Category: Energy

Forensic Audit: Court strikes out Oando’s case against SEC
November 24, 2017 No Responses

Forensic Audit: Court strikes out Oando’s case against SEC

A Federal High Court sitting in Lagos has struck out a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from conducting a forensic audit on the company and also lift a technical...
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NNPC, Chevron sign $1.7b deal to increase crude, gas production
November 20, 2017 No Responses

NNPC, Chevron sign $1.7b deal to increase crude, gas production

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the final phase of an Alternative Financing Agreement to increase crude production by about 39,000 barrels per day. The agreement, signed in London, is also expected...
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Expert blames exit of firms from oil & gas zone on alleged OGFZA’s unfriendly policies
November 20, 2017 No Responses

Expert blames exit of firms from oil & gas zone on alleged OGFZA’s unfriendly policies

Citing unfriendly policies, a Port Harcourt based oil and gas industry expert, Dr. Austin Obieze has accused the Oil and Gas Free Zones Authority (OGFZA) of allegedly deviating from Federal Government laid down rules and regulations.    This is even...
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FG to approve three modular refineries in Edo
November 10, 2017 one Response

FG to approve three modular refineries in Edo

The Federal Government is processing applications received for the establishment of seven modular refineries in Edo State, Minister of State, Petroleum Resources, Dr. Ibe Kachikwu has said.  Speaking in Benin City on Thursday ahead of Alaghodaro Investment Su...
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NLNG awards $100,000 to three winners of 2017 Science Prize
November 3, 2017 No Responses

NLNG awards $100,000 to three winners of 2017 Science Prize

The Advisory Board of the Nigeria Prize for Science and Nigeria LNG Limited (NLNG) on Thursday announced three research works as joint winners for the 2017 edition of the prize after two years intensive search for innovations in the fight...
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NLNG awards 10 overseas post-graduate scholarships
October 26, 2017 No Responses

NLNG awards 10 overseas post-graduate scholarships

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Obaseki to FG: Deregulate petroleum sector now
October 24, 2017 No Responses

Obaseki to FG: Deregulate petroleum sector now

The former Group Managing Director of the Nigerian National Petroleum Company (NNPC), Dr Jackson Gaius-Obaseki, has advised the Federal Government to consider full deregulation of the value chains of the nation’s petroleum sector. Gauis-Obaseki, who is cur...
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Ondo to revive LNG firm, seeks partnership with NNPC, Chevron, Shell, others
October 23, 2017 No Responses

Ondo to revive LNG firm, seeks partnership with NNPC, Chevron, Shell, others

To boost Ondo State’s economy, the State Governor, Rotimi Akeredolu has announced plans to revive moribund OK LNG, a state government-owned firm.   This was the high point of a meeting held in the office of the Chief of Staff to...
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Oando Shareholders seek accelerated investigation as Johannesburg Stock Exchange suspend firm
October 20, 2017 No Responses

Oando Shareholders seek accelerated investigation as Johannesburg Stock Exchange suspend firm

Shareholders of Oando Plc on Thursday commended the resolve of Securities and Exchange Commission (SEC) to investigate allegation leveled against management of the company.   Meanwhile, the Johannesburg Stock Exchange (JSE) on Thursday suspended trading in th...
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Sec probes Oando, shares on technical suspension
October 18, 2017 No Responses

Sec probes Oando, shares on technical suspension

The crisis rocking Oando plc on Wednesday assumed a new dimension as the Secirities and Exchange Commission (SEC) directed the Nigerian Stock Exchange (NSE) to place the shares on technical suspension effective from October 20, 2017.   Under the arrangement,....
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INTELS: NPA frustrated attempts to resolve TSA logjam
October 18, 2017 No Responses

INTELS: NPA frustrated attempts to resolve TSA logjam

The management of Nigeria’s oil and gas logistics giant, INTELS Nigeria Limited says the present management of Nigerian Ports Authority (NPA) deliberately frustrated attempts to address the issues raised by introduction of the Treasury Single Account (TSA) i...
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NLNG demands $315m judgment debt from NIMASA
October 17, 2017 No Responses

NLNG demands $315m judgment debt from NIMASA

The Management of Nigeria LNG (NLNG) has formally issued a demand notice for the sum of $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency (NIMASA).   According to NLNG, the sum represents the payments made under protest.....
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Chevron to deliver LNG to customers in Asia
October 11, 2017 No Responses

Chevron to deliver LNG to customers in Asia

 Chevron  has started producing liquefied natural gas (LNG) at the Wheatstone project in Western Australia.    According to Offshore Magazine, the first cargo is on track to be shipped in the coming weeks. At full capacity, the Wheatstone project’s t...
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Baru reiterates commitment to consolidate NNPC, trading company to efficiency, profitability
October 11, 2017 No Responses

Baru reiterates commitment to consolidate NNPC, trading company to efficiency, profitability

 The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability.    Since assuming duty, Dr. Baru...
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