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Author Archives: admin

FG Extends Suspension of Electricity Tariff by a Week

by Musa Ibrahim…………. The federal government has extended the suspension of the electricity Tarif by another one week to enable the committee that was set up to work out in details the modalities and close other gaps that may arise between the government and labour in the course of their on going negotiation over the review of the tariff. The ...

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DPR Sets to Clamp Down Unapproved LPG Plants

……releases guidelines for approval and to prosecute illegal operators…….. …….. by .Musa Ibrahim……….. The Department of Petroleum Resources, (DPR)is to clamp down illegal LPG gas plants and retail outlet nationwide. Gas plants and operators without official approval and liscence from DPR will sealed and prosecuted. Meanwhile DPR has released guidelines for the establishment and operations of downstream gas facilities across ...

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FG Sets to Make Petrol to Gas Auto Conversation Cheaper

…….. conversation Ranges from N190,000 to N250,000 per vehicle……… ,,,,,,by Musa Ibrahim………….. The Federal Government is now set to ensure that most Nigerian vehicles on the road are run on gas as government is to make conversation cheaper. According to Minister of State for Petroleum Resources Chief Timipre Sylva government will help reduce the cost required for the conversion of ...

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ExxonMobil Loses $225 Billion In Market Cap Against Chevron

……….Chevron Reports $8.3 Billion Loss For Second Quarter……… Twice over the past two weeks, ExxonMobil XOM has made headlines for all the wrong reasons. Last week the utility NextEra Energy NEE surpassed the market capitalization of ExxonMobil to replace it as the largest U.S. energy company. This week, there was another milestone. At some points over the past decade, ExxonMobil ...

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Baruwa Gas Plant Fire: NNPC Commiserates with Lagosians…

…….Says Corporation’s Pipelines No Where Near Location of Incident………. The Nigerian National Petroleum Corporation has commiserated with the Government and people of Lagos State, and particularly the residents of Baruwa area, on the gas plant fire incident that ravaged the community in the early hours of Thursday. According to the Corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie ...

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FG Official Vehicles to Run on CNG- Minister

by Ibrahim Musa……………… The Minister of State for Petroleum Resources, Chief Timipre Sylva has said that the federal government official vehicles to run on Compressed Natural Gas (CNG). According to him government has started converting official vehicles belonging to Ministries, Department and Agencies from the use of Premium Motor Spirit (PMS) to CNG in designated centres in Abuja. He said ...

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NLNG Engages Siemens Energy on New BOG Train to Reduce Greenhouse Gas

by Jennifer Dike……………….. Nigeria Liquefied Natural Gas Limited (NLNG) has engaged the German energy giant, Siemens to build and install a cryogenic Boil-Off-Gas (BOG) Compression plant/train for it’s Bonny Island operational plant.. According to NLNG, this inew BOG is an additional handling equipment to compliment the existing system. The new BOG compression train NLNG said in statement will be driven ...

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Nigeria Wastes N115bn Gas in Seven Months

International oil companies and local players in the nation’s oil and gas industry flared natural gas worth an estimated N114.79bn from January to July this year. The companies produced 1.64 trillion standard cubic feet of gas in the seven-month period but flared 119.24 billion scf. They wasted 19.95 billion scf of gas in January; 18.27 billion scf in February; 19.71 ...

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NERC Defends 14-day Suspension of Electricity Tariff

The Nigerian Electricity Regulatory Commission (NERC) has said its recent suspension for 14 days of the newly approved electricity tariff for distribution companies (Discos) in the country was backed by the Electric Power Sector Reform Act 2003 (EPSRA). NERC in a document jointly signed by its Chairman, Prof. James Momoh and the Commissioner for Legal, Licensing and Enforcement, Mr. Dafe ...

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