NPA sold Vessel for N48,000; Port Items for N1 each An ad-hoc committee of the House of Representatives investigating the sales of Federal Government property has queried the Nigerian Ports Authority (NPA) for selling off a vessel at the paltry sum of N48,000 and some government assets at the Lagos Port Complex Apapa for N1…
Minister of Power says Nigeria will soon its Increase Power Generation. Speaking at the opening ceremony of the 10th Nigeria Energy and Conference, which held in Lagos, the Minister of Power, Adebayo Adelabu, said the country will soon breathe a sigh of relief as power capacity will soon be increased. A 20,000 megawatts (MW) from…
Energy Transfer LP Shuts Ruptured Oil Pipeline in Permian Energy Transfer LP shuttered its Centurion Pipeline on Monday after it was struck by a road worker, the pipeline company said in an email to Bloomberg. Energy Transfer LP acquired the pipeline earlier this year when it acquired the previous owner, Lotus Midstream for $1.4 billion….
Oil Rebounds to climb 1 USD as Russia Bans most Fuel Exports. Oil prices rebounded from $1 down to $1 up in trading on Thursday, after a Russian ban on fuel exports snapped focus away from Western economic headwinds and back to throttled crude supply to the end of 2023. Brent futures for November delivery…
Chevron Accepts Arbitration Terms in Dispute at Australia LNG Plants Chevron said on Thursday it would accept the terms of a deal brokered by Australia’s industrial arbitrator to resolve a dispute with unions over pay and conditions at two liquefied natural gas (LNG) projects in the country. While the unions have yet to respond to…
Oil Closes in on $95 Per Barrel, Hitting $100 in Some Markets The oil-price rally continued in full force on Monday, with Brent crude closing in on $95 per barrel in early afternoon trading, and some crude grades around the world topping $100. At 12:23 p.m. ET on Monday, Brent crude was trading at $94.53,…
UK to Mobilise 664m USD FDIS on Clean Energy into Nigeria The UK government is committed to supporting clean, green and sustainable economic growth in Africa, the British High Commission in Nigeria has said. To this end, the UK government has initiated a programme, tagged ‘Manufacturing Africa’, which is supporting 22 manufacturers to land investments…
Rivers Community Writes Oando Over NAOC Legacy Liabilities Members of Aggah community in Ogba/Egbema/Ndoni Local Government Area of Rivers State, have written Oando Plc over the legacy flooding in their community caused by activities of Nigerian Agip Oil Company, NOAC, a matter which, according to the community, is before the Organisation for Economic Cooperation and…
NLNG: Gas to Play a Significant Role in Africa’s Energy Mix Natural gas should and will play a significant role in Africa’s energy mix to meet the demands arising from rapid population growth and economic expansion, as well as the need for affordable access to clean energy and supply security for industrialisation, according to Dr….
NEITI, NUPRC, Imo, Others Extol Spaces for Change Moves to Transform Communities The Nigeria Extractive Industries Transparency Initiative, NEITI, Imo State Government and the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, have extolled Spaces for Change, S4C’s moves to stimulate development in minerals producing areas. The commendations were expressed during the just-concluded two-day National Extractives Dialogue,…
