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.

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.

Also speaking, the Managing Director, NPMC, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), Umar Ajiya, outlined reasons that contributed to NIPCO’s pivotal role in petroleum products storage and distribution across the country.

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.

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.

Chevron Nigeria Limited (CNL) said it spent $2.5 billion on local content development in Nigeria’s oil and gas sector, representing 65 per cent of the total Nigerian goods and services expenditures for the year.

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.

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.

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.

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.

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 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.