December 16, 2017

Modern SCADA Systems – 9–11 June 2015, Dubai

Modern SCADA Systems Dubai 2015

Implementing and improving SCADA systems for enhanced performance, profitability and real time problem solving capabilities Course Agenda SCADA is an acronym for supervisory control and data acquisition. #it is a computer systems that used in managing, monitoring, and supervise the operations of project in real time. SCADA systems are commonly implemented in most energy infrastructures; for instances, #electric power, natural #gas and #oil. SCADA systems are often used to monitor and control a plant or equipment industries like water and waste control floor #automation systems. SCADA provides the ability to monitor operational parameters at remote facilities and to give commands…

How subsidy distorts economy, by NNPC

Dr.-Tim-Okon

THE Nigerian National Petroleum Corporation has painted the picture of how the implementation of the subsidy regime is distorting the economy and make spending planning almost impossible. The Group Coordinator, Corporate Planning and Strategy of the Corporation, Dr. Tim Okon, who disclosed this in Abuja at the Oloibiri lecture series and energy forum by the Society of Petroleum Engineers (SPE), explained that since #nigeria does not control how much crude oil is sold in the international market, the task of economic planning is made cumbersome. This comes as Nigeria may lose N2 trillion or $10 million in the current year…

New dawn for indigenous operators in Nigeria’s petroleum industry | The Guardian Nigeria

oil and gas industry in Nigeria

After several decades of being dominated by multinationals, #nigeria’s petroleum industry is seeing increasing participation by local operators. Indigenous companies have purchased billions worth of assets from firms such as Eni, Shell, Chevron and Total in the past five years. Shell, along with many other oil majors is going through a broad process of asset sales in the country in an effort to cut costs and boost profits. Other companies, including Total, Eni, Chevron and ConocoPhillips, are divesting from Nigeria’s oil and gas sector, which has been plagued by rising oil spills, sabotage and industrial-scale theft from Nigerian wells and…

Africa’s Richest Man Courts Blackstone to Boost Nigerian Gas – Bloomberg Business

#Aliko Dangote, #africa’s richest man, plans to quadruple the supply of gas to #nigeria by building pipelines that may be backed by Carlyle Group LP and Blackstone Group LP, the world’s two biggest private-equity firms.Dangote, who has a net worth of $15 billion according to the Bloomberg Billionaires Index, will invest $2.2 billion to $2.5 billion in two sub-sea 550-kilometer (341-mile) pipelines running from Nigeria’s oil and gas-producing Niger River delta region to the commercial hub of Lagos, Dangote, 58, said in an interview on April 25. The pipes will increase the amount of gas available in Africa’s biggest economy…

Prices retreat from 2015-highs

Dipping prices: oil prices fell in early trade but are on track for a weekly gain after touching 2015 highs in the previous session

Upstream Online Oil prices on Friday edged back from 2015-highs reached the session before, but remain on course for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. Crude prices have surged about $10 a barrel over the last month amid growing tension in the Middle East, with slowing US production growth and signs of stronger global demand also providing support. The spike in prices on Thursday came as warplanes from a Saudi-led coalition pounded Houthi militiamen and military bases with at least 20 air strikes throughout Yemen, residents said, despite…

NUPENG Congratulates General Buhari on his Victory

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG)

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) congratulate the newly elected President of the Federal Republic of  Nigeria, Major-General Muhammadu Buhari (Rtd) on his victory at the recently concluded general election. NUPENG salutes the newly elected President and believe that he will bring his past leadership experience to bear in moving the nation forward. The Union states that the election which was free and fair shows that Nigerians have spoken and hope that his election will bring about the long expected transformation in the Nation’s Oil and Gas Industry. As a former Minister of Petroleum Resources and…

Enel Could Sell Assets in Algeria and Egypt

Enel

Petroleum Africa Enel SpA could sell off $1.07 billion of assets in Europe and Africa a Bloomberg report said. The sale would be help with slower growth and weak demand that the company is seeing. The company is said to be considering selling upstream assets in Algeria, Egypt, and Italy as well as its renewable energy assets in Portugal. It was not clear if the company would sell off all of its assets or just individual permits. If the company sells off its holdings in Algeria,it means exiting the Isarene Permit where it is partnered with Petroceltic International and Sonatrach….

Sahara Group Nears Commercial Development in Nigeria

Sahara Group

Petroleum Africa Sahara Group’s Upstream affiliate Enageed Resource Ltd said it is making good progress with activities in OPL 274 where Sahara operates with a 100% working interest, even as the company continues to press towards optimizing opportunities in the block where last year it hit “first oil.” Enageed doubled its certified 2P reserves in Oki-Oziengbe South field, while also making a new commercial discovery with the Oluegi-1 exploration well. According to Segun Ogunwumi, Enageed’s MD, the company has continued to see positive outcomes in its activities on OPL 274 in preparation of moving towards commercial production. It has continued to…

Forte Oil: Delivering dividend despite oil price plunge

forte-oil-akinfemiwa1

Forte Oil Nigeria Plc is an indigenous petroleum marketing company with structured operations and strategic policies to continuously improve product delivery to its customers. Forte Oil is renowned for its ability to offer her consumers a wide range of products from the oil value chain:PMS, diesel, aviation fuel, kerosene, commercial gas and a wide range of lubricants for various automobiles and machines. A major player in the downstream sector of the Nigerian oil and gas sector, Forte Oil prides itself on delivering prompt, quality and effective services to its customers nationwide. Its focus is to continuously improve services and expand…

Exxon, BP in Deal Spotlight After Shell Buys BG Group

BPEXXON

Bloomberg Now that Royal Dutch Shell Plc has made its move for BG Group Plc, Exxon Mobil Corp. and BP Plc could contemplate deals — perhaps even with each other. Speculation of an Exxon-BP combination surfaced last year after oil prices declined sharply, increasing the appeal of big mergers that could yield massive cost savings. BP has largely put behind it the legal morass surrounding the 2010 Gulf of Mexico spill. Still, the $124 billion company remains among the cheapest major producers relative to estimated profit, according to data compiled by Bloomberg. There are, of course, other targets for Exxon…