Oriental Energy advances on Okwok oil field development
ORIENTAL Energy Resources Limited (OERL) and its JV Partners, Afren Energy Resources (Afren) and Addax Petroleum (Addax) have announced the completion and flow testing of their first development well, in Okwok marginal field in Oil Mining Lease 13 (OML67).
Matrix Energy delivers 104 million of PMS
MATRIX Energy Limited has embarked onthe delivery of over 12 million litres of Premium Motor Spirit (PMS) and Kerosene on daily basis to ease the challenges of fuel scarcity in the country.
NNPC evacuates harmful substances from refineries
The corporation, which disclosed this in commemoration of the World Environment Day, said the feat is first of its kind in the world, thereby positioning Nigeria and the NNPC on the global environmentally friendly map, adding that other countries where such evacuations were carried out recorded several incidences.
Eunisell advances spill prevention technology on marginal fields
IN a bid to further strengthen its track record in health, safety and environment, Eunisell Solutions has introduced a secondary tank containment system on its production facilities to further minimize oil spill in the country. According to the Chief Executive Officer, Dickson Okotie, this is in line with the company’s commitment to the health and…
NLNG convenes national conference on contracting, procurement
A NATIONAL conference of Contracts & Procurement General Managers in private sector and Directors of Procurement in public sector is being convened by Nigeria LNG Limited (NLNG) to hold on June, 8, 2015 in Lagos. With the prevailing oil and gas prices, which are 40% lower than previous levels and its resultant significant reduction in…
BPE clears air on privatization issues
THE Bureau of Public Enterprise (BPE) has cleared the air regarding the issues surrounding the privatization of Integrated Energy Distribution and Marketing Company (IEDM) and distribution companies. The BPE said in a statement yesterday, that being the Secretariat of the National Council on Privatisation (NCP) does not have the powers to approve disbursement of funds…
Marketer seeks govt’s support for new refineries
THE building of refineries in Nigeria may not be realistic until government engenders an enabling environment that encourages investment by local marketers, the managing director of Capital Oil, Ifeanyi Ubah has said. Speaking on the prevailing fuel scarcity in the country, Ubah argued that removal of fuel subsidy remains the only viable option for President…
Infrastructure deficit: Seven Energy sues for increased investment
WORRIED by the spate of gas shortages in the domestic market, an indigenous integrated gas firm, Seven Energy has advocated for a reviewed gas policy that would encourage fresh investments in pipeline infrastructure. Abdullahi Bukar of Seven Energy, in a chat with the media in Lagos, recently said the infrastructure deficit in Nigeria is massive…
Anxiety over oil prices, as OPEC meets this week
ALL eyes are on the ministers of the Organisation of Petroleum Exporting Countries (OPEC), as they gather to determine the fate of member countries on Friday in the midst of crude price volatility. The prevailing crude price situation has nearly cracked OPEC, as member-countries lobby to protect their various economies, which were apparently affected by…
Port Harcourt Refinery embarks on rehabilitation programme
PORT HARCOURT Refining Company (PHRC) Limited, has unveiled plans to embark on rehabilitation project to meet local needs of petroleum product in the country.