P.M. NEWS Nigeria » Electricity, Oil and Gas http://www.pmnewsnigeria.com First with Nigeria News - Nigerian leading evening Newspaper - Sat, 13 Sep 2014 20:55:40 +0000 en-US hourly 1 http://wordpress.org/?v=4.0 ENI boss questioned for corruption in Nigeria http://www.pmnewsnigeria.com/2014/09/13/eni-boss-questioned-for-corruption-in-nigeria/ http://www.pmnewsnigeria.com/2014/09/13/eni-boss-questioned-for-corruption-in-nigeria/#comments Sat, 13 Sep 2014 00:13:54 +0000 http://www.pmnewsnigeria.com/?p=211467 Claudio Descalzi

Claudio Descalzi

Claudio Descalzi, chief executive officer of the Italian oil and natural gas company Eni since May 2014 is under investigation over international corruption allegations.

Descalzi is facing questions about a large Nigerian oil deal.

The company said in a statement that “it is cooperating with the Milan prosecutor’s office” and that it “continues to deny any illegal conduct”.

Shares in the company were down 2 per cent in afternoon trading.

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Elumelu Leads Experts To Address Power Challenges http://www.pmnewsnigeria.com/2014/09/12/elumelu-leads-experts-to-address-power-challenges/ http://www.pmnewsnigeria.com/2014/09/12/elumelu-leads-experts-to-address-power-challenges/#comments Fri, 12 Sep 2014 09:08:41 +0000 http://www.pmnewsnigeria.com/?p=211289 Tony Elumelu

Tony Elumelu

Renown business leader and investment guru Tony Elumelu is heading up a high-level list of power experts who will address this year’s West African Power Industry Convention (WAPIC) schedule for 18-19 November in Lagos.
Mr Elumelu is the chairman of Heirs Holdings that operates businesses in Africa’s financial services, oil and gas, power, real estate, hospitality, healthcare and agribusiness sectors in 20 countries. Its interests in the power sector include Transcorp Ughelli Power, a gas-fired, thermal power generating plant which was acquired under the privatisation of Nigeria’s power sector.

During the 11th edition of the long running conference and expo, WAPIC will gather government, utilities, consultants and investors to discuss the challenges of local markets, capacity building and investment.

Speaking about the conference , WAPIC’s Programme Director Irene Ochem said: “As organisers of WAPIC we are thrilled to hear Mr Elumelu’s message to the power industry in November. This sector offers enormous opportunities to stakeholders across the board and needs a dynamic, astute and respected businessman such as Mr Elumelu to share his vision for the industry.”

According to Irene Ochem, this year’s WAPIC programme is about unveiling comprehensive strategies for enhanced electrification throughout the region.

” We are addressing such current challenges as the lack of effective financing structures for power projects and infrastructure, insufficient gas to power generation, regulatory and capacity-building issues, exploiting alternative and renewable energy resources, rural electrification and energy efficiency,” she said.

Speaking further, she said: “The pre-conference workshops will focus on renewable trends for the West African power sector and during the Metering, Billing & CRM tract, amongst other things, we will be proffering solutions for closing the huge metering gap, protecting and increasing the revenue generated from the electricity market in the post-privatisation Nigeria.”

The WAPIC expo floor according to Ochem will showcase the latest technologies and services for the industry while the free technical workshop programme will offer practical solutions, lessons learnt from case studies and problem-solving mechanisms to assist power companies and utilities in improving their efficiency and productivity.

She hinted that the site visit programme will give WAPIC delegates the unique opportunity to visit two successful projects in Lagos, the Island Power Project as well as the new city of Eko Atlantic, an impressive urban development project.

This year also sees the launch of the West African Power Industry Awards during a five-star gala event at the conference.

“To celebrate the success and the loyalty of our event participants during the past 11 years, we are proud to launch the awards,recognising excellence within the power sector and rewarding companies and individuals who have made a significant contribution to the industry,” she said.

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Africa set for an oil and gas boom http://www.pmnewsnigeria.com/2014/09/03/africa-set-for-an-oil-and-gas-boom/ http://www.pmnewsnigeria.com/2014/09/03/africa-set-for-an-oil-and-gas-boom/#comments Wed, 03 Sep 2014 18:05:43 +0000 http://www.pmnewsnigeria.com/?p=209991 Oil and Gas

Africa’s energy industry could boom in the coming years, with Mozambique and Tanzania set to emerge as new frontiers if they can attract enough badly needed investment, a report said Wednesday.

Six of the top 10 global discoveries in 2013 were made in Africa, with more than 500 companies now exploring across to the continent, according to a study by PriceWaterhouseCoopers.

Large gas finds in Mozambique and Tanzania would make the world “take note of east Africa as an emerging player in the global industry,” said the report’s advisory leader, Chris Bredenhann.

The boom has brought investment opportunities, despite the lingering challenges of corruption, lack of infrastructure and regulation.

Transactions worth some $1 billion (760 million euros) occurred every 17 days in Africa’s oil and sector last year, the report said.

Still, the continent faces fierce competition for vital investment from other parts of the world, the PWC report cautioned.

“A huge obstacle to growth in Tanzania and Mozambique is the cost of the infrastructure required, which neither country can afford without help from foreign investors,” it said.

Nearly nine million barrels of crude were produced every day in 2013, more than 80 percent of which came from established players such as Nigeria, Libya, Algeria, Egypt and Angola.

In gas that is even more concentrated, with nine tenths of annual natural gas production of 6.5 trillion cubic feet coming from Nigeria, Libya, Algeria and Egypt.

Still, Mozambique could become a major player in the Asian market on a par with Australia, the United States and Papua New Guinea when it starts exporting gas, expected in 2020, the report said.

Already majors such as Eni, Chevron and BP have invested in its gas fields, some of the largest discovered in the past decade.

