P.M. NEWS Nigeria » Electricity, Oil and Gas http://www.pmnewsnigeria.com First with Nigeria News - Nigerian leading evening Newspaper - Mon, 17 Aug 2015 14:15:18 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 Chief of Naval Staff vows to halt oil theft http://www.pmnewsnigeria.com/2015/08/16/chief-of-naval-staff-vows-to-halt-oil-theft/ http://www.pmnewsnigeria.com/2015/08/16/chief-of-naval-staff-vows-to-halt-oil-theft/#comments Sun, 16 Aug 2015 18:21:09 +0000 http://www.pmnewsnigeria.com/?p=250161 •Refining crude oil illegally is big business in the Niger Delta

•Refining crude oil illegally is big business in the Niger Delta

The Chief of Naval Staff, Vice-Admiral Ibok-Ette Ibas, said on Sunday that oil thieves will no longer have the capacity to transport stolen petroleum products.

Ibas said this shortly after addressing officers and ratings of the Nigerian Navy Ship Pathfinder Port Harcourt.

He said that troops will now be strategically positioned at “choke points” to prevent transportation of stolen petroleum products.

According to him, navy is also putting in place other tactical strategies to curb oil theft, piracy and attacks on oil and gas installations on the waterways and maritime environment.

“We are recapitalising our fleet and building capacities by way of getting our docks, yards and shipyards to be operational, so that we will be in a position to perform better.

“Efforts put in by the navy (with assistance from other security services) in 2014 resulted in drastic reduction of crude oil theft from about 1.2 million barrels per day to about 250,000.

“The navy has come up with patrol strategies and creation of more choke points, so that, when oil thieves steal whatever they have to steal, they cannot have access into the open sea,” he said.

Ibas said though government had done much in the provision of resources the navy still lacked the capacity to monitor all wellheads, pipelines and other facilities due to difficulty of the Niger Delta terrain.

He said the navy could not be held accountable for the adverse impact on the environment caused by the destruction of illegal refineries and boats carrying stolen petroleum products.

“When you check around our jetties you will see badges and boat littering the entire jetties just because some relevant agencies are not doing their part in prosecution and evacuation of products.

“If the navy do not destroy these boats, it means you are providing criminals the opportunity to steal the products back again,” he explained.

The naval boss said the navy would continue to do all it could to deter oil thieves and pipeline vandals from sabotaging the nation’s economy.

Meanwhile, the navy said it had destroyed 78 illegal refineries and set ablaze 1.965 million litres of stolen crude oil and 942,000 litres of stolen diesel in 65 days operation.

Commodore Shuwa Mohammed, Commander NNS Pathfinder Port Harcourt, made this known on Sunday at the destruction of some illegal refineries in Isaka, Okirika local government area of Rivers.

He said navy troops also destroyed 32 storage tanks, seven ground storage tanks, four drums and one Cotonou boat during the time under review.

“On July 29, troops on patrol along Cartharwn Channel and Bile discovered and destroyed two illegal crude oil refineries with two storage tanks and four drums containing 601,200 litres of stolen crude oil.

“Operatives also set ablaze four ground storage tanks containing about 10,000 litres of product suspected to be illegally refined diesel,” he said.

Represented by Commander Chidi Ejiofor, the Pathfinder’s Base Operation Officer, Mohammed said the operatives also destroyed an illegal refinery with two storage tanks containing 300,000 litres of crude oil in Onne.

He said that about 400,000 litres of product suspected to be illegally refined diesel was also put on fire.

“Similarly, on July 21 our troops located five large illegal bunkering sites along Ogbololo creek, Eleme with 15 storage tanks containing 750,000 litres of stolen crude oil.

“At same location, about 500,000 litres of illegally gotten diesel stored in 10 storage tanks was burnt,” he said.

The navy commander further said three illegal refineries, two storage and six ground storage tanks containing 15,000 litres of crude oil and 6,000 litres of diesel were destroyed on Aug 16.

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Now, all Nigerians will enjoy NNPC, says GMD Kachikwu http://www.pmnewsnigeria.com/2015/08/14/now-all-nigerians-will-enjoy-nnpc-says-gmd-kachikwu/ http://www.pmnewsnigeria.com/2015/08/14/now-all-nigerians-will-enjoy-nnpc-says-gmd-kachikwu/#comments Fri, 14 Aug 2015 17:04:56 +0000 http://www.pmnewsnigeria.com/?p=249845 FILE PHOTO: (R) Emmanuel Ibe Kachikwu shakes outgoing NNPC Chief Executive, Joseph Dawha

FILE PHOTO: (R) Emmanuel Ibe Kachikwu shakes outgoing NNPC Chief Executive, Joseph Dawha

The Nigerian National Petroleum Corporation (NNPC) says that the new administration would ensure the efficient and profitable running of the corporation’s refineries to meet the energy needs of the country.

The Group Managing Director of NNPC, Dr Ibe Kachikwu, said this in a statement issued by Ohi Alegbe, Group General Manager, Group Public Affairs Division in Abuja on Friday.

Kachikwu said that the corporate service unit and all the strategic business units of the corporation would henceforth be run as
profit centres.

He said that the days of perceiving the corporation as a civil service were over.

The oil corporation boss implored the management to team up with him to close the skills gap and turn the fortunes of the corporation around.

He said efforts were on top gear to create a conducive working environment for members of staff.

According to him, for NNPC to transform into a profit establishment, the morale of the work force must be high.

He urged the management to provide leadership by example to the workforce while adding that sectionalism, tribalism and any form of non-transparent transactions must be completely stamped out.

Kachikwu also admonished the members of staff to act as change agents.

He assured that in the next 60 days, some of the strategic targets would be translated into concrete milestones to the appreciation of Nigerians.

