Gasflaring has continued to take its toll on the Nigerian economy, the environment and the lives of the people of oil-producing communities, as the country lost $987.175 million, about N302.076 billion in 2018, to the continuous flaring by oil and gas firms operating in the petroleum industry.
Continue reading Nigeria loses N302bn to gas flaring in one year at Vanguard News Nigeria. …
Energy
How team deploys one injector, save $80m for Total
Four-million-barrel crude oil target ‘not feasible’
Nigeria’s aspiration to increase its daily crude production from 2.2 million barrels per day to four million barrels daily by 2025 is in doubt as the production from Joint Ventures (JVs) shrinks further, the Country’s President of Association of International Energy Economists (AIEE), Prof Wunmi Iledare, has said. Production from the deepwater through which the […] …
Oilserv opens new office
Oilserv Group has inuagurated a new corporate office in Port Harcourt, Rivers State. The four-storey edifice sitting on a 500sqm area with a capacity to house about 150 workstations, 30 men state-of-the-art conference rooms and two six men ancillary conference rooms was inuagurated for business by Rev. Timothy Agbai. The complex is supported by a […] …
PwC seeks speedy disbursement of mining funds
PricewaterhouseCoopers (PwC) is seeking speedy implementation of the mining funds, including the solid mineral development fund as well as the World Bank assisted credit. The World Bank approved a $150 million credit to enhance the contribution of the mining sector to the economy. The fund is expected to help establish a strong foundation for mining […] …
Nigeria, three others nominated for OPEC+ committee
Nigeria, Iraq, Kazakhstan and the United Arab Emirates (UAE) have been nominated as members of the Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC coalition, including Russia. The JMMC monitors and ensures compliance of members with production cut directives. The JMMC met in Baku, the Republic of Azerbaijan, […] …
Meter manufacturers import equipment
Indigenous meter manufacturers have begun to import equipment for meter production ahead of the commencement of operation of the Meter Asset Providers scheme this month, Meter Manufacturers Association of Nigeria (MMAN) Executive Secretary, Muhideen Ibrahim, has said. In a telephone interview with The Nation, he said the firms, which intend to play as meter asset […] …
BEDC sponsors athletes for Special Olympics
BENIN Electricity Distribution Plc (BEDC) sponsored two athletes to the Special Olympics world summer games in Abu Dhabi, which ends today. It started on March 8. The theme for the event is: “Let me win, if I cannot win, let me be brave in my attempt”. It is aimed at driving respect, social inclusion and […] …
Investors need to embrace new opportunities –– Wabote
THE Nigerian Content Development and Monitoring Board, NCDMB, has stressed the need for indigenous oil and gas companies to embrace and exploit new investment opportunities in Nigeria’s oil and gas industry.
Continue reading Investors need to embrace new opportunities –– Wabote at Vanguard News Nigeria. …
