Business

By Joel Anekwe Nigeria’s Natural Gas Reserve has risen to 206.53 trillion cubic feet (tcf), the Department of Petroleum Resources DPR has announced, describing it as a development showing that the country’s declaration of the gas decade is on course. Sarki Auwalu, managing director and CEO of the Department of …

By Joel Anekwe Nigeria’s President Muhammadu Buhari has stated that the Nigeria Liquefied Natural Gas Train 7 project is a big enabler of his administration’s plan to transform Nigeria into a major gas and industrialised nation. The President stated this at the ground breaking of the Train 7 LNG project …

By Joel Anekwe  As the world forges ahead with energy transition to reduced dependence on fossil fuel, Nigeria’s President Muhammadu Buhari has called for a cost reduction strategy to make the exploration and production of crude oil more competitive and attractive to investors. The President who was represented at the …

By Joel Anekwe  The Nigeria Liquefied Natural Gas Limited (NLNG) has signed Global Memoranda of Understanding (GMoU) with three communities in Rivers State that would enable the communities “take ownership and drive sustainable community development” with the active support of the company. NLNG announced the first phase of the new …

By Joel Anekwe The new head office of the Nigeria Liquified Natural Gas (NLNG) in Port Harcourt was officially opened for operations on Wednesday. This was as the Rivers State governor, Nyesom Wike, dismissed as “conspiracy” the narrative that the region was not safe for business. Speaking at the occasion, …

The Twon Brass community in Bayelsa, hosts to Agip’s Crude Export Terminal has continued ongoing protests against lingering power outage in the settlement, while shunning entreaties from their monarch, King Alfred Diete-Spiff. Our correspondent gathered that the people alleged that the monarch was complicit in several efforts by Agip to …

By Amos Odeh, Yenagoa The lawmaker representing Sagbama/Ekeremor Federal Constituency Hon. Fred Agbedi, has urged Bayelsans to embrace cooperative societies. Agbedi made the call at an event organized by the Alliance of South South States Cooperatives Financing Agencies of Nigeria (ASSSCOFAN) held in Yenagoa, the Bayelsa State capital. “This is a …

The national leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed deep worry over what it described as “the violent turn of NLC peaceful protests by the dictatorial and despotic regime of Governor Nasir El-Rufai in Kaduna State,” warning that it will not hesitate to call …

Bayelsa State Government has opened partnership discussions with its Akwa Ibom counterpart on the use of Ibom Air to start commercial flight operations at the Bayelsa International Airport. Leader of the Bayelsa delegation to Uyo, the Akwa Ibom State capital, the state’s deputy governor, Senator Lawrence Ewhrudjakpo, noted that the …

By Amos Odeh, Yenagoa The 14-inch crude trunkline operated by Shell Petroleum Development Company (SPDC) in the Niger Delta spilled 276 barrels of Shell’s Bonny Light crude blend in three incidents in April 2021. The Okordia-Rumekpe crude pipeline is part of the Trans Niger Pipeline (TNP) network crisscrossing SPDC’s onshore …