Nigeria’s unmetered electricity customers to get 15% discount yearly
OpeOluwani Akintayo 01 November 2017, Sweetcrude, Lagos — The Power Council of Nigeria has said unmetered customers will be entitled to 15 ...
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Equities prices of energy firms listed on the NSE
The post Equities prices of energy firms listed on the NSE appeared first on SweetCrudeReports . More »
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No plan to influence Senate probe — NNPC
Ike Amos 31 October 2017, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation, NNPC, Tuesday, said its planned dinner with memb...
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TCN replaces damage transmission tower in Asokoro
Michael James 31 October 2017, Sweetcrude, Lagos — The Transmission Company of Nigeria, TCN, has successfully completed the re-construction...
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Group lament attacks on Intels, urges Buhari’s intervention
Vincent Toritseju 31 October 2017, Sweetcrude Lagos — The Niger Delta Youth Coalition (NDYC) has berated the Oil and Gas Free Zones Authori...
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Nigeria grants Israeli firm $186m waterways security contract
Vincent Toritseju 31 October 2017 Sweetcrude, Lagos — THE Federal Government of Nigeria has contracted the security of the nation’s waterwa...
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We have not called-off loans to Nigeria – AfDB
*Expresses strong support for country’s economic recovery 31 October 2017, Sweetcrude, Abidjan, Ivory Coast — The African Development Bank ...
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Financial market products & services update
31 October 2017, Sweetcrude, Lagos — The local and international financial market products and services update. NIGERIA: The African Develo...
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OPEC daily basket price close at $58.27/b
31 October 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $58.27 a barrel on Monday, compared wit...
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Power Council approves return of CAPMI
OpeOluwani Akintayo 31 October 2017, Sweetcrude, Lagos – The National Council on Power, NACOP, has approved the return of the Credited Adva...
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IYC condemns “internal colonialism of Niger Delta people”
Mkpoikana Udoma 31 October 2017, Sweetcrude, Port Harcourt – The Ijaw Youth Council, IYC, has called on President Muhammadu Buhari, Ministe...
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Fashola commissions mobile transformers in Kaduna, Katsina substations
He explained that the installation and commissioning of the 40MVA Mobile transformer was part of the effort by the present government to am...
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PHCCIMA wants govt to encourage entrepreneurship, made-in-Nigeria goods
… Wants community content in oil & gas industry Mkpoikana Udoma 31 October 2017, Sweetcrude, Port Harcourt – The Port Harcourt Chamber ...
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Ministry says Qua Iboe Power Plant will add 540MW to national grid
OpeOluwani Akintayo 31 October 2017, Sweetcrude, Lagos – The Federal Ministry of Power has announced that 540 megawatts of power will be ad...
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Nigeria to embrace transparency in extractive sector – Osinbajo
He said, “Transparency in this sector is very important for Nigeria. It is in our enlightened self-interest to do so because of the strateg...
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Prices of energy company equities at the Nigerian Stock Exchange
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Russia & Nigeria sign nuclear project development agreements
30 October 2017, Sweetcrude, Abu-Dhabi – Russia and Nigeria signed agreements on construction and operation of a Nuclear Power Plant and a ...
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AEDC blames inadequate metering on non-reflective tariff cost of electricity
“The reason the metering is not moving as fast as it should is because the time which it should have been cost-effective has been eroded be...
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Intels threatens to sue OGFZA over false, malicious allegations
*We only issued Intels a query – OGFZA Vincent Toritseju 30 October 2017, Sweetcrude, Lagos — THE Management of Nigeria’s oil and gas logis...
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Power: Transmission company has most abandoned projects in Nigeria – Mohammed
The TCN boss noted that these abandoned power transmission projects were scattered across the country and that a lot of them had largely be...
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Fuel Distribution: NNPC moves to secure downstream assets
The MD stated that the NPSC was desirous of engaging reputable and competent security firms to safeguard its critical assets to ensure unim...
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Training vessel stolen at Institute of Oceanography, found in Cameroun
Vincent Toritseju 30 October 2017, Sweetcrude, Lagos — A fishing and research vessel belonging to the Nigerian Institute of Oceanography an...
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Total increases lubricant production capacity in Nigeria
OpeOluwani Akintayo 30 October 2017, Sweetcrude, Lagos — In a bid towards fulfilling its goal of boosting lubricant production capacity in ...
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Financial market products & services update
30 October 2017, Sweetcrude, Houston, Texas — The local and international financial market products and services update. NIGERIA: Nigeria’s...
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OPEC daily basket price close at $57.54
30 October 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $57.54 a barrel on Friday, compared wit...
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Moody’s sees South African risks rising without credible debt plan
*Medium-term budget policy statement is credit-negative *Moody’s and S&P to make ratings announcement on Nov. 24 30 October 2017, Johan...
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US to encourage more investments in Nigeria after Kachikwu meets Perry
He further stated that the United States Government has a high level of respect for the people of Nigeria and pledged willingness to contin...
