True Dominion Enterprises Ltd

Thursday, 27 April 2017

Oil prices fall after Libyan oilfields restart

27 April 2017, London — Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market. Benchmark Brent crude LCOc1 fell $1.22 a barrel to a low of $50.60 before recovering slightly to around $50.80 by 1330 GMT. The contract has fallen […] More »

CSR: Ikeja Electric marks World Malaria Day

27 April 2017, Sweetcrude, Lagos — Ikeja Electric Plc. has joined the global fight against malaria as it marked World Malaria Day with the donation of treated mosquito nets and medical tests to six riverine communities in Lagos. Determined to combat the dreaded disease, which is prevalent in sub-Saharan Africa, Ikeja Electric partnered with frontline […] More »

Fast-rising U.S. shale oil output puts OPEC cut at risk – Rystad

27 April 2017, Singapore — Shale oil output in the United States is rising much faster than expected and gaining market share globally, increasing the risk of a “volume war” with OPEC and weaker oil prices, the founder of oil and gas consultancy Rystad Energy said. Rystad Energy expects U.S. shale oil output to grow […] More »

Nigeria: Ajah substation adds 60MVA capacity

Kunle Kalejaye 27 April 2017, Sweetcrude, Lagos — The Transmission Company of Nigeria (TCN) has increased transformer capacity in its Ajah substation with additional 60MVA. This brings the substation capacity to 220MVA from 160MVA, even as on-going works to bring back to service another 60MVA power transformer in the substation has reached an advanced stage. […] More »

Nigeria: 37 companies bid to supply NNPC firefighting trucks

Kunle Kalejaye 27 April 2017, Sweetcrude, Lagos — No fewer than 37 companies have submitted bids to supply six triple agent firefighting trucks for the operation of the Nigerian Pipelines and Storage Company (NPSC), one of the downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC). Speaking at a public bid opening exercise held at […] More »

Nigeria approves N3.8bn for NIMASA to hire vessels

27 April 2017, Sweetcrude, Lagos — Nigeria’s Federal Executive Council on Wednesday approved the lease of what it called “fast-going vessels” for the Nigerian Maritime Administration and Safety Agency, NIMASA. Transportation Minister Rotimi Amaechi stated this while briefing State House correspondents on the outcome of the FEC meeting. The minister, who put the cost of […] More »

Subscribe to: Posts ( Atom )