NEWS REVIEW FOR WEDNESDAY, AUGUST 2, 2017
Oil & Gas
How to boost refining capacity – Stakeholders
With Nigeria’s refining industry suffering from low capacity utilisation, the need to become self-sufficient in petroleum refining has been a source of concern to stakeholders in the downstream sector.
NNPC to continue oil explorations in Lake Chad Basin despite insurgency
The Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu has said that the Federal Government will continue with its “oil and gas explorations” in the Lake Chad Basin of Borno state; despite recent Boko Haram attacks in the region.
FG to compel IOCs to cut high oil production cost
THE Federal Government is set to compel International Oil Companies (IOCs) to cut the cost of producing oil in Nigeria.
Stakeholders differ on new FG’s devt roadmap for N’Delta
LEADERS and stakeholders of the Niger Delta, yesterday, were divided on the new Federal Government’s roadmap for the transformation of the region.
Osinbajo, PANDEF meet today
ACTING President Yemi Osinbajo, has invited the Pan Niger Delta Forum, PANDEF, which threatened, on Monday, to pull out of further engagements with the Federal Government if it (government) was not ready to dialogue with the regional body on the 16-point demand it submitted to President Muhammadu Buhari, November, last year, to a meeting tomorrow in Abuja.
NNPC partners CypherCrescent to boost oil production
The Research & Development (R&D) Division of the Nigerian National Petroleum Corporation (NNPC), has sealed a strategic partnership with CypherCrescent Limited, to enhance oil and gas production using innovative technologies and optimised workflows. https://guardian.ng/energy/nnpc-partners-cyphercrescent-to-boost-oil-production/
Siemens develops 44-megawatt aero derivative gas turbine
Siemens has added the SGT-A45 TR mobile unit to its gas turbine portfolio, with an electrical generating capacity of up to 44 megawatts, to address the growing market for fast power.
MOSOP accuses Nigeria of insincerity in Ogoni cleanup
The President of the Movement for the Survival of Ogoni People (MOSOP), Legborsi Pyagbara has accused the Federal Government of insincerity in the Ogoni cleanup.
Oil industry loses $300b to price slump
THE Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said the global oil and gas industry lost over $300 billion worth of investment in three years due to decline in oil prices.
MOSOP to Fed Govt, Shell: cease talks on resuming oil production in Ogoni
The Movement for the Survival of the Ogoni People (MOSOP) has given the Federal Government and the Anglo/Dutch oil giant, Shell Petroleum Development Company of Nigeria Limited (SPDC), a seven-day ultimatum to cease engagements on resuming oil production in Ogoni.
Ghana wants more Nigerian gas for electricity
The Minister for Energy, Ghana, Mr. Boakye Agyarko, has said his country will like to have more gas supply from Nigeria for power generation.
Agony as structures on pipelines’ right-of-way in Arepo are demolished
It was a tale of woe, agony and pain for some residents of Arepo in Obafemi Owode Local Government Area of Ogun State yesterday when bulldozers, hired by the a team of Army Engineering Corps. and Nigeria National Petroleum Corporation (NNPC), demolished structures on pipelines’ right-of-way.
Hope for fiscal federalism as Lagos takes over waterways
The Lagos State Government yesterday gave a seven-day ultimatum to boat operators and dredgers to align their operations with the July 18 ruling of the Court of Appeal regarding control of inland waterways.
Nigeria gives fresh condition for passport issuance, permit renewal
From January next year, Nigerians without the National Identity Number (NIN) are to be denied international passport (IPP).The Comptroller General of Nigeria Immigration Service (NIS), Mohammed Babadede, dropped the hint yesterday after a meeting of the National Identity Management Harmonization Committee in Abuja.
Is Nigeria Ready for Industrialisation?
Although policy makers in the country are focused on steering the economy out of recession, Obinna Chima wonders if the country is ready for industrialisation
House Says Rejection of Power Devolution, A Mistake
Apparently feeling the heat of public anger against the killing of the devolution of powers bill by the National Assembly, the House of Representatives has said the legislative act was a mistake that would be corrected upon its resumption from summer vacation in September.
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