Energy Worth with Agency Report Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that’s at the heart of environmental and human rights controversies for $2 billion, according to people familiar with the plan. The Anglo-Dutch oil major is discussing selling oil mining licenses 11 and 17 to…
By Energy Worth The latest operational performance of the nation’s refineries as released by the Nigerian National Petroleum Corporation shows that two of the plants in Kaduna and Port Harcourt have been dormant. According to the NNPC, while the two refineries cannot refine any crude oil, the one in Warri is performing better, as its…
By Energy Worth The confrontation between the power distribution companies and the Minister of Power, Works and Housing, Babatunde Fashola, continued on Sunday, with the Discos firing back at the minister, accusing him of spending taxpayers’ money on misguided projects. Responding to Fashola’s recent statements against its members, the Association of Nigerian Electricity Distributors (ANED),…
By Dan Dicker Oil markets have shown tremendous weakness in recent days, losing nearly seven dollars before rallying back a bit on Thursday. What’s causing it? Market analysts have been struggling to find a single reason for it, preferring to cite a cocktail of negative news and rumor to explain the downdraft. There have been…
By Energy Worth The Senate has approved the payment of subsidy claims totalling N348bn to oil marketing companies based on a request by President Muhammadu Buhari. The approval was made at the plenary on Wednesday following the adoption of the interim report by the Senate Committee on Petroleum (Downstream) on ‘Promissory Note Programme and Bond…
By Energy Worth Stakeholders in Niger Delta have cautioned President Muhammadu Buhari against signing the Petroleum Industry Governance Bill (PIGB), alleging that it seeks to privatise the country’s oil and gas assets and to further impoverish the people of the region. They warned that any attempt to privatise the oil and gas assets in the…
By Oke Peter Organiser of the Australia’s largest and most comprehensive clean and renewable energy exhibition and conference, All-Energy Australia, Reed Exhibitions, has announced that the 10th edition of Exhibition and Conference will hold between 3rd and 4th October, 2018 at the Melbourne Convention and Exhibition Centre. The 2018 edition, organized in partnership with Clean…
By Nick Cunningham Oil prices have retreated as disrupted supply from Libya has started to come back online, threatening the recent gains in oil prices. But a bigger threat to crude over the second half of 2018 and into 2019 is a slowdown in the global economy. The International Monetary Fund warned in its latest…
By Energy Worth The Nigerian National Petroleum Corporation (NNPC) has commenced comprehensive community integration and stakeholders’ engagement to sensitize dwellers of Iwure, Ojor and Osomba/Akin communities of Cross River State ahead of planned oil palm-based biodiesel project in that part of the state. A release by Corporation’s Group General Manager, Group Public Affairs Division, Ndu…
By Energy Worth Most of the statements made last week Monday by the Minister of Power, Works and Housing, Babatunde Fashola, about the power sector are false, according to the electricity distribution companies. They said on Tuesday that comments made by the minister on metering, power generation and transmission capacities and stranded electricity, among others,…
