A data and analytics firm, GlobalData, has predicted that the African continent will occupy second place in terms of global refinery fluid catalytic cracking units’ (FCCU) capacity additions by 2024, whereas in the continent, Nigeria accounts for the majority of the 247 mbd capacity added.

In the report published by…

Organisation of Petroleum Exporting Countries (OPEC) has highlighted that daily crude oil production in Nigeria dropped by 38,000 barrels in July to 1.37 million barrels.

In its Monthly Oil Report for August released yesterday, the oil cartel, , said the total crude oil production by the 13-member group averaged 23.17…

The chief executive officer of Siemens AG in Nigeria, Onyeche Tifase, has said that the company’s overhaul of Nigeria’s electricity grid is paying off as more investors are approaching the Nigerian electricity market for power production.

The German company signed a contract agreement with the Nigerian government last year to…

The Department of Petroleum Resources (DPR) has said that it is committed to fast-tracking full integration of the domestic gas market hubs into the Nigeria Gas Transportation Network Code (NGTNC).

This is to ensure optimal impact in the country’s domestic gas market. DPR director, Mr Auwalu Sarki, made the commitment…

Shell Petroleum Development Company, SPDC has expressed disappointed that the Rivers State High Court affirmed the enforcement of the purported sale of interests in SPDC’s JV’s  assets in Kidney Island and specified interests in OML 11 to the Rivers State Government.
Shell in a statement on Friday said it had filed an appeal and…

Fighters with ISIS Links Seize Port in Gas-Rich, Northern Mozambique
There were reports yesterday that fighters captured a heavily defended port in the far northern Mozambique town of Mocimboa da Praia, close to the site of natural gas projects worth some $60 billion.

The report by Aljazeera said it was…

When Australia’s coronavirus lockdown forced bars and restaurants to shut down in March, breweries were left with huge inventories of unsold, stale beer.

But instead of going to waste, some expired ales and lagers in the state of South Australia have been serving a new purpose: powering a water treatment plant.

As a major revenue source that powers Nigeria’s economy, the Minister of State for Petroleum Resources, Timipre Sylva, has said the country needs an oil price of $70 per barrel and production of two million barrels per day to sustain its budget.

Sylva who acknowledged the impact of the production…