Tag Archives: Oil and Gas

WRPC only producing diesel and kerosene for now – IPMAN

Indications emerged yesterday that the Warri Refining and Petrochemical Company (WRPC) has not started producing fuel but is only producing diesel and kerosene, The Guardian reports. The crude used in producing diesel and kerosene presently at the refinery are allegedly the remnants in the feedstock tanks supplied before the refinery packed up last year. An…
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Eland Oil & Gas provides Gbetiokun-1 reserves and resources update

AIM-listed Eland Oil & Gas, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced the results of a Reserves and Resources evaluation onGbetiokun-1, OML 40, provided by Netherland, Sewell & Associates Inc. (‘NSAI’) as at 31 March 2016. Following the successful re-entry of Opuama-3…
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OPEC members increasingly keen to end oil glut – Kachikwu

Nigeria’s minister of state for petroleum resources, Emmanuel Ibe Kachikwu has indicated that the mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout, Reuters reports. “There’s increased conversation going on. I think when…
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“Willing buyer, willing seller” crucial for gas sector – ED, Falcon Corp

The Co-founder and Executive Director, Commercial Operations, Falcon Corporation Limited, Audrey Joe-Ezigbo in an interview with The Punch, has called for a review of joint venture arrangements in the nation’s oil and gas industry as well as the need for the federal government to embrace a willing buyer-willing seller gas pricing model  . With regard to the…
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