Category: Energy

Heritage Bank Seeks Support For Affordable Solar Power
October 8, 2018 No Responses

Heritage Bank Seeks Support For Affordable Solar Power

Heritage Bank Plc has aligned forces with ‘Liter of Light Nigeria’, a global open source movement, to provide sustainable solar electricity for Itomaro community in Lagos State. Passionate about making cheap and sustainable solar street lights accessible to the impoverished...
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Nigeria Approves $64m Contract For Escravos Power Supply
September 27, 2018 No Responses

Nigeria Approves $64m Contract For Escravos Power Supply

Nigeria’s  Federal Executive Council (FEC) meeting on Wednesday approved $64 million for power supply to Escravos communities. Minister of State for Petroleum Resources Ibe Kachikwu made this known at the end of the FEC meeting chaired by Vice President Yem...
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NNPC Records 48% Reduction In Pipeline Vandalism
September 21, 2018 No Responses

NNPC Records 48% Reduction In Pipeline Vandalism

The Nigerian National Petroleum Corporation (NNPC) says it has recorded a 48.21 per cent reduction in the rate of pipeline vandalism in the month of April 2018.   The corporation disclosed this in its monthly Financial Report, released in Abuja,...
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NNPC Begins Refueling Services To Ships
August 30, 2018 No Responses

NNPC Begins Refueling Services To Ships

 The Nigerian National Petroleum Corporation (NNPC) has unveiled plans to set up a subsidiary to provide refueling services to ships and other ocean-going vessels.  A statement by its spokesman, Mr Ndu Ughamadu, in Abuja on Wednesday, said the move was...
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Total To Sell Stake In LNG Terminal To Shell
August 29, 2018 No Responses

Total To Sell Stake In LNG Terminal To Shell

French energy major Total has decided to sell its 26 per cent  equity stake in Hazira LNG regasification terminal in India to Shell which holds 74 per cent  in the facility. The duo signed a binding Letter of Intent (LOI) for...
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NLNG Train 7 To Increase FDI
August 20, 2018 No Responses

NLNG Train 7 To Increase FDI

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, over the weekend said NLNG’s planned Train 7 Project, which will increase production output of its plant from 22 Million Tonnes Per Annum (MTPA) to 30...
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NNPC Seeks Clarification On Proposed Petroleum Asset Management Company
August 17, 2018 No Responses

NNPC Seeks Clarification On Proposed Petroleum Asset Management Company

The Nigerian National Petroleum Corporation (NNPC) on Thursday sought clarification on the funding structure of the proposed Nigerian Petroleum Asset Management Company (NPAMC) in the Petroleum Industry Governance Bill (PIGB).   Dr Maikanti Baru, the Group Ma...
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Nigeria Unveils Agenda For Two Additional Refineries
August 15, 2018 No Responses

Nigeria Unveils Agenda For Two Additional Refineries

The Nigerian National Petroleum Corporation (NNPC) says it has plans to establish 100,000-barrels-per-day brownfield refineries in Port-Harcourt and Warri to boost local refining of crude oil in the country.  The Group General Manager, Group Public Affairs Di...
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Empowerment Scheme: NLNG Graduates 84 Youths
August 8, 2018 No Responses

Empowerment Scheme: NLNG Graduates 84 Youths

Eighty-four (84) youths have become the latest batch of trainees to emerge from Nigeria LNG (NLNG)’s skill acquisition and capacity building programme,Youth Empowerment Scheme (YES).  YES is one of NLNG’snumerous initiativesdesigned to make youths y in it...
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Nigeria To Review Revenue Template
July 28, 2018 No Responses

Nigeria To Review Revenue Template

President Muhammadu  Buhari has ordered for the review of the revenue reporting template between the NNPC and the Federation Account Allocation Committee (FAAC).  The Minister of Finance,  Mrs Kemi Adeosun conveyed the President’s directive on Friday whil...
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Shell To Sell $2B Nigeria Oil Assets
July 21, 2018 No Responses

Shell To Sell $2B Nigeria Oil Assets

The Anglo-Dutch oil major is discussing selling oil mining licenses 11 and 17 to Heirs Holdings Ltd., a company run by Nigerian tycoon Tony Elumelu, the people said. Included in the sale are infrastructure assets such as a natural gas-fired...
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Total MD Faces Arrest Over $1B Pipeline Contract
July 20, 2018 No Responses

Total MD Faces Arrest Over $1B Pipeline Contract

The Senate Committee on Gas, investigating $1billion pipeline contract, has threatened to issue warrant of arrest on Managing Directors, Total and Saipem, if they fail to appear in person on Tuesday.  The Chairman of the committee, Senator  Basset Akpan, gav...
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Oando: Court Orders Wale Tinubu’s Firms to Pay Volpi $680 Million
July 16, 2018 No Responses

Oando: Court Orders Wale Tinubu’s Firms to Pay Volpi $680 Million

The London Court of International Arbitration (LCIA) has issued an award against two companies owned by the Chief Executive Officer of Oando Plc, Mr. Wale Tinubu and his deputy, Mr. Mofe Boyo to pay a total debt of US$680 million...
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NLNG Seeks $7B For Expansion, Targets 30 Million Tonnes Per Annum
July 12, 2018 No Responses

NLNG Seeks $7B For Expansion, Targets 30 Million Tonnes Per Annum

In the build-up towards Final Investment Decision (FID) later in 2018, Nigeria LNG Limited (NLNG)is seeking $7 billion from the global financial markets for the sustainability of its operations and expansion project which will increase its production capacity ...
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