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No ethnic agenda in NNPC appointments, retirements – Spokesman http://www.pmnewsnigeria.com/2015/08/14/no-ethnic-agenda-in-nnpc-appointments-retirements-spokesman/ http://www.pmnewsnigeria.com/2015/08/14/no-ethnic-agenda-in-nnpc-appointments-retirements-spokesman/#comments Fri, 14 Aug 2015 14:16:21 +0000 http://www.pmnewsnigeria.com/?p=249812 Dr Emmanuel Ibe Kachikwu, NNPC GMD

Dr Emmanuel Ibe Kachikwu, NNPC GMD

The Nigerian National Petroleum Corporation (NNPC) has decried attempts by a section of the media to politicise the recent appointments and retirements in the corporation by imputing ethnic coloration to it.

This was contained in a statement issued by Mr Ohi Alegbe, NNPC Group General Manager, Group Public Affairs Division, in Abuja on Friday.

According to the statement, the new appointments are in line with international best practices devoid of primordial sentiments.

It added that all the actions so far taken by the corporation, were in line with extant rules on federal character and done with the approval of President Muhammadu Buhari.

The statement further said that all retirements between now and 2016 would be carried out with no regard to ethnicity or state of origin.

“The recent appointments, promotions, and retirements are all part of the ongoing restructuring aimed at repositioning the corporation into a lean, efficient, profit-driven organization,” it said.

The statement therefore called on Nigerians to discountenance any report aimed at denigrating the ongoing re-organisation in the corporation.

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Oil subsidy removal will check corruption, says Emir Sanusi http://www.pmnewsnigeria.com/2015/08/13/oil-subsidy-removal-will-check-corruption-says-emir-sanusi/ http://www.pmnewsnigeria.com/2015/08/13/oil-subsidy-removal-will-check-corruption-says-emir-sanusi/#comments Thu, 13 Aug 2015 18:52:35 +0000 http://www.pmnewsnigeria.com/?p=249689 Emir of Kano, Alhaji Muhammadu Sanusi II

Emir of Kano, Alhaji Muhammadu Sanusi II

The Emir of Kano, Malam Muhammadu Sanusi II, on Thursday said that stopping oil subsidy would go a long way in stopping corruption in the country.
Sanusi said this at one-day Symposium on 2015 Budget of the Federal Government of Nigeria, organised by the Institute of Chartered Accountants of Nigeria (ICAN) in Lagos.

The programme had the theme “Come Back Nigeria: The Nation’s Fiscal Challenges and Way Forward for the New Administration”.

He said that stopping subsidy was the first step to sanitising the country’s economy and ensuring structural reforms in all ramifications.

Sanusi criticised government’s resort to huge external borrowing to finance budget deficits even when there was minimum impact in the lives of Nigerians.

“One of the major challenges of the country over the years, in spite of its abundant resources, has been over-dependence on oil revenue and lack of structural reforms.

“This is caused by irregular budget cycle, fiscal indiscipline, huge cost of governance, poor budgeting ethics, implementation processes and weak structures and these have continued to contribute to poor economic performance.

“We spend so much and generate little revenues. We can begin to restructure our economy by fixing the revenue chain and blocking the leakages.

“And one way of doing that is by stopping subsidy because it gives room for corruption in our country,” he said.

Sanusi urged state governments to be creative and strengthen their internal revenue generation drives to meet the demands of their people.

He also urged Nigerians to pray and support the present administration as it made tough decisions for the survival of the nation’s economy.

“President Buhari is trying to cut down the number of ministries, parastatals and agencies, as well as reduce the cost of governance.

“It is not going to be easy, but we all need to make sacrifices because every positive change comes with a price,” he said.

Also speaking, Governor Akinwunmi Ambode of Lagos state said the nation was going through a critical period that called for decisive reforms to reverse the direction in which the economy was heading.

Ambode, who was represented by the Deputy Governor, Dr Idiat Adebule, said the ultimate objective of a budget was to meet the yearnings and aspirations of the people.

According to him, a main yardstick for measuring a well designed and implemented budget is not its size but the improvement it has brought into people’s lives.

“It is evident that our budgets have over the years fallen short of these expectations. This, no doubt, accounts in no small measure for the general state of our economy today.

“A situation where budgets do not get approved until about six months in the budget year and lack of budget discipline have constituted to the observed cycle of under-performance of our budgets.

“Another factor I consider very crucial is the structure of our budget, which has in most cases been in favour of recurrent at the expense of capital expenditure.

“It is in this light that the recent directive of President Buhari for a reduction of the recurrent estimate must be applauded,” he said.

Ambode called for the cooperation and support of stakeholders and Nigerians, to ensure that the present leadership made positive change for the development of the country.

In his remarks, Mr Femi Deru, the 51st President of ICAN, blamed the deteriorating level of poverty, Naira devaluation and dwindling oil price on systemic failure of budget implementation by the three tiers of government.

Deru said that there was an urgent need to analyse the 2015 budget and proffer solutions on the way forward for economic and national development.

“As a stakeholder in the economy, the institute is deeply concerned about the nation’s paradox of poverty in the midst of wealth and other economic problems being faced by the country.

“ICAN is ready to work with government at all level by offering its expertise and make inputs that will be relevant to government policies for the prosperity of the Nigerian economy,” he said.

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IPMAN Begs NNPC For Petrol At Port Harcourt Depots http://www.pmnewsnigeria.com/2015/08/13/ipman-begs-nnpc-for-petrol-at-port-harcourt-depots/ http://www.pmnewsnigeria.com/2015/08/13/ipman-begs-nnpc-for-petrol-at-port-harcourt-depots/#comments Thu, 13 Aug 2015 14:52:47 +0000 http://www.pmnewsnigeria.com/?p=249651 Independent Petroleum Marketers Association of Nigeria (IPMAN), Rivers chapter, has appealed to NNPC to ensure availability of petrol at Port Harcourt depots.