Demand for oil in Africa was also expected to “rise significantly” over the next 20 years, driven by population growth, urbanisation and the emergence of a middle class, the report said.

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Marketers accuse IPMAN of creating kerosene scarcity in S/West http://www.pmnewsnigeria.com/2014/09/03/marketers-accuse-ipman-of-creating-kerosene-scarcity-in-swest/ http://www.pmnewsnigeria.com/2014/09/03/marketers-accuse-ipman-of-creating-kerosene-scarcity-in-swest/#comments Wed, 03 Sep 2014 07:13:11 +0000 http://www.pmnewsnigeria.com/?p=209839 Abiodun Onafuye/Abeokuta

Kerosene Queue

Kerosene Queue

The internal crisis rocking the Independent Petroleum Marketers Association of Nigeria, IPMAN, Mosinmi, Sagamu in Ogun state, southwest, Nigeria on Tuesday took a new dimension as cross-section of petroleum marketers accused the immediate past leaders of creating scarcity in the supply of kerosene to the South west region of the country.

The marketers opined that the lack of sincerity and transparency led to the new election of leaders, which was conducted on Tuesday in Abeokuta, the state capital.

Among those who spoke with newsmen at the triennial delegate conference of the association, included the Zonal Acting Secretary, Prince Wole Akinyooye, Chief (Mrs) Janet Gbadebo, Chief Uchechukwu and Alhaji Lawal Luwad. They said as leader in the association, they could not wait any longer to see masses suffer in the hands of few cabal at Mosinmi Depot in Sagamu of the Nigerian National Petroleum Corporation (NNPC).

“We can say it without mincing words that the immediate past leadership contributed in no small measure to the scarcity of kerosene in South west,” Akinyooye said.

Mrs. Gbadebo noted that contrary to what the public is made to believe, “the cabal at Mosinmi depot had failed to distribute kerosene evenly to members. In fact, they resorted to using our names to get supply from the Federal Government, yet, they hoard it for themselves and begin to sale at N120 after buying from government at N40 per litre,” she revealed.

The new Chairman of the association, Arch. Adeleke Bada assured that his leadership would be transparent and accountable to the members.

“My leadership will be accountable and transparent in discharging our affairs and particularly ensured that all members get their due in supply of petroleum products for the region.

“We have gone through hell in the hands of immediate past leadership, but we thank God, as you can see the turnout today, that people really need change and we shall not disappoint,” Bada said.

Among those who witnessed the election was the IPMAN National Treasurer, Barr. Dibu Aderibigbe, Mr. Deji Lotto and Dr. Adewoyin, the Zonal Vice Chairman. Mosinmi depot covers Ibadan, Akure, Ilorin, Ore (Benin), and Apapa in Lagos.

The 12 man executives elected today are; Alhaji Fatai Soewu (DEBASH) Vice-Chairman, Otunba Niyi Oshiyemi (FAO) Secretary, Prince Kehinde Gbadebo (MSJ Gbadebo) Asst. Secretary, Alhaji Lookman Akinlade (A-FOUR) Treasurer and Alhaji Bola Sanusi (Onward) as the Financial Secretary.

Others are; Atu Okechukwu (ASTOK) Auditor, Alhaji Lookman Onabanjo (BUGON) Legal Adviser, Paul Akintan (JOARS LINK) Organizing Secretary, Hon. Fatai Adekunbi (P.R.O), Bola Omolaja (JOSSY ADEOLU) Welfare Officer 1, Yinka Otufowora (BONKA) Welfare Officer II and Alhaji Tajudeen Anikulapo (ANIKULAPO) Chief Whip.

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NNPC constitutes committee on Ajaokuta-Kaduna-Kano gas pipeline http://www.pmnewsnigeria.com/2014/09/02/nnpc-constitutes-committee-on-ajaokuta-kaduna-kano-gas-pipeline/ http://www.pmnewsnigeria.com/2014/09/02/nnpc-constitutes-committee-on-ajaokuta-kaduna-kano-gas-pipeline/#comments Tue, 02 Sep 2014 07:28:33 +0000 http://www.pmnewsnigeria.com/?p=209716 Ohi Alegbe, Group General Manager, Group Public Affairs Department, NNPC

Ohi Alegbe, Group General Manager, Group Public Affairs Department, NNPC

The Nigerian National Petroleum Corporation (NNPC) on Monday said it had constituted a steering committee to facilitate the construction of Ajaokuta-Kaduna-Kano (AKK) gas pipeline.

This is contained in a statement issued in Abuja by Ohi Alegbe, Group General Manager, Group Public Affairs Department, NNPC.

The statement said that the “AKK Gas Pipeline Project Steering Committee” was constituted with the mandate of ensuring efficient and accelerated actualization of the task in line with President Goodluck Jonathan’s “gas revolution agenda”.

It stated that the project was approved under the National Gas Master Plan by the Federal Executive Council and was designed to transport gas for power and manufacturing industry usage to the key northern axis.

The corporation described the project as one of the “cardinal programmes” of the transformation agenda of the Jonathan’s administration.

It also said that progress was being made in the execution of the “adjoining OB3 gas pipeline project as well as the looping of the Escravos Lagos Pipeline System (ELPS).”

It, however, noted that the implementation of the AKK project was slow and out of sync with government’s desire for accelerated implementation.

“In order to strengthen this critical project and have it re-focused for accelerated implementation, there is the compelling need for the establishment of a dedicated AKK Project Steering Team with clear governance structure,” it said.

It disclosed that the project’s steering committee comprised NNPC Group Managing Director as chairman, with the Group Executive Directors of Gas and Power, Exploration and Production as well as Commercial and Investment as members.

