Nigeria targets the deepening of Liquefied Petroleum Gas (LPG) usage in the country, eying as much as five million metric tonnes consumption per annum by 2023. In its bid to actualise the target, the government has promised to continue to support the LPG industry with fiscal policies and incentives. But with the desire to deepen…
The Federal Government and United State Trade and Development Agency have signed a 1.1million dollar grant to support electricity infrastructure development in Nigeria. The agreement was signed at the ongoing Nigeria International Petroleum Summit in Abuja, on Tuesday. The theme of the summit is :Widening the integration Circle :Technology, Knowledge, Sustainability Partnership. Mr Thomas Hardy,…
Mr Sarki Auwalu, the Director, Petroleum Resources, Department of Petroleum Resources (DPR) says the downstream oil sector will in the next few years witness changes with government’s commitment to drive business. Awalu disclosed this at the ongoing Nigeria International Petroleum Summit in Abuja, on Wednesday. He spoke as the guest speaker during the Downstream and…
The Minister of State for Petroleum Resources, Chief Timipre Slyva, said that about one billion Barrels of Crude oil have been discovered in Northeastern part of Nigeria. Sylva made the disclosure at a news Conference to end the 2020 Nigeria International Petroleum Summit (NIPS), in Abuja on Wednesday. “The figure we are getting, the jury…
The Executive Chairman, Integrated Oil and Gas Limited, Emmanuel Iheanacho, has called on the federal government to enable more refineries to be built in the country. Iheanacho, a former Minister of Interior, made the call at the 2020 edition of Nigeria International Petroleum Summit (NIPS) in Abuja. “We are not investing enough in refineries. Instead…
THE Nigerian Liquefied Natural Gas, NLNG is set to sign the Engineering, Procurement and Construction, EPC contract for its $10 billion Train 7 project with Saipem, Chiyoda and Daewoo E&C (SCD) on or before the end of April 2020. showed that the signing of the contract would enable the contractors to mobilise to site for…
Electricity consumers on the Lalupon/Iwo Road feeder in Ibadan, on Monday, decried what they called poor services by the Ibadan Electricity Distribution Company (IBEDC). Addressing newsmen at the end of a meeting with representatives of IBEDC at Olodo in Ibadan, the consumers called on the company to, as a matter of urgency, find lasting solution…
The Federal Government has appealed to members of the National Union of Electricity Employees (NUEE) to suspend their planned nationwide strike. Sen. Chris Ngige, Minister of Labour and Employment made the appeal after a five-hour closed door reconciliation meeting between its Ministry, Ministry of Power and the leadership of NUEE on Monday in Abuja. It…
Hussain El-Yakub & Thomas Hardy, after the deal was signed The Nigerian National Petroleum Corporation, NNPC and USTDA earlier today, Tuesday February 11, signed a $1.16m grant as part funding for the NNPC-Abuja Independent Power Project, IPP, TBI Africa reports. The IPP is modelled to generate 1,350 megawatts of electricity to alleviate the power challenge…
L-R: Managing Director, Shell Nigeria Exploration and Production Company, Bayo Ojulari; Chairman Senate Committee on Petroleum Resources Upstream, Albert Akpan; Managing Director, Shell Petroleum Development Company and Country Chair, Shell Companies in Nigeria, Osagie Okunbor; and Managing Director, Shell Nigeria Gas, Ed Ubong, at the presentation of the Excellence in Corporate Social…
