Heirs Energies, Renaissance Africa collaborate to drive Nigeria’s oil and gas devt
Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance's leadership team, led by the Managing Director, Tony Attah.
NLNG loses $525m in face-off with NIMASA
The Nigeria LNG Limited, NLNG, the nation’s foremost liquefied natural gas, producer, may have lost about $525 million as a result of the ongoing dispute with the Nigerian Maritime Administration and Safety Agency, NIMASA, over levy.
Oil workers tackle presidency over crude oil theft
…insist politicians, highly placed individuals are responsible
WORKERS in the nation’s petroleum industry have accused the Presidency of being economical with words over the alarming rate of crude oil theft in the country, insisting that politicians and highly placed individuals are responsible for the increasing crude theft.
52% Nigerians still buy petrol above N97/L – NOI Poll
Despite the huge subsidy and petroleum equalisation paid by the Federal Government to enable Nigerians buy petrol at regulated price of N97/litre, the reality is that more than half of Nigerians still buy the product above the prescribed amount.
Power situation worsens as Shell shuts Afam VI Power Plant
Nigeria’s power situation worsened Tuesday, as Shell Petroleum Development Company, SPDC, shut down its 624 mega watts Afam VI Power Plant.
World Bank faults FG’s management of oil reserves
The World Bank has faulted the Federal Government’s management of oil revenues, and also warned that the country faces serious challenges in sustaining the momentum of its fiscal consolidation and reserves growth.
NLNG/NIMASA row: Marketers run to Niger for LPG
The row over levy between the Nigeria Liquefied Natural Gas (NLNG) Limited and Nigerian Maritime Administration and Safety Agency (NIMASA) has forced liquefied petroleum gas, LPG, dealers in the country to import the product from neighboring Niger Republic to meet local demand.
Investment indecision stalls LNG projects
An air of uncertainty hovers around the execution of some major liquefied natural gas, LNG projects in Nigeria, as partners are still undecided on the wisdom of their investments.
‘Maritime Convention will curb bunkering’
The ratification and planned domestication of the Maritime Labour Convention, MLC 2006, in Nigeria, will help entrench fair competition among ship owners, reduce oil bunkering, boost local content and increase Nigeria’s crude production and export, according to stakeholders in the petroleum and maritime sector.
Kaztec, Shell sign $84.5m pipeline contract
Kaztec Engineering Ltd, KEL, a member of the Chrome Group, has won a $84.5 million for the engineering procurement and construction, EPC contract of Shell Nigeria Exploration and Production Company, SNEPCo’s Trans-Niger Pipeline, TNP.
Govt, IOCs hold fast to arguments on PIB
The disagreement over the contentious Petroleum Industry Bill, PIB, between the government and the International Oil Companies, IOCs, reared its head again at the just concluded business forum of the Nigerian Gas Association, NGA.