The corporation explained that the committee would be responsible for providing general guidance and direction for the project, grant approval for business models, equity participation, budgets, and contracting strategy.

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Electricity: Minister woos Chinese investors http://www.pmnewsnigeria.com/2014/09/02/electricity-minister-woos-chinese-investors/ http://www.pmnewsnigeria.com/2014/09/02/electricity-minister-woos-chinese-investors/#comments Tue, 02 Sep 2014 07:09:44 +0000 http://www.pmnewsnigeria.com/?p=209717 Alhaji Mohammed Wakil

Alhaji Mohammed Wakil

The Minister of State for Power, Alhaji Mohammed Wakil, has said that the transmission sub-sector of Nigeria’s power sector was opened to investment under Public-Private-Partnership model.

This was contained in a statement by Olawale Rasheed, Special Assistant on Media to the minister on Monday in Abuja.

The statement said that Wakil stated this at a meeting with top power sector stakeholders and investors in China.

The minister, according to the statement, assured investors in the Nigerian power sector of adequate returns and safety of their investments.

“I urge you all to participate in the planned transmission project expansion in Nigeria. The government of Nigeria is working out participation of private sector in the transmission sub-sector under a public-private-partnership.

“This has worked so well in other sectors of our economy”, the statement quoted him as saying.

Wakil, who was also at Huawei Company Headquarters in Shenghen, said that the potential for profitable investment in Nigeria was very high.

He described the opportunities in the transmission and renewable energy sector as “very attractive and sustainable”.

“In the renewable sector, we are opened to both Independent Power Producers and participants in the private-public-partnership.

“Whichever area you prefer, you cannot regret investing your money in our dear country,” he said.

He urged the Chinese companies to retain high standard of job delivery comparable to the projects they executed in their home country, stressing that investors in Nigeria needed to maintain high level of efficiency and standard.

“Specifically, after seeing the great wonders of the seven Gorges Dams, I call on the Chinese firm handling the Mambilla hydro projects to deliver a project as standard as the Gorges dam.

“We want high quality job to be done in this very important hydro project. Mambilla is key to us because it is a project too long on the drawing board.

“Our President is breaking the jinx on both Mabilla and Zungeru, hence the need for the job to be well done. For the North East, Mambilla holds great promise for enhanced power supply and job creation,” Wakil stated.

Receiving the minister, a representative of the management of TBEA, one of the firms visited, Mr Jun Ye, said that his company was ready to collaborate with Nigeria for the successful conclusion of its power sector reform.

Ye said that the reform as progressing successfully and restated that his firm is eager to be part of Nigerian success story.

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FG moves to ensure improved electricity supply http://www.pmnewsnigeria.com/2014/08/30/fg-moves-to-ensure-improved-electricity-supply/ http://www.pmnewsnigeria.com/2014/08/30/fg-moves-to-ensure-improved-electricity-supply/#comments Sat, 30 Aug 2014 12:50:23 +0000 http://www.pmnewsnigeria.com/?p=209440 Minister of Power, Prof Chinedu Nebo

Minister of Power, Prof Chinedu Nebo

The Federal Government said on Friday it would ensure that it paid the bills of electricity generating companies as part of efforts to improve power supply.

The Minister of Power, Prof. Chinedu Nebo, disclosed this to State House correspondents in Abuja at the end of a closed door meeting on power, held at the Presidential Villa and chaired by Vice President Namadi Sambo.

Nebo said that other issues in the electricity value chain were being addressed and expressed the hope that stability in power supply across the country would improve by October.

“The generation companies have been complaining that they need to have all their bills paid.

“The good thing about this is that arrangements are being made to make sure that all the generation companies get their money as and when due.

“We are working on that. That was part of the meeting that was chaired by Mr Vice President. The next thing is how far we have gone with the issue of even settling the gas question. The gas question has remained for quite a while.

“But thankfully, the Minister of Petroleum Resources and I, the central bank governor and chairman of NERC (Nigeria Electricity Regulatory Commission) met many times to address those issues.

“And that eventually ended in finding resources to take care of the indebtedness of the generation companies to the gas companies.

“So, once we take care of the backlog, we’ll insist that the gas companies will eventually produce more gas,” he said.

The minister said the efforts had paid off with better power supply across the country in the past one week following improved gas supply.

“The cheering news from all of these is that if you have noticed throughout the country in the past one week people have been getting much better power supply. The gas is now beginning to come back and it’s something that gives all of us a lot of joy.

“And we know that it will continue to grow that way even until December. Now some of the facilities, maintenance, repair works on the gas equipment and so on, the gas producers have come to a place where almost all of these is being taken care of.

“So, first, I would say we rejoice that for the first time in a long time we have been averaging over 4,500 mw when we include nearly 300 mw of spilling reserve, which is always put there to make sure that the reliability and stability of the grid is ensured at all times.

“We are really moving forward; it may not be as rapidly as Nigerians expect, but it is important to let everybody know that indeed we are advancing, we are making progress and we will continue to make progress.”

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Shell Sells Nigeria Oil Fields http://www.pmnewsnigeria.com/2014/08/28/shell-sells-nigeria-oil-fields/ http://www.pmnewsnigeria.com/2014/08/28/shell-sells-nigeria-oil-fields/#comments Thu, 28 Aug 2014 12:39:39 +0000 http://www.pmnewsnigeria.com/?p=209069 Royal Dutch Shell has sold some of four oil fields up for grabs in Nigeria, it said on Wednesday, as the oil and gas company pushes ahead with global asset sales to cut costs.

Shell last year put up for sale its 30 percent shares in four oil blocks in the Niger Delta — Oil Mining Licence (OML) 18, 24, 25, 29 — as well as a key pipeline, the Nembe Creek Trunk Line.

“We have signed sales & purchase agreements for some of the Oil Mining Leases, but not all that we are seeking to divest,” a Shell spokesman said.

