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Billions of dollars won’t check spills without tackling oil thieves – Shell Chair

Billions of dollars won’t check spills without tackling oil thieves – Shell Chair

By Obas Esiedesa Senior Reporter, Abuja Oil giant, Shell has warned that no amount of money spent in the cleaning up of the environment of the Niger Delta would achieve its…

Nigerian content implementation ‘ll create new oil, gas sector – Nwapa

Nigerian content implementation ‘ll create new oil, gas sector – Nwapa

The Nigerian Oil and Gas Industry Content Development Act was put in place in 2010 to boost local participation in the oil and gas industry. The vehicle for its implementation…

FG, local firm partner to develop solar power projects

Federal Government has signed a Memorandum of Understanding (MoU) with Ezektech Limited for the provision of solar powered plants ranging from 250kw to 1mw across the country. Minister of Power,…

Experts advocate multidimensional approach to end crude theft

With increased attacks on the nation’s crude oil pipelines leading to loss of millions of dollars in revenue, industry experts have advocated for multi-dimensional approach involving host communities, security agents…

Low oil price not affecting our core mandate – PTDF boss

The Executive Secretary of the Petroleum Technology Development Fund (PTDF), Femi Ajayi has disclosed that the low price of oil in the international market would not  affect the delivery of…

Chevron plans to sell $15b assets

Chevron plans to sell $15b assets

Chevron Corporation is planning to   increase sale of its   assets by 50 percent to $15 billion and curtail new investment for the next two years after plunging oil…

Nigerian refineries to produce 400,000 bpd of fuel in 2016

Nigerian refineries to produce 400,000 bpd of fuel in 2016

The  Nigerian National Petroleum Corporation (NNPC) says the country’s refineries will be producing about 400,000 of refined petroleum products every day when the current rehabilitation of the refineries are completed…

NPDC crude oil output grows from 130,000 to 205,007 bpd

• as  Alison-Madueke seeks diversification of oil revenue base By Anayo Korie  / Ag Energy Editor   The Crude oil output of the National  Petroleum Development Company, NPDC has increased  from…

Power generation drops by 800mw, as vandals struck again

Power generation drops by 800mw, as vandals struck again

By Obas Esiedesa  / Senior Reporter, Abuja   The Federal Government has said it is intensifying effort to secure gas pipelines across the Niger Delta region following the fourth attack on…

NNPC explains pipeline protection contracts award

NNPC explains pipeline protection contracts award

By Anayo Korie  / Ag Energy Editor    In a bid to effectively combat the growing scourge of pipeline sabotage that has impacted negatively on its operations, the Management of the…

BP discovers second gas field in Egypt

BP made its second gas discovery in the East Mediterranean Sea at its North Damietta Offshore concession in the East Nile Delta. The discovery was made at the Atoll-1 deepwater…

ExxonMobil predicts gradual oil, gas output growth till 2017

Exxon Mobil Corporation  has predicted the growth of  its oil and gas output,  rising by  2 per cent this year and 3 per cent in each of the following two…

Ivory Coast seeks LNG supply from Nigeria

By Anayo Korie  -  Ag Energy Editor    Nigeria’s move to seek strengthened  frontiers for its Liquefied Natural Gas (LNG) away from the traditional Asian-pacific hub received a sub-regional push …

Eland Oil & Gas plans new investment in Nigeria

Eland  Oil & Gas has confirmed its  willingness to  commit more investment in Nigeria in spite of the drop in oil prices which has resulted into  apprehension among oil producing…

Govt to compensate oil marketers with N30b for forex losses

Govt to compensate oil marketers with N30b for forex losses

Oil marketers  involved in fuel importation  will   receive  about  N30 billion compensation for the losses they recorded as a result of naira devaluation. This payment is in addition to…

Group criticizes Shell on poor oil spill response in Bayelsa

Group criticizes  Shell on  poor oil spill response in Bayelsa

Environmental Rights Action/ Friends of the Earth Nigeria, ERA/FoEN, has criticized  Shell Petroleum Development Company, SPDC, for its poor response to the oil leak within its oil fields in Bayelsa…

How NNPC is coping with falling oil prices

How NNPC is coping with falling oil prices

By Anayo Korie  -  Ag Energy Editor    The Nigerian National Petroleum Corporation (NNPC) has disclosed that the drop in crude oil price has taken a  toll on its operations,…

Drop in oil prices will not hamper $3.8b Egina project development

Drop in oil prices will not hamper $3.8b Egina project development

By Anayo Korie  /  Ag Energy Editor    The current impact in the  prices of  oil that is already taking its toll on key sectors of the Nigerian economy may…

Energia to build 30,000 bpd refinery in Delta state

Energia to build 30,000 bpd refinery in Delta state

• to boost oil output from 6000bpd to 9000bpd by July By Anayo Korie  / Ag Energy Editor   Energia Nigeria limited, one of the marginal field oil producing firms in…

Statoil ups Vøring area stakes

Statoil has agreed to buy stakes in production license 602, close to the Aasta Hansteen development project, in the Norwegian Sea from Norwegian exploration firm Rocksource and Faroese explorer Atlantic…

US issues proposal on Arctic drilling regulations

The US Bureau of Safety and Environmental Enforcement (BSEE) and the Bureau of Ocean Energy Management (BOEM)  have  released proposed regulations for exploratory drilling activities on the US Arctic Outer…

FG sets up call center for electricity consumers

FG sets up call center for electricity consumers

By Obas Esiedesa –  Senior Reporter, Abuja   The Ministry of Power has launched a service call centre for electricity consumers across the country to call and make their complaints…

Oil discoveries in Nigeria boosts Exxon Mobil reserves

Oil  discoveries in Nigeria boosts Exxon Mobil reserves

By Anayo Korie  / Ag Energy Editor   Exxon Mobil has replaced  about 104 per cent of its 2014 production by adding proved oil and gas reserves totaling 1.5 billion oil-equivalent…

NDPR produces 45m litres of diesel in three years

NDPR  produces 45m litres of diesel in three years

Niger Delta Petroleum Resources (NDPR),  mini refinery located on the Ogbele marginal oil and gas field in Eastern Niger Delta  has produced over 45 million litres of diesel since it…

Subsidy on petrol hits N1.2b

Subsidy on petrol hits N1.2b

The recovery  of prices of crude oil in the international market, coupled with  the subsidy on petrol that the Federal Government pays  has been rising  after it slashed the price…

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