Frontier Oil makes case for local gas companies
CHIEF Executive Officer of Frontier Oil Limited, Dada Thomas, has called on the Federal Government to engage indigenous companies on ways of boosting gas production in the country.
Lubcon Oil bags national productivity merit award
FOR its significant contribution to the growth of the lubricant industry, Lubcon Limited, an indigenous oil lubricant producing company, has been conferred with National Productivity Order of Merit Award by the Federal Government.
Lagos lists benefits of energy conservation
THE Lagos State government has emphasised the need for consumers to adopt the practice of energy conservation to promote efficiency.
World Bank plans to end gas flaring by 2030
THE World Bank has unveiled plans to set a global standard to stop gas flaring, in an attempt to end the pollution and waste of resources that it creates.
Frontier Oil supplies gas to Alaoji, Calabar power plants
FRONTIER Oil Limited (FOL), an indigenous oil and gas exploration and production company, and the operator of the Uquo Marginal Field and the 200mmscfpd central processing facility, has commenced the supply of gas to Alaoji, Calabar and Ibom independent power plants. Chief Executive Officer of FOL, Dada Thomas, who made this revelation in the paper…
OWA confirms strategic partnership with Rave TV
THE Offshore West Africa Conference & Exhibition (OWA) owned and produced by the PennWell Corporation, has confirmed Rave TV onboard as a Strategic Media Partner for the upcoming 20th anniversary edition of OWA in Nigeria. Rave TV acclaimed as the first interactive multi-broadcast entertainment network in Nigeria with a global broadcast reach has in its…
Bristow Group Helicopter Crash Kills Oil Workers Returning from Rig
Bristow Group, a leading charterer of helicopters to the oil and gas industry in Nigeria has lost one of its helicopters in a crash, which killed four people. Six are said to have survived the crash, which occurred as the helicopter, an American-made Sikorsky S-76C, traveling from an oil rig in the Lagos lagoon. It…
NNPC To Become Sole Petroleum Products Importer as Refineries Begin Operation
Speaking at an interview with the Financial Times of London, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has shed some light on how the Federal Government plans to reduce the national reliance on imported petroleum products. With all the refineries now springing into operation, following their Turn Around Maintenance (TAM), the…
New GMD Kachikwu Begins NNPC Cleanup and Restructuring
The newly appointed Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr Ibe Kachikwu, has wasted no time in getting on with clean up and restructuring of NNPC. Barely days into the job, the new GMD was hiring and firing in his multi-faceted restructuring approach. He intends to take the three facets…
Indigenous firms face gloomy future over plummeting oil prices
CRUDE oil prices have now fallen by more than fifty per cent since June last year, when the commodity was being sold for $110 per barrel. Brent crude, the global oil benchmark, fell 1.2 per cent to $48.61 a barrel on London’s ICE Futures exchange on Monday. On the New York Mercantile Exchange, West Texas…