Category: Energy

Dangers of crude oil production decline, by NNPC Boss
September 5, 2016 No Responses

Dangers of crude oil production decline, by NNPC Boss

The decline of Nigeria’s crude oil production level have grave consequences for the nation and environment, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr M Baru has said. Speaking at a meeting with stakeholders in the oil and gas sector,...
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PwC seeks change of tactics for Oil & Gas industry in Africa
August 23, 2016 No Responses

PwC seeks change of tactics for Oil & Gas industry in Africa

The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue, a new report put together by PwC...
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NNPC faults alleged NPA’s N5Billion debt
August 17, 2016 No Responses

NNPC faults alleged NPA’s N5Billion debt

By Moses Ebosele –    The Nigerian National Petroleum Corporation (NNPC) has blamed its agent, Daddo Maritime for the alleged N5 Billion debt the Corporation is owing  the  Nigerian Ports Authority (NPA).   In a chat with City BusinessNews (www.city...
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NLNG explains reviewed wage scale for seafarers
August 15, 2016 No Responses

NLNG explains reviewed wage scale for seafarers

By Moses Ebosele –    Contrary to some media reports, there is no strike by Seafarers or any other employees within Nigeria Liquefied Natural Gas (NLNG) and its subsidiaries.    NLNG in a statement on Sunday also explained that the...
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NNPC denies report on fuel price increase
August 10, 2016 No Responses

NNPC denies report on fuel price increase

The management of Nigeria Railway Corporation (NRC) has ruled out possibility of imminient in the pump price of petroleum products.    Reacting to online reports suggesting that  the Federal Government will soon increase the price of fuel due to the...
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Transcorp suspends $1b power plan
August 5, 2016 No Responses

Transcorp suspends $1b power plan

(Bloomberg) Transnational Corp. of Nigeria Plc suspended plans to build one of the nation’s biggest power plants as a local gas shortage makes it difficult to obtain fuel and a downturn in Africa’s largest economy hinders efforts to raise funds for...
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Forte Oil to raise N50 Billion Capital
August 2, 2016 No Responses

Forte Oil to raise N50 Billion Capital

By Moses Ebosele –  The board and management of Forte Oil Plc has concluded plan to raise N50 billion debt capital before the end of this year, December 31, 2016. Presenting its “facts and figures” to Nigeria Stock Exchange (NSE)...
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NLNG partners Warsash on maritime training, safety
July 27, 2016 No Responses

NLNG partners Warsash on maritime training, safety

By Moses Ebosele –  As part of measures to support training and development of mariners globally, Nigeria Liquefied Natural Gas Limited (NLNG) has commissioned a manned model of its new Dual Fuel Diesel Electric (DFDE) vessels at Southampton Solent Univ...
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NNPC intensifies oil search in North-East
July 26, 2016 No Responses

NNPC intensifies oil search in North-East

By Moses Ebosele –     The Nigerian National Petroleum Corporation (NNPC) has intensified search for oil in the Chad Basin and other parts of the  North-East.   Receiving the Governor of Bauchi State, Mohammed Abubakar, who paid him a courtesy...
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‘How to curtail premature death through investment in Energy’
July 18, 2016 No Responses

‘How to curtail premature death through investment in Energy’

By Moses Ebosele  Sustained investment in Energy could curtail premature deaths associated with air pollution by half in 2040.    According to a report put together by International Energy Agency (IEA),each  year an estimated 6.5 million deaths are linked ...
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Board approves Tony Attah as NLNG MD
July 15, 2016 No Responses

Board approves Tony Attah as NLNG MD

THE Board of Directors of Nigeria Liquefied Natural Gas (NLNG) has approved the appointment of Tony Attah as Managing Director and Chief Executive Officer.    Attah succeeds Babs Omotowa, who after nearly five years at the helms of affairs of...
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Govt, oil workers may conclude negotiation today
July 12, 2016 No Responses

Govt, oil workers may conclude negotiation today

REPRESENTATIVES of the Federal Government and Oil Workers may conclude negotiation today. Meanwhile, the ongoing strike embarked upon by members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) is yet to be called off. Briefing ...
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Shell, Keppel Offshore form LNG Bunkering JV
July 12, 2016 No Responses

Shell, Keppel Offshore form LNG Bunkering JV

KS Investments Pte Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd, has entered into a shareholders agreement with Shell Eastern Petroleum, a part of Royal Dutch Shell, to form a joint venture company which will establish an LNG...
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Chinese investment in Africa’s power sector hits $13b
July 11, 2016 No Responses

Chinese investment in Africa’s power sector hits $13b

By Moses Ebosele THE Chinese Government and its state-owned companies have invested not less than $13billion in the development of power sector in sub-Saharan Africa between 2010 and 2015. According to a new report put together by the International Energy...
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