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NLNG trains 7, 8 to reduce gas flaring to zero level – GM

Jun 6, 2017

The General Manager, External Relations of the Nigerian Liquefied Natural Gas Ltd, Dr. Kudo Eresia-Eke disclosed in Lagos that the proposed NLNG trains seven and eight would reduce gas flaring in Nigeria to zero level, Vanguard reports. Eresia-Eke disclosed in Lagos that the completion and operations of trains one to six have reduced gas flaring from over 60 per…

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Power firms lament FG’s failure to meet commitments to power sector

Jun 6, 2017

Power distribution and generation companies have said the failure of the Federal Government to fulfill its part of the agreements reached during the privatisation of the firms is a major issue affecting the power sector, The Punch reports. The Chief Executive Officer, Association of Nigerian Electricity Distributors, an umbrella body for the Discos, Mr. Azu…

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Taleveras among winners of Equatorial Guinea oil blocks

Jun 5, 2017

According to the Equatorial Guinea hydrocarbons ministry, the country has signed a production-sharing contract for offshore block EG-11 with U.S. oil major ExxonMobil, Reuters reports. Winners were revealed by Equatorial Guinea’s Minister of Mines and Hydrocarbons Gabriel Obiang-Lima on Monday in Capetown at a press conference. Daily Trust also reported that UK based Ophir Energy won…

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Senate allays fears of increase in petrol pump price

Jun 5, 2017

The Senate has allayed fears that the N5 tax for roads maintenance in the proposed National Road Fund Bill would lead to an increase in the pump price of premium motor spirit (PMS), popularly called petrol, from the current price of N145 per litre, Leadership reports. Senate President Bukola Saraki in a statement, yesterday, said…

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FG initiates process of revamping and utilization of Enugu coal deposits

Jun 5, 2017

The President Muhammmadu Buhari led administration, last week, kick-started a process towards revamping the abandoned coal deposits in Enugu State, Daily Post reports. The Presidency has mandated the Minister of Mines and Steel Development, His Excellency, Dr Kayode Fayemi to facilitate the process of revamping Enugu coal so as to generate electricity and employment for…

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NPDC loses N260bn as production falls by 70%

Jun 5, 2017

The oil production subsidiary of the Nigerian National Petroleum Corporation, the Nigerian Petroleum Development Company, has been recording steady monthly losses arising from its inability to sell substantial volumes of crude oil it is producing, largely due to pipeline sabotage, The Punch reports. An analysis of the month-by-month financial report of the NPDC showed that…

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Europe’s adoption of green vehicles may lead to Nigeria becoming a dumpsite

Jun 5, 2017

With experts saying at least eight out of 10 cars plying roads globally would be green before 2030, Nigeria and other developing countries have been marked to become dumping grounds for petrol and diesel engines that are now being phased out in Europe and other developed countries following the adoption of vehicles that use clean…

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