The 2017 OTC and the lesson for Nigeria
Little wonder that, as the energy capital of the world, It hosts the Offshore Technology Conference, OTC, which is a trade and business exhibition that gathers practitioners from all over the world.
Global oil discoveries fall to lowest level in 70 years
Global oil discoveries fell to a record low in 2016, as companies continued to cut spending, and conventional oil projects sanctioned were at the lowest level in more than 70 years...
Nigerdock boosts local content, graduates 48 professional trainees
As part of its commitment to improve the Nigerian local content for the energy sector, Nigerdock, through its Training and Development Academy, has recently graduated...
NLNG process five trillion cubic feet of associated gas
Nigeria LNG Limited (NLNG) has so far processed for export and domestic use, more than five trillion cubic feet of associated gas, which previously would have been flared...
Stakeholders urge government to revive rail system to curb pipelines vandalism
Some stakeholders in the oil and gas industry have advised the Federal Government to revive the country’s rail system for petroleum products transportation to ameliorate the challenges of pipelines vandalism.
World Bank expects oil prices to hit $60 per barrel in 2018
The World Bank has retained its forecast for crude oil prices this year at $55 per barrel, but its projecting a price increase of $60 a barrel by 2018, owing to production cutback of petroleum exporting countries.
Experts say Nigeria not ready for digitilised power system
Industry experts at a recent Siemens Customer Forum have revealed that Nigeria is not yet mature enough for digitalised networks in her power system owing to investment challenges.
BEDC resolves 128,000 complaints on low supply, bill estimations
Managing Director/CEO, Benin Electricity Distribution Plc (BEDC) Funke Osibodu, said this at the commissioning of the company’s Asaba Customer Complaints Forum Office in Delta State.