International Energy Agency, (IEA), has revealed a greater rise in Global oil demand than expected this year, according to a new forecast that found consumption grew by 91.2m barrels per day (bpd) in Q4 last year.

Each year scores of Nigerian companies and participant throng the Offshore Technology Conference, OTC, in Houston Texas, USA. However, the Chairman, Petroleum Technology Association of Nigeria, PETAN, Mr. Emeka Ene, tells Clara Nwachukwu, that it is far from the jamboree many suspect the conference to be, saying that Nigerian companies have broken new grounds in technology and exporting their capabilities and the OTC offers the best platform to showcase these

The successful execution of the reforms in the nation’s power sector, especially, the handing over of assets of liquidated Power Holding Company of Nigeria, PHCN, to its new owners, hasno doubt brought in fresh challenges in the industry.

Technology can have a substantial impact on an industry’s performance. Consider the effect of genetic engineering on pharmaceuticals, of transistors on telecommunications and of plastics on metals. Identification of the commercial potential of technological developments has dramatically accelerated world-wide, and the lag between ideas, invention and commercialization has decreased.

The National Oil Spill Detection and Response Agency, NOSDRA, has revealed that Bayelsa State, records about 40 spill cases in a month.

Prior to the concession of the sea ports in Nigeria, Nigerian ports were nothing to write home about. The ports were bedevilled by numerous ills and challenges.

President, Nigerian Liquefied Petroleum Gas Association, NLPGA, Mr. Dayo Adeshina, in this interview with MICHAEL EBOH, speaks about the many challenges hindering the use of LPG by a vast majority of the population.

THE Chairman, Senate Committee on Marine Transport , Hajia Zainab Kure, in this interview with Sweetcrude’s Godwin Oritse, said that the committee will continue to support the Maritime Academy of Nigeria (MAN), Oron which is currently under going massive infrastructural changes

Inadequate gas supply has been identified as one of the major challenges bedeviling the power sector after its successful privatisation by President Goodluck Jonathan’s administration in 2013.

As part of its contribution towards addressing the issue of unemployment in the country, Arco petrochemical Engineering Company, said it has engaged about 400 Nigerians in different areas of its operations.

Sequel to report going round recently on Crude Oil Swap Arrangement against some indigenous oil companies, the Nigeria Extractive Industries Transparency Initiative, NEITI has come out to clarify issues surrounding the arrangement.

PETROLEUM and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has advised the Federal Government against any attempt to secretly sell the four public refineries without following due process and addressing all labour concerns

ORGANISED Labour in the nation’s petroleum industry expressed fears over the possibility of the Turn Around Maintenance, TAM, for Port Harcourt Refineries and Petro-Chemicals, PHRC, being done in the nearest future especially in 2014.

Nigeria is one of the top 10 nations in the world with huge natural gas reserves. Nigeria’s estimated proved plus potential reserves stood at 184 trillion cubic feet (tcf) as at 2007.

The Federal Government last week granted the Bauchi State owned electricity firm, Yankari Power Company, an embedded electricity generation license, to build 35 megawatts, MW, gas-fired power plant in Gudun Industrial layout of the state.