No details were available on the value of the deals signed, nor when the full process will be completed.

France’s Total and Italy’s Eni are also set to raise revenue from the sale of their 10 percent and 5 percent shares in the assets. The Nigerian National Petroleum Corporation (NNPC) owns the remaining 55 percent.

The Financial Times on Wednesday reported that Shell is close to selling the assets for about $5 billion to domestic buyers.

In March, Reuters reported that Nigerian firms Taleveras and Aiteo made the highest bid of $2.85 billion for the biggest of the four oil fields, OML 29.

Shell, along with many other oil majors, is undergoing a broad process of asset sales across the world in an effort to cut costs and boost profits.

Other companies, including Total, Eni, Chevron and ConocoPhillips have sought to pull out of the oil-rich West African country which has been plagued by oil theft.

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Electricity company decries equipment vandalism in Bayelsa http://www.pmnewsnigeria.com/2014/08/24/electricity-company-decries-equipment-vandalism-in-bayelsa/ http://www.pmnewsnigeria.com/2014/08/24/electricity-company-decries-equipment-vandalism-in-bayelsa/#comments Sun, 24 Aug 2014 13:54:54 +0000 http://www.pmnewsnigeria.com/?p=208473 Port Harcourt Electricity Distribution Company

The Port Harcourt Electricity Distribution Company (PHEDC) said on Sunday that the vandalism of its equipment in Yenagoa, Bayelsa capital, was affecting its operation.

The Public Affairs Manager of PHEDC, John Onyi, told NAN in Yenagoa that 10 of its 200kva and 250kva transformers were vandalised in the city in recent months.

He said the transformers were located in Gwegwe St., Ebis Mechanic Road, Ministry of Tourism, Bossy-Water-Tombia Road, Mgbongbon Plaza, Opolo Housing Estate and Sani Abacha Expressway.

Onyi also disclosed that the company was faced with the challenge of non-payment of electricity bills by consumers.

He said the business unit had recorded about 65 per cent loss of revenue in the state since it started operation in November, 2013.

According to him, only 2,585 of the 12,350 registered customers in the state capital paid their electricity bills for the month of July.

He further decried the harassment of the company’s field workers by some consumers, noting that the company could not remain in business if consumers refused to settle their bills.

Onyi therefore appealed to the residents to desist from such acts as the company was working hard to improve on power supply in the state.

He also appealed to the residents to protect electricity installations in their areas and report any suspicious movement of persons around such installations to law enforcement agents.

The spokesman said that the company had improved on its operation in the state in spite of the challenges.

“The Yenagoa business unit admits that the expected 24-hour uninterrupted power supply has not been achieved yet.

“But Yenagoa receives between 34 and 50 megawatts of electricity out of the load demand of 60 megawatts, which translates into 13 to 19 hours power supply on a daily basis.

“What the business unit receives from the national grid is not enough and this has necessitated load shedding in the city.”

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Gas shortage hindering effective power supply http://www.pmnewsnigeria.com/2014/08/20/gas-shortage-hindering-effective-power-supply/ http://www.pmnewsnigeria.com/2014/08/20/gas-shortage-hindering-effective-power-supply/#comments Wed, 20 Aug 2014 15:01:27 +0000 http://www.pmnewsnigeria.com/?p=207883 Port Harcourt Refinery

Port Harcourt Refinery

The Independent Petroleum Marketers Association of Nigeria (IPMAN) said that sustained shortage of gas had remained a major threat to sustainable electricity power supply in the country.

The National President of IPMAN, Chinedu Okoronkwo, made the assertion in an interview with NAN in Lagos.

Okoronkwo said that power privatisation in the country would have yielded positive results if the various power plants had adequate gas supply.

He, however, said that in spite of the gas challenge, some areas in the country had started enjoying 18-hour uninterrupted power supply.

He noted that new investments in the power sector, including procurement of equipment by the investors and upgrade of infrastructure were contributing to the improved power supply in parts of the country.

Okoronkwo appealed for the passage of the Petroleum Industry Bill (PIB) in its original context to open up the oil and gas sector so that jobs would be created to mitigate the country’s growing unemployment.

“I appeal to the relevant stakeholders and credible organisations like NUPENG, IPMAN and Petroleum Trust Development Fund to prevail on the National Assembly to the pass the Bill with clear separation of policy formulation, regulation and operation roles.

“When the oil and gas sectors are opened up, jobs will be created to take care of the teeming unemployed population,” he said.

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Nigeria Unveils Aircraft To Fight Oil Thieves http://www.pmnewsnigeria.com/2014/08/20/nigeria-unveils-aircraft-to-fight-oil-thieves/ http://www.pmnewsnigeria.com/2014/08/20/nigeria-unveils-aircraft-to-fight-oil-thieves/#comments Wed, 20 Aug 2014 12:52:36 +0000 http://www.pmnewsnigeria.com/?p=207850 Nigeria’s military on Tuesday took the wraps off a new aircraft to tackle oil thieves high-seas pirates off the country’s coast, as well as maritime hijackers.

AFP reports that the high-tech plane is one of seven to be operated by the state-run Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Air Force.

It includes sensors, radar and Electro-Optic Surveillance and Tracking (EOST) equipment, which houses three cameras to monitor ships in Nigerian waters, said Sergeant Sunday Olalekan Omotosho.

“When fully operational, no vessel can escape our coverage,” he told reporters before a demonstration flight from Lagos to Escravos in the Niger Delta and over offshore platforms in the oil-producing southeast.

The 20-seat plane can fly as low as 200 feet (60 metres) above the sea and passes on information about maritime traffic to the navy, who can intervene with fast-attack craft if necessary, he added.

