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.