Sunny Ikpe, Chairman of the chapter, told the News Agency of Nigeria (NAN) on Thursday in Port Harcourt that the high cost of petrol in the state was due to the scarcity of the product at NNPC depots.

Ikpe said that complaints by the residents, especially commercial drivers, over high cost of petrol instead of government approved price of N87, was not the fault of marketers.

He said the scarcity of petrol at government depots in the state had forced marketers to buy the product from private depots outside the state.

The IPMAN chairman stated that it was difficult selling petrol at the official pump price of N87 after buying from a private depot.

“The truth is that a marketer who buys from a private depot must have bought at a higher price and must also make some profit in the end.

Port Harcourt Refinery“Marketers are forced to buy from private depots because products are sometimes not available at the government depots,’’ he said.

Ikpe said that the situation was not an act of mischief by the marketers or an attempt to inflict pains on the people.

“It is purely an issue of economic reality and the interplay of demand and supply; that is why the price is never steady; sales price changes in line with cost price,’’ he said.

But the NNPC said there was adequate supply of petroleum products across the country.

NNPC urged marketers to desist from hoarding the product and members of the public should desist from panic buying.

NAN reports that petrol is sold between N100 and N120 in most stations in Port Harcourt and its environs.

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We must have steady electricity in Nigeria, says Buhari http://www.pmnewsnigeria.com/2015/08/12/we-must-have-steady-electricity-in-nigeria-says-buhari/ http://www.pmnewsnigeria.com/2015/08/12/we-must-have-steady-electricity-in-nigeria-says-buhari/#comments Wed, 12 Aug 2015 18:28:00 +0000 http://www.pmnewsnigeria.com/?p=249499 President Muhammadu Buhari of Nigeria

President Muhammadu Buhari of Nigeria

President Muhammadu Buhari said Wednesday in Abuja that his administration will give the fullest possible attention to boosting power supply in Nigeria because it was convinced that steady electricity will launch the country into faster socio-economic development.

Speaking after being briefed by the Permanent Secretary, Federal Ministry of Power, Ambassador Godknows Igali, President Buhari said that his administration had already identified the critical problems in Nigeria’s power sector and was taking appropriate actions to address them.

The President said that his administration had also prioritized certain measures in its action plan to boost electricity supply in Nigeria. “The problems besetting our power sector are not difficult to identify. Therefore, priorities can be easily set in order to tackle them.

“The problems are more with transmission than generation, and we equally need to secure the power infrastructure round the country.

“We will address all these issues,” the President assured.

Ambassador Igali told the President that power generation in Nigeria which was 1,750 MW in 1999, had now peaked at 4,600 MW.

He added that gas was available to take generation to 5,500 MW in a short time, but that the country needed to expand its electricity infrastructure to accommodate additional power generation.

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NNPC’s Kachikwu fires 38 top management staff, appoints 4 Executive Directors http://www.pmnewsnigeria.com/2015/08/11/nnpcs-kachikwu-fires-38-top-management-staff-appoints-4-executive-directors/ http://www.pmnewsnigeria.com/2015/08/11/nnpcs-kachikwu-fires-38-top-management-staff-appoints-4-executive-directors/#comments Tue, 11 Aug 2015 19:54:13 +0000 http://www.pmnewsnigeria.com/?p=249382 Dr Emmanuel Ibe Kachikwu, NNPC boss

Dr Emmanuel Ibe Kachikwu, NNPC boss

The purge and enhancement of top echelon of Nigerian National Petroleum Corporation, NNPC with new appointments, retirements and deployments of personnel by Dr. Ibe Kachikwu, the new Group Managing Director of the Corporation continued on Tuesday with the appointment of four new Group Executive Directors to man the four new Directorates that have been approved by the Presidency.

Dr. Kachikuwu said in a statement that the new appointments are in line with the Federal Government’s aspiration to transform the Corporation into a lean, efficient, business-focused, transparent and accountable national oil company in keeping with international best practices.

The appointments which were approved by President Muhammadu Buhari, include Dr. Maikanti Baru, Group Executive Director, Exploration & Production; Isiaka Abdulrazaq, Group Executive Director, Finance & Services; Engr. Dennis Nnamdi Ajulu, Group Executive Director, Refining & Technology; and Dr. Babatunde Victor Adeniran, Group Executive Director, Commercial & Investment.

In the same vein, new Company Secretary/Legal Adviser and Managing Directors have also been appointed for the Strategic Business Units. They are: Chidi Momah, Group General Manager, Company Secretary & Legal Adviser; Esther Nnamdi Ogbue, Managing Director, Pipelines and Products Marketing Company (PPMC); Engr. Chinedu Ezeribe, Managing Director, Warri Refinning & Petrochemicals Company (WRPC).

Others are Babatunde Bakare, Managing Director, Nigerian Gas Company (NGC); Inuwa Ibrahim Waya, Managing Director, Hyson; Abubakar Mai-Bornu, Managing Director, Nigerian Petroleum Development Company (NPDC); and Ladipo Fagbola, Managing Director, NNPC Retail.

Others include Rowland Ewubare, Managing Director, Integrated Data Services Ltd (IDSL); Modupe Bammeke, Managing Director, NNPC Prpoerties; Abdulkadir Saidu, Managing Director, Duke Oil; and Dafe Sejebor, Group General Manager, Nigerian Petroleum Investment Management Services (NAPIMS).

The Corporation also retired 38 top management staff reducing the number from 122 to 83.

The Corporation also said in line with the ongoing repositioning of the Corporation, 12 personnel have been recruited from the private sector into the top management cadre to jump-start a new business outlook to enhance the operational environment as a profit-driven business as against the current civil service orientation.

