Oilserv’s largest Africa’s Gas Treatment Plant’ll be delivered in Sept—CEO
Possible delivery date has emerged for the Oilserv Group’s multi-billion naira Obiafu-Obrikom-Oben (OB3) ‘Lot A’ gas pipeline for the largest Gas Treatment Plant (GTP) in Nigeria and by extension Africa. Chairman and chief executive officer of the group, Chief Emeka…
Failure to resuscitate refineries 3 years on, may embarrass FG today at NIPS
One of the most unexplainable embarrassments to the present government among the comity of oil producing economies as Nigeria begins to host the world at the Nigeria International Petroleum Summit (NIPS), is the moribund nature of all four national refineries….
New strategy tailored to reduce oil production cost to $2 per barrel coming
Indication has started to emerge showing that Nigerian government has been working on the possibility of reducing aggregate cost of producing one barrel of oil to as low as $2. This is coming on the heels of a new deal…
Anxiety as OPEC mulls asking Nigeria to cut oil production
At a time the Nigerian economy is looking onto rising output and oil price to rescue the economy from recession, indication has emerged that the Organisation of Petroleum Exporting Countries (OPEC) may be convinced soon to ask Nigeria and Libya…
Conversion of illegal refineries to modular may worsen environmental crisis in N/Delta if…
Petroleum products refining experts have warned the federal government to be very careful in setting out the guidelines for the conversion of hundreds of illegal refineries popularly called ‘Kpor-Fire’ in the oil rich Niger Delta for the sake of associated…
Ease of doing business getting better in maritime sector, NIMASA DG claims in Houston
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has said that the Ease of Doing Business Initiative programme, coordinated by Vice President Yemi Osinbajo is yielding fruits particularly in the maritime sector as…
Emulate Dangote or get ready to lose your oil refinery licence, FG warns licensees
The Federal Government on Wednesday in far away Huston Texas, handed down a rare ultimatum to oil refinery licensees who are yet begin construction works to emulate Aliko Dangote or lose the validity as soon as possible. Minister of State…
Why indigenous, IOCs returned to profitability even in recession
From far away Houston Texas, United State of America at the venue of the ongoing Offshore Technology Conference (OTC), indications have emerged that both the federal government and oil and gas companies including local and International Oil Companies (IOCs) are…
