Kaduna refinery to hit 90 % production efficiency – MD

02 August 2015, Abuja – The managing director, Kaduna Refining and Petrochemicals Company, Saidu Mohammed, on Friday said the refinery will hit 90 per cent production of its 110,000 installed capacity. It was gathered that the refinery had been operating at 60 per cent production capacity before commencement of the turn-around maintenance in October 2014. […] More »

Texas oil production on track to break record

02 August 2015 – Just about everyone knows that crude oil and natural gas production in Texas has been on the increase for several years. But the size of the increase – especially in crude oil production – has been lost until just a few days ago when economist Karr Ingham told a gathering of […] More »

‘Nigeria can do better than 8.5 million litres p/d from Warri & PH’

02 August 2015, Lagos – The declaration by the Nigerian National Petroleum Corporation, NNPC, about Port Harcourt and Warri Refineries being resuscitated to produce about 8.5million of Premium Motor Spirit, PMS, commonly known as petrol daily has sparked controversy among fuel marketers and stakeholders in the oil and gas sector of the economy. While some […] More »

Nigeria: Electricity grid maintains rise, now 4,662Mw

01 August 2015, Lagos – Electricity generation across the country has continued to maintain a continuous rise from 4,000megawatts just as it rose to 4,662mw on Wednesday. Although the system began to rise in capacity from late June 2015, electricity customers across the 11 Distribution companies (Discos) had complained of not seeing a commensurate improvement […] More »

Discos seek Presidency’s help over alleged N7bn debt

01 August 2015, Abuja — Electricity distribution companies (DISCOs) yesterday lamented how the debts allegedly owed them by Ministries, Departments and Agencies (MDAs) are crippling the electricity sector. They therefore, called on the Presidency to come to their aid and direct security agencies and other government bodies to pay up their debts. The DISCOs, which […] More »

Why Nigeria is not able to generate 6,000Mw – NERC

01 August 2015, Lagos – Nigerian Electricity Regulatory Commission, NERC, has attributed the country’s inability to generate 6,000Mw to corruption, incompetence in project management and lack of prudent public sector investment. The Chairman of NERC, Dr. Sam Amadi, who made this disclosure recently at a forum organized by the National Association of Petroleum Explorationists, NAPE, […] More »

Why local content in Africa’s extractive sector won’t work without home grown human capital

01 August 2015, Lagos – For over 30 years many African countries have been exploring their natural resources, whether oil, gas or minerals. In the last ten years many more have joined the natural resource exploitation club. Many have also witnessed economic growth and development. Significant investments have been poured into the development and growth […] More »