18 results
- 17 Oct 2013
AfDB Sees Opportunities in Africa's Shale Gas Production
Several African countries have potentially viable shale gas deposits, which, if developed, could lead to lower gas prices, increased consumption of natural gas, and reduced greenhouse gas emissions…
- 17 Oct 2013
NNPC Says No Cause For Alarm over IOCs Divestment
Nigerian National Petroleum Corporation (NNPC) has dismissed fears that the recent spate of divestment of onshore oil blocks by International Oil Companies (IOCs) may lead to crisis in the nation’s…
- 5 Jun 2014
US Dumps Nigeria Crude Oil
United States of America (USA) has finally stopped importation of crude oil from Nigeria, this is sequel to the discovery of Shale oil and gas in commercial quantity. Mrs. Diezani…
- 6 Aug 2013
Escravos-Gas-to-Liquids Project Ready
The long awaited Escravos-Gas-To-Liquids (EGTL) project, operated by Chevron Nigeria, looks set to come on stream before the end of the year. The $9.5 billion project's aim is to produce…
- 31 Jul 2014
DHL Says African Oil & Energy Sector Fuelling Global Investor Growth
While exploration activity in Africa is at its highest level ever, the continent remains largely unexplored. While Oil and Gas activity in West Africa is nothing new, it is the activity in East…
- 23 May 2014
Lagos Partners DISCOS on Stable Power Supply
Lagos State Government said it is partnering with both the Eko and Ikeja Electricity Distribution Companies in making the power supply for the State stable. Dr. Taofiq Ajibade Tijani, State…
- 9 Apr 2014
Nigeria’s Crude Export to US Depreciates by 91%
The negative effect of shale oil exploration in the United Stated of America, USA, and other parts of the world is already telling on Nigeria as her crude oil export to North America dropped by 91.31…
- 1 Apr 2024
Sustainability of Clean and Renewable Energy
By Okoko Chidozie Christian [email protected]; 09025179984. Modern civilization is possible because people have learned to change energy from one form to another, then use it to do work.…
- 11 Jun 2018
Looking Beyond Oil Price Collapse Towards Post Recovery Savings (Part 2)
By Austin Okere I will attempt to share the justification for this projection from the insights expressed by experts at various fora, and my own informed postulations. Depending on which expert you…
- 20 Jun 2016
FMC Technologies Expands Subsea Services Support in Nigeria
FMC Technologies, Inc. recently celebrated the official opening of its state-of-the-art subsea services support center in Onne, Port Harcourt, and the completion of the first subsea tree fully…
- 29 Apr 2015
FMC Technologies, UniPort to Develop Next-Gen Subsea Engineers
FMC Technologies, Inc. announced on Tuesday, collaboration with one of Nigeria’s premiere academic institutions, the University of Port Harcourt, with the intent to create the first Master of Science…
- 12 Dec 2012
Total Sells Nigerian Assets, others to Pay Dividends
Total SA (FP), the French energy company has said that it will sell its assets in France and Nigeria and that it will use the proceeds to pay dividends and develop oil and gas ventures as it rules…
- 29 Nov 2014
Oil Prices: OPEC No Longer in Charge
The failure of the cartel partners in the Organization of the Petroleum Exporting Countries (OPEC) to agree to a production cut that would put a brake on plummeting crude prices show that the cartel…
- 30 Oct 2020
Chevron to Embark on More Job Cuts over Crude Oil Price Collapse
Chevron is considering more job cuts as it announced that it will lay off about 25 per cent of Noble Energy’s employees who joined the company after its $4.1 billion purchase of the smaller rival…
- 21 Jan 2014
Shell to Divest $15Bn Assets in 2yrs
Shell, the Anglo Dutch oil company is reportedly planning to divest up to $15 billion worth of assets over the next two years. In October 2013, Shell announced plans to sell off significant number of…
- 18 Dec 2014
IDC Predictions Top 10 Oil & Gas IT Revolutions in 2015, Beyond
IDC Energy Insights on Wednesday hosted a web conference, IDC FutureScape: Worldwide Oil & Gas 2015 Predictions, to highlight the predictions based on the IDC FutureScape report. The web…
- 20 Feb 2015
Scary! Get Ready for $10 a Barrel Oil
This is a very bad time for oil dependent country like Nigeria because a scary analysis in Bloomberg by Gary Shilling has predicted a further tumble in oil price, According to Shilling, at about $50…
- 1 Nov 2019
What does Brexit Mean for the Nigerian Economy
By Lukman Otunuga, Senior Research Analyst at FXTM After more than 1200 days after Britain voted to leave the European Union, the country still remains in the trading bloc, pondering exactly how to…