Gas production to grow faster than oil, coal by 2022
Minister of State for Petroleum Resources, Ibe Kachikwu, said recently at an event in Lagos that the country can leverage on its enormous gas resource and position it as Africa’s hub for petrochemicals.
Modular refiners to get pioneer status, duty waivers
The Chairman, Eko Petrochem and Refining Company, Emmanuel Iheanacho, said the U.S. Government, acting through the USTDA, had accelerated the process of the company’s planned economic investment through the industrial development grant of $797,343.
CypherCrescent, CHPED launch technology research for oil sector
CypherCrescent relies on its strength in advanced computing, applied mathematics, in-depth research in petroleum engineering and geosciences to deliver cutting-edge business-intelligence solutions to the global oil and gas industry.
NNPC, others unveil strategies to cope with oil price volatility
For the last 40 years, oil has been a volatile commodity that has had many peaks and troughs, and over the years, the petroleum industry has become much more sophisticated in how it handles the downturns.
Nigeria’s electricity generation stagnates at 2,503gwh in Q2
Electricity generation statistics for second quarter (Q2) of 2017, showed a total average of 2,503 Giga watts hour (GWh) of energy was generated by power stations in Nigeria.
Total promotes road safety, rewards drivers with cash, others
In efforts to ensure safety and efficiency to curb road accidents in the country, Total Nigeria Plc at the weekend, in Lagos, rewarded some of its worthy drivers with cash and other items for promoting road safety.
NNPC partners CypherCrescent to boost oil production
The Research & Development (R&D) Division of the Nigerian National Petroleum Corporation (NNPC), has sealed a strategic partnership with CypherCrescent Limited, to enhance oil and gas production using innovative technologies and optimised workflows.
NNPC to continue oil explorations in Lake Chad Basin despite insurgency
The Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu has said that the Federal Government will continue with its “oil and gas explorations” in the Lake Chad Basin of Borno state; despite recent Boko Haram attacks in the region.