Now is time to legalise ‘illegal’ refineries, House member tells FG
Instead of crushing local ingenuity that can be driven to perfection in no time, a member of the Federal House of Representatives, Mr. Ehiozuwa Agbonayinma, has said that instead of destroying illegal refineries in the Niger Delta, the Federal Government…
German group, Siemens plans off-grid power systems in Nigeria
Siemens Limited has said it is looking to deploy off-grid power solutions in Nigeria as part of efforts to promote energy efficiency in the country. The Managing Director and Chief Executive Officer, Siemens Limited Nigeria, Mrs. Onyeche Tifase, disclosed this…
NLNG boss, Attah opens up on the success story of company
The Managing Director, Nigeria Liquefied Natural Gas Limited (NLNG), Mr. Tony Attah, has given details on why the company had been on the part of success since inception to date. He linked the company’s success to the NLNG Act, the…
Electricity consumers in Akwa Ibom may go gaga over crazy bills
Electricity consumers in Akwa Ibom State have accused the Port Harcourt Electricity Distribution Company (PHEDC) of extortion and negligence of duties. A consumer and resident of Anwa Nsa Street, Uyo, Mr. Idongesit Ekpenyong, said the idea behind the estimated billing…
NLNG assets worth $13bn –MD
The Nigerian Liquefied Natural Gas (NLNG) Limited has disclosed that its assets are now worth over $13billion, making the company an inspirational Nigerian success story and to some extend very attractive to sale. Managing Director of the group, Mr. Tony…
Over 6,000 experts coming to W/African oil summit in Lagos next year
The Petroleum Technology Association of Nigeria (PETAN) has announced the launch of the inaugural West African International Petroleum Exhibition and Conference (WAIPEC) (www.WAIPEC.com) taking place 21-23rd February 2017 at the Eko Convention Centre, Lagos, Nigeria. PETAN has created WAIPEC as…
Oil Glut may linger till mid-2017 unless OPEC limits output, says IEA
Analysts at the International Energy Agency have said massive oil glut may weigh on world markets deep into next year unless the OPEC producer cartel makes good on its promise to cut output. The oil price has recovered steadily since…
Japan set to invest in power generation
The minister of Finance, Mrs. Kemi Adeosun has disclosed that federal government has secured commitments from Japan International Co-operation Agency to invest in the Jebba Hydro project and also facilitate trade and investment in Nigeria. Jebba hydro scheme has…
Oil will hit $60 by year end—Saudi Oil Minister
Saudi Arabia said yesterday it was “not unthinkable” that the price of crude oil could surge to $60 a barrel by the end of the year but warned against drastic production cuts that might shock markets. Speaking in the opening…
Shell gets New Vice-President for Nigeria, Gabon
Peter Costello has been appointed as the new Vice-President for Shell in Nigeria and Gabon. He succeeds Markus Droll who assumes a new role of Executive Vice-President, Projects in Shell International based in Rijswijk, The Netherlands. A statement by Shell’s…
