Axxela Limited, a Nigerian gas and power portfolio company, has signed a Gas Transportation Agreement with the West African Gas Pipeline Company Limited to transport over 15 million standard cubic feet per day of natural gas via the West African Gas Pipeline to Lome, Togo. The Punch has reported. The Chief Executive Officer, Axxela, Bolaji…
Jumoke Adelabu – Lagos The United Nations says it needs more than US$9 billion (S$12.3 billion) to fund its humanitarian work in sub-Saharan Africa next year as the twin challenges of conflict and climate change continue to wreak havoc with people’s lives. It’s an increase on 2018 – as the UN says humanitarian crises are…
There was pandemonium on Friday afternoon at the Murtala Muhammed Airport, Lagos following a fire outbreak at the Forte Oil Petrol Station. The News Agency of Nigeria (NAN) reports that the inferno which started around 2.10pm saw people running for safety thereby causing vehicular traffic jam on the roads within the airport. The spokesperson for…
Damilola Shittu – Abuja The Federal Government and petroleum marketers on Thursday agreed on how the outstanding fuel subsidy claims would be settled by the government. The agreement was reached after a meeting held at the headquarters of the Ministry of Finance. A statement from the Media Adviser to the Minister of Finance, Mr Paul…
Damilola Shittu – Abuja President Muhammadu Buhari has assured workers in the oil and gas industry of his commitment to ensuring a conducive working environment for them, saying he will accelerate the process of signing into the law the Petroleum Industries Bill once it is passed into law by the National Assembly. The President, who…
Damilola Shittu – Abuja The Senate on Thursday asked oil marketers to give the Federal Government more time, to resolve the issue of unpaid subsidy. After deliberating on the letter sent to the Senate by independent oil, marketers, the legislative chamber said, the government would need more time to look into their demands. On the…
Organisation of Petroleum Exporting Countries (OPEC) members and other oil-producing countries gather in Vienna on Thursday to discuss cutting output to prop up prices, as US President Donald Trump urged them to keep the faucets open. Oil ministers from 20 or so countries busily criss-crossed the Austrian capital on Wednesday for preparatory negotiations ahead of…
Damilola Shittu – Abuja A multi-billion dollar investment opportunity in the nation’s deep-offshore frontiers was unveiled on Wednesday, at the 10th World Energy Capital Assembly in London, United Kingdom. It was part of the drive by the Nigerian National Petroleum Corporation (NNPC) to raise Nigeria’s crude oil reserve. Delivering an address at the panel session…
The Nigerian National Petroleum Corporation (NNPC) has reiterated that it has no plan to carry out mass retirement of staff. The corporation’s spokesman, Mr Ndu Ughamadu, disclosed this in a statement in Abuja on Wednesday. He said that Group Managing Director of the corporation, Dr Maikanti Baru, gave the assurance at a programme – CS…
German solar battery maker, Sonnen, has won approval to join the lucrative market for keeping the country’s power network in balance, giving a boost to its drive to reach profitability. Jean-Baptiste Cornefert, head of Sonnen’s eServices retail unit, told media it had been accepted by Germany’s biggest power grid firm TenneT to join the so-called…
