Oil & Gas

Lagos, firms open LPG refill plant in Ikorodu

Oct 31, 2013

The Lagos State Government has inaugurated a Liquefied Petroleum Gas skid tank (gas refill plant) at Ginti, Ewu Elepe village in Ikorodu area of the state. The state also sensitised residents of the village on the benefits of Liquid Petroleum Gas commonly called cooking gas to the grass roots. Launched under the LPG Initiative, ‘Eko…

Read More

CVFF: Expert cautions against direct disbursement to beneficiaries

Oct 31, 2013

A maritime practitioner and Master Mariner, Captain Adewale Ishola, has urged the federal government to stop direct disbursement of the Cabotage Vessel Financing Fund (CVFF) to intending beneficiaries to avert the collapse of the scheme. Ishola, who disclosed this to Vanguard at Oron, Akwa Ibom State during a training programme for maritime journalists, said that…

Read More

Ministries of Trade, Transport accused of aiding Intels’ monopoly at Onne Port

Oct 31, 2013

A group, ‘Coalition for Better Nigeria’ has accused both Ministries of Transport, Trade and Investment of aiding and abetting the monopolistic drive of Intels, operator of the Onne Oil and Gas Zone in River State. In a statement, the group’s Coordinator, Mr. Fubara Ipalibo said that, the move by Intels to be the sole service…

Read More

Norway to promote local content in Nigeria’s maritime, oil sector

Oct 31, 2013

Norway has entered into a strategic partnership with PEM Offshore to promote local content in the Nigerian maritime and oil and gas sector. Speaking during a visit to the proposed site for the PEM Offshore Simulation and Innovation Center, supported by Kongsberg, Mr. Rolf Ree, Royal Norwegian Ambassador, said the country will help promote technology transfer…

Read More

Independent inspectors save Nigeria N409bn – PPPRA

Oct 31, 2013

The Petroleum Products Pricing Regulatory Agency (PPPRA) has stated that the engagement of independent inspectors by the agency to verify the volume of imported petroleum products saved the country N409billion. It stressed that the reported allegation that there was a petition before the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over N3.5billion fraud…

Read More

Banks ‘ready to fund Brittania-U’s acquisition of Chevron assets’

Oct 31, 2013

With the emergence of Brittania-U Nigeria Limited as the winner of the bids for three Chevron oil blocks, it has been reliably gathered that three banks – First Bank Nigeria Limited, Diamond Bank Plc and Ecobank Plc – have communicated to the US oil multinational of their preparedness and commitment to fund the acquisition of…

Read More

Portugal to receive LNG cargo from Nigeria

Oct 30, 2013

Portugal’s Port of Sines will get a shipment of liquefied natural gas on November 2, port data shows. The LNG Lagos, with a capacity of 122,000 cubic metres, is sailing from the Bonny terminal in Nigeria. The Sines terminal is held by REN Atlântico and has a nominal send out capacity of 600,000 cubic meters per…

Read More

Proserv names country manager for Nigeria

Oct 30, 2013

International energy technology services company Proserv has reinforced its expanding global reach by appointing a country manager in one of West Africa’s fast-emerging provinces. Olu Phillips takes up the post in Nigeria where Proserv has experienced rapid growth in demand for its integrated services and specialist technology. Olu, who has extensive experience in the African…

Read More

Insufficient gas still a challenge to power generation

Oct 30, 2013

As a major gas province with estimated 187 trillion standard cubic feet of gas and several gas-powered power plants, the world expected Nigeria to generate adequate electricity, capable of meeting the demand of its citizens and other nationals. The plants, including AES barge, Aba power plant, Afam 1V, V and V1, Olaoji power plant, Calabar…

Read More

Global energy demand to rise by 52% in 2035 –El-Badri

Oct 30, 2013

The global energy demand is set to rise by 52 per cent in 2035. The Secretary General of the Organisation of Petroleum Exporting Countries, OPEC, Dr. Abdalla S. El-Badri has said in Moscow, Russia. The Secretary General who addressed a gathering to mark this year’s energy week said, “What is clear is that world energy…

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...