Energy

Gambia ends talks with African Petroleum, seeks new bidders

African Petroleum’s rights to explore in two offshore Gambian oil blocks have expired and are currently “open for licensing”, Presidential Spokeswoman, Amie Bojang, told the Media .

Oil prices rise on signs of tightening market

Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States.

Dangote to engage Nigerian vendors in building refinery

The Nigerian Content Development and Monitoring Board, on Monday, said the management of Dangote refinery had agreed to select competent Nigerian vendors that would participate in the construction of the plant from the Nigerian Oil and Gas Industry Joint Qualification System.

W’Bank, others may not fund Nigeria’s coal-to-power projects – report

The development of coal deposits for power generation will not qualify for funding from the World Bank and many multilateral financial institutions despite the abundance of the mineral resources in Nigeria.

Dangote decries power situation, signs MoU on 100MW solar power plant

Africa’s conglomerate and indigenous investor, Dangote Group, has signed a Memoranda of Understanding (MoU) with Kano state Government, for a proposed multi-million dollars 100MW Dangote-Black Rhino Solar Power Project.

We’ve no corrupt relationship with Alison-Madueke – Aiteo

Aiteo Group has described as scandalous and defamatory, a publication alleging without any foundation whatsoever, that the company maintained a corrupt relationship with the erstwhile Nigerian Minister for Petroleum Resources, Mrs. Diezani Alison-Madueke.

Rivers community vows not to vacate Shell flow station

Besides occupying the SPDC facility, the people have also employed radio jingles and other forms of publicity to draw the attention of the Rivers State and Federal Government to their demand.

You’re harming the economy – NNPC chief tells vandals

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, has appealed to oil pipeline hackers to desist from such nefarious act which according to him is not only harmful to the environment but equally hazardous to the pipeline vandals and the economy.

Fed govt selects two investors to build refineries in PH, Warri

The federal government has stated that two private Nigerian firms have been selected to build 217,000 barrels per day refineries in Port Harcourt and Warri under the co-location concept initiated by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu.

Kachikwu decries high cost of oil production at $32 per barrel

The Minister of Petroleum Resources, Dr Emmanuel Ibe Kachikwu, has decried the high cost of oil production at 32 dollars per barrel, saying it makes cost of Foreign Direct Investment (FDI) very expensive.

Cooking gas price drops by 30 percent

The price of Liquefied Petroleum Gas (LPG), otherwise called cooking gas, has dropped by 30 percent from N400 per kilogram (kg) in May to N280 per kg currently.

Niger Delta no longer attractive to investors – Shell

Mr Igo Weli, the General Manager, External Relations, Shell Petroleum Development Company (SPDC), on Thursday said the Niger Delta was no longer attractive for investment.

Five fertiliser plants to be revived this August – PFI

A committee member, Presidential Fertiliser Initiative (PFI), Mr Thomas Etuh, says five fertiliser plants will be revived by the end of August to complement the existing 11 resuscitated under the administration of President Muhammadu Buhari.

Nigeria’s oil production cost down to $23/barrel

The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction.

TCN raises $1.55bn for grid expansion

IN a bid to ensure grid expansion, the Transmission Company of Nigeria (TCN) yesterday, disclosed that it had been able to raise a sum of $1.55billion from multilateral donors.

Electricity consumers can pay for meters – minister

The Federal Government has said that it will not oppose the wishes of electricity consumers that are willing to pay for meters from their distribution companies based on agreement between both parties as endorsed by the power sector regulator.

Chinese banks begin oil, gas projects financing in Nigeria

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Makaiinti Baru, has said that Chinese banks has made commitments to bring more money to finance oil and gas investments in Nigeria.

Power generation hits 6800mw – Fashola

The Minister of Power, Works and Housing, Mr. Babatunde Fashola (SAN), on Monday, in Kano State, disclosed that Nigeria’s power generation capacity as at August 10 stood at 6683 megawatts.

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US may withdraw troops from Syria

The United States is considering a total withdrawal of U.S. forces from Syria, U.S. officials said on Wednesday.

Adamawa Assembly passes four bills into law

The Adamawa House of Assembly on Wednesday passed four Bills into law.

Gunmen kill pastor as police arrest 5 for killing lady in Onitsha

Police in Anambra Sate have arrested five persons allegedly for killing a 35-year-old woman, Gold Gift, dumping her body at Dennis Memorial Grammar School (DMGS) roundabout, in Onitsha.

LASEMA: No lives lost in Abule Egba pipeline explosion

The Lagos State Emergency Agency (LASEMA) said no lives were lost at the fire outbreak which occurred at Abule Egba in Ojokoro Local Council Development Area of Lagos State on Wednesday.
President Muhammadu Buhari has lauded Nigerians for curbing excessive taste for foreign products, which has positioned the country for food self-sufficiency, and resulted into savings of over $21 billion.

Center wants Muhammadu Buhari to sign Disability Bill Act into law

The Centre for Citizens with Disabilities, CCD, has called on President Muhammadu Buhari to sign the Disability Bill Act into law to reduce the burden faced by People With Disabilities (PWDs) in the country.