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Fear of N’Delta hostilities hanging planned licensing of marginal oil fields

Buahri yemi 55

Signals emerged Tuesday in Abuja that the planned oil blocs licensing rounds for marginal oil fields by the federal government may have been boxed to a tight corner due to fears of possible uprising from the Niger Delta should reasonable blocs fail to go to the way of their communities and big whips in the region. The Ministry of Petroleum ...

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Comments during US Senators’ visit lands Egbin Power boss in immigration trouble

Egbin PS

Twist and looming crisis capable of landing Lagos State into darkness have begun, following some comments made by the Managing Director of Egbin Power Plc, Dallas Peavey, which did not go down well with the Minister of Power, Works and Housing, Mr. Babatunde Fashola. But in an anger-laden outpouring, Fashola averred that Peavey should have told his visitors that Transmission ...

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Akwa Ibom youths go diabolical in forcing Exxon Mobil to move head office

In what can be seem as high level warning using diabolism in Africa, protesters from Eket, Esit-Eket, Onna and Ibeno Local Government Areas, the host communities of Exxon Mobil, has placed red coffin laced with new palm fronts at the front gates of the company’s gate. Other traditional warning emblems were also placed alongside the coffins. The aim is to ...

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Shell lights up Lagos, inks $300m gas saturation understanding with firm

Shell Logo

Indications that crash of high price and associated scarcity of natural gas around Lagos have emerged as Royal Dutch Shell has sealed a deal with Shoreline Energy Group to develop, market and distribute the product across the state. The agreement, valued at $300 million, can be described as the latest example of global energy groups investing in terminals, pipelines and ...

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‘Safety standards, procedures spurred 827 incident-free days at Egbin Power station’

Egbin PS

The Chairman of Egbin Power Station Plc, Mr Kola Adesina, has said insistence on safety standards and procedures at Egbin Power station spurred the nation’s largest power plant to record incident free operations for 827 day. He noted that all the company’s operations are in line with globally acclaimed standards for Health, Safety, Security and the Environment (HSSE) and required ...

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NERC begins strategic stakeholders’ consultations on way out of Discos funding crisis

nerc logo

Fresh details have emerged revealing that government is now closing in on how best to resolve the intractable funding crisis rocking virtually all the 11 electricity Distribution Companies (Discos) operating in Nigeria. It would be recalled that since the unbundling of the National Electric Power Authority (NEPA) into three key segments including generation, distribution and transmission companies and privatized except ...

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Shell frustrating justice delivery on renewed Ogoni 9 case in Netherlands—AI

Ogoni 9

Leading global human right watch group, Amnesty International (AI), weekend opened up on what it described as deliberate frustration of the ongoing case on Anglo-Dutch oil giant, Shell bordering on its complicities in the government killing of nine Ogoni leaders many years ago by late gen Sani Abacha administration. Business Hilights recalls that leading author and environmentalist, Ken Saro-Wiwa, Barinem ...

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Rising oil price to $55 on hurricanes impacts may be blessing for Nigeria

OPEC Ibe kachukwu

Weekend, global oil-markets saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due to Hurricane-Harvey damages, which dented demand. However, just as real focus was shifting to three other hurricanes that are currently tearing through the Caribbean and Gulf of Mexico, local oil industry analysts say the jump in ...

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NNPC, ExxonMobil in fresh deal to saturate gas market, boost crude output

ExxonMobil logo

Fresh lifeline is underway for increased crude oil production and availability of gas for power generation as the Nigerian National Petroleum Corporation (NNPC) and ExxonMobil upstream joint venture partner have closed a deal that will expand existing operational portfolio. Giving insights shortly after a meeting with top management cadre of ExxonMobil delegation, led by Senior Vice-President of the oil giant, ...

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Privatisation: Major fault on TCN Afam line 2

power plant

Barely three days after the National Council on Privatisation (NCP), chaired by the Vice president, Yemi Osinbajo announced moves to privatise the five lines at Afam Power plant to boost investments and power supply, the Port Harcourt Electricity Distribution Company, has received report that Afam 132kv line 2 belonging to the Transmission Company of Nigeria (TCN), had one of the ...

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