“Our aim is to fight all manner of maritime crimes in the country. With this aircraft, we can spot any vessel hundreds of kilometres (miles) away,” said Air Group Captain Enobong Eneh Effiom.

The aircraft is inscribed with the words: “Vigilance over the ocean.”

Piracy off the western coast of Africa has been rising in recent years, with attackers targeting ships playing a key role in the region’s thriving oil industry.

Early this month, global maritime watchdog the International Maritime Bureau said West African piracy made up 19 percent of attacks worldwide last year.

Nigerian pirates accounted for 31 of the region’s 51 attacks — the most since 2008.

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Power privatisation yielding positive results – BPE http://www.pmnewsnigeria.com/2014/08/16/power-privatisation-yielding-positive-results-bpe/ http://www.pmnewsnigeria.com/2014/08/16/power-privatisation-yielding-positive-results-bpe/#comments Sat, 16 Aug 2014 13:00:55 +0000 http://www.pmnewsnigeria.com/?p=207312 Director General BPE, Benjamin Dikki

Director General BPE, Benjamin Dikki

The Director-General, Bureau of Public Enterprises (BPE), Benjamin Dikki, said power privatisation in the country had started yielding results with 18-hour uninterrupted power supply to consumers in Lagos.

This was contained in a statement by BPE’s Head of Public Communications, Mr Chigbo Anichebe, on Friday in Abuja.

The statement said that Dikki made the disclosure when members of Abuja Chamber of Commerce, Industry, Mines and Agriculture (ABUCCIMA) visited the Bureau.

Dikki, it said, however stated that power supply around the country would have improved but for the shortage in gas supply to power generating plants.

He said that the new power owners had invested heavily to upgrade infrastructure so as to give Nigerians steady and uninterrupted power supply but restated that steady gas supply had remained an impediment.

While appealing to Nigerians to be patient with the new owners of the power assets, he said that the Federal Government was doing everything possible to solve the gas challenge.

He pointed out that the establishment of Nigerian Electricity Regulatory Commission (NERC), Debt Management Office (DMO) and National Pension Commission (PENCOM) represented government’s resolve to reform the economy.

The director-general affirmed that BPE would take advantage of platforms provided by credible organisations like ABUCCIMA to showcase its achievements.

According to him, the pension reform, for instance, has attracted over N4.2 trillion into the financial system which could be quadrupled in the next few years.

He appealed for the passage of the Petroleum Industry Bill (PIB) to open up the oil and gas sectors for job creation.

“I appeal to organisations like ABUCCIMA to prevail on the National Assembly to the pass the PIB with clear separation of the role of policy formulation, regulation and operation.

“This will open up the oil and gas sectors so that jobs will be created to take care of the country’s teeming unemployed population,” he said.

The statement said the First Deputy President of ABUCCIMA, Mr Tony Ejinkeonye, assured that the chamber would partner BPE to showcase its activities during the upcoming 9th Abuja Trade Fair.

The trade fair is scheduled to hold from September 23 to 6 October.

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Petroleum Marketers Decry Pipeline Vandalism http://www.pmnewsnigeria.com/2014/08/14/petroleum-marketers-decry-pipeline-vandalism/ http://www.pmnewsnigeria.com/2014/08/14/petroleum-marketers-decry-pipeline-vandalism/#comments Thu, 14 Aug 2014 15:04:44 +0000 http://www.pmnewsnigeria.com/?p=207038 Vandals

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Wednesday expressed worries over continuous petroleum products pipeline vandalism and its attendant negative impact on power supply across the nation.

The Operations Director of IPMAN, Mr. Mike Osatuyi, expressed the association’s concern in an interview in Lagos.
He said the association was disturbed by the spate of pipeline vandalism, adding that sustained communal participation in monitoring the pipelines remained one of the ways to fight the vandals.

Osatuyi said that there was need for the government to engage the services of local security groups in protecting the petroleum products pipelines.

According to him, IPMAN remains committed to the Federal Government’s resolve to fight the menace of pipelines vandalism.

He said the notion that the petroleum pipelines were no longer safe was a major setback to the government’s effort to boost the economy and polity.

The operations director said that IPMAN engaged the services of local security men to compliment government security agencies’ effort in guarding the pipelines.

Osatuyi said that the federal government had taken measures to check vandalism and had spent a lot of money to repair vandalised pipelines.

The Pipelines and Products Marketing Company (PPMC) said it spent more than N1.32 billion on clearing and grading of the Pipelines Right of Way (PROW) between 2011 and 2012.

Available statistics showed that the Eastern operations of Shell Petroleum Development Company of Nigeria (SPDC) suffers an average of six pipelines vandalism per week.

It also indicates that SPDC lost about 300,000 barrels of crude oil per day due to crude oil theft and shut-ins.
Mr. Precious Okolobo, Shell Nigeria’s Corporate Media Relations Manager, revealed on telephone that crude oil theft remained a challenge in the Niger Delta.

Okolobo also said that the volume of crude oil lost daily to theft vary widely. “But the Nigerian government estimates crude oil theft and associated deferred production at over 300,000 barrels of oil per day (bpd) in 2013.

“On the average, around 32,000 bpd were stolen from SPDC JV pipelines and other facilities, while the joint venture lost production of around 174,000 bpd due to shutdowns related to theft and other third-party interference,” he said.

He disclosed further that in 2013, the number of spills from SPDC operations caused by theft and sabotage increased to 157 incidents compared to 137 in 2012.

The SPDC spokesman added that production losses due to crude oil theft, sabotage and related temporary shut-downs increased by 75 per cent.

The company admitted that there were fires on the 28-inch Trans-Niger Pipeline (TNP) at K-Dere and on July 23 at B-Dere, all in Ogoniland.

