THE nation’s power grid recorded its eighth total collapse this year on Sunday, plunging consumers across the country into blackout for some hours. The government-owned Transmission Company of Nigeria, which manages the grid, blamed electricity distribution companies for the system failure, which it said occurred at 9.10 am. Total generation stood at 3,825 megawatts as…
The Nigerian Ports Authority (NPA) says it is expecting 32 ships to bring petroleum products, food and other goods from June 30 to July 19, at Apapa and Tin Can Island Ports. NPA in its daily publication ‘Shipping Position’ on Sunday in Lagos said that one of the ships would sail in with diesel. The…
The United States Consulate General in Lagos, on Monday said, it would train 144 Nigerian students on drone technology. Russell Brooks, the Public Affairs Officer of the Consulate made this known during the Nigerian Youth Drone Academy workshop in Lagos. Brooks said that the training was in collaboration with the Global Air Drone Academy, a…
The Hydrocarbon Pollution Remediation Project (HYPREP) on Monday opened a fresh bid to select 36 additional contractors for the remediation of oil impacted Ogoni communities in Rivers. The addition of 36 firms would raise the number to 57 contractors hired so far for the clean-up. HYPREP, under the Federal Ministry of Environment, opened the initial…
Melbourne — Papua New Guinea’s new treasurer on Wednesday put Total SA, Exxon Mobil Corp , Newcrest Mining and their partners on notice that the country wants to extract more benefits from their gas and mining projects. Treasurer Sam Basil said the country also needs better forecasts from Exxon and Total on the expected income flow…
Lagos — More details have emerged on Femi Otedola’s sale of his majority shareholding in Forte Oil. SweetcrudeReports learnt that not two, but seven directors of the company had resigned following the development. An earlier report said just two; the Chief Executive Officer, Mr. Akin Akinfenwa, and Chief Finance Officer, Mr. Julius Omodayo-Owotuga resigned. However, findings…
Port Harcourt — The Shell Petroleum Development Company of Nigeria Limited, SPDC, has urged all stakeholders in Belema flow station and gas plant in OML 25, to give the Rivers State Government-led mediation process, the needed chance for a peaceful resolution. The Belema flow station located in Akuku-Toru Local Government Area of Rivers State, which produces 45,000bpd…
London — Outages at North Sea oilfields have helped put competing Nigerian oil on pace to arrive in Europe at the highest levels in seven months in June, according to Refinitiv Eikon data and traders. Nigeria is set to export about 905,000 barrels per day (bpd) to the continent this month, the most since a roughly…
Abu Dhabi-based National Petroleum Construction Company (NPCC) expects revenue to grow by 34% this year on the back of projects it has won overseas, its chief executive said on Wednesday. Revenue at the majority state-owned oil and gas services contractor will hit 7.1 billion dirhams ($1.9 billion) compared to 5.3 billion dirhams last year, Ahmed…
The workshop will be focusing on domestic capacity building amongst South Sudanese companies across the oil value chain In line with its commitment to support local content development across sub-Saharan Africa, Centurion (www.CenturionLG.com) will be organizing a local content workshop in Juba in the coming months. The workshop will be focusing on domestic capacity building…