate, ageing and degraded, a situation that is responsible for the current power crisis in the country.

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Indigenous participation key for oil industry development

  /   in Sweet Crude   /   Comments

Oil Installation

The long-held belief that Nigerians cannot make any meaningful contribution in the nation’s oil and gas industry development appears to be a ruse. In the last four years, especially since the advent of the Nigerian Content Act, indigenous companies have continued to prove that appreciable development in the nation’s hydrocarbon industry can only be achieved

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Oil spills: ERA proposes environmental tribunal

  /   in Sweet Crude   /   Comments

Oil spill

WARRI: TO institute environmental justice in Nigeria, the Environmental Rights Action/Friends of the Earth Nigeria, ERA/FoEN, has called for the establishment of an “Independent National Environmental Tribunal” for speedy resolution of environmental disputes in the country.

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