SweetCrude
29 Oct 2015
The Nigerian Senate has given strong backing to efforts to improve rural electrification even as it has vowed to ensure funds are released for execution of rural electrification projects. The Senate President, Dr. Bukola Saraki, who stated this when he hosted officials of the Nigerian Electricity Regulatory Commission, NERC, in his office, noted that a…
29 Oct 2015
Africa has about 70 years of natural gas production going by the volume of gas available on the continent and the current production rate, a report by PricewaterhouseCoopers has revealed. The PwC 2015 report on Africa’s oil and gas put the continent's proven natural gas reserves as at the end of 2014 at about 500…
29 Oct 2015
Total E&P Nigeria Ltd has announced the appointment of Mr. Victor Bandele as Executive Director, Joint Ventures District, and Mr. Patrick Olinma as Executive Director, Oil & Gas Commercial, with effect from September 1, 2015. Mr. Bandele joined then Elf Petroleum Nigeria Limited (now Total E&P Nigeria, TEPNG) as a trainee reservoir engineer in 1993.…
29 Oct 2015
KUNLE KALEJAYE The proposed Dangote's refinery, with capacity to refine 650,000 barrels of crude oil per day, will be completed in 2017 and will commence full operations in 2018 - its set deadline, the company has said. Senior General Manager, Civil and Structure, Dangote Petrochemicals Ltd, Mr. Madhav Kelkar, disclosed this in Lagos, saying the…
29 Oct 2015
KUNLE KALEJAYE The Nigeria Content Development and Monitoring Board, NCDMB, says Nigerian-built and owned vessels would as from January 2016 be given first consideration in tenders. Executive Secretary of NCDMB, Mr. Denzil Amagbe Kentebe, who disclosed this at the recent 5th edition of the Practical Nigerian Content event held in Yenagoa, Bayelsa State, saying the…
29 Oct 2015
Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, has spoken of the challenges working against easy passage of the controversial Petroleum Industry Bill, PIB, in the National Assembly, saying a break up of the bill would likely help its passage. According to him, “As long as we continue to want…
29 Oct 2015
KUNLE KALEJAYE Nigeria flared about $783.88 million-worth of natural gas in 2013 and 2014, according to a report by Stakeholder Development Network, SDN, supported by the National Oil Spill Detection Response Agency, NOSDRA. The report also indicated that the value of the gas flared during oil production has the potential to generate over 27, 000…
29 Oct 2015
…The Malabu oil deal example …Group seeks UK intervention to recover funds International concern is mounting over the mismanagement of Nigeria's oil industry funds, with the corruption watchdog, Global Witness, urging the help of the United Kingdom to recover funds lost by Africa's leading oil and gas producer in the famous but controversial Malabu oil…
26 Aug 2015
The immediate-past and new commanders of 2 Brigade, Nigerian Army Barracks in Port Harcourt, Brigadier General Koko Essien and Brigadier General Stevenson Olabanji, have commended the Niger Delta Development Commission, NDDC, for co-operating with security agencies working in the Niger Delta region. The two commanders were recently at the commission’s headquarters in Port Harcourt on…
26 Aug 2015
The Nigeria Labour Congress, NLC, says it is opposed to the total removal of petrol subsidy, maintaining that the Federal Government should rather concentrate on recovery of looted funds and eliminating corruption in the subsidy regime. NLC president, Mr. Ayuba P. Wabba, who disclosed this, maintained that the current arrangement in the nation's downstream oil…
26 Aug 2015
The Nigerian Extractive Industries Transparency Initiative, NEITI, has said it welcomes with hope and optimism the courageous steps taken so far by President Muhammadu Buhari to reform the oil and gas industry and to restructure the management and administrative organs of the Nigeria National Petroleum Corporation, NNPC. NEITI also endorsed other major decisions by President…
26 Aug 2015
Gas exports from Ghana's Jubilee field has reached 100 million cubic feet per day, according to independent producer Tullow Oil. The company disclosed this as it announced the resumption of gas exports from the field, located offshore Ghana. Resumption of exports followed the completion of work on the gas compressor on the FPSO vessel Kwame…
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United Capital Plc has assured shareholders that the company would focus on innovation, digitalisation and business sustainability strategy to stay ahead of trends and ensure sustainable growth.
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Thirty-seven-year-old Virginia woman has been found guilty of murdering her 15-year-old and 5-year-old daughters. According to the Washington Post, the jury convicted her of killing her daughters, Sharon Castro, 15, and Brooklynn Youngblood, 5 on August 5, 2018. Veronica Youngblood admitted before a jury, to drugging and shooting her daughters in their sleep to avenge…
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Chrissy Teigen has revealed the inspiration behind the name Esti Maxine, given to her three-month-old daughter. During an appearance on The Kelly Clarkson Show, the model, 37, who has three children with husband John Legend, 44, she stated that the name was originally inspired by an Italian vacation but turned out to also have a…
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The Human and Environmental Development Agenda (HEDA Resource Centre) has called on the judiciary not to give any consideration to calls for boycott of cases brought by Economic and Financial Crimes Commission (EFCC).
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A Nigerian startup firm, Agriconnekt Services, has taken two international agencies and a Nigerian firm to a high court sitting in Port Harcourt, Rivers State, over an alleged breach of €1.3m contract.