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LAWMA To Generate Electricity –MD http://www.pmnewsnigeria.com/2015/08/11/lawma-to-generate-electricity-md/ http://www.pmnewsnigeria.com/2015/08/11/lawma-to-generate-electricity-md/#comments Tue, 11 Aug 2015 13:10:18 +0000 http://www.pmnewsnigeria.com/?p=249308 The new managing director of Lagos Waste Management Authority, LAWMA, Mr. Abdulwahab Ogunbiyi, has disclosed that the agency has the capability to generate electricity through waste, with cooperation of government and other stakeholders.

Ogunbiyi stated this while addressing PSP operators during his maiden interactive session with stakeholders at Agege Waste Transfer Loading site.

He said 40 percent of what is required to turn the waste to wealth is readily available in the state.

He also solicited for the support of the stakeholders for effective waste management, while assuring them that his agency would continue to make available all the necessary infrastructural and technical assistance for the private waste collectors, PSP, to enhance their services.

According to him, it is no longer the responsibility of LAWMA alone to be carrying waste all around, but to manage and regulate the activities of the PSPs, “but as partners we all have to join hands to ensure a cleaner and healthier state.”

New building 005Ogunbiyi, while enjoining the stakeholders to be purposeful and key into the objectives of the agency, stated that the state government had mandated LAWMA to ensure that every nook and cranny of the state is free of waste.

He further stated that the agency intends to reorganise marine waste evacuation, while assuring the group to ensure they perform in line with basic standard as better days lie ahead.

Reacting to the demands of the PSP and other stakeholders who requested for the support of the agency in areas such as infrastructure upgrade and prompt payment for services, the LAWMA boss assured them of continuous support in the effort to facilitate the release of their outstanding arrears.

He also promised to build on the achievements of his predecessor, Mr. Oladimeji Oresanya, whom he described as a bosom colleague, and commended him for taking the agency to an enviable height.

In her welcome address, the General Manager, Admin and Special Duties, Mrs. Abimbola Jijoho-Ogun, urged the service providers to cooperate with the new CEO of LAWMA as they did with his predecessor, while she introduced Ogunbiyi to the various stakeholders.

The stakeholders welcomed the new CEO and pledged support for his administration. On all pending issues, the MD promised to look into them individually and severally.

At the meeting, 350 PSP service providing companies, made up of marine waste evacuators, street sweepers and PSP operators across the 57 Local Governments and Local Council Development Areas in Lagos State were in attendance.

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In Video: Dopemu, Osodi residents protest against IKEDC http://www.pmnewsnigeria.com/2015/08/10/in-video-dopemu-osodi-residents-protest-against-ikedc/ http://www.pmnewsnigeria.com/2015/08/10/in-video-dopemu-osodi-residents-protest-against-ikedc/#comments Mon, 10 Aug 2015 21:11:57 +0000 http://www.pmnewsnigeria.com/?p=249217 Women at the protest with their lanterns Photo: Idowu Ogunleye

Women at the protest with their lanterns
Photo: Idowu Ogunleye

Residents of Agege, Dopemu and Oshodi areas of Lagos state, stage peaceful protest against Ikeja Electricity Distribution Company at the Governor’s Office. The protesters are furious over the prepaid metres/smart metres being used by IKEDC, unjustified charges, unjustified electricity disconnections from the poles. The protest took place today. Video by PM News

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PH Refinery: Nigeria’s fuel importation to drop by 40% http://www.pmnewsnigeria.com/2015/08/09/ph-refinery-nigerias-fuel-importation-to-drop-by-40/ http://www.pmnewsnigeria.com/2015/08/09/ph-refinery-nigerias-fuel-importation-to-drop-by-40/#comments Sun, 09 Aug 2015 18:47:17 +0000 http://www.pmnewsnigeria.com/?p=249102 Emeka Offor: predicts 40% drop in petroleum import

Emeka Offor: predicts 40% drop in petroleum import

Emeka Offor, Executive Chairman, Chrome Oil Services, says importation of Premium Motor Spirit (PMS) would drop by about 40 per cent when critical unit of the Port-Harcourt refinery begins operation.

PMS is otherwise called petrol.

Offor gave the assurance while speaking with energy correspondents on Sunday in Lagos.

He said the critical constituent of the refinery; the Fluid Catalytic Cracking Unit (FCCU) would become functional next week.

The FCCU is where Vacuum Gas Oil (VGO) and Heavy Diesel Oil (HDO) are cracked to obtain more valuable products.

Such products include FCC gasoline used as PMS blend and Light Cycle as blend component for Low Pour Fuel Oil (LPFO) and Liquefied Petroleum Gas (LPG).

Offor confirmed that the restoration work at the FCC had reached 98 per cent conclusion and would come on stream before end of the week.

“Hope of petroleum products supply stability is about to be accomplished as we at Chrome Oil Services company, the major contractors handling key rehabilitation of the Port Harcourt refinery will complete work on the FCCU.

“The FCCU is about 98 per cent completed and we are hopeful that by next week it will be completed, and it will reduce 40 per cent on Federal Government importation of refined products.

“The company is among other contractors carrying out overhaul of the facility as government takes giant steps to revamp the country’s four refineries in a bid to address the lingering fuel scarcity,” he said.

The company’s chairman assured Nigerians that when it becomes fully operational, the unit would concentrate on the production of petrol which would also go a long way to reduce importation.

He added that it would then resolve the lengthened petrol scarcity.

Oil Refinery

Offor said that lack of Turn-Around Maintenance (TAM) of the existing refineries in the country had contributed to the perennial fuel scarcity.

“Over time, the refineries are working but below installed capacity, the last TAM was done in 2000 and this is an exercise that should be carried out every two years.

“The inability of the refineries to refine at full capacity further complicated the fuel supply situation across major cities in the country,” he said.

Offor attributed the problem to pipeline vandalism, an infrastructure which transports crude oil to the refineries and lack of TAM to sustain product refining.

“We have outstandingly provided urgent situation repair work at both Kaduna and Port-Harcourt refineries.

