Waltersmith Modular News Today

Minister of state for petroleum, Senator Heineken Lokpobiri, has said he is not relenting in his efforts in pushing the Nigerian National Petroleum Company

The minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said the shortest way to addressing Nigeria’s energy problems is

Translate Nigeria’s oil output drops by 30% in four years — Investigation On By Udeme Akpan In an apparent reflection of the measures taken to achieve stability in the global market by the Organisation of Petroleum Exporting Countries, OPEC, pipeline vandalism and oil theft in the Niger-Delta, Nigeria’s oil production has fallen by 30 per cent in the last four years to 1.423 million barrels per day, mb/d in 2020 from 2.041 million barrels per day, mb/d in 2017. The fi...

To curb youth restiveness, oil theft and even unemployment while achieving fuel sufficiency, Chiemelie Ezeobi writes that the Ministry of Petroleum Resources has intensified the drive to encourage modular refineries In some Niger Delta communities, illegal refineries are gold mines. During a recent operation where THISDAY was embedded with naval forces in the Niger Delta, these illegal refineries have pipes running through the backyards of some houses close to the jetties from where they load t...

Vanguard News Nigeria’s oil output drops 15% to 1.5mb/d On By Udeme Akpan, Energy Editor The average Nigeria’s oil output dropped Year-on-Year, YoY, by 15 per cent to 1.5 million barrels per day, mb/d (excluding condensate), in 2020, compared to 1.7mb/d recorded in the corresponding period of 2019, according to data obtained from Organisation of Petroleum Exporting Countries, OPEC. On Quarter-on-Quarter, QoQ, the nation’s oil output stood at an average of 1.75 mb/d in first quarter (Jan...

Nigeria needs as much fuel as it can refine. With the roaring into life of modular refineries, the nation’s journey to self-sufficiency has begun, Nume Ekeghe reports When President Muhammadu Buhari performed the virtual inauguration of the National Oil and Gas Excellence Centre on January 21, 2021, on one of the issues he spoke about was modular refinery. He mentioned the completion of the 5,000 barrels per day Waltersmith Modular Refinery. The refinery is near the Ibigwe marginal field flow...

As the debate over the long-term relevance of crude oil rages, Nigeria appears to be shifting its attention to the exploration of the country’s huge gas deposits, writes Emmanuel Addeh The year 2020, unarguably remains the most devastating period in the history of oil and gas in history as the product hit its lowest point. In the heat of the Covid-19 pandemic, Nigeria, Africa’s biggest economy, entered recession for the second time in five years, after a contraction in its Gross Domestic Pr...

Olalekan Adetayo and Femi Asu The President, Major General Muhammadu Buhari (retd.), on Thursday said his regime’s  drive for economic diversific...

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Buhari has stated his administration’s desire to strengthen Nigeria’s position as the regional leader in the oil and gas industry.