Oil & Gas

Addressing top energy operators, regulators and government functionaries at the 2023 African Refiners and Distributors Association (ARDA) Week in Cape Town, Wale Ajibade, Executive Director, Sahara Group, said the current level of global investments on renewable energy was inadequate to enable Africa to embrace more alternative energy sources. Ajibade, who delivered a paper titled, ‘Meeting […]

By Eyo Nsima Many crude oil prices have started to rebound, hitting more than $74 per barrel in the international market, due to positive speculation. The prices had dropped to as low as $72 per barrel on Wednesday, due mainly to negative speculation over the demand outlook. But the report of the Organisation of Petroleum

By Eyo Nsima There was panic as the price of Brent, the global oil benchmark, dropped by over five percent to $72.39 per barrel, the first time since December 2021. The price collapse which also affected other crudes started after the U.S. Energy Information Administration reported an inventory build of 1.6 million barrels for the

The Global Process and Pipeline Services Limited (GPPSL) in partnership with IK-Group of Norway has delivered for the first time in Nigeria and Africa the removal and change out of a 36-inch cryogenic pipeline gate valve. The project, executed in June 2022, was the first and largest AOGV ever deployed on the African continent to

By Eyo Nsima Nigeria’s oil production rose month-on-month, MoM by 3.8 per cent to 1.306 million barrels per day, bpd in February 2023, from 1.258 million bpd recorded in the preceding month of January 2023. Also, on year-on-year, YoY, Nigeria’s oil production increased by 3.8 per cent to 1.306 million bpd in February 2023, from