“JIV (Joint Investigation Visit) established the cause of the two incidents as hacksaw cuts. There was also a leak on the 28-inch TNP at Mogho on July 28, caused by a drilled hole.

“The fires have been extinguished and the leaks repaired. The 28-inch TNP resumed production on July 30,” the Shell spokesman said.

Okolobo said that as the international oil company with the most extensive footprint in the Niger Delta, SPDC remained the worst affected.

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NUPENG threatens strike over alleged anti-labour practices http://www.pmnewsnigeria.com/2014/08/12/nupeng-threatens-strike-over-alleged-anti-labour-practices/ http://www.pmnewsnigeria.com/2014/08/12/nupeng-threatens-strike-over-alleged-anti-labour-practices/#comments Tue, 12 Aug 2014 05:07:43 +0000 http://www.pmnewsnigeria.com/?p=206654 The National Union of Petroleum and Natural Gas Workers (NUPENG) has threatened to shut-down oil and gas operations over alleged anti-labour practices by two oil companies.

The companies are the Nigerian Agip Oil Company (NOAC) and the Onne Oil and Gas Free Trade Zone Authority (OGFTZA).

The union, in a communiqué at the end of its Eastern council meeting in Port Harcourt, on Monday, said that Plantgeria Limited and BK Tubulars, contractors to NOAC and OGFTZA, failed to honour its directive to stop workers’ victimisation.

The union’s Port Harcourt zonal Chairman, Godwin Eruba, said at a news conference that the union would embark on strike if the companies failed to resolve issues raised by the union at the end of 14 days.

“NOAC should as a matter of urgency respect the April and June 2014 letters from NAPIMS directing it to discuss the Stop-Gap contract of Turbines and related equipment maintenance in OB/OB, Ebocha and Kwale with Arco petroleum Limited.

NUPENG

“The refusal of NOAC to obey this directive has posed a great threat to the jobs of our members in Arco who have contributed to the economic growth of this country since the contractor mobilised to site on that contract in 2006.

“The alleged replacement contractor (of Arco), Plantegeria Nigeria Limited, has concluded plans to cut the workforce by 60 per cent and cut the existing collectively-negotiated salaries by 40 per cent.

“Plantegeria also plans to force the (remaining) workers’ to sign a yellow-dog contract denouncing membership of NUPENG or PENGASSAN.”

Eruba said that NOAC should reverse the recently terminated service contracts of workers’ in Lagos, Port Harcourt, OB/OB, Ebocha and Kwale locations.

He said that NOAC sub-contractors had yet to pay salary arrears owed workers ranging from three months to one year in all the locations.

“All the 13 workers whose jobs were terminated in April 2014 by the management of BK Tubulars Nigerian Limited in connivance with the management of OGFTZA in Onne be recalled.

“The state governments, Federal Government, oil majors in the sector and other relevant stakeholders should wade into this matter within 14 days of this resolution or face the prospect of (our) service withdrawal.

The union also called on management of NOAC and Onne OGFTZA to set up a tripartite committee as directed by the Federal Ministry of Labour and Productivity to resolve the issue.

The NUPENG Eastern zone comprises Abia, Akwa Ibom, Anambra, Bayelsa, Delta, Ebonyi, Enugu, Cross River, Imo, and Rivers.

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OPEC trims 2014 oil demand growth forecast http://www.pmnewsnigeria.com/2014/08/08/opec-trims-2014-oil-demand-growth-forecast/ http://www.pmnewsnigeria.com/2014/08/08/opec-trims-2014-oil-demand-growth-forecast/#comments Fri, 08 Aug 2014 14:44:18 +0000 http://www.pmnewsnigeria.com/?p=206120 OPEC

OPEC

The OPEC oil cartel trimmed its 2014 forecast for global oil demand growth on Friday after weaker-than-expected economic growth in rich countries in the second quarter and a “fragile” worldwide recovery.

The Organization for Petroleum Exporting Countries said it now expects demand to grow by 1.10 million barrels per day (mbd) to 91.11 mbd, down from a previous projection of 91.13 mbd.

In its new monthly report OPEC, which pumps a third of the world’s crude, stuck however to its forecast that demand would grow by 1.12 mbd in 2015 to 92.32 mbd.

It kept unchanged its forecasts for global economic growth of 3.1 percent and 3.4 percent for 2014 and 2015 respectively, saying the “slow and uneven recovery” was continuing.

“The current growth forecast accommodates continued fragility in the global growth development,” it said.

This took account of “some uncertainty about the dynamic of US growth, ongoing fragility in the eurozone, Japan aiming for fiscal tightening and also the near-term development in (emerging markets) as well as geo-political developments, will all need close monitoring,” it said.

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No action from Shell, Nigeria on oil pollution report – Amnesty http://www.pmnewsnigeria.com/2014/08/04/no-action-from-shell-nigeria-on-oil-pollution-report-amnesty/ http://www.pmnewsnigeria.com/2014/08/04/no-action-from-shell-nigeria-on-oil-pollution-report-amnesty/#comments Mon, 04 Aug 2014 07:49:16 +0000 http://www.pmnewsnigeria.com/?p=205554 Shell Nigeria MD, Mutiu Sunmonu

Shell Nigeria MD, Mutiu Sunmonu

Nigeria and Shell have done almost nothing to ease oil pollution in the Ogoniland area of the Niger Delta, three years after a landmark United Nations report called for a $1 billion dollar clean-up, Amnesty International said Monday.

Environmental devastation in Ogoniland has for many come to symbolise the tragedy of Nigeria’s vast oil wealth.

Decades of crude production filled the pockets of powerful government officials and generated huge profits for oil majors like Shell, while corruption and spills left the people with nothing but land too polluted for farming or fishing.

Exactly three years ago, a United Nations Environment Programme report said the area may require the world’s biggest-ever clean-up and called on the oil industry and Nigerian government to contribute $1 billion.

