Industry

Data and Analytics Company, Global data has stated that Nigeria is set to lead refining capacity additions from planned and announced (new-build) projects in Africa by 2024.The company’s report, ‘Global Refining Industry Outlook 2020…
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-By Gideon OsakaAmidst calls by stakeholders and Nigerians to fix Nigeria’s ailing refineries for optimum productivity, the Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari has pledged the…
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-By Gideon Osaka Global oil demand is expected to drop this quarter for the first time in over a decade as the coronavirus batters China’s economy, the International Energy Agency, IEA has said.It explained that given the…
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-By Gideon Osaka Nigeria’s effort to ensure local sufficiency in refined petroleum products has been severally affected by the inability of the country’s refineries to work at full capacity.Statistics indicates that Nigeria…
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-By Benjamin IkeUnless immediate moves are undertaken to address the imbalance between the actual landing cost and retail pump price of fuel across the country, Nigeria’s financial crises may ultimately take a turn for the worse in…
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…As NASS plans to amend NOGIC Act -By Gideon OsakaThe local content policy of the Federal Government may not achieve the expected results if the issue of capacity utilisation is not urgently addressed, oil industry stakeholders…
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-By Gideon OsakaThe pivotal role oil and gas plays in the Nigerian economy is immeasurable. The sector contributes an estimated 56.8% of National revenue according to the Central Bank of Nigeria (CBN) Quarterly Economic Report Q4…
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…Board to record US$360m Annual Turnover from Partnerships -By Danlami Nasir IsahThe Nigerian Content Development and Monitoring Board (NCDMB) recently organised an onboarding capacity building workshop for members of the Senate…
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-By Fred OjiegbeThe Managing Director of Total Exploration and Production Limited, Mike Sangster has described the Egina Floating Production Storage Offloading, FPSO, as an unprecedented technology game-changer in Nigeria’s oil…
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-By Fred OjiegbeThe international oil companies, IOCs may not be keen to fully harness the gas potential of Nigeria unless there is a guaranteed sustainable payment for the product, Engr. Yusuf Usman, Chief Operating Officer, (COO)…
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