Saturday July 26th, 2014
Saturday July 26th, 2014
Latest

Unemployment: Oil sector employs 0.01% of Nigerian workforce

  /   in Sweet Crude 12:21 am   /   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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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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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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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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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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ERHC gets presidential nod for Chadian oil blocks

  /   in Sweet Crude   /   Comments

*Workers fixing a broken oil pipeline.

ERHC Energy Inc., said it has received the approval of the Chadian President to retain oil exploration Block BDS 2008, and its voluntary relinquishment of the Manga and Chari-Ouest III Blocks.

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PENGASSAN petitions Presidency over oil sector challenges

  /   in Sweet Crude   /   Comments

President Goodluck Jonathan (2nd right), with Labour leaders and Labour minister, Emeka Wogu (left)

Tuesday in Abuja that the meeting was a follow up to last month’s meeting between U.S. officials and some Northern governors in Washington D.C.

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Latest

Total tasks Hyundai on Nigerian content compliance

  /   in Sweet Crude   /   Comments

*Offshore oil rig on fire.

Nigerian unit of French oil giant, Total E&P Nigeria Limited, Total, has directed Hyundai Heavy Industries (HHI), a contractor on the NNPC/Total Joint Venture’s Ofon-2 Project, to ensure full compliance with all applicable provisions of the Nigerian Content Act.

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Global oil to grow in 2014 – IEA

  /   in Sweet Crude 11:01 pm   /   Comments

Oil Installation

International Energy Agency, (IEA), has revealed a greater rise in Global oil demand than expected this year, according to a new forecast that found consumption grew by 91.2m barrels per day (bpd) in Q4 last year.

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Nigerian companies now exporting capabilities – PETAN

  /   in Sweet Crude   /   Comments

Emeka-Ene

Each year scores of Nigerian companies and participant throng the Offshore Technology Conference, OTC, in Houston Texas, USA. However, the Chairman, Petroleum Technology Association of Nigeria, PETAN, Mr. Emeka Ene, tells Clara Nwachukwu, that it is far from the jamboree many suspect the conference to be, saying that Nigerian companies have broken new grounds in technology and exporting their capabilities and the OTC offers the best platform to showcase these

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FG trains engineers for power

  /   in Sweet Crude   /   Comments

POWER-EQUIP

The successful execution of the reforms in the nation’s power sector, especially, the handing over of assets of liquidated Power Holding Company of Nigeria, PHCN, to its new owners, hasno doubt brought in fresh challenges in the industry.

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Growing indigenous technology in Nigeria’s petroleum sector

  /   in Sweet Crude   /   Comments

Technology can have a substantial impact on an industry’s performance. Consider the effect of genetic engineering on pharmaceuticals, of transistors on telecommunications and of plastics on metals. Identification of the commercial potential of technological developments has dramatically accelerated world-wide, and the lag between ideas, invention and commercialization has decreased.

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Latest

Bayelsa experiences 40 oil spills monthly

  /   in Sweet Crude 2:51 am   /   Comments

*Oil spillage

The National Oil Spill Detection and Response Agency, NOSDRA, has revealed that Bayelsa State, records about 40 spill cases in a month.

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PORT CONCESSION: INTELS innovations drive standards in maritime sector

  /   in Sweet Crude 11:44 pm   /   Comments

maritime

Prior to the concession of the sea ports in Nigeria, Nigerian ports were nothing to write home about. The ports were bedevilled by numerous ills and challenges.

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High entry point discourages gas usage -Adeshina

  /   in Sweet Crude   /   Comments

11

President, Nigerian Liquefied Petroleum Gas Association, NLPGA, Mr. Dayo Adeshina, in this interview with MICHAEL EBOH, speaks about the many challenges hindering the use of LPG by a vast majority of the population.

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We will continue to support Maritime –Kure

  /   in Sweet Crude   /   Comments

Zainab-Kure's-pix

THE Chairman, Senate Committee on Marine Transport , Hajia Zainab Kure, in this interview with Sweetcrude’s Godwin Oritse, said that the committee will continue to support the Maritime Academy of Nigeria (MAN), Oron which is currently under going massive infrastructural changes

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Gas shortage frustrates constant power supply —NERC boss

  /   in Sweet Crude   /   Comments

Light

Inadequate gas supply has been identified as one of the major challenges bedeviling the power sector after its successful privatisation by President Goodluck Jonathan’s administration in 2013.

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Local Content: ARCO engages 400 personnel

  /   in Sweet Crude   /   Comments

Oil-Report

As part of its contribution towards addressing the issue of unemployment in the country, Arco petrochemical Engineering Company, said it has engaged about 400 Nigerians in different areas of its operations.

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