Uncertainty looms as fuel marketers run out of stock today
THERE are indications that fuel marketers and importers would run out of stock for Premium Motor Spirit (PMS), otherwise known as fuel, at the Apapa Depot and filling stations across the country due to the inability of the Federal Government to meet subsidy obligations of over N356.2 billion.
Nigeria’s electricity generation increases by 114.7MW
Nigeria’s electricity generation has increased by 114.7megawatts (MW) from 3,060.35 MW it recorded two weeks ago to 3,175.05MW as at 19th April 2015, according to data from the Federal Ministry of Power and Presidential Task Force on Power.
How to reduce system failures for improved power supply
POWER systems today are much more susceptible to voltage collapses than they were 35 years ago (when frequency was the culprit) as we increasingly depend on generation sources that are located remotely from load centers as is typical with the Nigerian scenario.
Oil firms support Word Bank’s zero flaring initiative
OIL companies and governments are increasingly seeking solutions to reduce flaring of natural gas at oil production sites.
Sahara commits 1,500 man-hours to volunteer activities
IN an effort to keep up with its resolve to entrench volunteerism as a critical aspect of its corporate social responsibility initiatives, staff of Sahara Group spent 1,500 man-hours in volunteer work to drive several health, educational and entrepreneurial projects organized by the Group in 2014.
U.S. import from OPEC nations drops
THE United State’s crude imports from Organisation of Petroleum Exporting Countries (OPEC) member countries dropped has by 200 tbpd or eight per cent and accounted for 32 per cent of total US crude imports.
Nigeria targets fuel sufficiency, exports by 2020
IF the Nigerian National Petroleum Corporation (NNPC) and the incoming government made good of their promises, Nigeria may be inching towards attaining self sufficiency and eventually become a net exporter of refined petroleum products by 2020.
Stakeholders seek collaboration to boost regional oil output
Poised to ensure energy sufficiency in the Sub-Saharan Africa, concerned stakeholders in the sector have called for partnership among operators to improve output in the region
New technologies emerge to rescue oil industry
With the price of crude plumbing lows not seen since 2009, Royal Dutch Shell, Whiting Petroleum Corp and many others are turning to rocket fuel, Big Data, lasers, spectrometers and other new or revamped technologies to do more for less
Political transition: Traders optimistic on Nigeria’s oil exports
Although, reports showed that the West African crude trading diverged last week, as Angolan selling and differentials versus dated Brent fared better than Nigerian grades. Traders said steady buying from Chinese and European refiners who prefer Angolan grades is helping to support the differentials and clear out the May programme, whereas Nigerian cargoes are struggling to sell.