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Oil and Gas

By naec
In Oil and Gas
Dec 9th, 2017
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2 Views
The international oil company, TOTAL is currently developing two new oil fields offshore Nigeria and in Angola, both calculated to produce 80, 000 barrels of crude oil per day. The projects located at Ikike field, in shallow waters of the Niger Delta, and Zinia phase 2 in deepwater Angola, will deliv...
By naec
In Oil and Gas
Dec 9th, 2017
0 Comments
1 Views
The Nigeria Liquefied Natural Gas, NLNG, has committed to supply 350,000 metric tonnes of Liquefied Petroleum Gas, LPG, also known as cooking gas to the domestic market on a yearly basis. NLNG Manager in charge of Sales Administration, Mr. Ahmed Joda said this during a presentation titled “Unlocking ...
By naec
In Oil and Gas
Dec 9th, 2017
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1 Views
Petrolex Oil and Gas Limited, Africa’s emerging indigenous energy giant, is set to launch its ultra-modern tank farm facility on 12, December 2017, at Ibefun, Ogun State as part of Petrolex Mega Oil City, planned to revolutionise the Nigerian oil and gas landscape. A first of its kind in sub-Saharan ...
By naec
In Oil and Gas
Dec 9th, 2017
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1 Views
Apapa is home to two of Nigeria’s busiest seaports, several tank farms and a number of big companies. Business activities in the area are a big component of Nigeria’s economy, however, despite its importance, the deplorable condition of Apapa—caused overtime by the failure of government to expand inf...
By naec
In Oil and Gas
Dec 6th, 2017
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6 Views
The Federal Government has ordered the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, to ensure that the fuel scarcity currently being witnessed across the country does not extend beyond this weekend. The directive was given to the minister on Wednesday during the weekly meetin...
By naec
In Oil and Gas
Dec 6th, 2017
0 Comments
5 Views
The Department of Petroleum Resources (DPR) has compelled private depots with products to give priority to Lagos State in order to end the present scarcity of petroleum in the country. Mrs Ijeoma Otti-Onyeri, the Assistant Director, Retail Outlets Monitoring, Downstream Division, DPR gave the order d...
By naec
In Oil and Gas
Dec 4th, 2017
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5 Views
A leading indigenous energy firm, Forte Oil Plc, has commissioned alternative solar energy solution tagged ‘Green Energy’ solution for medium income earners. Speaking during the launch, the Group Chief Executive Officer  (GCEO), Forte Oil Group, Mr. Akin Akinfemiwa, stated that “we ...
By naec
In Oil and Gas
Nov 30th, 2017
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6 Views
NNPC Retail Limited, the retail arm of the Nigerian National Petroleum Corporation (NNPC), has declared it determination to promote the consumption of Liquefied Petroleum Gas, otherwise called cooking gas. The Managing Director of the subsidiary, Mr. Yemi Adetunji, disclosed this in Abuja yesterday a...
By naec
In Oil and Gas
Nov 30th, 2017
0 Comments
4 Views
Saudi Arabia and Russia have agreed that Organization of Petroleum Exporting Countries (OPEC) and non-OPEC allies should announce an extension of the cuts at the highly-anticipated meeting in Vienna on November 30, Bloomberg quoted people familiar with the talks. Recent OPEC/non-OPEC oil pact chatter...
By naec
In Oil and Gas
Nov 30th, 2017
0 Comments
10 Views
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, recently suggested guidelines for Nigeria to achieve the much desired diversification of its economic base away from the vulnerability and fragility of oil and gas revenue. Speaking at the 40th Pre-Convoc...