Alhaji Danladi Pasali, National Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), on Friday said that modular refineries would put a stop to continued fuel importation in the country.
Electricity generation drops to 3,233 megawatts
Daily operational report from the Transmission Company of Nigeria (TCN), the system operator, said that Jebba 2G5 was shut down due to water management at 18.02 hours on January 15.
OPEC contributes $4.4 billion to tackle fuel poverty
An estimated 1.1 billion people live without electricity, while some 2.9 billion people do not even have clean cooking facilities. More than 95 per cent of these people live in either Sub-Saharan African or developing Asia, with...
Global energy investment to hit $44tr by 2040
About 60 per cent of a cumulative $44 trillion in investment needed in global energy supply is expected to come from the oil, gas and coal industry in 2040, according to International Energy Administration (IEA).
Russelsmith tasks operators on corrosion control
Russelsmith Group, an indigenous integrated oil field service firm, has tasked professionals on the need to develop cost effective solutions for the industry.
Global energy investment declines to $1.8 trillion
Total investment in the energy sector has decreased from $2 trillion in 2014 to $1.8 trillion in 2015, according to World Energy Investment 2016.
Petroleum sector loses N220b to pipeline sabotage
Nigeria’s petroleum sector in the last eleven months, lost over N220 billion to pipeline sabotage.
Brass fertiliser company signs $6b off-take deal with BP
Brass Fertiliser & Petrochemical Company Limited (BFPCL) has signed a $6 billion off-take deal with BP Oil International Limited as a major breakthrough in the development ...
Oil industry’s challenges in 2016 and hopes for boom in 2017
For stakeholders in Nigeria’s oil and gas sector, 2016 ended with hopes that 2017 will be less challenging. The reason for the anticipation is that 2016 was shrouded....
Crude oil price agreement and a fatal delusion
In a report originally done by Nafeez Ahmed for the Motherboard Online, it is clear, crude oil’s days of glory has given way to its present price delusion, not even with the efforts being put in place by the Organization of Petroleum Exporting Countries...