Nigeria’s untapped gas reserves and declining crude oil fortunes
With 188 trillion standard cubic feet (SCF), of gas resources, making Nigeria the seventh most endowed gas nation in the world and number one in Africa, the nation could have been immuned from the plummeting crude oil business if strategies focus had been made on this strategic option Oil and gas experts believed that Nigeria…
Techno to build N3b gas cylinder manufacturing plant in Lagos
Techno Oil Limited has unfolded plans to build a N3 billion gas cylinder manufacturing plant in Lekki area of Lagos State, to ensure full gas utilisation in the country, The proposed structure of the Liquefied Petroleum Gas (cooking gas) cylinder manufacturing plant, unveiled in Lagos recently, indicated that it would have capacity to produce five…
GlobaData calls for massive investment in petroleum sector
Unless the Federal Government encourage massive investment in the country’s oil and gas sector through reforms and transparency, the country will continue to record decline in revenue.
NIPCO increases retail outlets to boost fuel supply
THE Nigerian Independent Petroleum Company Plc (NIPCO) has restated commitment to increase its retail outlets to over 150 stations to ensure equitable fuel distribution across the country.
Afren’s performance prospect dim over sliding production output
Prevailing unsavoury developments in the oil sector may have further worsened the prospects of Afren Plc from getting out of the current crisis threatning its corporate existence.
Gas utilisation: The road not taken
A few days ago, the Lagos State Government marked its annual Tree Planting Day. This is an annual ritual, celebrated to encourage the populace to plant trees to protect the environment.
Crude oil business challenges assail Nigeria’s economy
Nigeria’s economy may face tougher times this year due to a cocktail of challenges assailing the country’s crude oil business. The country has been contending with the plummeting crude oil prices and the United State’s shale boom, which resulted to total halt in import to U.S.
Conoil Quatro engine oil wins OAAN award
OUTDOOR Advertising Association of Nigeria (OAAN) has declared Conoil as the overall winner of its prestigious yearly exhibition and poster award for 2015.
FMC Technology renews commitment to oil, gas development
FMC Technologies has renewed commitment to the development of its people and facilities in Africa’s oil and gas sector To fulfill its promise to human capacity building, sixteen FMC Technologies employees from across Africa recently participated in a weeklong leadership program, in Ghana. The Management essentials course, according to the company, was designed by FMC…