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…
OPEC production cut and emerging realities!
In a report done for BloombergMarkets by BaileyLipschultz on the 17th of February, 2017 (last week), the online media submitted that Shale drilling is on a row as the Organization of Petroleum...
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.
Seven Energy signs $112 million PRG with government
Seven Energy International Limited (Seven Energy) has signed a $112 million Partial Risk Guarantee (PRG) with the Federal Government for the supply of natural gas ...
Abandoned wells and radioactive materials
A drilling operation is planned and designed in such a manner as to meet the objectives of the campaign safely, economically and in an environmentally friendly mode.
Casing drilling and production costs!
Casing drilling is an alternative option to conventional drilling and uses standard oilfield casing instead of drill-string. This technology involves drilling and casing ...
Drilling unusual and payment uncommon!
The cost of crude oil has crashed for over a year now and doesn’t look like waking up soon. So bad is the crash that it appears the crude oil price is sleeping like a badly refined palm kernel oil ...
NNPC’s fuel import reform scheme reduces U.S. petrol export to Nigeria by 10,000bpd
The United States (U.S.) exports of gasoline to Africa decreased by 28,000 barrels per day (bpd) in 2015, compared with 2014 due to lower exports to Nigeria, one of Africa’s largest fuel importers.
Blind oversight in a dysfunctional system!
The problem with Nigeria is not the lack of laws but the will to enforce deterrent laws. The system is rotten not for want of ideas but for lack of character to tackle the monster head-on.