Category: Energy/Power

From $16bn Egina project: Nigeria to export 1m barrels worth $67 m of first oil in January, 2019

  ……Nigeria to pump out an additional 200,000 barrels a day … If Nigeria can attract Total’s $16bn investment There are indications that due to the coming on stream of the $16 billion Egina project will enhance the revenue profile of Nigeria and other stakeholders as there are anticipation that there will be export of…

DPR seals 36 petrol stations in A’ Ibom

The Department of Petroleum Resources (DPR), Eket Field Office, Akwa Ibom, said on Sunday that it sealed 36 petrol stations in the state for various offences last week. The Operations Controller of DPR in the state, Mr Tamunoiminabo Kingsley-Sundaye, disclosed this in an interview in Eket. Kingsley-Sundaye said that the petrol stations were sealed for…

 Marginal Oil Field: Kachikwu Explains Why FG Has Not Conducted Bid Rounds

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the federal government is yet to conduct the bid rounds for marginal oil fields because it is still awaiting approval of President Muhammadu Buhari. At an interactive session with journalists, which after the Vice…

NLNG Deputy MD Urges Stakeholders in oil and gas to look at NLNG’s model as to harness gas sector opportunities 

The Deputy Managing Director of Nigeria LNG Limited (NLNG), Sadeeq Mai-Bornu, on Tuesday, said the NLNG business model needs to be replicated in order to generate opportunities for the power and gas sectors in the country. Mai-Bornu spoke at an executive roundtable discussion titled “Africa as an Emerging Gas Producer: Prospects and Opportunities” at the…

DPR seals off Forte Oil, Conoil, Oando, others over sharp practices

The Department of Petroleum Resources (DPR,) has sealed off Forte Oil on Moscow Road, Conoil on Amadi-Ama Roundabout, MRS at Mile 3, Oando at Mile 3, and Mobil Station on Aba Road in Port Harcourt metropolis over sharp practices. The stations committed various offences ranging from under-dispensing of product, over pricing, hoard and possible diversion…

Chevron Grasps Two Awards in Oil/Gas Industry At NIPS

Chevron Nigeria Limited, CNL, operator of the joint venture between the Nigerian National Petroleum Corporation, NNPC, – NNPC/CNL Joint venture,JV has received two awards during the Oil/Gas industry award presentation ceremony organized by the Ministry of Petroleum Resources as part of the programmes to mark the official opening ceremony of the Nigerian International Petroleum Summit…