IPPG Solicits Support Over Security of Oil, Gas Facilities
By Teddy NwanunobiThe Independent Petroleum Producers Group (IPPG) has solicited the Federal Government’s support in protecting the oil and gas facilities from being attacked, especially in the South-Eastern part of the!-->!-->!-->!-->!-->…
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Global Refinery Capacity Fell 300,000bpd – OPEC
"Under the refinery capacity, the downstream sector in OECD countries declined sharply, while Asia and the Middle East added capacity"
* Proven crude reserves increased by 0.2%, gas reserves fell by 0.4%
By Teddy Nwanunobi!-->!-->!-->!-->!-->!-->!-->!-->!-->…
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Why Prices of Cooking Gas are Skyrocketing in Nigeria
By Danlami Nasir IsahNigerians are currently reeling under the rising prices of cooking gas which are on the increase in the country. Cooking gas, otherwise known as the liquefied petroleum gas (LPG), is used for domestic purposes,!-->!-->!-->!-->!-->…
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Oil Demand on the Rise – OPEC
• Crude Oil to remain number one fuel till 2045Energy and oil demand according to the Organization of Petroleum Exporting Countries (OPEC) have picked up significantly in 2021 after the massive drop in 2020 as economies recover!-->!-->!-->!-->!-->…
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The ‘War’ of Becoming an Oil-Producing State
"The making of the twin brides of Anambra and Kogi states was a struggle that took years and grit to prosecute. To say that lives were even sacrificed is to say the least"The emergence of Anambra and Kogi states as Nigeria’s!-->!-->!-->!-->!-->!-->!-->…
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Merits of NCDMB’s 10-Year Research and Development Roadmap
The recently launched 10-Year Research and Development Roadmap by the Nigerian Content Development and Monitoring Board (NCDMB), is a right step in the right direction, writes SAIDU ABUBAKARThe technocratic expertise of the!-->!-->!-->!-->!-->…
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Nigeria’s Q2’21 Oil Production, Dips by 6.02% – NBS
"Growth decreased by 10.44 per cent points, when compared to first quarter, which was 2.21 per cent"
By Fred OjiegbeNigeria’s average daily production stood at 1.61 million barrels per day, (mbpd) in the second quarter of 2021,!-->!-->!-->!-->!-->!-->!-->…
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Crude prices inch down amid demand concerns
Crude prices inched down for the second straight day on Wednesday amid concerns about a slowing Chinese economy as well as increase in the US output. At 1325 hours GMT, Brent, the international benchmark for two-thirds of the world’s!-->!-->!-->…
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OPEC: Nigeria’s Oil Reserves Dropped By 543million Barrels
"The Federal Government had repeatedly stated that it was making efforts to grow the country’s oil reserves in a bid to increase Nigeria’s revenue from crude sales"The 2021 Annual Statistical Bulletin of the Organisation of!-->!-->!-->!-->!-->…
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Petroleum Tankers Insist on October 8 Strike
“By the end of this week, if nothing is done about our demands, we will go on strike (properly)
By Teddy NwanunobiThe Petroleum Tanker Drivers (PTD) branch of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has!-->!-->!-->!-->!-->!-->!-->…
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