Solid minerals in Nigeria: An overview (1)
A mineral is a naturally occurring substance that is solid and inorganic, representable by a chemical formula, usually abiogenic and has an ordered atomic structure.
‘Options to petroleum as forex earner’
The plummeting crude oil prices’ has phenomenally pounded in the last one and half years, the respective economies of Organisation of Petroleum Exporting Countries (OPEC) members that are reliant on the commodity as major foreign exchange earner.
Tougher times await oil producing countries as Iran hits market
For the first time since the nuclear deal with the West was implemented, Iran has exported a crude oil shipment to Europe, but, experts believed that the country’s coming into the market, would further affect the declining crude oil prices and increase the ever rising global glut. IRNA News Agency quoted Deputy Oil Minister Rokneddin…
Nigeria to partner UK on capacity building for oil sector’s growth
PLANS are underway to open up the possibility of Nigeria partnering United Kingdom for the building of capacity aimed at boosting the growth of the Nigerian oil and gas sector. The Minister State for Petroleum Resources, Dr. Ibe Kachikwu, disclosed this in Abuja recently when the British Minister of State for Foreign and Commonwealth Affairs,…
UK subsea engineering firm increases presence in Nigeria
The Nigeria’s local content law has received major boost sequel to the establishment of UK Subsea Engineering and Manufacturing firm (MSCM) in a Joint Venture agreement with a Nigerian firm, Padua Petroleum Nigeria Limited (PPNL). The JV agreement gave birth to MSCM-PPNL Subsea Solutions Nigeria Limited, which is poised to increase subsea technology transfer, reduce…
Drilling practice: The good, the bad and the ugly (3)
The biggest oil spill in the history of mankind with the biggest settlement in the history of drilling happened about six years ago (20th April, 2010 to 15th July, 2010) in the Gulf of Mexico, near the Missisippi River Delta in the United States of America with 11 people dead, destruction of marine life, pollution…
Oxford Business Group’s report considers new role for LPG
The major part that liquefied petroleum gas (LPG) could play in helping Nigeria to reduce fossil fuel emissions is one of many topics explored by Oxford Business Group (OBG) in its latest economic report on the country. Speaking to OBG as part of the group’s research for The Report: Nigeria 2016, Dayo Adeshina, the President…
African leaders harp on access to universal electricity
The provision of universal access to electricity was the major subject of discussion at a panel on energy in Davos, Switzerland, during a live televised debate on “Africa’s Next Challenge”.
Drilling practices: The good, the bad and the ugly (2)
A mudlogger is a specialist responsible for the interpretation of drilling and geological data. To this end, he has different specialized sensors mounted in strategic parts of the drilling rig.
How to raise profile of oil business, by experts
Experts, who gathered at a forum organized by the Nigerian Association of Petroleum Explorationists (NAPE), have emphasised the need for the Federal Government to provide a conducisive environment to enable oil companies cope with the challenges of declining crude oil prices.
OWA prepares Africa for future energy challenges
OWA prepares Africa for future energy challenges THE just concluded 20th anniversary of Offshore West Africa conference and exhibition (OWA), held in Lagos, played host to a record-breaking attendance for the second year in succession, even as it presented several measures to curtail future energy challenges in the region. With over 2,700 visitors and delegates…