“Three years on and the government and Shell have done little more than set up processes that look like action but are just fig leaves for business as usual,” said Godwin Ojo of Friends of the Earth Nigeria, which partnered with Amnesty and three other groups in a new report called “Shell: No Progress”.

Shell has not pumped crude from Ogoniland since 1993, when it was forced to pull out because of unrest.

Two years later, environmental activist Ken Saro Wiwa, who had fiercely criticised Shell’s presence in Ogoniland, was executed by the regime of dictator Sani Abacha, one of the most condemned episodes in the region’s history.

Nigeria returned to civilian rule in 1999 after Abacha’s death, but critics say the governments elected since have done little to improve pollution in the Niger Delta.

“No matter how much evidence emerges of Shell’s bad practice, Shell has so far escaped the necessity to clean up the damage it has caused,” said Audrey Gaughran of Amnesty International.

In April of 2013, Shell staff returned to Ogoniland for the first time in two decades to study how best to decommission their decaying assets in the region.

The company described the move as “a key step” in complying with the UNEP report.

Nigeria is Africa’s largest oil producer, pumping out roughly two million barrels per day.

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FG targets 5000mw of electricity, 370m gas by Dec http://www.pmnewsnigeria.com/2014/08/03/fg-targets-5000mw-of-electricity-370m-gas-by-dec/ http://www.pmnewsnigeria.com/2014/08/03/fg-targets-5000mw-of-electricity-370m-gas-by-dec/#comments Sun, 03 Aug 2014 07:27:57 +0000 http://www.pmnewsnigeria.com/?p=205456 Diezani Alison-Madueke: gets court order restraining National Assembly from probing her

Diezani Alison-Madueke: gets court order restraining National Assembly from probing her

The Federal Government has concluded arrangements to boost gas supply nationwide by 370 million metric cubic feet per day (mcf/d) to generate 5,000 megawatts within five months, officials said on Saturday.

The Minister of Petroleum Resources, Diezani Alison-Maduke announced the plan in Abuja at a joint press briefing with the Ministry of Power and the Central Bank of Nigeria (CBN)

The briefing was attended by Minister of Power, Prof. Chinedu Nebo, CBN Governor, Godwin Emefiele, Nigerian Electricity Regulatory Commission (NERC) Chairman, Dr Sam Amadi and NNPC Group Managing Director, Dr. Joseph Dawha.

Alison-Maduke said the collaborating agencies with Nigerian National Petroleum Corporation (NNPC) was working assiduously to find lasting solution to gas and power problems.

The minister said NERC had approved a new benchmark price of 2.50 dollars per mcf for gas supply, and 0.80 dollars per mcf as transportation cost for new capacity from 2014.

“We have developed additional interventions that will address outstanding issues around gas pricing, fast track additional gas supply development, particularly in the short term.

“It is expected that barring unforeseen developments, these interventions will add at least 370 million mcf/d of gas and assure a generation capacity of at least 5,000 MW within four to five months,” she said.

Alison-Madueke said a review of gas pricing was now being implemented to further reflect market value.

According to her, the Ministry of Petroleum Resources is deliberating with NERC to ensure that the pricing mechanism of gas to power will reflect market value.

“In the short term, it is anticipated that this will quickly boost gas supply and in turn power output.

“In the medium to long term, this new price regime should trigger additional investment in the infrastructure for gas to power.

According to her the benchmark will rise with the United States inflation annually.

The minister said the suppliers needed to be committed to supplying the agreed quantities of gas to generation companies as long as payment terms were met.

She said NERC was concluding the review of the Aggregate Technical Commercial and Collection loses studies submitted by the distribution companies.

The minister said this would be followed up by a review of the revenue requirement for the power sector that would be covered by a revised MYTO (Multi Year Trarrif Order) path.

Alison-Madueke said while the detail tariff was being worked out, NERC had reaffirmed its commitment to ensure cost recovery for all prudent and efficient operators.

She said the CBN was set to clear up the most recent gas related debts of power sector as it was looking at the banking sector led measures to pay off N250 billion debts owed to gas supplier.

“This will be subject to reconciliation efforts and adequate provision for this support in a revised MYTO that ensure repayment within five years.

She noted that the “CBN will play a key role in financial arrangement that guarantee payment for gas supply by the power sector.”

Alison-Madueke said the ministry was targeting a number of gas supply projects that would help cushion the effect of supply shortage in the short-term.

She said these included Utorogu Field expansion with expected impact of 60 million mcf/d, expansion of Oben Gas Plant and drilling of new wells to add 100 million mcf/d

Others include re-entry of Odidi Field and revamping of the processing plant and lowliness to deliver 40 million mcf/d. and hooking up of already drilled oil wells in Pan Ocean’s OPL275 to add 40 million mcf/d.

“Collectively, these projects will add 240 million mcf/d. All these are in advance stages of delivery and progressive impact should be felt steadily from October till year end,” she said

According to her, on the eastern Axis, Nigerian Gas Company is building a six kilometre bypass line to enable alternative supply of 60 million mcf/d to Alaoji in Abia.

This line mitigates slippage in the Northern Option Pipeline line originally planned to supply Alaoji’s requirement for gas is expected to be met by year end.

“In the east, Seven Energy will be delivering 30 million mcf/d in the first instance to Calabar NIPP. It is expected that Gbaran and Omoku Power plants will be completed by end of Q1 2015.

“When this happens it will make available a future mmcf/d of gas to be utilised,” she said.

