Energy

MALAYSIAN energy firm Petronas expects to make a final investment decision (FID) on an $11 billion liquefied natural gas (LNG) export terminal in British Columbia by June, after postponing the decision late last year, its chief executive said.    Shamsul Azhar Abbas said the state-owned company had agreed to farm-out about 38 percent of the…

 SEQUEL to the Federal Government’s directive on full local content implementation in the power sector, indigenous operators under the aegis of Electricity Meter Manufacturers Association of Nigeria (EMMAN), has expressed their readiness to take up the challenge and play critical role in growing the sector.     The Executive Secretary of the association, Muideen Ibrahim, who…

TWO trailers fully loaded with illegal oil and diesel have been arrested by the Nigeria Security and Civil Defense Corps (NSCDC) in Delta State.   The Delta State Commandant of NSDC, Adesuyi Clement, who disclosed this recently said that eight persons -Salisu Mohammed, Adamu Seidu, Sylvester Irabor and five others were currently being detained by…

Mr Dickson Okotie is the Chief Executive Officer of  Eunisell Solutions, an indigenous oil and gas service company. In this interview with Roseline Okere, he spoke on the challenges facing full optimization of marginal oil fields in the country and the solutions. Excerpts. WHAT type of services is Eunisell rendering to the oil and gas…

. As NIPP’s contribution hits 2,500MW THE Federal Government has commissioned new Turbine Unit of Egbin Power station and Olorunsogo power plant to boost electricity supply in the country.   Besides, the Nigerian National Integrated Power Project (NIPP) contribution to the national grid has reached 2,500MW on regular basis.   Speaking at the commissioning, President…

THE Nigerian Electricity Regulatory Commission (NERC) has issued two on-grid electricity generation licences to KVK power Nigeria PVT Limited and Aluminum Smelter Company of Nigeria Plc to generate electricity from solar and gas-flared respectively   KVT Power on-grid power is to be located in Yabo, Sokoto state having met the requirements for the grant of…

OPEC will regain ground and exceed its historic record production levels by 2030 as U.S. shale oil growth flattens out in the coming years, energy company BP said last week.   In the near term, demand for oil from the Organization of the Petroleum Exporting Countries (OPEC) is likely to remain under pressure as U.S.…

The National President, Independent Petroleum Marketers Association Of Nigeria (IPMAN), Elder Chinedu Okoronkwo aims to place South East as an oil and gas processing zone. Recently, the Nigeria Union of Journalists Zone C honoured him with an award on excellence in entrepreneurial development following his successful run in the oil and gas sector. He spoke…

DESPITE bleak prospects in the oil and sector, there are still viable opportunities to invest in the industry within Africa, even from an exploration point of view, the PricewaterhouseCoopers (PWC), has said.     In its report titled: “Fit for $50 oil in Africa”, released recently, the global firm said that the greatest opportunity at the…

THE Nigerian National Petroleum Commission (NNPC), has reiterated its commitment to promote indigenous participation in the nation’s oil and gas sector.    Speaking during a visit to the fabrication yard of Kaztec Engineering Limited at Snake Island, Lagos, the Group Executive Director, Engineering and Technology, Adebayo Ibirogba, said NNPC was ready to partner with local…

PETROLOG, an indigenous oil servicing company has acquired an ocean diving support vessel to boost its operations and advance the local content policy of the Federal Government.    The 100 percent Nigerian Flagged, ABS classed Dynamic Positioning (DP2) dive support system vessel is currently in Nigeria waters.    According to the company, this is the…

ONE of Africa’s leading indigenous oil and gas service companies, Eunisell Solutions, has reaffirmed its resolve towards the provision of bespoke solution-based services to ensure the acceleration of oil production in marginal fields.  Speaking with newsmen in Lagos, the Chief Executive Officer, Eunisell Solutions, Dickson Okotie, noted that one of the major challenges facing the…