……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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »PENGASSAN Pickets Oil Company Over Sack of 64 Workers
Oil workers, under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), picketed the office of Baker Hughes, a multinational oil company, over sacking of 64 workers. The picketing took place at the Mansard House, Victoria Island area of Lagos State. Some aggrieved members were seeing chanting solidarity songs, while holding placards of various inscriptions, to ...
Read More »Tank farms: We will not compromise on safety – DPR
The Department of Petroleum Resource (DPR) says it will not allow its safety strategy to be compromised by operating tank farms in the country. Mr Bassey Nkanga, the Zonal Operations Controller, Port Harcourt zone, made this known on Tuesday in Port Harcourt. Nkanga is currently undertaking a tour of tank farms initiated by the ad hoc committee on relocation of ...
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