Tag archive of Oil & Gas

$35m lost daily to oil theft – Confab committee

The National Conference Committee on Energy has said that the country is losing about 350,000 barrels of oil per day, estimated at about $35m, to crude oil theft and called on the Federal Government to wake up from its slumber and tackle the menace frontally. The Chairman of the committee, who is also a former Governor of Oyo State, Alhaji Rashidi Ladoja, stated this while presenting the report of his committee to the plenary in Abuja on Monday. Continue

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Port Harcourt refinery set to return to full production capacity

As part of efforts to boost the productivity of the country’s oil refinery at Port Harcourt, GE’s Distributed Power business is supplying GEL Utility Limited with three 25-megawatt (MW), trailer-mounted, TM2500+ aero-derivative gas turbines to generate uninterrupted power at the refinery. The installation by GEL Utility Limited of GE’s mobile gas turbines at the Port Harcourt Refining Company (PHRC) facility will ensure the country’s largest

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Audit reports non-implementation responsible for challenges in oil, gas sector

STAKEHOLDERS, including civil society organisations, in the oil and gas sector on Tuesday said the non-implementation of its audit reports was responsible for the challenges in the industry. This submission was made in Abuja at a capacity-building workshop on Nigeria Extractive Industry Transparency Initiative (NEITI) Audit Reports and Remediation Issues organised for the media.  Read more

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