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Consider economic downturns while making demands, Shell tells Imo communities

Shell

To avoid the ongoing intractable facility occupation by Belema community in Rivers State which has entered third week without end insight, Shell Petroleum Development Company of Nigeria Limited (SPDC), may have changed tactics by being proactive on issues of community relations. This time, the oil giant has resorted to pleading ahead of time, with its host communities in Imo State ...

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20-year gas sale aggregation deal with Total, others’ll grow domestic use

nnpc

Energy analysts have started weighing the imports of the recent pact sealed between the Nigerian National Petroleum Corporation (NNPC), Total Exploration and Production Nigeria, Gas Aggregation Company of Nigeria (GACN) and Greenville LNG Limited on the 20-year Gas Sale Aggregation Agreement (GSAA). Business Hilights gathered that the deal will see trucks and other machinery that hitherto ran on diesel being ...

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NNPC’s brokered peace deal may end Shell facility occupation soon if…

Shell Logo

Barring any last minute twist, indications have emerged that the over two weeks occupation of Shell flow station in Rivers State by Belema Community members may end in days. The occupation started on August 11, 2017. This is coming from series of peace overtures brokered by the Nigerian National Petroleum Corporation (NNPC) between the protesting community and Shell authorities in ...

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FEC approves $5.8bn contract award on Mambilla power plant

dam scheme

One of the key points of the first Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari after his 104 days medical vacation in London, on Wednesday approved the sum of $5.792bn for the engineering work of the Mambilla Hydro Electric Power Plant in Taraba State. This was disclosed by the Minister of Power, Works and Housing, Mr. ...

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S’East, S’South Govs intensify calls for IOCs to relocate head offices, refute security risks

Udom E

Rising from it second meeting in Port Harcourt, the South East, South South Governors Forum (SESSGF) has renewed its calls on the International Oil Companies (IOCs) operating in the 11 states to relocate their head offices in line with Presidential directive handed down by the Vice President few months ago. Similar position, it would recalled was taken when they met ...

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Power still epileptic as NNPC claims raising gas supply by 123 %

gas tank

Even as power plants across the country continue to decry shortage of gas to power stations, the Nigerian National Petroleum Corporation (NNPC) on Tuesday announced that it had increased daily average natural gas supply to gas power plants by 123 per cent. Group General Manager, Group Public Affairs Division of the corporation, Mr. Ndu Ughamadu, in a statement in Abuja ...

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NNPC moves 55 top staff to reposition corporation

NNPC MD

On Tuesday, no fewer than 55 top management staff of the Nigerian National Petroleum Corporation (NNPC), were affected in a massive reshuffle ordered by Group managing director, Dr. Maikanti Baru. In his pre-announcement briefing, NNPC boss informed the staff that the new appointments would not only help to position the Corporation for the challenges ahead but would help fill the ...

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Ghana takes delivery of 450MW floating gas-to-power vessel

Ghanaian President, Akufo Addo

As part of new drive to maintain steady power supply in Ghana, a private investor has taken delivery of 450MW gas-to-power vessel which arrived Ghana’s territorial waters weekend. The supplies from the vessel will be fed into the national grid through a 10-year supply agreement between the investors; Karpowership Ghana Company Limited and Electricity Company of Ghana (ECG) According to ...

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‘Non-disclosure of opening, closing balances of FRC account dangerous’

NNPC tankers

Forensic analysts in financial accounting have expressed worry on the observed non-disclosure of the opening and closing balances of the Fiscal Responsibility Commission (FRC) account, saying the scenario had made full appraisal of the account impossible. In their views, the development remains a bad omen to the fight against corruption. On Monday, a new report released by the FRC has ...

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Gas shortfall from Nigeria forces Ghana to seal new supply deal with E’Guinea

Ghanaian President, Akufo Addo

The Government of Ghana weekend, signed a Heads of State Agreement with Equatorial Guinea for the supply of 150 million to 200 million standard cubic feet of Liquefied Natural Gas (LNG) per day. The new deal was sealed during President Nana Addo Dankwa Akufo-Addo’s three-day official visit to that country. The move forms part of measures by government to ensure ...

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