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Oil and Gas

By naec
In Oil and Gas
Feb 13th, 2018
0 Comments
4 Views
The Federal Government recently launched a 20-year master plan of the Transmission Company of Nigeria (TCN), outlining steps to reaching a 35,000 megawatt (MW) electricity wheeling capacity in 20 years. This piece looks at the plan to see if it could be the magic wand to satisfy the yearning of Niger...
By naec
In Oil and Gas
Feb 12th, 2018
0 Comments
7 Views
Newly trained Dangote Refinery graduate engineers have promised an end to the ongoing fuel scarcity in the country when  the Refinery takes off. The engineers just returned from a training programme at Bharat Petroleum Corporation Ltd. in India, the company said today.  The engineers have promised to...
By naec
In Oil and Gas
Feb 8th, 2018
0 Comments
11 Views
Insufficient supply of premium motor spirit (PMS) otherwise called petrol has continued to compel many fuel stations in different part of the country to ration the product causing queue of vehicles at retail stations to soar. A record of daily PMS truck out to Abuja and environs since January 1, 2017...
By naec
In Oil and Gas
Feb 8th, 2018
0 Comments
9 Views
New deepwater projects must set new records beyond in-country integration of the Floating, Production, Storage and Offloading (FPSO) vessels, the Nigerian Content Development and Monitoring Board (NCDMB) Executive Secretary (ES), Simbi Wabote, has said. He spoke at the reception for the Total Upstrea...
By naec
In Oil and Gas
Feb 8th, 2018
0 Comments
5 Views
The Federal Government’s inability to improve fuel supply is caused by  the dysfunctional state of the refineries, failure to pay marketers their over N800 billion subsidy debts and poor maintenance of the majority of the 22 depots owned by the  Nigerian National Petroleum Corporation (NNPC), The Nat...
By naec
In Oil and Gas
Feb 6th, 2018
0 Comments
10 Views
The Niger State office of the Department of Petroleum Resources (DPR) was razed by fire on Tuesday It was learnt that the fire which occurred on Monday evening was caused by electrical spark. Addressing journalists after the incident in Minna, the state Operations Controller of DPR, Engr. Abdullahi I...
By naec
In Oil and Gas
Feb 6th, 2018
0 Comments
8 Views
A group under the aegis of Committee of Directors (COD), Ibru Complex, Ibafon, Apapa in Lagos have facilitated the repairs of the dilapidated portions of the Apapa-Oshodi expressway. The group, which comprises tank farm owners operating at the Ibru Jetty, said they provided N222.5 million for the con...
By naec
In Oil and Gas
Feb 6th, 2018
0 Comments
9 Views
Exxon Mobil Corporation announced estimated 2017 earnings of $19.7 billion, or $4.63 per share assuming dilution, compared with $7.8 billion in 2016. U.S. federal tax reform in the fourth quarter resulted in a non-cash earnings gain of $5.9 billion, due to revaluation of deferred income tax balances....
By naec
In Oil and Gas
Feb 2nd, 2018
0 Comments
8 Views
Conoil Producing, owned by business mogul Chief Mike Adenuga has reportedly found commercial sized hydrocarbon footage in its Tolu Ejanla-1 in Oil Mining Lease, OML 103 in the Niger Delta. The discovery was made in the fourth quarter of last year after rigorous search and drilling jack up with the Ad...
By naec
In Oil and Gas
Feb 2nd, 2018
0 Comments
8 Views
Nigerian oil and gas sector is very crucial to the survival of the nation because it provides for 95 per cent of Nigeria’s foreign exchange earnings and 80 per cent of its budgetary revenues. Although, the sector is regarded as one of the most corrupt and least transparent sectors in the world, no th...