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Baru orders assessment of Escravos-Lagos gas pipeline fire

  *3182Mw shut down The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has ordered the immediate assessment of fire incident on Escravos-Lagos Pipeline (ELP). The order is contained in a statement issued on Wednesday in...

India to surpass China as world’s biggest LPG importer

India is set to surpass China as the biggest importer of Liquefied Petroleum Gas (LPG) this month as a drive to replace wood and animal dung fires for cooking boosts consumption. Shipping data in Media ikon shows LPG shipments to...

178 gas flare sites: lawmakers urge DPR to enforce meterage 

THE House of Representatives Adhoc Committee investigating revenue leakages in Nigeria’s oil and gas industry has urged the Department of Petroleum Resources, DPR to compel oil companies to install meters targeted at harnessing associated gas for positive applications in...

Gas explosion forces evacuation of primary school in Tunisia

A gas explosion in Tunisia has forced evacuation of a primary school, a source in the Tunisian Ministry of Interior said Tuesday. The source said a primary school has been evacuated by the security units in coordination with the Civil...

NIPCO deepens gas usage with free accessories

NIPCO Plc has expressed its readiness to join hands with Federal government in improving access to Liquefied Petroleum Gas as cooking fuel to the generality of Nigerians at affordable rates. Managing Director , NIPCO ,Mr Sanjay Teotia, who  gave...

Petrolex to invest $6b in Nigeria’s oil, gas sector

An indigenous oil company, Petrolex Limited, said it has set aside $6 billion to enable it make an impact in the downstream and upstream sectors of the Nigerian oil and gas sector. Chairman of the company, Mr Segun Adebutu, said...

Oloibiri oil, gas festival debuts December 28

The President of Oloibiri Oil and Gas Entrepreneurship Development Initiative, Mrs Faith Wilkinson, says plans are in top gear to debut the Oloibiri oil and gas festival slated for December 28. Wilkinson said on Wednesday in Yenagoa that the festival...

Gas explosion: Delta Communities appeal to FG for rescue

Leaders of communities affected by gas explosion in Gbaramatu Kingdom, Warri South-West Local Government Area of Delta have appealed to the Federal Government to rescue them from the effect of persistent gas explosions. Mr Edwin Odudu, who spoke on behalf...

HOSCON wants FG to release N98b gas flare penalty money

Host Communities of Nigeria Producing Oil and Gas, (HOSCON) has called on the Federal Government to release N98 billion gas flare penalty money owed oil producing communities. Addressing newsmen in Abuja on Tuesday, the National Chairman, HOSCON, Mr. Mike Emuh,...

Oando gets court order to stop share suspension, forensic audit

The management of Oando plc has obtained a court order to halt the suspension of trading in its shares and a forensic audit planned by the Securities and Exchange Commission (SEC), Reuters reported yesterday. Reuters stated it sighted court documents...

Japan to offer $10b to back Asia LNG infrastructure push

Japan will offer $10 billion in private/government finances to support projects for supplying Liquefied Natural Gas (LNG) to Asia or building LNG infrastructure in Asia. The country’s Trade Minister Hiroshige Seko made this known on Wednesday at the annual LNG...

Baru emerges chairman NGA advisory board

The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has emerged the Chairman, Advisory Board, Nigerian Gas Association (NGA). The board was inaugurated on Tuesday during an Executive Gas Round-table for Chief Executives and Directors levels...

Delta State partners firm to produce compressed gas

Chairman, Delta State Investment Development Agency (DIDA),Chief Afam Obiago, has said the Delta State Government is partnering with Power Gas Nigeria, a private firm, to produce compressed natural gas for industrial use. Obiago who disclosed this in Asaba on Sunday...

Oando Gas & Power changes name to Axxela

Oando Gas & Power Limited (OGP), former midstream business subsidiary of Oando Plc, has changed its corporate identity and branding to Axxela Limited. According to a statement by the Investor Relations & Corporate Communications Strategy & Planning Manager, Kevin Johnson-Azuara,...

Axxela submits feasibility study on 510 Km EIIJ pipeline to NNPC

Axxela Limited formerly Oando Gas and Power Limited, sub-Saharan Africa’s preferred fast-growing gas & power portfolio company, has completed and submitted a feasibility study to the Nigerian Gas Processing and Transportation Company (NGPTC), a subsidiary of the Nigerian National...

Kachikwu, Baru discuss opportunities in petroleum industry

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu and the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr.Maikanti Baru, met  on Tuesday and discussed opportunities to further develop the nation’s oil and gas sector. They met...

How Chevron is promoting local content, by MD

Chevron Nigeria Limited (CNL) is boosting local capacity through human capital development and use of local materials, writes Godwin Hills.   AS Nigeria progresses in its quest to acquire oil and gas technology and build indigenous capacity to service the oil...

Oil rises to $57/bbl as potential OPEC deal trumps U.S. exports

Oil prices rose on Thursday as signs Saudi Arabia and Russia would limit production through next year outweighed record U.S. exports and the return of production at a major Libyan oilfield. “Bullish comments from the Russian and Saudi Energy ministers...

Kachikwu intervenes in Shell/Bayelsa levy dispute

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has intervened in the dispute between Bayelsa State Government and Shell Petroleum Development Company (SPDC) over nonpayment of development levy by the oil company. TBI Africa recalls that Bayelsa Government...

Senate investigates insubordination allegations against NNPC’s boss

The Senate is investigating insubordination allegations against the Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru, by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu. This was sequel to a motion on “Allegations of Corruption...

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Obasanjo successfully completes PhD programme at NOUN

Former President, Chief Olusegun Obasanjo, is among 14,771 persons expected to receive honours at the 7th convocation of the National Open University of Nigeria...