Energy

News : Energy

More oil blocks may be revoked following moves being made by the House of Representatives Ad Hoc Committee investigating the Nigerian National Petroleum Corporation (NNPC), its subsidiaries and the Department of Petroleum Resources (DPR). (AllAfrica)

The House of Representatives Committee on Power and Steel which probed the expenses in the Power Sector may have indicted a former minister of Power and Steel over the handling of projects in the sector. (AllAfrica)

The House of Representatives Committee on Power and Steel that investigated the alleged $16bn expenditure in the power sector is billed to submit its report today amidst protest by some committee members. (AllAfrica)

An international cartel of crude oil smugglers is sponsoring militant activities in the Niger Delta, President Umaru Musa Yar'adua said yesterday in Japan and called for an international clampdown on oil bunkerers. (AllAfrica)

The Federal Government would soon send a proposal to the United Nations for decisive action to be taken by the international community to clampdown on illicit trade in stolen crude oil. (AllAfrica)

Nigeria's energy crisis may further worsen as indications have emerged that the price of diesel - on which the economy is heavily dependent - may soon hit N200 per litre. (AllAfrica)

African leaders attending the 34th Group of Eight(G8) Summit, including Nigeria's President Umaru Musa Yar'Adua , were yesterday unanimous in their condemnation of the events in Zimbabwe . (AllAfrica)

If there is one desire Nigerians want the Yar'Adua-led government to urgently tackle, it is the issue of regular electricity supply in the country. For months now, the total megawatts available for the entire country have been hovering just about 1,000 Mega watts. This, to say the least, is dismal. That it has brought the economic sector of the nation to her knees is an understatement. The burning expectation therefore, from Nigerians, is how very quickly, the government can spare us this prolonged plague. (AllAfrica)

THE National Energy Regulator of SA (Nersa) has provisionally determined that the special regulatory dispensation for Sasol's Mozambique-SA gas programme will be over nine years. (AllAfrica)

THE Federal government is to present a proposal to the United Nations for actions to be taken by the international community against activities of traders in stolen crude oil. (AllAfrica)

Nigeria has lost a total sum of $150 billion as a result of gas flaring between 1970 and 2006, the Nigerian Gas Association has said. (AllAfrica)

Despite an all time increase in the world oil prices, Nigeria has lost 30% projected revenue for the 2008 budget because of the Niger Delta crisis, President Umaru Musa Yar'adua said at a conference in Abuja aimed at raising funds to finance key development programmes. (AllAfrica)

The UK based Observer newspaper reports that oil giant Royal Dutch Shell is considering pulling out of Zimbabwe. The company holds shares in a joint venture with rival BP, which supplies 74 petrol stations around Zimbabwe. (AllAfrica)

Zesco limited and Egypt based El Sewedy Electrical Supplies group have jointly embarked on an ambitious multi-billion Kwacha infrastructure development programme. (AllAfrica)

THE Government has asked Oil Marketing Companies (OMCs) to import 21,000 tonnes of fuel to beef up the current stocks after Indeni Petroleum Refinery exhausted its crude oil. (AllAfrica)

OIL producing communities in the Niger Delta region have been urged to form registered foundations in order to benefit from a N59.2-billion fund set aside by the European Union (EU) for the development of the area. (AllAfrica)

The Uganda National Bureau of Standards' (UNBS) budget has increased to sh7.8 Billion this financial year from sh3. Billion in 2006/07. Ricks Kayizzi talked to Dr. Terry Kahuma, the executive director (AllAfrica)

THE Japanese government plans to construct a 118km electricity line worth sh6.5 Billion in Masaka, Kibaale and Hoima districts. (AllAfrica)

PADER and Abim districts have formed the Pader-Abim Rural Electrification Cooperative Society to generate and distribute power to 1,606 people. (AllAfrica)

The latest petrol and diesel price hikes, which came into effect this morning, will also bring more burdens to those who do not even own vehicles. (AllAfrica)

The French industrial giant 'Alstom' has announced the signing as of July 2008 of a contract with the Tunisian gas and electricity company (STEG), for the building of a totally integrated electricity power plant in Ghannouch, Gabès; the plant which will be endowed with a combined cycle, will have a capacity of 400MW. (AllAfrica)

A Federal Government's Committee set up to investigate the proposed construction of an undersea petroleum products pipeline system from the Porto Novo Creek to the Ibru Jetty, yesterday submitted its report, opposing the project on the grounds that it would have negative environmental consequences for the country. (AllAfrica)

Horizon Plantation Plc, a newly established company by Sheikh Mohammad Hussein Al Amoudi, will secure the 100, 000hct of land it requested for its planned bio-fuel development. (AllAfrica)

Federal government will by 2009 raise the prices of petroleum products in the local market by over 100 per cent to match the export value and landing cost of the import cargoes. (AllAfrica)

IN an effort to achieve maximum utilisation of natural gas, the Federal Government has announced the commencement of moves to help it separate gas business from oil as well as identify strategies for success and appropriate policies to help drive the sector. (AllAfrica)

SYLVERIUS Okoli is the Chairman of the Depot and Petroleum Products Marketers Association (DAPMA). A product of Department of Civil Engineering from the Ahmadu Bello University, Zaria in 1964. Engr Okoli started his career in the Nigerian Railways. (AllAfrica)

EVEN as the out come of an audit report is awaited, Federal Government has said the establishment of the committee to investigate claims of impropriety in the conduct of the 2007 oil and gas bid round has not uncovered any impropriety on the part of the Director, Department of Petroleum Resources (DPR), neither has there been any indictments. (AllAfrica)

A Majority of southern African countries are still using leaded petrol after expiry of the agreed deadline to use more environmentally friendly fuels by the beginning of 2006. (AllAfrica)

Prices of Kerosene yesterday increased to N200 per litre at the black market with a four litre gallon selling at N800. (AllAfrica)

The perennial power supply crisis plaguing Nigeria almost assumed disastrous proportions last Tuesday when the Murtala Muhammed Airport in Lagos was plunged into total darkness. (AllAfrica)

Anglo-Dutch oil giant, Shell Petroleum Development Company (SPDC), has denied getting any directive from the Federal Government to leave Ogoniland. (AllAfrica)