“The vital technical and engineering services we have turned to have guaranteed the continuous running of those refineries to make sure they are not totally grounded,” he said.

He said that over the years there had been tremendous inroads into the oil and gas industry through servicing of refineries, petrochemical plants and rehabilitation of jetties, tanks and installation of oil and gas facilities.

“All these culminated in the award of the TAM contract of both the old and the new Port-Harcourt Refineries in Nigeria to Chrome Consortium.

Chrome is a consortium of firms headed by Chrome Oil Services – the first indigenous oil service firm to execute such a project.

He said that with strategic alliances, joint ventures and consortiums with major international engineering and construction companies,
Chrome Oil Services was poised to become a vital contributor to Nigeria’s infrastructure.

NAN reports that the old refinery was commissioned in 1965 with current nameplate capacity of 60,000 barrels per stream day (bpd).

The new refinery which commissioned in 1989 with an installed capacity of 150,000 bpd brings the combined crude processing capacity of the Port-Harcourt Refinery to 210,000 bpd.

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GE, USADF, USAID announce $1.1 million awards for African energy entrepreneurs http://www.pmnewsnigeria.com/2015/08/08/ge-usadf-usaid-announce-1-1-million-awards-for-african-energy-entrepreneurs/ http://www.pmnewsnigeria.com/2015/08/08/ge-usadf-usaid-announce-1-1-million-awards-for-african-energy-entrepreneurs/#comments Sat, 08 Aug 2015 19:03:12 +0000 http://www.pmnewsnigeria.com/?p=249029 President Barack Obama announced the grant at the Global Entrepreneurship Summit in Nairobi

President Barack Obama announced the grant at the Global Entrepreneurship Summit in Nairobi

General Electric Africa in conjunction with the United States African Development Foundation (USADF) and the United States Agency for International Development (USAID) has announced that an additional $1.1 million has been awarded to 11 companies from Tanzania, Kenya, Nigeria, Ghana and Ethiopia.

The 11 winners will each receive a grant of up to $100,000 to expand their renewable energy solutions and reach those currently not served by the grid.

The awards were announced during President Obama’s trip to the Global Entrepreneurship Summit in Nairobi, as part of his continued commitment to Power Africa and providing underserved communities access to energy.

The competition is part of Power Africa, a partnership-based effort to double access to electricity in sub-Saharan Africa, where more than 600 million people still lack basic access to electricity.

The Off-Grid Energy Challenge, which is part of the Beyond the Grid Initiative funded by GE Africa, USADF and USAID, promotes innovative solutions that increase access to reliable, affordable and sustainable power.

The $5million, three-year, Challenge will award 50 or more grants of up to $100,000 each to African companies providing off-grid solutions that deploy renewable resources and power economic activities. These energy entrepreneurs are finding solutions for rural communities to access power, including solar-powered mini-grids, home solar systems and revolving credit funds.

The most recent winning projects include 5 solar systems, 3 biogas generation projects, and a small hydro-electricity power plant, providing over 10,000 people did not have access before with electricity and light that. That’s just $100 per person invested for off-grid solutions to a brighter world.

Nigeria firm, Ajima Farms is developing a major biogas plant to provide electricity to homes and businesses currently living off the grid.

The Off-Grid Energy Challenge is catalyzing African entrepreneurs across the continent to spur innovative ideas into action to develop off-grid energy solutions. On July 29, GE Africa and USADF opened up the Off-Grid Challenge to African energy entrepreneurs finding solutions to the power deficit in Uganda, Rwanda and Zambia.

In the fall, USADF will announce the winners from the new countries as well as the two new awards in Liberia, culminating in $2.2 million for Round III of the Challenge and $5.0 million total over the three year initiative.

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Shell declares force majeure http://www.pmnewsnigeria.com/2015/08/06/shell-declares-force-majeure/ http://www.pmnewsnigeria.com/2015/08/06/shell-declares-force-majeure/#comments Thu, 06 Aug 2015 17:49:38 +0000 http://www.pmnewsnigeria.com/?p=248810 Osagie Okunbor, Chairman, Shell Companies in Nigeria and Managing Director of the Shell Petroleum Development Company of Nigeria Limited (SPDC)

Osagie Okunbor, Chairman, Shell Companies in Nigeria and Managing Director of the Shell Petroleum Development Company of Nigeria Limited (SPDC)

Shell has declared force majeure on gas supplies to Nigeria’s LNG export terminal on Bonny Island in Rivers State due to a pipeline leak, a spokesman for the company said on Thursday.

“Shell declared force majeure on gas supplies from SPDC to NLNG (Nigeria Liquefied Natural Gas Co), effective August 4,” spokesman Precious Okolobo said, adding that, the company was investigating the cause of the leak.

SPDC is Shell’s Nigerian joint venture with state oil company Nigerian National Petroleum Corp (NNPC).

Tony Okonedo, a spokesman for NLNG, said that exports had so far been unaffected but that the company was discussing potentially rescheduling some shipments with its customers.

NNPC holds a 49 percent stake in NLNG and the rest is owned by oil majors Shell, Total and Italy’s Eni.

It can produce 22 million metric tonnes of liquefied gas per year and has long-term supply contracts with buyers in Italy, Spain, Turkey, Portugal and France and also sells on the spot market.

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Shake up in NNPC as new GMD sacks 8 executive directors, appoints new ones http://www.pmnewsnigeria.com/2015/08/05/shake-up-in-nnpc-as-new-gmd-sacks-8-executive-directors-appoints-new-ones/ http://www.pmnewsnigeria.com/2015/08/05/shake-up-in-nnpc-as-new-gmd-sacks-8-executive-directors-appoints-new-ones/#comments Wed, 05 Aug 2015 19:01:34 +0000 http://www.pmnewsnigeria.com/?p=248657 Dr Emmanuel Ibe Kachikwu, NNPC boss

Dr Emmanuel Ibe Kachikwu, NNPC boss

Dr. Emmanuel Ibe Kachikwu, the new Managing Director of Nigerian National Petroleum Corporation, NNPC on Wednesday sacked all the eight Group Executive Directors (GEDs) of the Corporation a day after he assumed office.

