Dangote looking at bids for first of two 550-km gas pipelines from N. Delta to Lagos

  Dangote Group is looking at bids for the first of two 550-kilometre pipelines as part of its East-West Offshore Gas Gathering System.   Nigerian conglomerate Dangote Group is evaluating bids from offshore contractors related to its ambitious East-West Offshore Gas Gathering System (EWOGGS) pipeline in the Niger Delta.   Dangote in partnership with First […]

‘We ‘ll continue to fight oil sector anti-workers’ policies’

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has restated its commitment to fighting government policies that negatively affect the Nigerian worker in public and private sectors.   PENGASSAN President Comrade Francis Olabode Johnson, who spoke at the 40th anniversary celebration of the union in Abuja, recently, said one of the challenges […]

Dangote calls for African businessmen to invest in refining, other industries

  If Africa’s richest man, Aliko Dangote’s gamble on a $10.5 billion, 650,000 barrels a day oil refinery that will be Africa’s biggest when it comes into operation in 2020, pays off, it could save Nigeria up to $12 billion on the importation of refined fuel, and grow his Dangote Group conglomerate to an energy […]

Seven arrested for alleged oil bunkering

  The Nigeria Security and Civil Defence Corps (NSCDC) has arrested seven suspects over alleged illegal oil bunkering and adulteration of crude oil worth over N10 million in Calabar, Cross River. Stephen Lar, Commandant of NSCDC in the state, disclosed this while addressing reporters in Calabar South on Wednesday. He disclosed that the command had […]

‘Unstable’ OPEC nations; Nigeria and Libya may decide if oil hits a $100 a barrel

Two OPEC members could soon determine whether oil prices spike back towards $100 a barrel — and those countries are not Saudi Arabia and Iran.   With U.S. sanctions choking off Iran’s exports and Saudi Arabia hiking output to fill the gap, it’s crucial for other major producers to keep crude flowing in the coming […]

Employers driving NUPENG into extinction, Apkoreha cries out

  FEW days ago, Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, in Lagos, unveiled a logo and activities to mark its 40th anniversary celebration.   UThe anniversary coming up in December is with theme: “NUPENG yesterday, Today and Tomorrow.”   During the unveiling before a cross section of senior journalists, the union  intimated […]

Nigeria electrifies other countries while it remains in darkness – NCDMB boss

  While Nigeria remains in darkness, the country however sells to other countries, an average of 22 million metric tons per annum (mtpa) of liquefied natural gas (LNG) to provide electricity that powers their homes and industries, the Executive Secretary of the Nigerian Content Development Management Board (NCDMB), Mr. Simbi Wabote, has disclosed.   Wabote, […]

Nigerian Energy Tycoon Kola Karim Acquires 51% Stake In EPC Company

  Shoreline Energy International, an industrial conglomerate owned by Nigerian tycoon Kola Karim, has acquired a 51% stake in Entrepose DBN, a leading provider of construction and mechanical services to IOCs, NOCs and junior oil companies in Nigeria.     According to a press release issued by Entrepose, the transaction will help accelerate the development […]

Logistics problem impeding export of solid minerals—NEXIM Bank boss

  Managing Director/Chief Executive Officer, Nigeria Export Import Bank (NEXIM), Mr. Abba Bello was part of the Nigeria delegates to the recently concluded annual meetings of the International Monetary Fund/World Bank Group meeting in Bali, Indonesia. In this interview held on the sidelines of the meeting, he spoke on efforts of NEXIM to address challenges […]

Nigeria LNG prize for science, literature winners named

  Peter Ngene, Soji Cole and Prof. Isidore Diala on Friday night emerged winners of the 2018 Nigeria Prize for Science, Literature and Literary Criticism respectively. The News Agency of Nigeria (NAN) reports that the Nigeria Prize for Science, Literary Criticism and Literature is sponsored by Nigeria LNG Limited. Ayo Banjo, Chairman of the Advisory […]