Energy

Total to Lubricate Veteran Cars

To help strengthen its link with the veteran car community, Total will play a significant role in this year’s Run from capital to coast. Appreciating that older cars – the youngest on the Run is 110 years old – are not built to quite the same fine tolerances as modern cars, Total technicians will be on hand at the Run’s ...

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Nigeria’s Former Oil Minister Alison-Madueke Arrested in London

…Detained for Hours, Released on Bail Nigeria’s former petroleum minister Diezani Alison-Madueke was yesterday(Friday) arrested in London by the United Kingdom National Crime Agency (NCA)for alleged corruption and money laundering offences.  Although Motoring World confirmed from the agency’s website that its International Criminal Unit had arrested five people across London for bribery and money laundering without mentioning the names of the people ...

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Nigeria Looses Over N2 Trillion Monthly –NNPC

…As NNPC Plans to Sell Inefficient Refineries The Group managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr Ibe Kachikwu, has revealed that Nigeria losses N2.2 trillion every month due to inefficiency of the nation’s three petroleum refineries. Speaking last week during an interactive session with news men, NNPC boss, therefore, warned that any refinery that fails to work ...

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Shell Partners with Ferrari

Shell has become Innovation Partner of Scuderia Ferrari for the next five years as part of a new agreement that will see the pair work closer together than ever before – not only at the top of Formula 1, but across a number of different projects. Announced ahead of the FORMULA 1 GRAN PREMIO D’ITALIA 2015, this arrangement marks a ...

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Mobil Pays N160 billion to NDDC in 14 Years

Mobil Producing Nigeria (MPN), a subsidiary of ExxonMobil, has said it has contributed N160 billion to the Niger Delta Development Commission (NDDC) since its inception in 2001. The MPN Manager, Media and Communications, Mr Ogechukwu Udeagha, disclosed this in Uyo last week at a two-day capacity building workshop for journalism in Akwa Ibom. The workshop, which was sponsored by Mobil, ...

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Autogas Showcases LPG Versatility At Cenex 2015

Autogas Limited, the UK’s leading supplier of LPG fuel, will be showcasing three LPG vehicles at the Cenex low carbon vehicle event, taking place at Millbrook on 9th and 10th September, highlighting the huge variety of businesses and fleets that could benefit from switching to autogas LPG. An autogas-converted Ford Focus showcases the potentially cost- and emissions-saving combination of a ...

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How Affordable is Fuel to Average Nigerians?

Carmudi, an international online car platform, analysed global gas prices as well as daily income in various countries in Africa and the world and found out that, while fuel sale in Nigeria is among the cheapest in Africa and the world, fuel pump prices in largest oil wealthy Middle East are far cheaper than what it is in Nigeria..  Global consumer demand ...

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President Buhari Should Consider Solar Energy – Emeka Messiah Nwokeoma, Chairman and Managing Director Emesonic Electronics

Speaking to Motoring World’s Correspondent, last week, in his Lagos office located along Adegbola Street, off Anifowose, Ikeja, Managing Director of Emesonic Electronics Technology Ltd, Mr. Nwokeoma lamented over ignorance of Nigerians about what he described as advanced and effective Solar energy. He voiced recommendations to the recently elected President Buhari’s government on how solar energy can be adopted to ...

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Indonesia Gov. Clarifies Fuel Subsidy Scheme

Indonesia, which introduced a new fuel subsidy scheme recently, will re-deploy at least 120 trillion rupiah (USD9.5 billion) in savings to the transport and other sectors which will see a doubling in their capital expenditure budget this year, Energy and Mineral Resources Minister Sudirman has said. “What happened is shifting the subsidy from consumption into more productive spending,” the minister ...

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Ambode Parleys Tanker Drivers Unions, Stakeholders, Proffers Solution to Incessant Crashes

… Sets Up Fact Finding Committee Lagos State Governor, Mr Akinwunmi Ambode on Monday held a meeting with petrol tanker drivers and other stakeholders in the transportation sector on the way forward for the incessant tankers accidents in the state, setting up a committee to examine the immediate and remote causes of the incidences in the last one week. The ...

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