The European Union and French Development Bank have committed to procure a 330KVA transformer to improve power supply to Daura LGA and surrounding communities in Katsina, the Transmission Company of Nigeria (TCN) has said. An official of the company, Mr Wale Adeyemi made this known on Tuesday during an inspection of the project site, saying…
Polish oil refiner PKN Orlen expects to receive a first ever shipment of Nigerian crude oil next month, its CEO said, as Poland seeks to reduce its reliance on Russian supplies. State-run PKN Orlen, Poland’s biggest refiner, and smaller rival Lotos, which it is taking over, rely mostly on Russian oil delivered via pipelines built…
Nigeria’s oil and gas firm, Techno Oil Limited has unveiled its TechnoGas Liquefied Petroleum Gas (LPG) cylinders at the 31st World LPG Forum holding in Houston, Texas in the United States of America. LPG is also popularly known as cooking gas. The Sun newspaper has reported. The unveiling of the cylinders formally makes Nigeria to…
By Oke Peter Oil price, yesterday, dropped to around $83 a barrel on pressured by expectations that some Iranian oil exports will keep flowing after the U.S. reimposes sanctions, easing a strain on supplies. Brent crude, the international benchmark was down $1.07 to $83.09 per barrel at 0817 GMT. It hit a four-year high of…
By Oke Peter The Transmission Company of Nigeria (TCN) says it has fully repaired the 30MVA 132/33KV power transformer in Oghara transmission substation in Delta. The TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, made this known in a statement on Monday in Abuja, saying that the transformer under reference had also been energised since…
By Damilola Shittu The Federal Government on Monday announced that it had raised the sum of $177m out of the $1bn required for the cleanup of Ogoni land in the Niger Delta region of Nigeria. It stated that refineries of crude oil were expected to raise the balance, adding that the $1bn was to be…
Several people were injured in a blast that hit on Monday an oil refinery in the City of Saint John located in the eastern Canadian province of New Brunswick, plant’s owner Irving Oil said. “As an update on our Saint John refinery incident this morning, we now understand that all employees and contractors working on…
By Oke Peter The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engineer Simbi Wabote has commissioned a new security vessel, MV Tamuno-Dein II, acquired by BGAM Services Limited, the first oil and gas company to access the Nigerian Content Intervention Fund (NCI Fund). The ceremony was performed on Friday at the Naval Shipyard,…
Italy’s Eni and Britain’s BP on Monday signed a deal with Libya’s National Oil Corporation aimed at renewing oil exploration in the war-ravaged country, the companies said. The three businesses signed a letter of intent in London which will see Eni acquire 42.5 per cent of BP’s Exploration and Production Sharing contracts in Libya in…
Leakage from an oilfield operated by Shell Petroleum Development Company (SPDC) at Aghoro community in Bayelsa has discharged some 1,114 barrels of crude oil into the environment. The leakage has adversely affected the fishing vocation of residents who had withdrawn from fishing to pave way for clean up. The resulting oil spill impacted and polluted…
