How to boost refining capacity - Stakeholders
With Nigeria’s refining industry suffering from low capacity utilisation, the need to become self-sufficient in petroleum refining has been a source of concern to stakeholders in the downstream sector.
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.
Siemens develops 44-megawatt aero derivative gas turbine
Siemens has added the SGT-A45 TR mobile unit to its gas turbine portfolio, with an electrical generating capacity of up to 44 megawatts, to address the growing market for fast power.
Nigeria’s oil sector earns N817.48b in first quarter
The CBN in its 2017 quarterly economic report released recently, put the federally-collected revenue in the Q1 also fell short of the 2016 provisional quarterly budget estimate by 36.3 per cent.
Nigeria to ban mineral resources export
Plans are underway by the Federal Government to stop mineral resources export from the country, the Minister of Mines and Steel, Dr Kayode Fayemi has disclosed.
Neconde clears air on five per cent equity in OML 42
Managing Director of Neconde Energy, Frank Edozie, at a media parley in Lagos recently, said there was no agreement between the company and the communities to remit five per cent equity.
Nigeria’s transmission network requires N1.8tr five-year funding
The Federal Government has said that Nigeria’s power sector required an investment of $5billion (N1.8 trillion) in the next five years to solve transmission challenges.
SPE to discuss production cost, regulation challenges at forum
As prices of crude oil prices remained low forcing many companies to engage in different strategies to be relevant in the sector, the Society of Petroleum Engineers, Nigeria Council...