The Dangote Oil Refining Company (DORC) Ltd. has taken delivery of one of the major components of its refinery equipment, the Regenerator for the Residual Fluid Catalytic Cracker (RFCC). (more…)
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Premium Motor Spirit (PMS) or petrol valued at N2.289 trillion was imported in the country in 2018, a report from the Nigeria Bureau of Statistics (NBS) said. According to the report, a total of N802.4 billion was imported in the first quarter of the year, N744.28 billion in the second quarter
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The Petroleum Products Pricing Regulatory Agency (PPPRA) said it has observed a downward trend in the Expected Open Market price of petrol to be below the government approved pump price of N145/litre due to the recent plunge in the price of crude oil in the international market. (more…)
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With the successful completion of the Egina Floating Production Storage Offloading (FPSO) unit and the achievement of First Oil in the facility, Samsung Heavy Industries, together with partners, could be justified in spending time looking back with pride. According to a statement by the company at the weekend, the completion of
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AT a time the oil cartel, the Organisation of Petroleum Exporting Countries, OPEC, embarked on an 800,000 barrels per day production cut for the next six months, with Nigeria contributing about 40,000 barrels, the country’s rig count took a nosedive by 6, as it recorded 28 in November as against
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A total of 42 oil block licences held by some international and indigenous operators will expire this year, data obtained from the Department of Petroleum Resources on Monday showed. The renewal of the licences is expected to boost government revenue and encourage more investment in the nation’s oil and gas industry.
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The Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that the country’s refineries have not undergone Turn Around Maintenance, TAM, for an aggregate of 42 years. (more…)
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DESPITE its 202 trillion standard cubic feet, scf, gas reserves, Nigeria has not been able to harness enough of its gas for power generation, as a result of many challenges, including low investment, inadequate funding of projects and huge indebtedness to gas suppliers. (more…)
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THE Senate and House of Representatives Committees on Local Content have endorsed the $48 million pipe coating plant of Solewant Group as a model in Nigeria, under the Nigerian Content Oil and Gas Industry Content Development (NOGICD) Act. (more…)
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Royal Dutch Shell said on Wednesday it has begun output at its Prelude Floating Liquefied Natural Gas facility in Australia, the world’s largest floating production structure. It is also the last of a wave of eight LNG projects built in the country over the last decade. The project started up later and
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