…..by Musa Ibrahim…….. The line pipe coating project between Total Exploration and Production Nigeria (TEPNG) and Pipe Coaters Nigeria Limited (PCN) has received commendation from the Nigerian Content Development and Monitoring Board, (NCDMB). NCDMB gave the commended yesterday to both companies for working together to reinforce the commitment for local Content at PCN’s facility in Onne Free Trade Zone, River ...
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Global Oil Demand to Surge in 2025 as Upstream Spending Hit $380 Billion
………..by Ben Ndubuwa…………… The Organisation of Petroleum Exporting Countries (OPEC) has said that the global oil demand may rise to 103.7million b/d by 2025, up by 4 million barrel per day from 2019, with “relatively high” annual increments of 2.1million barrel per day and 1.5mn barrel per day in 2022 and 2023, respectively. OPEC, also projected that future spending in ...
Read More »NERC Orders Discos to Put on Hold SRT
…….by Musa Ibrahim……………. The Nigerian Electricity Regulatory Commission (NERC) has directed all Discos to put on hold the Service Reflective Tariff (SRT) but to maintain the old tariff rate. .Chairman of the commission, James Momoh, said Discos had been asked to abide by the latest directive from the Federal Government which suspended the implementation of the new electricity tariffs for ...
Read More »Methanol Technology will Stimulate FDI in Oil, Gas Sector – Onu
…Lauds Israel’s Assistance……… The Minister of Science and Technology, Dr. Ogbonnaya Onu says Methanol Fuel Production Technology will stimulating foreign investment in the Oil and Gas sector as well as creating employment opportunities for our teeming youths. He also said that the Methanol Fuel Production technology would expand the chemical industry chain-value, preserve our environment as well as add value ...
Read More »President Buhari Approves Three New Executive Directors for NDPHC
President Muhammadu Buhari has approved the appointment of three additional Executive Directors for the Niger Delta Power Holding Company (NDPHC). They are: Mr Abdullahi Kassim, Mrs Nkechinyelu Mba and Mr Mohammed Mahmud. The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this on Monday in a statement titled, ‘NDPHC board gets three new executive ...
Read More »Siemens Hosts Africa and Middle East Policy makers on ‘Shaping the Energy of Tomorrow’
Siemens Energy & partners are holding a major Middle East and Africa focused virtual conference, entitled ‘Shaping the Energy of Tomorrow’, from October 19 – 21, 2020, to drive forward the sustainability and decarbonization agenda at a defining moment in the energy industry. With the long-term impacts of Covid-19 and a fundamental shift in energy markets still being realized, now ...
Read More »We’ll deploy CNG to all NNPC stations by December, says Kyari
Retailing stations operated by the Nigerian National Petroleum Corporation (NNPC) would have the Compressed Natural Gas (CNG) by December, Group Managing Director (GMD) Malam Mele Kyari, said on Monday. According to him, the deployment will be extended to independent retail stations as the NNPC plans to replicate the plants in about 200 to 300 non-NNPC owned petrol stations by the ...
Read More »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 ...
Read More »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 ...
Read More »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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