China cuts non-residential natural gas price

01 September 2017, News Wire — China’s top economic planner will cut the price of natural gas for non-residential users to ease the burden on downstream industry players. From Friday, the benchmark price at urban natural gas stations for nonresidential use will be cut by 100 yuan (about 15.12 U.S. dollars) per thousand cubic meters, […] More »

U.S awards $116m grants to EPRC for 20, 000b/d modular refinery

OpeOluwani Akintayo 01 September 2017, Sweetcrude, Lagos — The U.S Trade and Development Agency, USTDA, has awarded a $116 million grant to Eko Petrochemical & Refining Co. Ltd for a 20, 000 barrels per day modular refinery. A statement by the company said the fund is for a feasibility study to recommend technologies and develop […] More »

US demand for Nigeria’s crude oil weakens over Harvey

OpeOluwani Akintayo 01 September 2017, Sweetcrude, Lagos – U.S. demand for Nigeria’s crude oil has slowed due to Hurricane Harvey that first struck the state of Texas last week. According to a trader who spoke to Reuters, U.S. demand has waned because of the storm, which could put downward pressure on differentials. Nigeria’s Qua Iboe […] More »

Buhari expresses satisfaction over current oil market conditions

OpeOluwani Akintayo 01 September 2017, Sweetcrude, Lagos – President Muhammadu Buhari has expressed satisfaction over the current oil market conditions, saying he is impressed. The president, who recently returned to Nigeria after over 100 days of medical vacation in London, made the statement during a courtesy visit by the Organisation of the Petroleum Exporting Countries, OPEC’s, […] More »

TCN generates 72,261MW of electricity in August

The TCN said that national peak demand forecast stood at 19,100.00mw, while 11,165.40mw was the installed available capacity, 7,139.60mw was the available capacity, 7,000 mw was the current transmission capacity and network operational capacity was 5,500.00mw. More »

Nine foreigners, two Nigerians remanded in prison for crude theft

They suspects were remanded pending arraignment and hearing of a four-count charge bordering on conspiracy, dealing in petroleum products without a license and tampering with oil pipelines. More »

Kaduna Electric says offices will open during Sallah break

Sam Ikeotuonye 01 September 2017, Sweetcrude, Lagos – Kaduna Electric has said that its offices shall be open during the Eid el Kabir holidays to attend to customers. A statement by the Head, Corporate Communication, Abdulazeez Abdullahi, said: “We wish to informed all our esteemed customers that our offices shall remain open during the holidays to attend […] More »