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Tags: Ibe Kachikwu

Propane’s role in improving health, environmental standards

In India, Indonesia, China, parts of Africa and developing nations around the world, many women are spending hours every day cooking over flames fueled by wood, charcoal, animal dung or kerosene. In order to feed themselves and their families, they are exposed to deadly air pollutants produced by these fuels. According to the World Health Organization… READ MORE

Propane production consistently exceeding 2 million bpd

Propane production consistently exceeding 2 million bpd

Throughout the summer, we monitor inventory builds very carefully and provide data and analysis in our daily reports. By this time of year, we usually start monitoring heating degree-days and only report on the inventory data when the Weekly Petroleum Status Report from the Energy Information Administration is released. We typically make the switch when… READ MORE

Nigeria requires $16.5bn to achieve 40bn barrels oil reserves target

Nigeria requires $16.5bn to achieve 40bn barrels oil reserves target

To achieve the set target of 40 billion barrels crude oil reserves by 2020, the hydrocarbon industry will require between $13 and $16.5billion over the next five years, the Chief Operating Officer, Gas and Power, Nigerian National Petroleum Corporation (NNPC), Saidu Mohammed, has said. According to Mohammed in the current edition of NNPC Newsletter, under… READ MORE

How Falana’s Letter to Kachikwu Exposed Nigeria’s Huge Losses in Deep Offshore PSCs

How Falana’s Letter to Kachikwu Exposed Nigeria’s Huge Losses in Deep Offshore PSCs

Indications have emerged that a letter written by a human rights activist and Senior Advocate of Nigeria (SAN), Mr. to the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, when he was the Group Managing Director of Nigerian National Corporation (NNPC), exposed Nigeria’s huge losses in the Production Sharing Contracts (PSCs) signed with the… READ MORE

OPEC Caps Nigeria’s Oil Output At 1.8m bpd

OPEC Caps Nigeria’s Oil Output At 1.8m bpd

The Organization of Petroleum Exporting Countries (OPEC) yesterday approved the capping of Nigerian oil production at 1.8 million barrel per day (bpd). Accordingly, OPEC called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices. A ministerial committee of OPEC and non-OPEC known as the Joint… READ MORE

Stakeholders seek more attention for domestic gas market

Stakeholders seek more attention for domestic gas market

Stakeholders in the oil and gas sector have reiterated the need for managers of the Nigeria gas sector to rethink and change focus towards developing the local gas market. The industry experts while sharing their thoughts on the recently approved national gas policy observed that without losing track of the international gas market, government focus… READ MORE