Oil & Gas Archives — Page 19 of 20

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 27, 2016 No Responses

NIMASA boss decries negative impact of oil spills

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said described preparedness and core training as the panacea for handling oil spills in the maritime environment. The Director General said this w...

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 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...

August 24, 2016 No Responses

CBN suspends First Bank, Diamond, others from forex transactions

Citing non-remittance of all outstanding Nigerian National Petroleum Corporation (NNPC) funds in their vaults into the Treasury Single Account (TSA), the Central Bank of Nigeria (CBN) has suspended nine banks from further dealing in foreign exchange transact...

August 24, 2016 No Responses

COSCO Shipping places order for four Asphalt Carriers

COSCO Shipping’s subsidiary Cosco Southern Asphalt Shipping has ordered four 7,500 dwt asphalt carriers from Chinese shipbuilder CSSC Chengxi Shipyard. The company explained that the new ships would serve both short-range routes as well as the company’s ...

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...