Vivvo CMS 4.0 BusinessDay... the voice of business http://www.businessdayonline.com/ ©2007 Spoonlabs d.o.o. BusinessDay... the voice of business http://www.businessdayonline.com/files.php?file= http://www.businessdayonline.com/ Doubts over Obasanjo’s appearance before power probe http://www.businessdayonline.com/energy/9542.html Energy Sun, 11 May 2008 14:00:00 -0500 There was apprehension over the weekend that former President Olusegun Obasanjo may not appear today before the House of Representatives committee on power and steel probing the $16 billion allegedly expended on the power sector from 1999 to 2007. New private sector initiative rescues firms from power shortage http://www.businessdayonline.com/energy/9540.html Energy Sun, 11 May 2008 14:00:00 -0500 Negris, an independent power producer and a subsidiary of Energy Company Nigeria (ENCON), is working towards ensuring that electricity consumers have steady power supply and manufacturing concerns run seamless operations. ExxonMobil yet to start oil export http://www.businessdayonline.com/energy/9532.html Energy Sun, 11 May 2008 14:00:00 -0500 ExxonMobil, Nigeria’ s second largest producer of crude oil, is yet to start loading from Qua Iboe terminal despite the strike called off by the workers of the American multinational oil company more than one week. DPR extends date for submission of application on oil services http://www.businessdayonline.com/energy/9516.html Energy Sun, 11 May 2008 14:00:00 -0500 As part of its readiness to assist genuine investors, who demonstrate proven ability to render technical services to the nation’s oil and gas sector, the Department of Petroleum Resources (DPR) has extended deadline for the submission of renewal applications for DPR permits and registration. FG may tie disbursements from excess crude account to projects http://www.businessdayonline.com/energy/9418.html Energy Thu, 08 May 2008 14:00:00 -0500 Fresh strategies and ideas for the management of the Excess Crude Oil Account (ECA) are being evaluated by the Budget Office and Revenue Mobilisation and Allocation Commission as government’s expenditure went up by 67 percent in April. Shell demands N375bn, resolution of N/Delta crisis to end gas flaring http://www.businessdayonline.com/energy/9417.html Energy Thu, 08 May 2008 14:00:00 -0500 Shell says it requires an additional $3 billion (N375 billion) and the resolution of the Niger Delta crisis to be able to end gas flaring in the country, insisting that it will be unable to meet the December 2008 deadline due to insecurity in the oil-rich region and funding shortfalls. Shell says no timeframe to re-start 164, 000 barrels a day http://www.businessdayonline.com/energy/9415.html Energy Thu, 08 May 2008 14:00:00 -0500 Shell said yesterday that about 164, 000 barrels a day of its output in the country remain shut following a spate of sabotage last month to its oil facilities and it still does not know when it can restore the lost production. Onne Oil and Gas Free Zone rated world’s fastest http://www.businessdayonline.com/energy/9413.html Energy Thu, 08 May 2008 14:00:00 -0500 Onne Oil and Gas Free Zone has been rated as the world’s fasted growing dedicated oil and gas free zone. Nigeria risks losing $67bn on local content http://www.businessdayonline.com/energy/9386.html Energy Thu, 08 May 2008 14:00:00 -0500 Nigeria risks losing $67 billion in oil and gas industry expenditure if it does not accelerate efforts to increase local content in its vital petroleum sector. This is the warning oil industry stakeholders issued at a recent consultative forum in Abuja. Aba IPP to yield government N25 billion in yearly savings http://www.businessdayonline.com/energy/9363.html Energy Wed, 07 May 2008 14:00:00 -0500 Nigeria is to save an estimated $200 million yearly (N25 billion) in terms of displaced fuel as soon as the Geometric Power Limited completes the construction of the Aba Independent Power Project (IPP). BusinessDay... the voice of business