Category: Energy

NNPC proposes commercial production of biofuels
October 6, 2016 No Responses

NNPC proposes commercial production of biofuels

The Nigerian National Petroleum Corporation (NNPC) is to commence large scale commercial bio-fuel venture as alternative to fossil fuel, Group Managing Director (GMD), Dr Maikanti Baru, has said.  Speaking on Wednesday in Abuja at a two-day  Environment Dialogue programme  titled...
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Nigeria at 56: TUC seeks viable Oil & Gas sector
October 1, 2016 No Responses

Nigeria at 56: TUC seeks viable Oil & Gas sector

The Trade Union Congress of Nigeria (TUC) has challenged the Federal Government to commence of making Nigeria’s Oil & Gas sector more viable.   In a message to mark Nigeria’s 56 Independence day celebration, TUC President, Comrade Bobboi Bala Kaigama....
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Oil workers threaten nationwide strike
September 25, 2016 No Responses

Oil workers threaten nationwide strike

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has threatened to shut down the country if the Federal Government should carry out its plan to sell national assets to augment revenue...
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‘Oil discovery in Lagos, good development for Dangote refinery’
September 20, 2016 No Responses

‘Oil discovery in Lagos, good development for Dangote refinery’

The recent discovery of oil in Lagos in commercial quantity has been described as a good omen for the development of the oil and gas industry which Dangote refinery will benefit from. Speaking in his office in Lagos during a...
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Oando sells 49 per cent stake in Gas, Power subsidiary for $115.8 Million
September 20, 2016 No Responses

Oando sells 49 per cent stake in Gas, Power subsidiary for $115.8 Million

The Board and Management of Oando Plc has concluded arrangement to sell 49 per cent equity stake in its midstream subsidiary, Oando Gas and Power (OGP) Limited to a new investor, Helios Investment Partners  for $115.8 million.    The transaction...
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Conoil shareholders to get N2.08b dividend
September 9, 2016 No Responses

Conoil shareholders to get N2.08b dividend

For the year ended December 31, 2015, shareholders of Conoil Plc are to get N2.08 Billion, amounting to N3 per share, compared to N1 paid in the previous year.    Despite challenges within the operating year, the company also declared...
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NLNG decries proposed agenda to repeal enabling Act
September 6, 2016 No Responses

NLNG decries proposed agenda to repeal enabling Act

The Nigeria Liquefied Natural Gas Limited (NLNG) has decried efforts by the legislature to repeal its enabling Act.   Managing Director of NLNG, Mr Tony Attah, who led management team of the company on a courtesy visit to the Minister of...
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NNPC denies plan to increase fuel price
September 6, 2016 No Responses

NNPC denies plan to increase fuel price

The Nigerian National Petroleum Corporation (NNPC) has denied reported plan by the Federal Government to increase fuel price as untrue.   . The NNPC Group Managing Director (GMD), Maikanti Baru, told the State House correspondents  after  meeting with Presi...
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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 o...
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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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