Afren’s performance prospect dim over sliding production output
Prevailing unsavoury developments in the oil sector may have further worsened the prospects of Afren Plc from getting out of the current crisis threatning its corporate existence.
Gas utilisation: The road not taken
A few days ago, the Lagos State Government marked its annual Tree Planting Day. This is an annual ritual, celebrated to encourage the populace to plant trees to protect the environment.
Crude oil business challenges assail Nigeria’s economy
Nigeria’s economy may face tougher times this year due to a cocktail of challenges assailing the country’s crude oil business. The country has been contending with the plummeting crude oil prices and the United State’s shale boom, which resulted to total halt in import to U.S.
Conoil Quatro engine oil wins OAAN award
OUTDOOR Advertising Association of Nigeria (OAAN) has declared Conoil as the overall winner of its prestigious yearly exhibition and poster award for 2015.
FMC Technology renews commitment to oil, gas development
FMC Technologies has renewed commitment to the development of its people and facilities in Africa’s oil and gas sector To fulfill its promise to human capacity building, sixteen FMC Technologies employees from across Africa recently participated in a weeklong leadership program, in Ghana. The Management essentials course, according to the company, was designed by FMC…
Speaker assures on DESOPADEC bill
FROM the Speaker of the Delta State House of Assembly, Monday Igbuya yesterday in Asaba came an assurance that the proposed Delta State Oil Producing Areas Development (DESOPADEC) Law Amendment Bill now before the House will restructure the Commission for better service delivery. Igbuya, who spoke while addressing protesters from the Urhobo Ethnic Nationality Chapter…
BoI targets 100,000 homes in solar scheme
THE Bank of Industry (BoI) has expressed commitment to promote alternative energy solutions to solve electricity problems in about 100,000 homes across the country. The solar for homes scheme initiated in partnership with the United Nations Development Programme (UNDP), is expected to cover an average of 200 homes each in Anambra, Delta, Gombe, Kaduna, Niger…
Edo community protests outage over refusal to relocate transformer
ACTIVITIES in Igarra, headquarters of Akoko-Edo local government council were grounded yesterday as hundreds of people from the town and neighbouring communities protested alleged deliberate blackout of the town by officials of the Benin Electricity Distribution Company (BEDC) for the past six days over what they claimed was their refusal to allow officials of the company take away one of the two 2.5 step down transformer bought for the community by the council to an unknown destination without replacement.
NLNG clarifies role in dry dock project
NIGERIA LNG has disclosed that it only facilitated the building of $1.5 billion dockyard in the country and not an investor in the project as earlier reported in some media.
Nigeria’s crude exports may rise in August
There are indications that Nigeria’s crude oil export would spike up in August against the previous months, even as some overhang July cargoes struggle to find buyers.