Energy Archives — Page 45 of 58

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 to achieve...

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...

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...

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...

November 1, 2017 No Responses

Group alleges ‘siege mentality against Intels’

The Niger Delta Youth Coalition (NDYC) has accused the Oil and Gas Free Zones Authority (OGFZA), Nigerian Ports Authority (NPA) and the Federal Inland Revenue Service (FIRS) of incessant attacks against Intels Nigeria Limited, saying that such alleged att...

October 31, 2017 No Responses

Total Nigeria, Forte Oil top gainers’ table

By citybusinessnews@yahoo.com – Transactions on the floor of Nigerian Stock Exchange (NSE) resumed on Monday on a positive note as market capitalisation increased by N8 billion or 0.06 per cent to close at N12.627 trillion compared to N12.61...

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...

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...

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...

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,....

October 18, 2017 No Responses

Buhari Signs University of Petroleum Resources Bill

President Muhammadu Buhari Tuesday in Abuja pledged continued support for the socio-economic development of the Niger Delta region. Giving the assurance at a brief ceremony in the State House to sign the bill establishing the University of Petroleum Resources,...

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.....

October 16, 2017 No Responses

Osinbajo: NNPC did not award $25b contracts

The Nigerian National Petroleum Corporation (NNPC) did not award $25billion contracts, Vice President Yemi Osinbajo has declared. A statement issued on Sunday by the Vice President Senior Special Assistant (SSA), media and publicity, Laolu Akande, explaine...

October 14, 2017 No Responses

NPA replies Intels, insist on level playing field for all operators

By citybusinessnews@yahoo.com – The management of Nigerian Ports Authority (NPA) has dismissed reported plans by Integrated Logistics Services limited (Intels) to withdraw its investment agenda in Nigeria. According to NPA, business thrives in f...