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Chevron backs human capacity development in Nigeria

Chevron backs human capacity development in Nigeria

Chevron Nigeria Limited (CNL) has reinstated its commitment in the development of human capital which is urgently required  for the development of all the sectors of Nigerian economy, the Managing…

Alison-Madueke backs implementation of gas-to-power initiatives

Alison-Madueke backs  implementation of gas-to-power initiatives

• As NPDC/Seplat invest $200m on gas facility   The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has vowed to support and  implement  all the  various polices  designed to accelerate…

NERC backs Discos to stablize power supply

National Electricity Regulation Commission (NERC), has restated its commitment towards ensuring that  electricity distribution companies comply with the rules of the game by supplying  electricity to end users without compromising…

OPEC member states at crossroad over sharp drop in oil prices

By Anayo Korie  -  Ag Energy Editor   The sharp  drop  in the price of crude in international market , in theory should be matter of concern to the Organisation…

Ebola plague delays ExxonMobil’s Liberia plans

Chief Executive  Ofiicer of ExxonMobil  Corporation,  Rex Tillerson  has said    that the Ebola virus has disrupted plans to drill the Mesurado-1 wildcat, located in block LB-13  in Liberia. Tillerson…

Statoil wins shale gas contract in Algeria

Algeria has opened the way for detailed technical investigation of its shale gas resources, estimated at 707 Trillion cubic feet (Tcf) by the Energy Information Administration (EIA). The country awarded…

Qatalum organizes forum on value creation

• Produces 600,000 tons per annum In their efforts to grow an aluminium knowledge hub in Qatar, aQatalum  firm and its partners hosted a seminar to facilitate a cross pollination…

NIPCO celebrates staff, marks ten years anniversary

By Anayo Korie  -  Ag Energy Editor   Nigerian Independent Petroleum Company, NIPCO plc, one of the  indigenous marketing companies  in the nation’s oil and gas industry, has appreciated its…

Nigeria still a net  importer of fuel  at 54

Nigeria still a net  importer of fuel  at 54

By Anayo Korie  / Ag Energy Editor    At 54  years of independence  , Nigeria   the largest oil producing nation  in Sub-Saharan Africa is supposed  to  have met domestic demand for…

Why Total’s Egina  deep water  project was delayed

 Stories by Anayo Korie  /  Ag Energy Editor   Fresh facts has emerged why the fabrication of Floating Production ,Storage and Offloading (FPSO),  one of the vital  facilities  urgently needed…

Mozambique starts  gas supply  to Homes, Hospitals

Mozambique has commissioned the landmark Gas Distribution Project at Maputo and Marracuene (PDGM), expected to supply natural gas to households and businesses in those two cities in the south of…

House to probe N700b Shell gas project

The House of Representatives will commence investigations into  Shell- Nigeria operated N700 billion gas project over which allegations of tax evasion running into N7 billion  made by a former employee…

Egypt to reduce debt on the back of new project

Dana Gas Egypt has concluded a Gas Production Enhancement Agreement (GPEA) with the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Company (EGPC). The deal calls for…

Low profit margin prolongs  MRS Oil profit maximazation

MRS Oil plc  has set the plans rolling towards   returning to its previous profit highs, but low profit margin is prolonging the recovery journey. At the peak of its performance…

Cairn strikes Senegalese oil

Cairn Energy of United Kingdom  and its Senegalese partners have made an oil discovery, which has the potential to be a “significant standalone development”, on the deepwater FAN-1 well. The…

NDPR  to  spend $25m  for  Ogbele refinery  expansion

Stories by Anayo Korie  /  Ag Energy Editor   The Niger Delta Petroleum Resources (NDPR) has  concluded plans to spend $25 million, or 5.5 per cent of  its  earned revenue…

AfDB pledges support for bankable power projects

AfDB pledges support for bankable power projects

The African Development Bank Group (AfDB), has reiterated its support for the power sector in Nigeria, with a pledge to back bankable projects in the sector. AfDB Lead Economist, Barbara…

Oando loses revenue, works to boost profit in 2014

Oando loses  revenue, works to boost  profit in 2014

Oando, is losing sales revenue for the second year this year, but the company is rebuilding profit rapidly after a huge drop last year. The petroleum company is by its…

Maiduguri, Damboa reconnected to national grid – Minister

Stories By ObasEsiedesa  -  Senior Reporter, Abuja   The Federal Government at the weekend said power supply has been restored to Maiduguri and environs following conclusion of repair works on…

Ladol,Samsung flag off $15bTotal Ejina project

Stories by Anayo Korie    -   Ag Energy Editor   Lagos Deep offshore logistic base (LADOL) limited and Samsung of South Korea have at last  commissioned ground breaking ceremony ,two…

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