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FG, US energy firm sign MoU for 250mw plant

FG, US energy firm sign MoU for 250mw plant

The Federal Government has signed an agreement with American firm, Missouri American Energy for the construction of 250 mega watt power plant in Nigeria. Government said it was optimistic over…

FG rolls out blueprint on stable power supply

FG rolls out blueprint on stable power supply

By Anayo Korie  / Ag Energy Editor   Solar energy, embedded and captive power, as well as medium hydro power stations have been advocated as the sources of power generation that…

FG renews Chevron’s offshore licenses

FG renews Chevron’s offshore licenses

• Set to take FID on Agura Power Plant The Federal Government has finally approved Chevron’s eight year old request for renewal of licences for its operated Oil Mining Leases…

Eni to explore Egyptian Mediterranean

Italian giant, Eni, has signed two concession agreements to explore two blocks in the Mediterranean Sea offshore Egypt as part of the 2013 Egyptian General Petroleum Corp. (EGAS) bid round.…

North Sea producers appeal to UK to scrap 30% charges

North Sea industry body, Oil & Gas UK, has appealed to the United Kingdom government to abolish a 30% charge on oil and gas producers as oil fell to its…

NNPC urges Nigerians to fight pipeline vandalism

NNPC urges  Nigerians to fight pipeline vandalism

The Nigerian National Petroleum Corporation (NNPC) and its arm, the Pipelines and Products Marketing Company (PPMC), have called on all Nigerians, especially those living in communities close to pipelines, to…

Power sector most capital intensive, FG admits

Power sector most capital intensive, FG admits

By Obas Esiedesa / Senior Reporter, Abuja   Minister of Power, Professor Chinedu Nebo has described the power sector as the most capital intensive sector requiring about $1.5million to produce just…

Camac group may pay $50m over rig contract cancellation

Camac group may pay   $50m over rig contract  cancellation

By Anayo Korie  / Ag Energy Editor   Northern Offshore International Drilling Company has concluded plans  of filing a US$50 million claim against Camac Energy for canceling the EnergySearcher drilling contract…

FG to end petrochemicals imports by 2018

• To save $1b yearly  from the initiative By Anayo Korie  / Ag Energy Editor   The Federal government has decided  to end importation of petrochemical products into the country. The…

Seplat oil output drops in 2015

Seplat  Petroleum’s gross crude oil output  slipped    before the end of 2014, plunging to 36,064 barrels of Oil per Day  on December 31, from 73,745bareels  daily  just a day…

Cairn targets 2015 Senegal campaign

Cairn Energy exploration from  Edinburgh has set its sights firmly on Senegalese exploration for 2015, following its oil strikes in the basin in 2014. The firm says it is preparing…

Nigeria’s crude oil output hit 2.08mbpd in 2014

Nigeria’s crude oil output hit 2.08mbpd in 2014

Nigeria’s production climbed 110,000 barrels a day to 2.08 million, which was its second-biggest increase, at the end of 2014. Nigeria’s production is often marred by unrest in the Niger…

Chevron celebrates Sonam, Meren project milestone

Chevron celebrates Sonam, Meren project milestone

Chevron Nigeria Limited has recorded another significant milestone in the accomplishment of its Meren Gas Gathering Compression Platform (GGCP) and Sonam Development project objectives for 2014. Mr. Supo Shadiya, Director…

India to invest in Nigeria, other African nations

By Anayo Korie  / Ag Energy Editor   Indian government has signified interest to invest in Nigeria and other African oil and gas countries as part of the agenda to boost…

Oil price slump: Shell set to acquire BP

Oil price slump: Shell set to acquire BP

By Anayo Korie Ag Energy Editor   Since the collapse in oil prices at the second quarter of last year, the global benchmark has fallen from $115 per barrel to below…

Nipco wins best HSE compliant terminal award

Nipco plc, an integrated indigenous downstream operator has won the best safety compliant terminal award for the fourth consecutive year at the preeminent Nigeria Ports Authority honours’ event for tank…

CNL canvasses alliance for economic growth in Niger Delta

By Anayo  Korie  / Ag Energy  Editor   Chevron Nigeria Limited (CNL), the operator of the NNPC/Chevron Joint Venture, has reiterated the importance of partnership to the growth of business in…

NERC seeks autonomy of transmission sector

By Obas Esiedesa/ Senior Reporter, Abuja   The Nigerian Electricity Regulatory Commission (NERC) has appealed to the Federal Government to completely hands off the running of the transmission session of the…

Repsol accepts $8.3b deal for Canadian Talisman

Spain’s Repsol has agreed on a deal to buy Canadian exploration and production company, Talisman Energy for US$8.3 billion plus debt which is one of  the largest international deal by…

Eni to take FID on Etan, Zabazaba block in 2015

Italian major, ENI, is proposing to take a Final Investment Decision (FID) on the Etan and Zabazaba fields in 2015 and hope to bring the project online by 2018. The…

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