The need to invite foreign partners has become inevitable given that most local banks have not co-operated with marginal field operators in putting these fields into production.

Following a steep decline in United States’ demand for Nigeria’s crude, India, Netherlands and Spain have emerged as the highest buyers of the nation’s crude oil, accounting for 45.01 per cent of its total crude export in January.

Worried by the shortage of electricity supply in the country, the Federal Government has inaugurated an eleven member emergency committee charged with the responsibility to fast track the gas to fire plants revolution.

BY SEBASTINE OBASI The quest by Nigerians to have regular power supply may not be far-fetched if the Federal Government’s collaboration with the National Agency for Science Engineering Infrastructure, NASENI, to produce solar panels is anything to go by. The Minister of Power, Prof. Chinedu Nebo, who expressed the Federal Government’s readiness when he inspected […]

BY ChijiokeNwaozuzu Thekey to extensive international trade in natural gas lies in developing a global integrated/substantial pipeline grid, and increasing Liquefied Natural Gas (LNG) fleet, where navigable water access is available. Integrated pipeline facilities do not presently exist in much of the world, but are being built rapidly. By 1991, international gas trade was focused […]