Articles Posted in the " Electricity, Oil and Gas " Category

  • Shell investigates oil spill at Forcados terminal

    Okafor Ofiebor/Port Harcourt The Shell Petroleum Development Company of Nigeria Ltd (SPDC) is investigating the source of a crude oil spill which was observed on water around Forcados Terminal on Sunday February 14,2016. Media Relations Manager of SPDC, Mr Precious Okolobo said in a press release that the initial investigation will enable the company to […] Post from PM News


  • 30 ships laden with petroleum products, food items, to arrive Lagos

    Thirty ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island Ports in Lagos from Feb. 15 to Feb. 24. The Nigerian Ports Authority (NPA) stated this in its publication – `Shipping Position’, – a copy of which was made available to the News Agency of Nigeria […] Post from PM News


  • Transportation Ministry to partner RTEAN, says Amaechi

    The Minister of Transportation, Rotimi Amaechi, says the ministry will partner with Road Transport Employers Association of Nigeria (RTEAN) on how to improve the inadequacy of roads in the sector. The minister said this on Monday at the launching of the Biometric Registration and Identification System Scheme of RTEAN in Abuja. Amaechi, who was represented […] Post from PM News


  • NASS committed to completing legislative institute – Saraki

    saraki Leadership of the National Assembly on Monday pledged to ensure that construction of multi-billion Naira National Institute of Legislative Studies (NILS) complex was completed. The Senate President, Bukola Saraki and the Speaker, House of Representatives, Yakubu Dogara, on Monday pledged to complete the construction of the multi-billion naira. Speaking after inspecting the project, located […] Post from PM News


  • OPEC members increasingly keen to end oil surplus – Kachikwu

    The mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout, Nigeria’s oil minister told Reuters. Oil prices have slumped by more than 70 percent to near $30 a barrel over the […] Post from PM News


  • Boko Haram fighters trained in Somalia – President Mohamud

    Fighters for the Nigerian Islamist militant group Boko Haram have been trained in Somalia on Africa’s eastern coast before returning to West Africa, Somalia’s president told a security conference in Germany on Sunday. Somalia, plagued by political in-fighting, corruption and attacks by al Shabaab insurgents, has recently made limited progress towards creating a functioning political […] Post from PM News


  • No offers for Nigeria’s crude

    Offers for Nigerian crude oil dipped on Friday as a high proportion of oil for March export remained unsold and sellers looked ahead to the release of the April programme from next week. However, activity remained thin, with buyers standing back in the expectation that differentials will fall further due to ample supply of crude […] Post from PM News


  • Cabal of Corruption in Buhari’s oil ministry, Kaduna IPMAN alleges

    Femi Adi/Kaduna There is a cabal of corruption working at the Nigerian National Petroleum Corporation and its affiliate, Petroleum Product Marketing Company, PPMC, two government companies under the supervision of President Muhammadu Buhari,as minister of petroleum. Kaduna Chapter of Independent Petroleum Products Marketers Association of Nigeria made the sensational allegation today blaming the cabal for […] Post from PM News


  • Oil benchmark to stabilise by April – NNPC

    The Nigerian National Petroleum Corporation (NNPC), said 38 dollars per barrel oil benchmark is feasible by April as projections suggest that prices will go above the benchmark then. The Group Executive Director, Finance, NNPC, Isiaka Abdulrazak, stated this while briefing the Senate Committee on Finance in Abuja on Tuesday. He said based on projections derived […] Post from PM News


  • Nnamdi Kanu: FG seeks court protection for witnesses

    The Federal Government on Tuesday asked a Federal High Court sitting in Abuja to allow the trial of Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB) to be done out of public glare. Mohammed Diri, the prosecution counsel filed an application filed before the Court presided over by Justice James Tsoho asking for […] Post from PM News