UK gas operator Centrica has denied reports from Lagos that it has signed a $12bn deal with Akwa Ibom State to build a new liquefied natural gas plant. Reuters on 27 May quoted state governor Godswill Akpabio as saying that the plant would be built on Tom Island in Mbo district.
Shell Petroleum Development Company has invited companies to prequalify for a tender for operations and maintenance for the Afam VI power plant near Port Harcourt. The 600-700MW combined cycle gas turbine plant will be operated under a power purchase agreement with Power Holding Company of Nigeria, and the contractor will be required to prepare the plant for operation and then take charge of its day-to-day O&M.
London-based independent power producer Revonergy has announced a memorandum of understanding with the Ondo State government to build a 14MW waste-to-energy plant fuelled by wood waste and sawdust from the sawmill industry. The electricity produced will be supplied directly to the sawmills, and the surplus will be sold to the national grid on a long-term power purchase agreement basis.
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CNPC has won the race for the Agadem block with a promise of $5bn of investment, apparently calculating that eastern Niger’s oil is worth the practical and security challenges of extracting it.
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The chairman of the US Congress’ House Financial Services Committee has introduced legislation that would require any oil, gas or mining company registered with the Securities and Exchange Commission (SEC) to disclose their payments to host governments.
Engineering services company Willbros Group has agreed to pay $32.3m to settle US investigations into the payment of bribes to officials in Nigeria and Ecuador in violation of the Foreign Corrupt Practices Act.
Nigerian Energy Regulatory Commission (Nersa) chair Ransome Owan on 21 May told Spintelligent’s Power Indaba conference in Cape Town that Nigeria’s new system for setting electricity tariffs will be introduced soon, so that revenue could be raised from its current sub-operating cost level.
Nigerian energy officials have taken important steps to move forward key policy goals, despite reports of delays and in-fighting across the Yar’Adua administration.
Officials at this month’s gas master plan roadshows emphasised how well positioned Nigeria was in terms of gas export potential. “Regionally, we are positioning ourselves very strongly and recently started
Better known for its activities with the Government of Southern Sudan, former England cricketer Philippe Edmonds’ White Nile Ltd has widened its horizons, buying private oil company PA Energy Africa Ltd for $1.839m in cash and 3,132,688 shares.
Royal Dutch Shell could be within a few weeks of agreeing a deal to inject cash into its Shell Petroleum Development Company (SPDC) joint venture, by extending a series of loans to bridge funding gaps caused by the state’s failure to pay its share of development costs.
Nigerian National Petroleum Corporation (NNPC) general manager for refinery projects Sola Alabi has said Nigeria plans to introduce legislation to oblige international oil companies to refine a part of their crude production in the country.
Nigeria is to hold roadshows in Abuja, London and Singapore to publicise investment opportunities from the Gas Master Plan approved by president Umaru Musa Yar’Adua in February (AE 134/4).
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