Latest investment in gas-to-power may earn Benin Rep net exporter soon
The narrative that Nigeria exports electricity to neighbouring countries including Benin Republic may begin to enter reverse gear, if the ongoing massive investment in gas-to-power in Porto-Novo and other cities. With a population of less than 12 million and a…
African oil economies with better fiscal terms attracting investors more—Lekoil GMD
Chief Executive Officer of Lekoil Group, Mr. Lekan Akinyanmi, has called for flexible and seamless fiscal terms in oil deals to retain existing investors and attract more to Nigeria. Lekoil is an AIM-listed oil and gas exploration and Production Company…
High distillate yields driving market attraction for medium sweet Egina crude in EU
The reason for jumping demand for Nigeria’s newest export crude, the medium sweet Egina, European refiners has been revealed. Industry analysts said the rare quality of high distillate yields remains a strong comparative advantage for Total-operated field which has since…
Students, group seek NGFCP boss insights on future of oil, gas flaring in Nigeria
In view of his industry expertise and strategic handling of ongoing process to drive gas flare commercialization in Nigeria, the Program Manager of Nigerian Gas Flare Commercialization Programme (NGFCP), Federal Ministry of Petroleum Resources, Mr Justice Derefaka, has been invited…
Lagos 2019 Power Nigeria summit to review challenges as supplies worsen
The current drop in supplies of electricity nationwide due to issues bordering on transmission crisis despite upon the $1.63bn intervention so far made by the government arm of the industry, the Transmission Company of Nigeria (TCN) will take centre stage…
Jubilations as Oriental Energy hits massive oil in Ebok Deep OML 67
Leading indigenous oil exploration group, Oriental Energy Resources Limited (OERL), has made public, its successful discovery of oil in two deep prospects identified during extensive subsurface studies in its offshore Ebok field. Business Hilights recalls that the group had commenced…
Buhari has over delayed bidding process for oil blocks, marginal fields— Emafo
The Managing Director, Eroton E and P, Mr. Ebiaho Emafo, has expressed worries over what he described as suffering amidst plenty, saying the delays in processing oil block and marginal fields’ awards translates to seating on money than making use…
Algeria now refines sufficient fuel to meet domestic demand— Minister
…As Dangote votes 53% refinery capacity for petrol Algeria has set fresh African record of being the first in current generation to refine sufficient petroleum for its country. This was revealed Thursday by the newly appointed Energy Minister, Mohamed Arkab….
Latest African Oil and Gas Outlook for 2019 promising—AOW
Fresh report released by Africa Oil Week (AOW) in partnership with Menas Associates about what lies in store for Africa’s oil and gas industry has concluded that, on balance, the continent’s economic performance is promising. Their prediction is coming on…
Sinopec’s world largest atmospheric tower for Dangote refinery arrives next month
In the next one month, Dangote Refinery in Lekki will take delivery of completed furnace-like equipment that will process crude oil into series of petroleum products from Ningbo, China. According to a Citac analyst, Jeremy Parker, who spoke to Reuters,…
