It’s now cheaper cooking with gas than kerosene, wood in Nigeria—BHIU
…However, fears rise over proliferation of gas refilling shops Contrary to yesteryears, a report released by Business Hilights Intelligence Unit (BHIU), an independent investment research arm of Business Hilights Group, has shown that “it is now more rewarding, safe and…
DPR to begin clampdown on fuel tankers exceeding allowable 33,000 litres
Due to incessant cases of fuel tanker fire nationwide coupled with bad federal and state roads, the Department of Petroleum Resources (DPR) has risen from its slumber to dust out an existing statutory provision which only allowed tankers not larger…
AI value chain in oil and gas to hit approximately $2.85 billion by 2022—FG
Permanent Secretary, Ministry of Petroleum Resources, Dr. Folasade Yemi-Esan, has averred that the global Artificial Intelligence (AI) market in oil and gas is estimated to reach approximately $2.85 billion by 2022, growing by compound annual rate of 12.66 per cent….
Explosions coming as DPR’s regulatory standards for LPG plants remain weak
Whereas the government is intensifying campaign on massive use of gas for domestic cooking so as to reduce pressure on logging and forest resources, investigations have revealed that the terms and conditions for the establishment of roadside gas refilling shops…
Chevron contains Ojumole Well inferno, Commits to Protecting People, Environment
Chevron Nigeria Limited (CNL), operator of the joint venture (JV) between the Nigerian National Petroleum Corporation (NNPC) and CNL (NNPC/CNL JV) confirms that at about 10:00 p.m. on Thursday, April 18, 2019, a fire was observed at the Ojumole Well…
Confusion for Kachukwu, DPR as Reps begin probe of oil, gas lease renewal
For observation of alleged irregularities in the ongoing oil and gas lease renewal under the watch of the Minister of State for Petroleum Resources, the House of Representatives has adopted a resolution to investigate Dr Ibe Kachukwu. Apart from the…
Two crude oil threats capable of frustrating 2019 national budget identified
Energy experts have identified two disturbing threats that may make or mar Nigeria’s 2019 budget implementation as far as earning money from oil sales is concerned. Whereas the first is observed steady drop in oil prices, the next and more…
Expert lists 3 factors frustrating investors in Modular refinery
Leading industry analyst and petroleum engineer, Dr. Bala Zaka has given insights on the key challenges hobbling effective takeoff of licencees of modular refineries in construction activities. In an interview he said the government’s long-standing policy of regulating the prices…
DPR shuts 19 Skid gas plants over poor safety standards in Ogun
The Department of Petroleum Resources (DPR), Abeokuta Field Office, has shut down 19 Liquefied Petroleum Gas (LPG) and skid plants in Ogun State over their breaches to safety standards and operating without approval. Operation Controller of DPR, Abeokuta Field Office,…
Using contractor-financing model, NNPC set to name refineries’ renewal bid winners
The Nigerian National Petroleum Corporation (NNPC) has given fresh indications that strong arrangements are in top gear to meet the national target of ending fuel import come 2019. Speaking as a special guest of honour at the Offshore Technology Conference…
