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.
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.
Midwestern Oil hits 10 million man-hours safety milestone
An indigenous oil firm, Midwestern Oil & Gas Company Limited, owned by a group of Nigerian investors and the Delta State Government, has achieved operational safety milestone ...
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 ...
EU, OPEC worry as low oil prices crash investments
The European Union (EU) and the Organization of the Petroleum Exporting Countries (OPEC) were apparently unconfortable with the current trends of crude oil prices which has significantly crashed...
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.
Stakeholders seek deregulation of downstream sector
Stakeholders in the Nigeria’s downstream sector have called on the Federal Government to urgently deregulate and liberalize the country’s downstream petroleum sector for unfettered private sector participation ...