Port Harcourt — The Society of Petroleum Engineers, SPE, has explained how Artificial Lift Technology enhances oil production, saying that the technique is all about the recoverability of crude oil in a reservoir, to maintain and maximize production. Artificial Lift is the process of aiding the production of an oil or gas well, by either lightening…
Lagos — Following reports in May that Nigeria will cut the level of sulphur allowed in fuels imported into the country starting from this year, the state oil company, NNPC, has shortlisted some 40 firms for the direct sale, direct purchase, DSDP contract, SweetcrudeReports has learned. Reuters had in May, reported that although the country plans to…
The price of OPEC basket of fourteen crudes stood at $60.88 a barrel on Thursday, compared with $61.04 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic…
The Acting Managing Director. Niger Delta Development Commission, NDDC, Prof Nelson Brambaifa, has pledged to commission a pilot power project that will restore electricity to Ubima and Isiokpo communities in Ikwerre Local Government Area of Rivers State before the end of this month. Brambaifa who gave the assurance when he paid a courtesy visit to the…
Nigerian National Fleet set to come on board will be owned by both technical partners with 49% share and Nigerian investors with 51% share. This was made known by the Director General of NIMASA, Dr. Dakuku Peterside at a media breakfast meeting on the sideline of the ongoing Nor-Shipping Conference and Exhibition in Oslo, Norway…
President Vladimir Putin said on Thursday Russia had differences with OPEC over what constituted a fair price for oil, but that Moscow would take a joint decision on output with OPEC colleagues at a policy meeting in the coming weeks. Putin said a price of $60-$65 a barrel suited Moscow, while Saudi Arabia wanted a…
By Jerome Onoja, / Ike Amos Deepwater oil and gas exploration and production opportunities are daily rising in sub-Saharan Africa and major hydrocarbon finds have been recorded over the years. This article highlights the opportunities in sub-Sahara Africa deepwater, ranging from Nigeria, Senegal, Congo and Angola among others and the many projects where investments are…
Mrs Bukola Adubi is the Chief Operating Officer of MicCom Cables and Wires Ltd, In this interview with JEROME ONOJA, she extols the Nigerian Content law and couldn’t hide her excitement particularly as she narrates the level of support from the NCDMB. Excerpts: Tell us about MicCom. MicCom is the first fully indigenous Nigerian cable…
“Our biggest success with the Egina Project was proving to the world that Nigerians are capable” Amy Jadesimi is the CEO of LADOL, a $500 million Industrial Free Zone in Lagos. A commissioner for business and sustainable development commission, she has an MBA from Stanford University, an MA (OXON) and BMBCh from Oxford University. A…
Engr. Emeka Okwuosa is the Chief Executive Officer of Oilserv Group Limited; a seasoned engineer, administrator, entrepreneur and a visionary with over 35 years of experience in the following areas: maintenance and operations, teaching, wireline logging and interpretation, seismic acquisition, processing and interpretation, pipeline engineering, procurement and construction (EPCIC), project management, drilling and drilling services….
