Stakeholders in the Nigeria gas sector have emphasised the need for the Federal Government to desist from Joint Venture (JV) funding, which gulped over $3.09 billion in the last one year.
Seven Energy signs $112 million PRG with government
Seven Energy International Limited (Seven Energy) has signed a $112 million Partial Risk Guarantee (PRG) with the Federal Government for the supply of natural gas ...
Abandoned wells and radioactive materials
A drilling operation is planned and designed in such a manner as to meet the objectives of the campaign safely, economically and in an environmentally friendly mode.
Casing drilling and production costs!
Casing drilling is an alternative option to conventional drilling and uses standard oilfield casing instead of drill-string. This technology involves drilling and casing ...
Drilling unusual and payment uncommon!
The cost of crude oil has crashed for over a year now and doesn’t look like waking up soon. So bad is the crash that it appears the crude oil price is sleeping like a badly refined palm kernel oil ...
NNPC’s fuel import reform scheme reduces U.S. petrol export to Nigeria by 10,000bpd
The United States (U.S.) exports of gasoline to Africa decreased by 28,000 barrels per day (bpd) in 2015, compared with 2014 due to lower exports to Nigeria, one of Africa’s largest fuel importers.
Blind oversight in a dysfunctional system!
The problem with Nigeria is not the lack of laws but the will to enforce deterrent laws. The system is rotten not for want of ideas but for lack of character to tackle the monster head-on.
How to cushion pangs of sliding crude oil prices, by stakeholders
For Nigeria, a significant proportion of its total yearly revenue comes from the oil sector and remains the major foreign exchange earner.
Power firms groan as forex crisis hits hard on investments
The lingering exchange rate parity may have hit hard on the power sector investors, as indications emerged that some projects are currently in the trap while the operators adopt austerity measures as survival strategy.
Drilling practices: The good, the bad and the ugly
When an operation is carried out with due diligence and international best practices, the risk of operational failure is very slim. A case study will be analyzed this week for the benefit of operators who drive their drilling operations with the two-cardinal program of “CUT COST” and “MAKE PROFIT” only. This case study, THE GOOD…