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Oil & Gas

NIPCO converts 5,600 vehicles from petrol to CNG

Thursday, November 8, 2018
NIPCO Plc has converted a total of 5,600 vehicles in Nigeria to use Compressed Natural Gas (CNG), as one of the company rsquo;s efforts at providing access and alternative to motorist to power their automobiles. Managing Director of the company, Mr. Sanjay Teotia, disclosed this on the sidelines ...

Vitol acquires producing assets in deepwater Nigeria

Friday, November 2, 2018
A consortium led by Vitol and comprising Africa Oil Corp ( ldquo;Africa Oil rdquo;) (25%), Delonex Energy Ltd. ( ldquo;Delonex rdquo;) (25%) and Vitol Investment Partnership II Ltd. ( ldquo;Vitol rdquo;) (50%), is pleased to announce that it has entered into a Share Purchase Agreement ( ldquo;SPA ...

Asharami Synergy highlights growth enablers for African downstream sector at OTL

Monday, October 29, 2018
The emerging lsquo;downstream of the future rsquo; will require a change in operating business model to accommodate a more integrated downstream value chain, service differentiation through technology and shift to importing cleaner fuel, Mrs. Moroti Adedoyin-Adeyinka, Managing Director, Asharami Sy ...

Nigerian shipping companies lack capacity to lift crude oil - NNPC GMD

Friday, October 26, 2018
Group Managing Director of the Nigerian National Petroleum Corpoation (NNPC), Dr. Maikanta Baru has said that Nigerian shipping companies do not have the capacity to participate in the affreightment of the nation rsquo;s crude oil. NNPC rsquo;s preference for foreign companies in shipping Nigeria ...

Waltersmith Begins Construction of 5,000 bpd Refinery

Thursday, October 11, 2018
Waltersmith Refining and Petrochemical Company Limited have expressed its readiness to contribute about 271 million litres of refined products annually towards the development of Nigeria rsquo;s economy. The Chairman and Chief Executive Officer, Waltersmith Petroman Oil Limited, Mr. Abdulrazaq Is ...

New Modular Refinery, Plant to Boost Nigeria’s Energy Capacity

Wednesday, October 10, 2018
The nation is set to add at least 5,000 barrels of oil per day and 300MW to its energy capacity with the entrance of Waltersmith Refining and Petrochemical Company rsquo;s 5,000 barrels of oil per day modular refinery situated at the Ibigwe Field in OPL 2004.According to the firm, the investment wil ...

OPEC pumps more oil to offset Iran sanctions impact

Tuesday, October 9, 2018
Crude oil futures traded lower in the European morning Monday as expectations of increased global crude oil supply outweighed those of the impact of US sanctions on the Iranian oil industry. At 1132 GMT, December ICE Brent crude futures were down $1.22 from Friday 39;s settle at $82.94/b, while ...

Fast-track Gas Pipeline Construction, Nestoil Urges Government

Friday, September 21, 2018
Ernest Azudialu-Obiejesi, chief executive officer, Nestoil Limited, has called on the federal government to increase the construction of gas pipeline. He said this would enhance access to natural gas supply by power-generating stations and other areas where gas is needed. At the second edition of ...
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“If success is the only option, then you are forced to succeed”
By: Kevin Abdulrahman