The Independent Petroleum Markers Association of Nigeria (IPMAN), Western zone, has emphasized the need for the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC), to clamp down private depots selling petrol above ex-depot price of N133.28k. The Western zone Chairman of IPMAN, made the appeal in an interactive session with journalists…
Global oil discoveries fall to lowest level in 70 years
Global oil discoveries fell to a record low in 2016, as companies continued to cut spending, and conventional oil projects sanctioned were at the lowest level in more than 70 years...
OPEC records high level of output freeze compliance
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC), reported that based on the Report of the Joint OPEC-Non-OPEC Technical Committee (JTC), for the month of March...
BEDC harps on data collection
Data collection on work-related accidents and diseases is very important for analyzing and preventing accidents and occupational diseases at the workplace, Benin Electricity Distribution Plc (BEDC) has said.
Indigenous firms achieve great feats in oil exploration, production
Indigenous companies are beginning to develop capacity to compete with International Oil Companies (IOCs), which have dominated the exploration and production of oil and gas in Nigeria for decades.
Upgrading Kainji dam and improving electricity
Kainji dam is one of Nigeria’s oldest dams generating roughly 500 megawatts of electricity in 2017 for a nation with a population around 170 million!
Nigeria, a country in the tropical region of the world is now in the dry season. In this dry season, the hydroelectric power plants are working at dry season capacity! The coal-fired power plants are almost redundant while solar is mostly generated by private institutions and personalities who can presently afford it. This leaves the…
Producing through recession
Production of crude oil and subsequent storage happens only after a well has been drilled and completed where a profitable accumulation of the black gold has been found.
Gas producers kick against JV cash call obligation
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.