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By Emeka Anaeto & Udeme Akpan     ENERGY THE Federal government has revoked four Oil Mining Leases, OMLs belonging to Addax Petroleum Nigeria Limited citing  inability to comply with work programme targets. The OMLs are, 123, 124, 126 and 137, all operated by Addax Petroleum Development Company Limited, APDCL and Addax Petroleum Exploration Nigeria Limited, APENL. According to DPR, the revocation and re-award  have  already been approved by President Muhammadu Buhari, who doubles as the Minister of Petroleum Resources. The agency stated that the oil assets are now to be operated by Kazte...

With more than half its population lacking access to energy, Nigeria still wastes gas — a major source of energy. The communities where the gas is flared are also bereft of any form of protection and empowerment. The stories of these women point to what would have been if only the government would add a smidgen of grit to its promise to turn wasted gas into money. ABIOSE ADELAJA ADAMS reports on the plight of women who use heat from gas flaring sites to dry tapioca. Advertisement Inside Eruemukohwarien, a community that is home to Ughelli East Gas Plant, it is always hot and bright. The res...

By Nathan Nwakamma Yenagoa, Jan 18, 2021 Chevron Nigeria Limited (CNL) has held divergent views with members of its host communities in Bayelsa on leakages reported at Funiwa Oil Fields operated by the oil firm off Bayelsa Coast. The CNL’s host communities include Koluama 1 and 2, Ekeni, Ezetu 1and 2, Fishtown, Foropa and Sangan in Southern Ijaw and Brass Local Government Areas. Naija247news reports that fishermen operating near the Atlantic Ocean coastline had on Sunday reported an oil leak suspected to be from the Funiwa Fields. Reacting to the development, Esimaje Brikinn, General-Manage...

Punch Newspapers Sections ’Femi Asu with agency report The first export cargo of Nigeria’s newest crude grade Anyala is on its way to Northwest Europe, trading and shipping sources said on Monday. This is coming less than three months after the announcement of the commencement of oil production from the Anyala West field in Oil Mining Leases 83 and 85. OMLs 83 and 85 are in the shallow waters offshore Bayelsa State where FIRST E&P is the operator of the two blocks, on behalf of the Nigerian National Petroleum Corporation/FIRST E&P Joint Venture. The international oil benchmark, Brent crud...

By Udeme Akpan, Energy Editor THE investment of over $1billion by Heirs Holdings in the acquisition of the strategic Oil Mining License, OML 17 from Shell, ENI and Total, has been described by various analysts as a very positive affirmation of confidence in the robustness of the Nigerian economy. In a telephone interview with Energy Vanguard, weekend, President, Oil and Gas Service Providers Association of Nigeria, Maxi Colman Obasi, said: “At a time of increased pessimism globally and in Nigeria, the huge deal shows a welcome light on the opportunities that are available in Nigeria. Heirs ...