By Ikenna Omeje The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed the National Oil Spill Detection and Response Agency (NOSDRA) report that it spilled 45,000 barrels of oil from an incident at its facility in Nun River in Angiama area of Bayelsa State in March 2020, a release by the company said…
By Ikenna Omeje The Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed the allegation that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was inflated to the tune of $1.5 billion, describing the accusation by an unnamed online medium against it as false, baseless and unfounded. The national oil company noted that the award of the gas…
Daniel Terungwa The Government of Bayelsa State has solicited the partnership of the Nigeria Maritime Administration and Safety Agency towards establishing a maritime academy and developing its deep seaport. Governor Douye Diri who paid a courtesy visit to the NIMASA Director-General, Dr Bashir Jamoh, on Monday in Lagos, said the state had re-opened the process…
Daniel Terungwa The Federal Government is no more going to be releasing guiding price bands for the sale of Premium Motor Spirit, popularly called petrol, at filling stations. This was made known in Abuja through the Petroleum Products Pricing Regulatory Agency (PPPRA). It added that based on this, the downstream arm of the oil and…
By Mordi Chukwunonso Esther The Federal Government has said it has secured $6.15 billion for infrastructural development in the power sector. This was disclosed by the Minister of Power, Engineer Sale Mamman in his report titled ‘’one year Anniversary: Key achievements which was obtained by Energy Vanguard. He said ‘’I am glad to state that…
The United States energy giant, ExxonMobil, has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels on the Stabroek Block, the company said in a release on Tuesday. “Our Stabroek Block exploration program continues to identify high-quality reservoirs…
By Ikenna Omeje The Board of Royal Dutch Shell plc on Tuesday announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2020 interim dividend, which was announced on July 30, 2020 at US$0.16 per A ordinary share (“A Share”) and B ordinary share (“B Share”). The company had on…
By Ikenna Omeje The chairman of Edo Refinery and Petrochemical Company (ERPC), Michael Osime has said that the Edo modular refinery will, at full capacity, meet 100 percent of Nigeria’s low pour fuel oil (LPFO) or black oil demand. In a statement on Monday, Osime said the Central Bank of Nigeria (CBN) will have to…
Daniel Terungwa The Attorney-General of the Federation, Abubakar Malami (SAN), says negotiation between the Federal Government and Process and Industrial Development better known as P&ID cannot be ruled out. He stated this during a monitored interview on Arise TV on Wednesday. Malami who doubles as the Minister of Justice, said negotiations are part of the…
The Federal Government has made efforts to douse tensions caused by the hike in petrol price and electricity tariff saying the subsidy removal and the increase in cost of the two items was not to hurt Nigerians rather save Nigeria from economic ruin. This was said by the Vice president, Professor Yemi Osibanjo at the…