In what seemed to be the beginning of the much sought re-organisation of the Corporation, Kachikwu has also appointed for Group Executive Directors to replace the sacked chief executives.

The sacked GEDs- Ian Udoh (Refining and Petrochemicals) Adebayo Ibirogba (Engineering and Technical team) David Ige (Gas and Power) Attahir Yusuf (Business Development) Dan Efebo (Corporate Services) Bernard Otti (Finance and Accounts) Aisha Abdurrahman (Commerce and Investments) and Joseph Dawha (Exploration and Production) were appointed by former President Goodluck Jonathan in 2014.

The reduction of the directorates of the NNPC from eight to four, according to NNPC was part of the restructuring of the organization which began with the appointment of Kachikwu on Tuesday.

The new offices and their heads include, Directorate of Refining and Engineering to be headed by Dr M.K Baru, Mr Denis Nnamdi to take charge of the Directorate of Exploration and Production.

Mr Bankole Komolafe has been appointed Group Executive Director for the Directorate of Commercial and Investment, while Mr Isiaka Abdulrazak will now head the Finance Directorate.

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NNPC boss, Kachikwu assumes office http://www.pmnewsnigeria.com/2015/08/04/nnpc-boss-kachikwu-assumes-office/ http://www.pmnewsnigeria.com/2015/08/04/nnpc-boss-kachikwu-assumes-office/#comments Tue, 04 Aug 2015 22:32:06 +0000 http://www.pmnewsnigeria.com/?p=248537 Emmanuel Ibe Kachikwu shakes outgoing NNPC Chief Executive, Joseph Dawha

Emmanuel Ibe Kachikwu shakes outgoing NNPC Chief Executive, Joseph Dawha

Newly-appointed Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Emmanuel Ibe Kachikwu, has assumed duty as the Chief Executive of the corporation.

This was contained in a statement signed by Mr Ohi Aligbe, Group General Manager, Group Public Affairs Division, on Tuesday in Abuja.

It said that a brief handover ceremony was held at the NNPC Towers to mark the assumption of office.

It added that until his appointment, Kachikwu was the Executive Vice Chairman and General Counsel of Exxon Mobil (Africa).

Kachikwu, in the statement, expressed gratitude to his predecessor, Dr. Joseph Dawha, for his hard work in holding the corporation.

He pledged to work assiduously in achieving the president’s growth aspiration for the oil and gas industry.

The statement noted that Kachikwu was a First Class Graduate of Law from the University of Nigeria, Nsukka and the Nigerian Law School.

It added that he also had Masters and Doctorate Degrees in Law from the Harvard Law School.

It added that he started his working career with the Nigerian/American Merchant Bank before moving on to Texaco Nigeria Limited from where he joined Exxon-Mobil.

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Capital Oil adopts measures to curb illicit practices by marketers http://www.pmnewsnigeria.com/2015/08/04/capital-oil-adopts-measures-to-curb-illicit-practices-by-marketers/ http://www.pmnewsnigeria.com/2015/08/04/capital-oil-adopts-measures-to-curb-illicit-practices-by-marketers/#comments Tue, 04 Aug 2015 20:35:06 +0000 http://www.pmnewsnigeria.com/?p=248514 •Ifeanyi Ubah

•Ifeanyi Ubah

The Managing Director, Capital Oil and Gas, Mr Ifeanyi Ubah, on Tuesday said the company had adopted measures to curb illicit practices by marketers.

Ubah said while addressing newsmen in Abuja that the company had adopted the “no change of number” measure to curb the “unpatriotic act”.

“We recently noticed some sharp practices by oil marketers who use our facility as an avenue for selling loaded products or loading tickets at unapproved prices.

“We have therefore come out with measures to curb the unpatriotic acts.

“The modus operandi adopted to stop these unwholesome practices is what we call ‘no change of number’,” he said.

He said that the measure would ensure that only marketers that presented approved trucks listed on the loading tickets would be loaded with products.

He said the abuse of the policy by allowing change of truck number made it easy for some marketers to engage in illicit acts.

“The marketers collect loading tickets from NNPC with a particular number, come to our terminal with a different truck which is not indicated on the loading tickets.

“We have resorted not to load products for any marketer with such loading ticket,” Ubah said.

Ubah explained that there were many terminals used by NNPC to store products in Lagos and other parts of the country and marketers were at liberty to use any of them.

He noted that the Capital Oil and Gas would continue to promote good ethics and conduct in giving the best professional care to customers.

Commenting on allegation of not dispensing to Independent Petroleum Marketers of Nigeria (IPMAN), he said that Capital Oil and Gas should not be dragged into leadership crisis.

Ubah said the company held its customers in high esteem and would continue to maintain best practices as one of the major petroleum terminals in the country.

“IPMAN should try and resolve their leadership crises; I helped them four years ago and brought peace under the leadership.

“I don’t want to get involved again in their problem; we hold all our customers in high esteem,” he said.

He added that IPMAN members were not obliged to get products from Capital Oil alone as NNPC deposits products in many depots.

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Breaking News: Buhari Appoints New NNPC, NCC Helmsmen http://www.pmnewsnigeria.com/2015/08/04/breaking-news-buhari-appoints-new-nnpc-ncc-helmsmen/ http://www.pmnewsnigeria.com/2015/08/04/breaking-news-buhari-appoints-new-nnpc-ncc-helmsmen/#comments Tue, 04 Aug 2015 14:24:38 +0000 http://www.pmnewsnigeria.com/?p=248462 President Muhammadu Buhari has appointed Dr. Emmanuel Ibe Kachikwu as the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

Dr. Kachikwu, who was the Executive Vice Chairman and General Counsel of Exxon-Mobil (Africa), is to take over from Dr. Joseph Thlama Dawha.