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Jonathan appoints new GMD for NNPC http://www.pmnewsnigeria.com/2014/08/01/jonathan-appoints-new-gmd-for-nnpc/ http://www.pmnewsnigeria.com/2014/08/01/jonathan-appoints-new-gmd-for-nnpc/#comments Fri, 01 Aug 2014 22:56:56 +0000 http://www.pmnewsnigeria.com/?p=205318 President Goodluck Jonathan

President Goodluck Jonathan

The federal government has approved the appointment of a new Group Managing Director for Nigeria National Petroleum Corporation, NNPC and the Nigerian Petroleum Development Company (NPDC).

In a statement signed by the Special Adviser to the President on Media and Publicity, Dr. Reuben Abati, Dr Joseph Thlama Dawha is the new Group Managing Director of the NNPC while Anthony Ugonna Muoneke is now Managing Director, NPDC.

“The new Group Managing Director of the NNPC, Dr. Dawha hails from Borno state. He has served previously as the Group Executive Director, Exploration and Production, NNPC and Managing Director of Integrated Data Services Ltd (IDSL), a subsidiary of the NNPC.”, Abati’s statement said.

“Mr Anthony Muoneke, the new Managing Director of the NPDC, hails from Anambra state. Called to the Nigerian Bar in 1985, he has over 29 years’ experience at both local and international levels in the oil and gas as well as the energy and power sectors, including serving as Executive Director, Finance & Admin, Niger Delta Power Holding Company Ltd. (NDPHC),” Abati explained.

The presidency did not give any reason for the changes.

Other appointments according to the release are: Ms Aisha Mata Abdurrahman – Group Executive Director, Commercial and Investment, NNPC and Dr Attahir B. Yusuf – Group Executive Director, Business Development, NNPC.

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IKEDC Unveils Online Bill Payment Platform http://www.pmnewsnigeria.com/2014/08/01/ikedc-unveils-online-bill-payment-platform/ http://www.pmnewsnigeria.com/2014/08/01/ikedc-unveils-online-bill-payment-platform/#comments Fri, 01 Aug 2014 18:41:52 +0000 http://www.pmnewsnigeria.com/?p=205312 Ikeja Electricity Distribution Company office in Lagos State

Ikeja Electricity Distribution Company office in Lagos State

The Ikeja Electricity Distribution Company (IKEDC) in partnership with the Nigeria Inter-Bank Settlement Systems Plc (NIBSS), has created an online platform to facilitate secure, convenient and more efficient payment options for IKEDC post-paid customers, for both energy and non-energy related bills.

NIBSS is Nigeria’s Central Switch for Interconnectivity and Interoperability of payment schemes. This new payment process will ensure that post-paid customer accounts are credited promptly, avoiding unplanned service interruptions.

Abiodun Ajifowobaje, MD/CEO, IKEDC, said in a statement that “the platform which came into being on 1 August, 2014, is available via the following options:

IKEDC website (http://webpay.ikedc.com/pay) using credit and debit cards; Internet Banking portals of financial institutions with NIBSS e-BillsPay platform and bank branches across Lagos State.

Ajifowobaje said the initiative represents another milestone for the company as it continues to enhance customer experience within its network.

“This upgrade of our electronic bill payment process has been designed to deliver a more convenient, efficient and seamless experience for customers whilst paying their IKEDC bills. We urge all our esteemed customers to embrace the platform as we continue to work on ensuring enhanced power supply to our customers,” he said.

Explaining that the new payment channels have been developed for IKEDC post-paid customers, Ajifowobaje said the company was involved in ongoing plans aimed at providing more options for pre-paid customers.

He added that customers that encounter any challenges should contact IKEDC contact centre on 0800-2255-45332 or 0700-2255-4532 or send an email to: customercare@ikedc.com.

The IKEDC boss said customers can also visit the company’s website (www.ikedc.com) for more information on steps for payment online and in bank branches in Lagos.

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GTBank, Forte Oil partners to increase GTExpress locations http://www.pmnewsnigeria.com/2014/07/30/gtbank-forte-oil-partners-to-increase-gtexpress-locations/ http://www.pmnewsnigeria.com/2014/07/30/gtbank-forte-oil-partners-to-increase-gtexpress-locations/#comments Wed, 30 Jul 2014 06:25:30 +0000 http://www.pmnewsnigeria.com/?p=205056 GTBank MD Nigeria, Segun Agbaje

GTBank MD Nigeria, Segun Agbaje

Guaranty Trust Bank (GTBank) Plc says it is partnering with Forte Oil Plc, to further the cause of its recently launched “GTExpress”.

GTExpress is a comprehensive Agent Banking Service as part of its effort to bring banking services closer to existing and potential customers.

NAN reports that the new GTBank agent banking services is in partnership with Forte Oil Plc, a petroleum marketing company.

The bank said in statement on Tuesday in Lagos that the partnership would leverage GTBank capacity to bring banking services further to the masses using Fort Oil’s more than 500 marketing outlets.

It said that the platform would provide such services as account opening, cash deposit and withdrawal through Automated Teller Machines (ATMs), customer enquiries, bills payment and funds transfer.

The statement also said that the agent banking services had already been inaugurated at 14 Forte Oil locations in Lagos.

The statement quoted the bank’s Managing Director, Segun Agbaje as saying that “the unbanked sector of the economy presents a significant growth area for banks in emerging markets.

“Our objective is to offer banking products and services to this segment via non-banking outlets, thus, breaking down barriers to financial inclusion such as accessibility and cost.

“This is a great step in achieving a more inclusive financial services industry”.

It also said that Akin Akinfemiwa, Group Chief Executive Officer, Forte Oil Plc noted that “we are pleased with the GTBank partnership as it reinforces our vision of being a one stop shop whilst affirming the wide reach of our retail network.

“With this alliance our customers who patronise GTBank Plc will be able to reduce the commuting time and cost in attending to their various needs”.

It added that GTBank had consistently pushed the innovative boundaries to make banking a convenient experience for its customers.

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