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NNPC, First E&P, BGP commence seismic data acquisition in OMLs 83, 85
Ike Amos 30 October 2017, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation (NNPC) Sunday, said it has commenced the acquisit...
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AFC & Harith merge assets to bring power to Africa
October 2017, Sweetcrude, London — Harith General Partners (Harith) and Africa Finance Corporation (AFC), two preeminent institutional inve...
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Zimbabwe: CBZ Bank hit with U.S.$385m penalty
29 October 2017, Harare — Zimbabwe’s biggest bank by asset base, CBZ Bank, has been slapped with a staggering US$3,8 billion fine by the Un...
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Tanzania: Energy Minister fumes as country goes without power for 10 hours
29 October 2017, Dar es Salaam — Minister for Energy, Dr. Medrad Kalemani, has directed Tanesco deputy director general, Mr. Abdallah Ikwas...
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Tullow to build Kenya’s 865 KM oil pipeline
29 October 2017, Nairobi — Kenya’s plans to build an oil pipeline for its Turkana deposits got a major boost Tuesday after the government s...
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Crude oil output from Mexico’s Pemex falls 18 percent in September
29 October 2017, Mexico City — Mexican national oil company Pemex reported on Friday that September crude production fell 18 percent from t...
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IKEDC commences customer data capture exercise
*Customers to get real-time alerts on completion of exercise OpeOluwani Akintayo 29 October 2017, Sweetcrude, Lagos — Ikeja Electric Plc, I...
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Barkindo says Saudi Arabia backs further oil cut
OpeOluwani Akintayo 29 October 2017, Sweetcrude, Lagos — The Secretary-General for the Organisation of the Petroleum Exporting Countries, O...
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SEC, NSE ignore court order over suspension of Oando
OpeOluwani Akintayo 29 October 2017, Sweetcrude, Lagos — Despite Oando Plc obtaining a Federal High Court order, asking the Security and Ex...
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Africa50 reaches financial close for solar plants in Egypt
28 October 2017, Sweetcrude, Cairo — Africa50, the infrastructure fund for Africa, Scatec Solar and Norfund have signed the long-term finan...
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AfDB approves $100m line of credit to Kenya Commercial Bank
28 October 2017, Sweetcrude, Nairobi — The Board of Directors of the African Development Bank (AfDB) has approved a US$ 100 million Line of...
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Ghana extends energy bond sale as demand falls short
*Country to continue 10-year debt sale, 7-year bonds closed *Securities sold to settle legacy debts of energy utilities 28 October 2017, Ac...
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Shell bets big on Brazil as oil majors snap up offshore blocks
28 October 2017, Rio De Janeiro — Oil major Royal Dutch Shell Plc RDSA.L won half the blocks awarded in Brazil’s deepwater oil auction on F...
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Exxon, Chevron results linked to oil price, not cost cuts
28 October 2017, Houston — Rising oil and natural gas prices boosted third-quarter profits at Exxon Mobil Corp and Chevron Corp by about 50...
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WAV condemns alleged fraudulent moves by Sea Truck Group
28 October 2017, Sweetcrude, Lagos – Leading provider of offshore engineering, procurement, fabrication, installation and vessel charter se...
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Nigeria targets 20,000 megawatts – Shehuri
He said that the government was replacing faulty transformers nationwide and installing new ones in order to ensure steady power supply to ...
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PENGASSAN insists on passage of Petroleum Industry Bill
“The stakeholders (oil workers) will ensure that the lacunas, particularly the adverse labour clauses identified in the Bill are addressed ...
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Ex-militants demand pipeline surveillance contracts in Niger Delta
"We appeal to the Presidency to consider giving the pipeline surveillance contracts to the youths in the region who know the terrain b...
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NPA to partner Women in ANLCA on port operations
iew Larger Image Sam Ikeotuonye 28 October 2017, Sweetcrude, Lagos – The Nigerian Ports Authority, NPA, says it will partner Women in ANLCA...
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Nigeria govt approves $1.1 billion PPA for Qua Iboe Power Project
They stated that the plant would commence commercial operations in 2021, in addition to unlocking investments in power transmission infrast...
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Nigeria: FEC approves 14km transmission line, Road Trust Fund
Fashola said the council approved the construction of 14 kilometres transmission line for the Transmission Company of Nigeria (TCN) to evac...
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Aiteo’s Benedict Peters appoints US/UK legal teams to address allegations
27 October 2017, Sweetcrude, London, United Kingdom — Benedict Peters, Executive Vice Chairman of Aiteo Group (www.AiteoGroup.com), has ins...
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Chevron’s Shares drop by 1.2% on output decline
*As ExxonMobil’s shares rise nearly 1% OpeOluwani Akintayo 27 October 2017, Sweetcrude, Lagos — Chevron’s shares fell by 1.2 percent to $11...
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Mkpoikana Udoma Port Harcourt - The Ijaw Youth Council, IYC worldwide has threatened to shut down the head office of the Niger Delta Develop... -
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