Dr. Kachikwu hails from Onicha-Ugbo in Delta State.

He is a First Class Graduate of Law from the University of Nigeria,  Nsukka and the Nigerian Law School.

The new NNPC Chief Executive also has Masters and Doctorate Degrees in Law from the  Harvard Law School.

Kachikwu

Kachikwu

He started his working career with the Nigerian/American Merchant Bank before moving on to Texaco Nigeria Limited where he remained for about eight years before joining ExxonMobil.

President Buhari has also approved the appointment of Professor Umaru Garba Danbatta as the new Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission (NCC).

Prof. Danbatta, who holds a Doctorate Degree in Electronic Engineering, takes over from Dr. Eugene Juwah whose tenure expired on July 29, 2015.

The new NCC Chief Executive’s other academic qualifications include a Bachelors Degree in Electronic Engineering and Telecommunications as well as a Masters Degree in the same field.

He is a Fellow of the Nigerian Society of Engineers and has had a meritorious career in which he rose to become Professor of Electrical Engineering and Electronics at Bayero University, Kano, specializing in Telecommunications Engineering and Information and Communications Technology.

Before his new appointment, Prof. Danbatta held top management and leadership positions at different times including Head of Department, Dean Of Faculty, Director, Centre for Information Technology, Chairman of the Nigerian Society of Engineers (Kano Branch), Deputy Vice Chancellor and Acting Vice Chancellor.

His appointment as Executive Vice Chairman of the NCC is for five years in the first instance.

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Buhari must overhaul NNPC, the medium of fraud, corruption – Report http://www.pmnewsnigeria.com/2015/08/04/buhari-must-be-overhaul-nnpc-the-medium-of-fraud-corruption-report/ http://www.pmnewsnigeria.com/2015/08/04/buhari-must-be-overhaul-nnpc-the-medium-of-fraud-corruption-report/#comments Tue, 04 Aug 2015 08:33:43 +0000 http://www.pmnewsnigeria.com/?p=248368 President Muhammadu Buhari

President Muhammadu Buhari

ABUJA, (Reuters) – Nigeria’s new president should overhaul how Africa’s biggest oil producer sells its state oil company’s share of crude oil output to save billions of dollars in wasted and lost revenues, a report by an international governance watchdog said on Tuesday.

About half of Nigeria’s 2 million barrel per day (bpd) crude output goes to NNPC, the state-owned oil company. NNPC sells half that oil to its subsidiary Pipelines and Product Marketing Co for the country’s refineries.

The poorly maintained plants are however unable to process the bulk of the oil and over the years this allocation has devolved into a “nexus of waste and revenue loss,” according to the report by Natural Resource Governance Institutes (NRGI), a non-profit.

The other half of NNPC’s oil share is mostly sold to “unqualified intermediaries,” earning significant margins for little or no added value, rather than directly to the end-users, NRGI said.

A spokesman for NNPC declined to comment on the report.

Reducing losses in crude oil sales has become even more crucial with the slump in global oil prices that has crushed Nigeria’s currency and forced the government to borrow just to cover salaries. Oil sales account for about 70 percent of government revenues.

President Muhammadu Buhari won the end-March election in large part to his tough stance on corruption that is rife in Africa’s biggest oil producer.

Since his May inauguration, Buhari has revealed little about how he will restructure Nigeria’s oil industry but he is bent on recovering “mind-boggling” sums of stolen oil money.

The mismanagement and corruption surrounding NNPC’s sales lie at the heart of the problem and former central bank governor Lamido Sanusi was sacked after pointing out that $20 billion had not been remitted between January 2012 and July 2013.

Constitutionally, NNPC is meant to remit all revenues to the country’s treasury but the act establishing the state firm allows it to keep what it needs to cover costs with little oversight.

The result is a legal grey area that has been open for abuse for decades.

BILLIONS MISSPENT, UNACCOUNTED FOR

As the refineries became increasingly dilapidated under successive administrations, NNPC came up with ad-hoc substitutes such as the poorly constructed crude-for-product swap contracts or exports to select traders.

“The refineries only process around 100,000 bpd. NNPC ultimately re-routes most…and payments enter separate NNPC accounts, which NNPC officials then draw upon freely,” NRGI wrote in its report, adding that NNPC explanations for its spending were incomplete and contradictory.

“Discretionary spending” of the proceeds from this oil has shot up to over $6 billion a year from 2011 to 2013 and was spent on a graft-ridden fuel subsidy scheme, ineffective pipeline protection contracts and costly crude transport by sea to the country’s refineries since their feedstock pipelines were left to rot.

In 2013, just 58 per cent or $16.8 billion of these revenues were remitted to the country’s treasury. NRGI recommends eliminating the mismanaged refinery allocation completely, which would be a quick win for Buhari before a full restructuring of NNPC can be undertaken.

About 210,000 bpd of the domestic allocation, or $35 billion worth of oil, was converted to crude-for-products swap contracts starting in 2010 that are now being scrutinized by Nigerian authorities for short-changing the government.

According to estimates by NRGI, about $16 a barrel could have been lost in 2011 alone under one offshore-processing agreement.

Questionable revenue retention is not limited to the use of the domestic crude allocation but extends to all areas.

One stark example found by NRGI was the non-remittance of revenues from a decade’s worth of production from one field totaling $12.3 billion between 2004 and 2014.

The oilfield that produces the Okono grade is owned by NNPC’s upstream subsidiary but the operations have been contracted out, and therefore it does not need to keep such large sums.

“In other words, the corporation has provided no public accounting of how it used a decade’s worth of revenues from an entire stream of the country’s oil production,” the report said.

