Energy Archives — Page 57 of 62

October 27, 2016 No Responses

NLNG to raise $15b, targets 18,000 jobs

The Nigeria Liquefied Natural Gas Limited (NLNG) is to raise $15 billion from the International Capital Market to fund its Train 7 project. Briefing members of the Senate Committee on Gas led by Senator Bassey Albert Akpan, Managing Director...

October 26, 2016 No Responses

Don’t contemplate another fuel price hike, TUC tells FG

The Trade Union Congress (TUC) of Nigeria has advised the Federal Government not to contemplate any increase in the price of petroleum products. The union in a statement on Tuesday described the statement credited to the Group General Manager,...

October 26, 2016 No Responses

‘No plan to increase petrol price’

The Nigerian National Petroleum Corporation (NNPC) has denied reported plan to increase the price of fuel. In a statement issued by the Group General Manager, Group Public Affairs Division, NNPC, Mr. Garba-Deen Muhammad, the corporation said, “Reference o...

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 Dial...

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....

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...

September 25, 2016 No Responses

Militants blow up another pipeline

Breaking a ceasefire it declared a month ago, the Niger Delta Avengers has claimed responsibility for the bombing of another oil pipeline in the Niger Delta. The group in a statement through its spokesman, Mudoch Agbinibo said the group...

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...

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...

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...

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...

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...

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...

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...