24 February 2018, Sweetcrude, Lagos — The Federal Government has assured stakeholders in the maritime sector that it will leave…
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“Come 2020 you will need modular refineries operating in this country to the tune of 75 modular refineries of about 10,000 barrels per stream day. You have that working or we will go back to the situation of the fuel shortage irrespective of the revamping of the refineries, irrespective of Dangote refinery coming on board.”
24 February 2018, News Wires – Schlumberger and Subsea 7 S.A. announced Friday that they have entered into exclusive negotiations…
The federal government got highest allocation in the sum of N263.283 billion, States N172.872 billion; local government councils N129.985 billion while the sum of N52.042 billion was paid to oil producing States being their 13% share of derivation allocation.
“The workshop will acquaint participants on the functionality of the new template for annual questionnaire introduced by OPEC Secretariat for member countries in relation to their crude oil production, proven reserves, export and refining capacity profiles.”
23 February 2018, Sweetcrude, Lagos – This week’s trading on the floor of the Nigerian Stock Exchange for energy companies…
“Our estimate is that you need about $100 billion worth of investment to drive this sector. Those investments will go into gas projects, they will go into pipelines that have be replaced, they will go into new plants, they will go into the flare policy of the government, they will go into the development of LPGs and CNGs.”
“For us in Africa we have to work hard to make the best of our God-given resources before it’s too late. Together we can surmount our hurdles faster, not if we try to do so individually.”
He said that the committee would find a way of resolving the epileptic operations of the four refineries in the country “in the course of our investigation” which will last three months.
OpeOluwani Akintayo 23 February 2018, Sweetcrude, Lagos – International oil company, Royal Dutch Shell, will approve Nigeria’s Bonga Southwest deepwater…