Firm assures on converting coal to electricity

Firm assures on converting coal to electricity

A firm, Desert Rock Exploration has said in Abuja, yesterday, that it would be possible to generate not less than 2,100Mw of electricity within 24 months from coal, if government officials do not frustrate investors with unnecessary bureaucracy, mostly for corrupt purposes.
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FG determined to stop gas flaring , Lukman

FG determined to stop gas flaring , Lukman

THE Minister of Petroleum Resources, Dr. Rilwanu Lukman has reiterated the commitment of the Federal Government to stop gas flaring at the nation’s 187 oil flow stations through the vehicle of the accelerated Gas Development Projects.

Bloody riot averted in Kazaure

Bloody riot averted in Kazaure

Swift intervention of security operatives and the Emir of Kazaure Alhaji Najeeb Hussaini Adamu, yesterday averted what could have turned into a bloody riot in Kazaure town in Jigawa state, following the misunderstanding between a driver and a police traffic warders which led to the untimely death of the driver, leaving some churches torched .

PEF management urges PENGASSAN to brace for deregulation

PEF management urges PENGASSAN to brace for deregulation

MANAGEMENT of the Petroleum Equalisation Fund (PEF) has urged its staff and members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to prime itself for the challenges that will come with the deregulation of the downstream sub-sector of the oil industry.

Australian giant invest in Nigeria’s gold project

Australian giant invest in Nigeria’s gold project

ABUJA — A top Australian Mining Company, CGA Mining Limited, announced on Friday at the Mining Indaba Conference in Cape Town , South Africa that it would be investing in a 750,000 tons per annum gold project in Osun, which will yield a minimum production profile of in excess of 100,000 ounces a year.

Nigera woos mining investors, offers 3-yr tax holiday

Nigera woos mining investors, offers 3-yr tax holiday

ABUJA — The Minister of Mines and Steel Development Mrs. Dieziani Alison-Madueke yesterday wooed global investors in the mining sector to the Nigeria, saying the country would grant a three-year tax holiday to new mining companies.

Africa oil totake assignment of Kenyan blocks

Africa oil totake assignment of Kenyan blocks

AFRICA Oil has signed a definitive agreement with Platform Resources Inc., a wholly owned subsidiary of Alberta Oilsands Inc., to take an assignment of Platform’s 100% interest in Blocks 12A and 13T in Kenya.

Customs flags off laptop acquisition scheme

Customs flags off laptop acquisition scheme

By Ifeyinwa Obi LAGOS — The Nigerian Customs Service has flagged off a Laptop Acquisition Scheme, LAS, designed to enable every Customs officer owns a laptop at a subsidised rate. Comptroller-General of Customs, Alhaji Dikko Abdullahi, who disclosed this in a chat, said the beneficiaries would bear only a 50 per cent cost of acquisition […]

Fuel: NNPC exceeds national daily consumption level

Fuel: NNPC exceeds national daily consumption level

THE Nigerian NationalPetroleum Corporation’s (NNPC) has exceeded the national daily consumption level of petroleum products, pumping an average 41 million litres per day – the established national daily consumption is 30 million litres per day.

Total’s Obite gas plant receives ISO-14001 certification

Total’s Obite gas plant receives ISO-14001 certification

For the fourth time in as many years, the Obite Gas Plant (OGP) of Total E&P Nigeria Limited (TEPNG) has been awarded ISO-14001 Certification, an indication that operations at the plant are carried on under international best accepted practices.