Seventh edition of Power Nigeria Conference set for September
The seventh edition of Power Nigeria Exhibition and Conference is set to attract all stakeholders in the power market value chain, from decision makers and business leaders to experts and trade professionals.
Nigerdock gets ABS certification
Indigenous oil and gas service company, Nigerdock FZE, has successfully transitioned from ISO 9001:2008 to ISO 9001:2015 QMS Certification.This was achieved after the American Bureau of Shipping (ABS) conducted an audit of the company`s quality processes, equipment, and workforce....
Gold slips as trade, emerging market worries lift dollar
Gold slipped yesterday as concerns over an escalating trade conflict between the United States and China battered emerging market currencies and prompted investors to seek perceived safety in the dollar. A stronger dollar makes dollar-priced gold costlier for non-US investors.
DisCos’ debts to NBET, market operator hit N103 billion
The Electricity Distribution Companies (Discos) in Nigeria are indebted to the Nigerian Bulk Electricity Trader (NBET), and Market Operator (MO) to the tune of N103billion, according to the Nigerian Electricity Regulatory Commission recent (NERC) report released this week. DisCos were issued an invoice totalling N147billion for energy received from NBET and for the service charge…
Rising crude refining cost justifies need to harness Nigeria’s local capacity
Between 2012 and 2017, the Department of Petroleum Resources (DPR), granted licences to 37 private firms, including the 650,000 barrels per day (bpd) Dangote Refinery Plc, for the establishment of private refineries in the country.
Nestoil blames delay of OB3 pipeline on weather
The delay in completion of the Obiafu, Obrikom, Oben (OB3) gas pipeline has been attributed to bad weather owing to flooding from continual rainfalls in areas of operation.
Shell Nigeria Gas marks 20 years, implements health programme
Shell Nigeria Gas (SNG) has marked its 20th anniversary as a gas distribution company, and has implemented a health programme as part of the activities marking the event.
Egina FPSO sail-away buoys oil, gas production increase
Anticipated increase by 200,000 barrels of oil per day to Nigeria’s oil production (approximately 10 per cent of the country’s total oil production) received impetus following the successful sail-away of the Egina Floating, Production, Storage and Offloading (FPSO). This comes on the heels of latest report from the Organisation of the Petroleum Exporting Countries (OPEC),…
Give us schedule for PIGB implementation, stakeholders tell FG
Concerned stakeholders in the country’s petroleum industry have appealed to the Federal Government to spell out the timetable for the implementation of the Petroleum Industry Governance Bill (PIGB) if it eventually becomes a law. The bill is current with the Presidency, awaiting the assent of President Muhammadu Buhari. A panel of energy experts who spoke…
NNPC, oil industry operators seek diversification of Nigeria’s economy
Nigeria’s oil sector is fast losing its relevance given the market realities of today, the Society of Petroleum Engineers (SPE) recently warned. With this, the country might be taking an uncalculated risk, as actions by the Federal Government have not shown its readiness to depend less on oil. STANLEY OPARA looks at the status quo…