Energy Archives — Page 58 of 62

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...

August 10, 2016 No Responses

Declare state of emergency on economy, NUPENG tells Buhari

By Moses Ebosele – The Nigerian Union of Petroleum and Natural Gas workers (NUPENG) on Tuesday expressed worry over what it described as “parlous state” of the Nigerian economy. The union in a statement issued by its President, Dr Igwe...

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...

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...

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)...

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...

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...

July 26, 2016 No Responses

FG explains $42.5 per barrel benchmark for 2017

The Federal Government has proposed $42.5 per barrel benchmark for the year 2017. Presenting the 2017-2019 Meduim Term Expenditure Framework (MTEF) to civil society group in Abuja on Monday, Minister of Budget and National Planning, Udoma Udoma, explai...

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 ...

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...

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 ...

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...

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...

July 8, 2016 No Responses

Reps insist on compulsory listing of telecomms, oil & gas firms

The Speaker, House of Representatives, Mr Yakubu Dogara has reiterated the commitment of lawmakers to pass laws to compel multinational oil and gas companies as well as telecommunication firms doing business in Nigeria to list their shares on the floor...