Oil & Gas

Afren extends Bumi FPSO deal

Dec 16, 2013

Africa-focused explorer Afren Energy Resources is to hold onto a Bumi Armada floating production, storage and offloading unit for another two years. The company has exercised its second and third options over the Armada Perkasa, which is currently working on the Okoro-Setu field off Nigeria. The two-year extension is costing around 221 million Malaysian ringgits…

Read More

JV agreement to strengthen ops in Nigeria’s O&G industry

Dec 16, 2013

The JV agreement between Jed Air and Voyageur Airways to strengthen operations by providing air lifting services in the oil and gas sector was launched with a Bombardier Dash 8 -300 series, 50-seater aircraft for oil and gas services arriving in Nigeria. The turbo prop aircraft was received at a private terminal at the Lagos…

Read More

Pipeline vandalism caused recent power outages –FG

Dec 16, 2013

The Minister of Power, Prof. Chinedu Nebo has blamed vandalism of gas infrastructure for about 22 percent drop in power supply experienced recently nationwide. Nebo who made this known while addressing members of the House Committee on Power during their oversight visit to the Ministry, Friday urged the lawmakers to enact a stiffer penalty on…

Read More

Etisalat’s partnership with Total brings services closer to customers

Dec 16, 2013

Telecommunications operator, Etisalat has moved decisively to bring its exciting telecommunications services closer to the doorsteps of her customers with the opening of 35 additional mini experience centres located within Total Service Stations across Nigeria. This comes on the heels of the fi rst set of 45 Etisalat launched earlier this year. According to Director,…

Read More

Okonjo-Iweala: NLNG is an asset to Nigeria

Dec 16, 2013

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, was at the Nigeria Liquefied Natural Gas (NLNG) Plant in Finima, Bonny Island, Rivers State. She described the NLNG as an asset to Nigeria, writes OLUKOREDE YISHAU. The company has made $25 billion from a $2.6 billion investment; it has  six-train plant…

Read More

TUC tasks FG on NUPENG, PENGASSAN strike threat

Dec 16, 2013

President of Trade Union Congress, TUC, Mr. Bobboi Kaigama, has tasked the Federal Government to act fast to save Nigerians from fuel scarcity during this festive period, following threats by NUPENG and PENGASSIN to embark on strike over proposed sale of the nation’s refineries. The leaderships of NUPENG and PENGASSIN had condemned alleged plan by…

Read More

Challenges Facing The LPG Sector In Nigeria

Dec 16, 2013

Apart from the continuous subsidising of domestic kerosene due to some political reasons which has remained a huge hindrance to the growth of Liquefied Petroleum Gas (LPG) also known as cooking gas in the country, Federal Government policies seem to have created a bottle neck situation for operators and stake holders in the sector alike.…

Read More

DPR threatens to shut filling stations under-dispensing petroleum products

Dec 13, 2013

The Department of Petroleum Resources, DPR, on Thursday threatened to close filling stations under-dispensing petroleum products to unsuspecting customers. The DPR Operations Controller, Lagos/Ogun Zonal Office, Gbenga Koku, issued the threat in Lagos. He said that the agency had begun the surveillance of fuel stations in the two states. Mr. Koku also urged members of…

Read More

IEA boosts 2014 global oil demand on US recovery

Dec 13, 2013

Global oil demand in 2014 will be higher than previously forecast, after consumption in the US rebounded to its strongest level in five years, the International Energy Agency said. The IEA estimated this week in its monthly oil market report that demand will increase by 1.2 million barrels a day, or 1.3 percent, to 92.4…

Read More

NNPC workers storm Abuja, protest sale of refineries

Dec 13, 2013

Workers of the Nigerian National Petroleum Corporation (NNPC) Thursday protested against the plans by the federal government to sell the nation’s oil refineries in Kaduna, Warri and Port Harcourt to private investors in the first quarter of 2014. The protest was held under the umbrella of Petroleum and Natural Gas Senior Staff Association of Nigeria…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...