The combined yield efficiency of Nigeria’s refineries has crashed to zero, the latest report on the performance of the facilities has shown. Nigeria’s refineries are the Warri Refining and Petrochemical Company, Kaduna Refining and Petrochemical Company, and Port Harcourt Refining Company. In the report, which was released by the Nigerian National Petroleum
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The Executive Secretary/CEO of Nigerian Shippers Council (NSC), Mr. Bello Hassan, has said the maritime industry would become the largest contributor to budget funding in no distant time. According to him, Nigeria needs modern transport infrastructure, especially at the ports.According to him, the Lekki port has become the cynosure of all
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Siemens Limited Nigeria (SLN) has deepened its commitment to enhancing local content in the Nigeria’s oil and gas sector through the provision of innovative equipment, deployment of technology and offering aftermarket services. A statement issued by Vice President Services and Digital, SLN, Seun Sulieman, explained that SLN had been having the
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The 650,000 barrels per day(bpd), Dangote Petroleum refinery has announced the completion of pilling works described as the largest in the world. Group Executive Director (GED), Strategy, Capital Projects and Portfolio Development for Dangote, Mr. Edwin Devakumar, disclosed this on the sidelines of the close out/graduation ceremony for the Ibeju/Lekki Youth
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The Federal Government has said the closure of the land borders by the Nigeria Customs Service has cut down the consumption of Premium Motor Spirit, also known as petrol, from 60 to 52 million litres per day. This represents a difference of eight million litres per day. The Minister of State
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After a strong start in the first half of the year, the pace of orders slowed down with only four (one FPSO, one FSRU, and two LNG FSOs) announced in 3Q, according to Energy Maritime Associates’ (EMA) latest Floating Production Systems Report. This brings the total number of units awarded in
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Oil and gas companies have discovered 7.7 Bboe year-to-date, according to Rystad Energy’s latest global discoveries report. Palzor Shenga, senior analyst on Rystad Energy’s upstream team, said: “The industry is well on track to repeat the feat achieved in 2018 when around 10 Bboe of recoverable resources were discovered.” Russia has seen
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The Nigerian National Petroleum Corporation (NNPC), yesterday, expressed worries over the increasing menace of oil pipeline vandalism which hit a record high of 228 ruptured points in July, 2019 alone. The latest act of sabotage is contained in the corporation’s July, 2019 Monthly Financial and Operations Report (MFOR) informed that the
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Mrs Audrey Joe-Ezigbo is the president of Nigerian Gas Association (NGA) and co-founder/executive director, Falcon Corporation, an indigenous oil and gas company. In an interview on how natural gas has fared in Nigeria’s 59 years of independence, she says there is a difference from where we were as a country. How
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The global offshore rig market is set to continue its tentative recovery for the foreseeable future, according to IHS Markit. These findings are set out in a recent blog post entitled “2021 offshore rig market: Out of intensive care but in rehab.” Overall, demand continues to rise, albeit in a more muted
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