NEWS REVIEW FOR TUESDAY, AUGUST 14, 2018
Oil & Gas
Refineries’ Builders to Revalidate Studies for Plants’ Revamp
Three Original Refineries Builders (ORBs) who built the existing 445,000 barrels a day (bd) combined capacity refineries of the Nigerian National Petroleum Corporation (NNPC) in Kaduna, Port Harcourt and Warri, have agreed to revalidate the scoping studies the NNPC has developed for its planned revamp of the refineries, the Group Managing Director of the corporation, Dr. Maikanti Baru, has disclosed.
Ending the Menace of Gas Flaring
After dithering for years, Nigeria recently indicated its preparedness to end gas flaring, an exercise that represents waste and environmental degradation
Nigeria, two others push OPEC oil output higher
Crude production from the Organisation of Petroleum Exporting Countries rose in July on the back of increased output recorded by Nigeria, Kuwait and the United Arab Emirates, the latest report obtained on Monday showed
OPEC sees lower demand for oil
The Organisation of Petroleum Exporting Countries (OPEC) yesterday forecast lower demand for its crude next year as rivals pump more. It said top oil exporter Saudi Arabia, is also eager to avoid a return of oversupply and had cut production.
NNPC, Seplat sign gas delivery agreements
The Nigerian National Petroleum Corporation and Seplat Petroleum Development Company have signed five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020.
NNPC Targets 15,000MW Gas-based Power Generation in Three Years
The Nigerian National Petroleum Corporation (NNPC) has disclosed it is targeting the supply of about five billion standard cubic feet per day (bcfd) of gas to Nigeria’s domestic market, from which about 15,000 megawatts (MW) of electricity could be generated in the next three years.
Pipeline vandals ground Ibadan petrol depot, product scarcity looms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says there is the likelihood of a scarcity of Petrol in Ibadan due to non-availability of the product at the depot.
Expert Urges NLNG to Sell First Train 7 Volumes in 2022
The Nigeria Liquefied Natural Gas (NLNG) Limited has been advised to consider getting the first output of liquefied natural gas (LNG) from its upcoming Train 7 to the market in 2022 instead of 2024 which it recently said was its target.
MOSOP TO FG: Ogoni needs economic cleanup, not mere environmental cleaning
OGONI- PRESIDENT of the Movement for the Survival of Ogoni People, MOSOP, Mr. Leborsi Pyagbara, has said that Ogoni people in Rivers State whose sources of livelihood were destroyed by pollution by oil companies required economic cleanup and not just environmental remediation from the Federal Government.
Renewal of Shell’s mining rights, insult on our dignity — MOSOP
MOVEMENT for the Survival of the Ogoni People, MOSOP, has described the renewal of Shell Petroleum Development Company, SPDC’s mining rights in Ogoni as shocking and an insult on the collective dignity of the Ogoni people.
‘Why government may not end Port Harcourt soot’
Scientists have advanced reasons for Federal Government’s failure to identify the source of Port Harcourt ‘black soot’ in order to end the environmental and health hazards it poses to the people of Rivers State.
Iran offers discount on oil, gas to Asian market
Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA reported on Monday.
Why SNEPCo Supply Base Must Remain in N’Delta
The Niger Delta region for many years was a centre for violence, communal clashes and militancy. It took a negotiated and sustained intervention for the government to purchase relative peace in the region.
TUC urges workers to participate actively in politics
The President of the Trade Union Congress (TUC), Bobboi Bala Kaigama has urged workers to participate actively in politics to be able to influence policies that directly affect them and their welfare.
NLC vows to continue picketing of MTN over non-unionisation of workers
The Nigeria Labour Congress (NLC) has vowed to continue picketing the premises of telecommunication giants, MTN, until all its workers are allowed to belong to labour unions of their choice.
‘Single digit inflation target now uncertain’
Nigeria may lose out on its targeted single digit inflation level this year, which would have checked the streak of weak purchasing power and put the country on a sustainable path of interest rate cut.
Discos must Meter Consumers, FG Insists
About 26 industrial customers have elected to sign up to be supplied power directly from power generation companies (Gencos) instead of from the distribution companies (Discos) under the eligible consumers’ scheme approved by the federal government in 2017, the government said yesterday in Minna, Niger State.
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