Savannah Energy, Notore Chemical sign new gas agreement
Anita Okoro
August 17, 2022
By Anita Okoro Savannah Energy plc’s 80 percent indirectly owned subsidiary, Accugas Limited, has entered into a new gas sales agreement (GSA) with Notore Chemical Industries plc. In line with the agreement, Accugas will supply Notore with up to 10 MMscfpd of gas to augment its current supplies. The contracted supply is on an interruptible […]
Imo’s anti-oil theft fight gets boost with FG, NNPC support
Dikachi ElembaAugust 12, 2022
By Dikachi Elemba, Owerri The Federal Government, the Nigeria National Petroleum Company (NNPC) Limited and security agencies are partnering with the Imo State government and the state’s oil-producing communities in the fight against pipeline vandalism and oil theft in the state. This came to the fore at a recent stakeholders’ meeting held at Government House, Owerri, Imo State […]
NLNG denies involvement in $1.2bn oil sleaze
Maduabuchi EfegadiAugust 12, 2022
BY MADUABUCHI EFEGADI …says gas shipment, sales contracts follow regulation Nigeria Liquefied Natural Gas Limited (NLNG) has refuted a media report linking it to a $1.2 billion oil sleaze involving certain Nigerian companies in collaboration with government officials. The company described the report as false, malicious and deliberate, saying it was a rehash […]
NCDMB allocates 60% of oil projects capacity development funds to training
Anita OkoroAugust 8, 2022
By Anita Okoro The Nigerian Content Development and Monitoring Board (NCDMB) has developed a guideline that guarantees the allocation of 60 percent of the Human Capacity Development (HCD) budget on major oil and gas projects to the strengthening of training institutions. Under the guideline, a large chunk of the HCD commitments on projects will be […]
Nigeria secures US-backed $1.5bn loan for solar projects
Habeeb AdamuAugust 8, 2022
By Habeeb Adamu Nigeria has secured a $1.5 billion loan from the US-EXIM Bank to boost solar power infrastructure in 10 different locations across the country. The loan, a government-to-government facility, comes on a concessional rate over a 20-year tenure. Adam Cortese, CEO of SUN Africa LLC, USA, who gave the information on Thursday, said […]
Seplat Energy commences operation at new 67km Amukpe-Escravos Pipeline
Habeeb AdamuAugust 4, 2022
By Habeeb Adamu Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has begun commercial injection of crude oil through the new Amukpe-Escravos Pipeline. Announcing this in a statement on Monday, Seplat Energy said the 67km mostly underground pipeline is expected to provide […]
Impact of crude oil theft, vandalism could gulp 50% of Nigeria’s budget, Shell warns
Onome AmugeAugust 3, 2022
The Nigerian government could be spending up to 50 percent of its budget to fix the mess impacted by crude oil theft, illegal bunkering and damaged facilities in Niger Delta communities unless the administration takes an urgent action to address the issues. Igo Weli, country head/director of corporate relations, Shell Petroleum Development Company (SPDC), issued the warning […]
MOSOP welcomes Buhari’s audit of Ogoni clean-up
Maduabuchi EfegadiAugust 3, 2022
BY MADUABUCHI EFEGADI Movement for the Survival of the Ogoni People (MOSOP) said it welcomed President Muhammadu Buhari’s directive for an audit of the Hydrocarbon Pollution Remediation Project (HYPREP). HYPREP is the agency charged with carrying out the Ogoni land clean-up. However, the agency’s activities have come under severe criticisms from many individuals and bodies, […]
Ahead of COP 27, AfDB’s Atlantic Council pushes Africa agenda
Maduabuchi EfegadiAugust 2, 2022
BY MADUABUCHI EFEGADI Ahead of the forthcoming UN climate conference COP 27 in November at Sham El Sheik Egypt, widely believed by many on the continent as Africa’s COP, the African Development Bank’s Atlantic Council is pushing for ‘Africa agenda’ to international thought leaders and other targeted bodies, saying “Africa deserves the highest priority attention”. […]
Sahara Group’s SAPET GAS sails into Cote d’Ivoire to promote energy transition
Grace AirhuleJuly 29, 2022
By Grace Airhule. SAPET GAS, the pioneer Liquefied Petroleum Gas (LPG) vessel to be named under Ivorian origin and carry the national flag, has made its historic maiden voyage to Cote d’Ivoire, ushering a whiff of clean energy into the country. The 23,000-cubic metre capacity vessel which cost CFA 26 billion was received by Ivorian […]