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Oil and gas sector: 2019 in retrospect
The year 2019 was characterised by mixed fortunes in the Nigerian oil and gas sector. OLATUNDE DODONDAWA examines the major events that shaped the sector in the last 12 months. Excerpts
Why Nigeria must not miss out in multi billion dollars global LNG market
Recently, stakeholders in the Liquefied Natural Gas (LNG) value chain gathered at the CWC World LNG Summit and Awards Evening in Rome, Italy, to discuss the future of LNG in the entire energy sector. A new production target of 500 million…
Paucity of funds hampering completion of our modular refinery —PTI Principal
Principal and Chief Executive of the Petroleum Training Institute (PTI), Professor Sunny Iyuke, has lamented the institute’s inability to complete the modular refinery due to paucity of funds.This is just as he called on the Minister of…
NGA urges FG to leverage natural gas for sectoral development
The Nigerian Gas Association (NGA) has urged he federal government to leverage natural gas to create transformative change across various sectors and spheres of industry.According to recent statistics shared by the Nigerian National…
DPR to approve trucks with tracking device for safer roads
The Department of Petroleum Resources (DPR) said it is working to ensure that only trucks that scale integrity tests and have good tracking system are deployed for petroleum haulage on Nigerian roads.The Acting Director, DPR, Mr. …
‘We should embrace technology to cut crude oil production cost’ —PETAN
Mr Ranti Omole is the publicity secretary of the Petroleum Technology Association of Nigeria (PETAN) and also the managing director/ chief executive officer of Radial Circle Nigeria Limited. He spoke to OLATUNDE DODONDAWA on the sideline of…
Exploring Nigeria’s mining sector potential as credible alternative to crude oil challenges
The oil boom of the 1970s led to the collapse of virtually all other previously vibrant sectors like agriculture and mining sectors. With the inherent challenges facing the oil and gas sector, including the shortfalls in crude oil revenue,…
Dangote Refinery takes delivery of world largest CDC equipment
Dangote Refinery took delivery of the world largest crude distillation column (CDC) equipment designed for crude oil processing. The CDC is the largest in terms of distilling capacity which is 650,000 barrels per stream day. The significant…
Shell wins PETAN’s Industry Achievements award
Shell companies on Friday won the Industry Achievement award at the 2019 awards night of the Petroleum Technology Association of Nigeria (PETAN), the umbrella body of indigenous technical oilfield service companies in the upstream and…
Total harps on new technologies to drive oil exploration
TOTAL Exploration and Production Nigeria Ltd. (TEPNG), has harped on the importance of new technologies to drive crude oil exploration in Nigeria.The Deputy Managing Director, Deepwater District, of the firm, Ahmadu Kida Musa, said the…