Powergas Nigeria, a domestic Compressed Natural Gas (CNG) Distribution Company and European Technologies for Africa (ETEFA)- an Austrian green technology company, are investing in the development of CNG as an alternate fuel for mass-transit and haulage sector in the country. To commence the pilot project of employing “One City Bus and One Truck” initiative, the
NIGERIA: The Guardian to hold oil & gas award June 23
The Guardian has disclosed plans to organise an Oil & Gas Roundtable and Awards on June 23, 2018.The event would hold at the Eko Hotel & Suites, Victoria Island, Lagos from 5:00p.m. The theme of the roundtable is: “Driving Sustainable Gas to Power Initiatives in Nigeria: Challenges and Opportunities.” It would feature a keynote presentation and panel
Nigeria still depends on IOCs to ascertain oil export – NNRC
The Federal Government still depends on International Oil Companies, IOCs, to know the exact volume of oil and gas exported to the global market. Chairman, Experts Advisory Panel, Nigeria Natural Resource Charter, NNRC, Mr. Odein Ajumogobia, who made this known at a workshop to consider outstanding remediation issues on Nigerian Extractive Industries Transparency Initiative, NEITI,
Nigerian Oil Terminal Delays Add To Supply Concerns
Following disruptions of the oil flows on the pipeline feeding the Forcados terminal in Nigeria, the facility faces more than two weeks of delays of oil cargo loadings, and no official June or July loading schedules have been released yet, trading sources told Platts on Tuesday. The flow of crude oil to the Forcados terminal is
Egypt’s natural gas production increases by 20.5% YoY
Egypt’s production of natural gas increased by around 20.64% year-on-year (YoY), reaching 3.437 million tons in March 2018 compared to 2.849 million tons in March 2017, Egypt Oil & Gas reports. Statistics published by the Central Agency for Public Mobilization and Statistics (CAPMAS) reveal that consumption of natural gas in Egypt rose by around 9.3%
EGYPT: Dana Gas to Begin Exploratory Drilling in North Arish Concession
Dana Gas will start drilling the first exploratory well at Block 6 of the Mediterranean North Arish concession before the end of 2018, Amwal Al Ghad reported. North Arish is the first offshore concession to be operated by Dana Gas, and is located in the East Nile Delta concession area. The North Arish concession has promising potential
Libyan protesters shut down Raguba oilfield
Libyan protesters shut down on Wednesday the eastern Raguba oilfield which had 5,000 barrels per day (bpd) of crude production feeding Brega port, said a spokesman for the owner, state-run Sirte Oil. The protesters had been threatening to shut down oilfields and pipelines passing through their remote home region of Marada unless authorities improve state
NIGERIA: NNPC plans strategies to stay in business
The Nigerian National Petroleum Corporation (NNPC) has said that it is working on the right strategies to remain in business for a long time. The Group Managing Director of the corporation, Maikanti Baru, who spoke at the NNPC first quarter 2018 top management steering committee meeting in Abuja at the weekend, said in order to operate as
NIGERIA: NNPC to begin retail of petrol across West Africa
The Nigerian National Petroleum Corporation (NNPC) would begin retailing of petroleum products across markets in the Economic Community of West African States (ECOWAS) in the next two years. NNPC Group Managing Director, Maikanti Baru, who rebranded key downstream subsidiaries of the group yesterday, in Abuja, said the company would own 30 per cent market share
US oil and gas production is leaving Saudi Arabia and Russia behind
For seven straight years, the US has pumped more oil and gas out of the ground than any other country. That lead will only widen, states the US Energy Information Administration (EIA). The independent energy statistical agency describes the US as “the undisputed oil and gas leader in the world over the next several decades.” It