Total harps on LPG utilisation in Nigeria
Total Nigeria Plc has emphasised the need for Nigeria to marshal all necessary mechanisms to optimally exploit the potentials in the Liquefied Petroleum Gas (LPG) market.
Fall in crude oil prices brings revenue to N1.5 trillion
Available data from the Central Bank of Nigeria (CBN) showed that total federally-collected revenue during the second quarter of 2015, stands at N1.5 trillion, reflecting a decline of 39.2 and 27.7 per cent, compared with the provisional quarterly budget estimate of N2.5 trillion and receipts of N2.05 trillion in the preceding quarter, respectively.
Ghana gets robust gas supply from Nigeria
The improvement in gas supply experienced in the country may have extended beyond the shores of this country as the neighbouring country Ghana confirmed that it is now getting robust supply through the West African Gas Pipeline (WAGP) network.
Nigeria, Algeria may face further oil export decline, says report
The latest report from a global consulting firm, Frost & Sullivan has predicted that Nigeria and Algeria may face further decline in crude oil exports going by the gluts in the international market.
U.S. reactor operators increase uranium purchases from Kazakhstan
Kazakhstan became the leading supplier of uranium for the 100 operating U.S. nuclear power reactors in 2014, supplying 12 million pounds, or 23 per cent, of the 53.3 million pounds of uranium purchased by owners and operators of U.S. reactors.
Renewables to lead world power market growth by 2020
Renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, the International Energy Administration (IEA) said in an annual market report.
Oando harps on HSE standards, celebrates five years without LTI
Oando Energy Services, a subsidiary of Oando Plc has stressed the need for full compliance with Health, Safety and Environment (HSE) standards in the industry.
Infrastructure deficit, sliding oil prices may cut Nigeria’s growth projection
Growth is expected to decelerate in Sub-Saharan Africa to 3.7 per cent in 2015, the lowest since 2009, due to declining crude prices and infrastructure (electricity supply and transport) constraints affecting Nigeria and South Africa.
Shell raises hope on gas investment in Nigeria
The Shell Petroleum Development Company expressed commitments to increase its investment profile of gas development to boost domestic consumption and export capacity in the nearest future.
The local content challenge!
At the start of oil exploitation in Nigeria in the late fifties down to the late nineties, it was common to see foreigners dominating all aspects of skilled labour in the industry.
Lower oil prices push down WTO’s trade growth prospects
The World Trade Organisation (WTO) has cut its global trade growth forecast for 2015 from 3.3 per cent to 2.8 per cent amid falling import demand in China, Brazil and other emerging economies, falling oil and commodity prices and significant exchange rate fluctuations.