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Zenith Bank to grant $100m loan for Oyo field devt

Zenith Bank to grant $100m loan for Oyo field devt

Zenith Bank has concluded plans to secure  a $100 million credit facility to Camac Energy for the development of the Nigerian deep-water Oyo field. The facility would go along way…

Marketers, Customs at war path over lube tariff

By Anayo Korie  / Ag Energy Editor   Oil marketing firms and Nigeria Customs Service  are currently on the warpath over  tariff on  imported base oils, which is employed to formulate…

$3.3b Egina FPSO: Samsung lied about $300m cost variation

Stories by Anayo Korie  /  Ag Energy Editor   Samsung  Heavy Industries Nigeria, SHIN, the company awarded the $3.3 billion Egina Floating Production Sharing and Offloading, FPSO, project contract lied…

Chevron Nigeria wins CIPM awards

The Chairman and Managing Director of Chevron companies in Nigeria, Mr. Clay Neff has applauded the Chartered Institute of Personnel Management (CIPM) for the awards of excellence given to the…

DPR to withdraw licenses of operators who missed 2015 deadline

The Department of Petroleum Resources (DPR), has concluded plans to withdraw the licenses of marginal field holders for their inabiility  to develop the fields   by March 2015.The fields was…

NAPE urges FG to invest in refineries to mitigate price shock

 Stories by Anayo Korie / Ag Energy Editor   NigerIa has been advised to be self sufficent in the production and  consumption of Petroleum products as part of the measures  to…

Chevron backs human capacity development in Nigeria

Chevron backs human capacity development in Nigeria

Chevron Nigeria Limited (CNL) has reinstated its commitment in the development of human capital which is urgently required  for the development of all the sectors of Nigerian economy, the Managing…

Alison-Madueke backs implementation of gas-to-power initiatives

Alison-Madueke backs  implementation of gas-to-power initiatives

• As NPDC/Seplat invest $200m on gas facility   The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has vowed to support and  implement  all the  various polices  designed to accelerate…

NERC backs Discos to stablize power supply

National Electricity Regulation Commission (NERC), has restated its commitment towards ensuring that  electricity distribution companies comply with the rules of the game by supplying  electricity to end users without compromising…

OPEC member states at crossroad over sharp drop in oil prices

By Anayo Korie  -  Ag Energy Editor   The sharp  drop  in the price of crude in international market , in theory should be matter of concern to the Organisation…

Ebola plague delays ExxonMobil’s Liberia plans

Chief Executive  Ofiicer of ExxonMobil  Corporation,  Rex Tillerson  has said    that the Ebola virus has disrupted plans to drill the Mesurado-1 wildcat, located in block LB-13  in Liberia. Tillerson…

Statoil wins shale gas contract in Algeria

Algeria has opened the way for detailed technical investigation of its shale gas resources, estimated at 707 Trillion cubic feet (Tcf) by the Energy Information Administration (EIA). The country awarded…

Qatalum organizes forum on value creation

• Produces 600,000 tons per annum In their efforts to grow an aluminium knowledge hub in Qatar, aQatalum  firm and its partners hosted a seminar to facilitate a cross pollination…

NIPCO celebrates staff, marks ten years anniversary

By Anayo Korie  -  Ag Energy Editor   Nigerian Independent Petroleum Company, NIPCO plc, one of the  indigenous marketing companies  in the nation’s oil and gas industry, has appreciated its…

Nigeria still a net  importer of fuel  at 54

Nigeria still a net  importer of fuel  at 54

By Anayo Korie  / Ag Energy Editor    At 54  years of independence  , Nigeria   the largest oil producing nation  in Sub-Saharan Africa is supposed  to  have met domestic demand for…

Why Total’s Egina  deep water  project was delayed

 Stories by Anayo Korie  /  Ag Energy Editor   Fresh facts has emerged why the fabrication of Floating Production ,Storage and Offloading (FPSO),  one of the vital  facilities  urgently needed…

Mozambique starts  gas supply  to Homes, Hospitals

Mozambique has commissioned the landmark Gas Distribution Project at Maputo and Marracuene (PDGM), expected to supply natural gas to households and businesses in those two cities in the south of…

House to probe N700b Shell gas project

The House of Representatives will commence investigations into  Shell- Nigeria operated N700 billion gas project over which allegations of tax evasion running into N7 billion  made by a former employee…

Egypt to reduce debt on the back of new project

Dana Gas Egypt has concluded a Gas Production Enhancement Agreement (GPEA) with the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Company (EGPC). The deal calls for…

Low profit margin prolongs  MRS Oil profit maximazation

MRS Oil plc  has set the plans rolling towards   returning to its previous profit highs, but low profit margin is prolonging the recovery journey. At the peak of its performance…

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