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24 Feb 2015
OPEC will regain ground and exceed its historic record production levels by 2030 as U.S. shale oil growth flattens out in the coming years, energy company BP said last week.   In the near term, demand for oil from the Organization of the Petroleum Exporting Countries (OPEC) is likely to remain under pressure as U.S.…
Okoronkwo-pix
24 Feb 2015
The National President, Independent Petroleum Marketers Association Of Nigeria (IPMAN), Elder Chinedu Okoronkwo aims to place South East as an oil and gas processing zone. Recently, the Nigeria Union of Journalists Zone C honoured him with an award on excellence in entrepreneurial development following his successful run in the oil and gas sector. He spoke…
24 Feb 2015
DESPITE bleak prospects in the oil and sector, there are still viable opportunities to invest in the industry within Africa, even from an exploration point of view, the PricewaterhouseCoopers (PWC), has said.     In its report titled: “Fit for $50 oil in Africa”, released recently, the global firm said that the greatest opportunity at the…
24 Feb 2015
THE Nigerian National Petroleum Commission (NNPC), has reiterated its commitment to promote indigenous participation in the nation’s oil and gas sector.    Speaking during a visit to the fabrication yard of Kaztec Engineering Limited at Snake Island, Lagos, the Group Executive Director, Engineering and Technology, Adebayo Ibirogba, said NNPC was ready to partner with local…
24 Feb 2015
PETROLOG, an indigenous oil servicing company has acquired an ocean diving support vessel to boost its operations and advance the local content policy of the Federal Government.    The 100 percent Nigerian Flagged, ABS classed Dynamic Positioning (DP2) dive support system vessel is currently in Nigeria waters.    According to the company, this is the…
23 Feb 2015
ONE of Africa’s leading indigenous oil and gas service companies, Eunisell Solutions, has reaffirmed its resolve towards the provision of bespoke solution-based services to ensure the acceleration of oil production in marginal fields.  Speaking with newsmen in Lagos, the Chief Executive Officer, Eunisell Solutions, Dickson Okotie, noted that one of the major challenges facing the…
EMSL-meter-testing-equipment
17 Feb 2015
ELECTRICAL devices have virtually emerged the essential tools in everyday living.  Testing these devices periodically has therefore become imperative, to ensure their effectiveness and safety for users.  In any electrical facility, be it commercial or domestic, the most important issue is safety.   Decades of substandard electrical equipment being used in the Nigerian Electricity Supply Industry…
SHANE
17 Feb 2015
THE African continent would require about $3.2 trillion cummulative investment to meet the  energy demand occassioned by growing population by 2035.   The Managing Director, Africa, Electrical Sector, Eaton, Shane kilfoil, who disclosed this at its inaugural West Africa Technology Day in Lagos, said about 55 per cent of Africa’s population currently lack access to…
17 Feb 2015
THE World Bank has described poor electricity supply as a major retarding factor to economic growth in sub-Saharan Africa     The World Bank explained that lack of energy stunts the economic growth that’s needed to reduce poverty and boost prosperity for all Africans.   It however pointed out that mining companies can play a…
17 Feb 2015
THE Nigerian Electricity Regulatory Commission (NERC) has issued four on-grid licenses to Zuma Energy Nigeria Limited to operate a combined 1,200 Megawatts (MW) power plant at Itobe, Kogi state. Each unit of the power plant has capacity to generate 300MW.   This brings to two such licenses issued for coal power generation this year.  …
17 Feb 2015
THE United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil).    Global shale oil resources are estimated at between 330 billion and 1,465 billion barrels. Investment is…
17 Feb 2015
GLOBALLY, 51,477 MW of new wind generating capacity was added in 2014, according to the global wind market statistics released recently by the Global Wind Energy Council (GWEC).    It added that the record-setting figure represents a 44 per cent increase in the yearly market, and is a solid sign of the recovery of the…

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Civil rights advocacy group, Human Rights Writers Association of Nigeria (HURIWA), yesterday, urged Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to arrest the reportedly dismissed Managing Director of Nigerian Incentive-based Risk Sharing System for Agricultural Lending (NISRAL), Aliyu Abdulhameed over alleged fraud. HURIWA said it…
9 mins ago
Buhari directs reorganisation of aviation agencies in line with Civil Aviation Act Nigeria and Saudi Arabia, yesterday, signed a bilateral pact to enhance capacity on accident investigation and overall safety in the air transport sector. Director General of the Nigerian Safety Investigation Bureau (NSIB), Akin Olateru, at a brief ceremony in Abuja, said the agreement…
18 mins ago
I was privileged to attend Kings College Lagos – the only Federal Government College or Unity School for boys at the time when the Nigerian elite still had faith in the public school system in the country. In our final year as was customary, we all wrote what we wanted to do after we left…
18 mins ago
Better known for his role in the development of the first world-accepted herbal ‘cure’ for sickle cell anaemia, Niprissan, Charles Obadiah Nimma Wambebe was a professor of Pharmacology and the pioneer Director-General/Chief Executive Officer of the National Institute for Pharmaceutical Research and Development (NIPRD), Abuja. During his tenure at NIPRD, he initiated and directed the…
19 mins ago
Federal Government has faulted the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, for saying that the ruling All Progressives Congress (APC) has done nothing for Nigerians in the last eight years. Minister of Information and Culture, Lai Mohammed, said this at the 7th edition of the President Muhammadu Buhari Administration Scorecard Series…