More Nigerian firms may make NNPC’s 2017 oil lifting list
Barring any last minute hiccups, the Nigerian National Petroleum Corporation (NNPC) may announce the names of companies qualified for the lifting of the country’s crude oil for 2017 by mid-December. However, there are serious indications that more local firms may…
Chevron starts gas production from Alder field
Chevron North Sea Limited has started production from the Alder high-pressure, high-temperature natural gas-condensate field 160 km from the Scottish coastline in the central North Sea. Alder, which lies in 150 m of water, is a single subsea well tied…
Seven Energy seals $112m partial risk guarantee deal with FG
Emerging energy solutions group, Seven Energy International Limited has signed a $112m Partial Risk Guarantee with the Federal Government for the supply of natural gas by its wholly-owned subsidiary Accugas to the 560 megawatts power station built under the National…
FG seals fresh understanding to pay $5bn JV debt to oil majors
Indication has emerged that the Federal Government has reached an outline settlement to resolve a protracted dispute with some foreign energy companies. According to the deal, the energy giants will be paid $5bn to cover exploration and production costs. Already,…
Kaduna Electric investing $250m in meter manufacturing – MD
Kaduna Electricity Distribution Company (KEDC) yesterday revealed the readiness of the company to build a $250 million meter manufacturing plant in Kaduna State before the end of 2016. Alhaji Garba Haruna, Managing Director of the company said this at the…
Dangote refinery working to start operation in 2018
Barring any unforeseen challenge between now and next year, Dangote Group’s 650,000 barrels per day capacity refinery currently under construction in Lagos would begin operations before the end of 2018. Executive Director, Stakeholders’ Relations/Corporate Communications, Alhaji Ahmed Mansur, announced this…
SPDC grows CSR, donates N2.04bn library in Port Harcourt
Royal Dutch oil conglomerate, Shell Petroleum Company in Nigeria (SCiN) Tuesday, handed over a built and fitted ultra-modern public library worth N2.04bn to be managed by the Port Harcourt Literary Society in Rivers State. At the handing over, the Managing…
World Bank puts 2017 oil price forecast relatively high
The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. It explained that this was the case as members of the Organization of the Petroleum Exporting Countries (OPEC) prepared to…
For deeper knowledge sake, Senate demands daily oil production, Sales report from DPR
More reasons have emerged on why the Senate Committee on Petroleum (Upstream) has demanded a daily report to be complied monthly on all activities in the sector ranging from oil production to sales. The Chairman of the committee, Senator Tayo…
Climate change: Shell, 9 others agree to invest $1bn to save climate
Royal Dutch Shell, weekend, lead other nine oil conglomerate in oil and gas to agree on a £1 billion investement in low-carbon-emission technologies to reduce climate change. Others in the deal include BG Group, BP, Eni, Pemex, Repsol, Saudi Aramco,…
