Energy – Page 56 – City Business News

February 7, 2018 No Responses

NNPC task force arrest two managers of Azman filling stations over alleged diversion

As part of efforts to sanitize the fuel supply and distribution system to eliminate the queues, the Nigerian National Petroleum Corporation (NNPC) has stepped up the arrest and prosecution of erring marketers and fuel hawkers across the country. A...

February 5, 2018 No Responses

Total to sell 25% stake to Qatar Petroleum

French oil and gas group, Total, has agreed to sell a 25 per cent stake in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum, in a deal which Total said would strengthen its ties with the Qatari group....

February 5, 2018 No Responses

LNG Carrier, Pan Americas handed over to owner

The liquefied natural gas (LNG) carrier Pan Americas, the second one constructed for the Queensland Curtis LNG Project, has been handed over to its owners. Jointly owned by Teekay LNG Partners, China LNG Shipping International, and China’s CNOOC Limited,...

February 1, 2018 No Responses

NNPC seeks PPP arrangement for pipelines

Dr Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), on Wednesday said its subsidiary companies would partner with the private sector to build more pipelines across the country. Baru said this in Abuja in a statement by th...

January 25, 2018 No Responses

NNPC Boss Laments Cross-Border Petrol Smuggling

The Nigerian National Petroleum Corporation (NNPC) on Wednesday raised alarm over the sustained nefarious activities of some cross-border fuel smuggling syndicates and hoarders which have so far impeded efforts by the Corporation to sanitize the fuel supply an...

January 17, 2018 No Responses

Indigenous shipowners may get nod to lift crude

Shipowners and other stakeholders in the maritime sector are on the verge of getting the desired change in trade terms from Free On Board (FOB) to Cost Insurance and Freight (CIF) which would enable them to begin to lift Nigeria...

January 17, 2018 No Responses

Edo to partner Sahara Energy on power, gas

Edo State Governor, Mr. Godwin Obaseki, has explained that the state was developing a new tripartite arrangement involving the oil companies, the state government and host communities to ensure that Corporate Social Responsibility programmes achieve the desire...

January 11, 2018 No Responses

Edo, SINOPEC sign 5,500bpd Modular Refinery deal

The Governor of Edo State, Mr. Governor Godwin Obaseki, on Wednesday in China, expanded the portfolio of foreign investments in the state following the signing of a Memorandum of Understanding (MoU) with a Chinese consortium for a 5,500 barrel per...

January 9, 2018 No Responses

NNPC restores Escravos-Lagos pipeline, resumes gas supply

The Escravos-Lagos Pipeline (ELP) which came down last week as a result of a fire incident has been restored and gas supply to customers on the line including power generating companies resumed. The Nigerian National Petroleum Corporation (NNPC) which disclose...

January 5, 2018 No Responses

Baru: FG lost 148,533 million litres of PMS to diversion

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Thursday disclosed that the nation lost about 148,533000 million litres of fuel to diversion during the December fuel crisis in Nigeria. Speaking at an investiga...

January 4, 2018 No Responses

‘Oando’s forensic audit to commence this month’

There is no going back on the forensic audit of Oando Plc, the Acting Director-General of the Securities and Exchange Commission (SEC), Mr. Abdul Zubair, has said. Speaking at a press briefing in Abuja on Tuesday, Zubair said the...

December 28, 2017 No Responses

Abuja motorists get more free fuel as NNPC, DPR, seal stations

Some motorists in Abuja on Wednesday got more free petrol as the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR) sealed more stations. The team had sealed the Khalif Civic Centre and Investment Limited at Kubwa,.....

December 28, 2017 No Responses

Sources fault Kachikwu’s alleged memo, clears Kyari

The alleged circulation of non-existent July 2017 memo, predicting the likely shortage of PMS by the Minister of State for Petroleum Resources, Dr. Ibe Kackiwu has been described as a grand design to discredit and embarrass President Muhammadu Buhari and hi...

December 26, 2017 No Responses

NNPC, DPR uncover illegal fuel reservoirs in Abuja

A combined team of the Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR) and security agents on Sunday uncovered illegal reservoirs of fuel in Abuja. Speaking at the site of the mini depot, the Group Managing Director of...