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Tags: Oil

Shell discovers over 1trn cubic feet of gas in Eastern Nigeria

Shell discovers over 1trn cubic feet of gas in Eastern Nigeria

Shell’s geoscientists have put a figure on the company’s recent gas and condensate discoveries, made in the course of a drilling campaign onshore Eastern Nigeria. The company encountered 1.5Trillion cubic feet of gas and 42 Million barrels of condensate, in shallow and deep reservoirs. The revelation came in the course of several technical sessions at… READ MORE

Are we on the verge of another  scarcity?

Are we on the verge of another scarcity?

Should the Federal Government fail to settle outstanding debts totalling N800 billion, there may be a fuel scarcity during the festive season as oil marketers have unanimously issued a seven-day ultimatum to the President Muhammadu Buhari-led administration. The oil marketers, comprising Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DPPMA) and… READ MORE

African marginal producers urged to leverage opportunities

African marginal producers urged to leverage opportunities

Chairman, Green Energy International Ltd., Prof. Anthony Adegbulugbe, has said marginal oil field producers in Africa must leverage unique opportunities in the oil and gas business to survive. Adegbulugbe, who spoke at the African Marginal & Independent Oil and Gas Producers Conference, in London, argued that marginal oil producers holds significant promise for the robust participation of skilled… READ MORE

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

Why NLNG abandoned Nigeria’s ship registry

Why NLNG abandoned Nigeria’s ship registry

Contrary to belief by some stakeholders that the Nigerian Liquefied Natural Gas, NLNG, prefers its vessels registered abroad, facts have emerged that the company which has a large fleet of ocean going ships, abandoned registration in Nigeria because of substandard registry. All vessels, according to the rules of the International Maritime Organisation, IMO, are expected… READ MORE

Ghost companies allegedly lift N1.1trn worth of crude oil

Ghost companies allegedly lift N1.1trn worth of crude oil

Some indigenous companies not registered by the Corporate Affairs Commission (CAC) have lifted Nigerian crude oil grades valued at U.S.$3.5 billion (about N1.1 trillion) in the last 10 months, Daily Trust reports. A four-month enquiry into Nigerian and global corporate registries by Daily Trust showed that the repeated failure by the Nigerian National Petroleum Corporation (NNPC) to… READ MORE

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