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Chevron vows to ‘learn’ from Angola LNG tragedy’

Chevron vows to ‘learn’ from Angola LNG tragedy’

By Anayo Korie  /Ag Energy Editor   A string of errors at a $10 billion Angolan liquefied natural gas venture has dented Chevron Corp’s reputation as one of the best …

Total to sell more assets, cuts oil output target

• Keeps 2017 free cash flow goal at $15b By Anayo Korie /Ag Energy Editor   Management of Total of France has concluded plans  to sell of its producing  asset …

Siemens to buy Dresser-Rand

Siemens has agreed to acquire Dresser-Rand through the acquisition of all its New York Stock Exchange issued and outstanding ordinary  shares for US$83/share, in a $7.6 billion deal. The takeover…

Why FG provided N213b facility to boost gas to power supply

By the first  week of November this year, all the firms unbundled from the defunct Power Holding Company of Nigeria PHCN will roll drums to celebrate one year in office…

Investment in power sector to hit $20b in 2017 – NERC

By Anayo Korie  / Ag. Energy Editor   Investment in electricity  sector of the power industry  is expected to rise to  average $20billion  per annum in 2017, the Chief Executive Officer,…

PTDF to get zonal offices across Nigeria

The Petroleum Technology Development Fund (PTDF) is to create zonal offices across the six geo-political zones of the country in order to enhance efficiency, bring the agency closer to the…

AEDC to roll out 100,000 meters annually to bridge gap

 By ObasEsiedesa  /Senior Reporter, Abuja   Managing Director of Abuja Electricity Distribution Company (AEDC), Neil Croucher has revealed that the company would need to roll out 100,000 pre-paid meters annually…

Total shoots for capital discipline

Total’s production is expected to grow to about 2.8 million barrels daily  in 2017, as 15 major projects start up in the period from now, the Chief Executive Officer of…

NERC opens office to resolve BEDC’s power disputes

The National Electricity Regulatory Commission (NERC) has opened a forum office in Benin, the Edo State capital, to be closer to the consumers for the purpose of addressing unresolved electricity…

CISLAC laments non-passage of PIB

Nigerian petroleum industry  over the years has been confronted  with vested interests that have  consistently kicked against  key reforms that would reposition the industry for greater benefits of the generality…

Financing, bane of agricultural value chain devt

Financing, bane of agricultural value chain devt

By Phillip Oladunjoye  / Snr Correspondent Lagos   Participants at the recent national dialogue on agricultural value chain have canvassed for adequate financing of the sub-sector for it to boost agricultural…

Shell begins work on Malaysia deep water field

Shell has started work, drilling production wells on Malaysia’s third deepwater development, the Malikai field, offshore Malaysia. The Malikai development involves 17 wells drilled from a 23,500 tonne tension leg…

World Bank backed consortium to build $400m power plant

A World Bank backed consortium has signed an agreement with the Federal Government to construct a 260 Mega Watt power plant in Ewekoro, Ogun State at a cost of $400…

Ibedc to stabilize power supply to franchise area

• To launch brand, celebrate one year anniversary By Anayo Korie   / Ag Energy Editor   Management of Ibadan Electricity Distribution Company of Nigeria (IBEDC) is set to stabilize power…

Dawha backs NPDC 250,000 bpd target

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Joseph Dawha, has challenged the Information Technology subsidiary  of the Corporation to evolve innovative ideas and strategies to…

Total offers $2.5b Usan deepwater oil field for sale

By Anayo Korie  / Ag Energy Editor   Total  S A of France  has put one of its offshore Nigerian oil fields up for sale again, the company said, after a…

Nigeria, Germany to deepen pact on renewable energy

By ObasEsiedesa  / Senior Reporter, Abuja   Minister of Power, Chinedu Nebo has stated that the bi-national conference, scheduled for October this year in Berlin, Germany, will be a platform for…

Shale impact: OPEC cuts demand forecast

The  emergence of Shale gas from  Unites States has started with its impact on the supply of crude oil to the global market as the Organization of Petroleum Exporting Countries…

Statoil resumes gas production in Algeria

The Management of Norwegian oil firm , Statoil  has resumed work on Amenas gas plant in Algeria which was attacked by Islamic militants, leading to the death of over 40…

Power transmission sub-sector open to PPP model – Wakil

By Obas Esiedesa  / Senior Reporter, Abuja   Minister of State for Power, Mohammed Wakil has told top power sector stakeholders and investors in China that the transmission sub-sector of Nigerian…

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