Energy

NCDMB lauds Dangote Refinery over compliance to local content act

Nigerian Content Development and Monitoring Board (NCDMB) has lauded the Dangote Refinery project over its compliance to the local content…

Industry analysts see Venezuelan possibility in Nigeria if PIB is not passed soon

Industry analysts meeting in Enugu, Enugu State, at a stakeholders roundtable, have urged the federal government to pass the Petroleum…

New oil find in Niger Republic as Savannah Petroleum struck fifth oil well

Savannah Petroleum has knocked out another discovery in Niger Republic. The company’s Zomo-1 exploration well, drilled on the R3 portion…

Local content fund bumps indigenous vessel ownership by 38%

The Nigerian Content Intervention Fund (NCIF) created in a bid to increase local content is responsible for the 38 percent…

Petrochemicals to account for 33% of oil demand growth by 2030, says IEA

The International Energy Agency has said that petrochemicals will account for more than 33 percent of oil demand growth globally…

Experts skeptical modular refineries can refine 10% of Nigeria’s crude output

Modular refineries have been described as a cost effective and timely option in comparison with medium and large scale refineries…