ENERGY

Nigerians Received Lowest Electricity Supply In May — Report

Filed in Business, ENERGY by on August 18, 2016 0 Comments
Nigerians Received Lowest Electricity Supply In May — Report

Power generation in Nigeria fell to a record low in May, with households experiencing an average daily cumulative supply at 5.6 hours, a new report by NOIPolls has revealed. The report, which was released on Wednesday, noted that Nigerians experienced continuous decline in power supply between January and June 2016. It said the downward trend […]

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Oil Extends Gains Above $44 On Output Freeze Hopes

Filed in Business, ENERGY by on August 16, 2016 0 Comments
Oil Extends Gains Above $44 On Output Freeze Hopes

Oil traded above $44 a barrel in Asia Monday, extending gains on hopes crude producers would agree to freeze output at a meeting next month, easing a stubborn global supply glut. Saudi Arabian oil minister Khalid al-Falih’s comments last week that producers could discuss action to stabilise markets lifted market sentiment, helping prices rebound since […]

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OIL RESERVES TO REACH 40 BILLION BARRELS –ALISON-MADUEKE

Filed in ENERGY by on August 9, 2012 0 Comments
OIL RESERVES TO REACH 40 BILLION BARRELS –ALISON-MADUEKE

Oil reserves to reach 40 billion barrels –Alison-Madueke August 9, 2012 by Agency Reporter Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has said the nation’s oil reserves can grow to 40 billion barrels from over 36 billion barrels by 2020 with daily production capacity of four million barrels. […]

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EXPERTS PROJECT GLOOMY OUTLOOK FOR NIGERIA OIL INDUSTRY

Filed in ENERGY by on January 25, 2012 0 Comments
EXPERTS PROJECT GLOOMY OUTLOOK FOR NIGERIA OIL INDUSTRY

Experts project gloomy outlook for Nigeria oil industry Wednesday, 25 January 2012 00:00 By Obiora Aduba A GLOOMY outlook has been forecast for Nigeria’s oil and gas sector in the nearest future, following projections of a continued decline for the industry’s operations, due to a drastic drop in the oil exploration and production activities. The […]

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CHEVRON PREPARES TO DRILL NIGERIA RELIEF WELL

Filed in ENERGY by on January 19, 2012 0 Comments
CHEVRON PREPARES TO DRILL NIGERIA RELIEF WELL

Chevron prepares to drill Nigeria relief well January 19, 2012 by Stanley Opara with agency report Chevron is mobilising equipment to drill a relief well at a still-burning rig off Nigeria after efforts to shut in the well have failed so far, the company said Tuesday. An “extensive” search for two missing contractors is continuing […]

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