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Niger Delta Youths Threaten To Shut NLNG http://www.pmnewsnigeria.com/2015/08/03/niger-delta-youths-threaten-to-shut-nlng/ http://www.pmnewsnigeria.com/2015/08/03/niger-delta-youths-threaten-to-shut-nlng/#comments Mon, 03 Aug 2015 16:24:34 +0000 http://www.pmnewsnigeria.com/?p=248309 Okafor Ofiebor/Port Harcourt

A youth group in the oil rich Niger Delta has threatened to shut the operations of the multi-billion dollars Nigerian Liquefied Natural Gas, NLNG, over the plan by the company to site the Drydock yard in Badagry, Lagos.

Simeon Wilcox, leader of Bonny Youths Federation, has accused NLNG of insincerity and refusal to categorically make an official statement about the location of the N1.6 billion dollar Drydock project outside the company’s area of operations in Rivers State and Niger Delta region.

Nigerian Liquefied Natural GasA youth coalition under the aegies of Niger Delta Youths Leaders has vowed to stage protests in the entire operational communities of NLNG over the plan to site such project outside the region.

Wilcox stated that youths in the region cannot be wallowing in abject poverty in the midst of plenty caused by unemployment when companies like the NLNG would initiate plans that could deny the needed employment.

The youth leaders in a joint press conference in Port Harcourt, said a letter of protest has been sent to President Muhammadu Buhari, the National Assembly, the Speakers of House of Representatives and Rivers House of Assembly.

Wilcox also stated that relevant security agencies have equally been notified of the planned protest.

NLNG is yet to react to the allegation against the company and threat of imminent shut down of the company’s operations.

The Federal Government recently shared N359.4 billion revenue generated by the NLNG as income tax among the 36 states of the federation.

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DPR shuts 23 private petroleum products depots http://www.pmnewsnigeria.com/2015/08/03/dpr-shuts-23-private-petroleum-products-depots/ http://www.pmnewsnigeria.com/2015/08/03/dpr-shuts-23-private-petroleum-products-depots/#comments Mon, 03 Aug 2015 07:03:12 +0000 http://www.pmnewsnigeria.com/?p=248254 Austin Olorunshola, DPR Director

Austin Olorunshola, DPR Director

The Department of Petroleum Resources (DPR) has shut 23 private petroleum products depots across the country for selling Premium Motor Spirit (PMS) to marketers above ex-depot price of N77.66 per litre, a statement said.

The statement, issued by DPR Director, Mr Mordecai Ladan, in Abuja on Sunday, said that the shutting of the facilities took effect on Friday.

It added that the depots were mainly in Lagos except for two in Warri, Delta, and three in Calabar.

“The clampdown on the private depots followed the report of a special investigation team set up by DPR to uncover some unwholesome practices by the private petroleum products depots following a tip-off,” the statement said.

It added that the depots would remain sealed until the some conditions were met by the owners, including payment of two million naira fine and an undertaking that PMS would not be sold to bulk buyers.

It also said that all subsequent sales would be at N77.66 per litre as approved by the Federal Government, adding that DPR would monitor the sale of the remaining and subsequent products.

The statement further said that DPR had directed all its offices to ensure that all filling stations sold PMS at government approved price of N87.00 per litre regardless of source of source depot.

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Niger Delta JTF arrests 18 oil thieves http://www.pmnewsnigeria.com/2015/08/02/niger-delta-jtf-arrests-18-oil-thieves/ http://www.pmnewsnigeria.com/2015/08/02/niger-delta-jtf-arrests-18-oil-thieves/#comments Sun, 02 Aug 2015 14:16:20 +0000 http://www.pmnewsnigeria.com/?p=248186
Lt Col Isa Ado: JTF spokesman

Lt Col Isa Ado: JTF spokesman

The Joint Task Force (JTF) in the Niger Delta, “Operation Pulo Shield” says that it arrests 18 suspected oil thieves and destroyed 31 illegal oil refineries in multiple raids in July.

This is contained in a statement issued by Lt.-Col. Isa Ado, Media Coordinator of the JTF, in Yenagoa on Sunday.

It stated that troops of JTF deployed at Iguododo community and Chanomi Escravos in Orhionmwon and Warri South West Local Government Areas of Edo and Delta discovered and destroyed 15 illegal refining camps.

The statement stated that the suspects operated with four Cotonou boats, seven plastic reservoirs, 34 drums, 21 surface tanks filled with illegally refined Automated Gas Oil.

It stated that other items discovered and destroyed were 21 cooking ovens and eight pumping machines.

The statement stated that the suspects fled on sighting the troops.

“The squad also arrested 16 suspects for other criminal offences ranging from kidnapping, armed robbery, sea piracy, cultism and pipeline vandalism.

“Items recovered from them include locally made gun with live rounds of ammunition and axe. The suspects are in custody of the JTF for preliminary investigation before handing them over to prosecuting agency,” it stated.

The statement stated that troops deployed at Ughelli in Delta following a distress call from Afiesere community arrested a notorious armed robbery suspect with a locally made short gun and three live cartridges.

It stated that the suspect, his recovered gun and cartridges, were handed over to prosecuting agency while a stolen motorcycle recovered from him was handed over to the owner.

The statement stated that JTF in conjunction with Southern Ijaw Oil and Gas Task Force destroyed 16 illegal bunkering sites along Obi creek, Gbenekrukru, Oloma and Ogbonga waterways of Bayelsa and Rivers, respectively.

It stated that the sites were destroyed along with metal tanks and Cotonou boats filled with stolen crude oil.

The statement stated that no arrest was made as the operators of the illicit act fled on sighting JTF troops.

It stated that a notorious and wanted criminal in Oboburu community of Ahoada West of Rivers had been arrested and taken into JTF custody for preliminary investigation.

The statement stated that items recovered from the suspect included one locally made short gun, Tecno phone and national identity card

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