The Oil Bloc
Your first choice for oil industry news

- Advertisement -

Browsing Category

News

Crude oil making process

Crude oil also known as petroleum is an unprocessed oil found deep in the ground. In this video by How Its Made, learn what goes on in an oil block and how petroleum is refined and becomes usable. https://www.youtube.com/watch?v=4XgwF_oboPY

North Sea could open for oil and gas exploration – UK geologists

The North Sea area which was once dismissed as potential area for oil and gas exploration could actually hold oil and gas reserves, some geologists have claimed. The geologists at the University of Aberdeen in the UK have discovered a 7,000m² swathe of the North Sea area. The North Sea volcanoes were earlier thought to contain magma

We supplied 19 billion litres of petrol in 13 months- NNPC

The Nigerian National Petroleum Corporation, NNPC recently disclosed that it supplied a total of 19,437,894,096.06 billion litres of petroleum products into the Nigerian downstream sector through its Direct Sales Direct Purchase, DSDP programme. The report was as released for the period of November 2017 and November 2018. According to the

FG to earn $3.5bn from gas flare commercialization investments

Inward investments worth $3.5bn would come into Nigeria through the ongoing gas flare commercialization programme, officials of the Federal Ministry of Petroleum Resources have said. “About $3.5bn worth of inward investments are coming into the country to achieve the gas flare commercialization targets by 2020.” The Programme Manager, NGFCP,

Bring down Maduro, end sanctions, U.S. tells Venezuela

The US has finally given Venezuela a clear escape route from its current sanctions which is fast crippling the South American country's oil sector. But the solution is not going to come on a silver platter. The solution according to reports by international media might be to show Maduro the door as the Trump administration recently told

Ghana’s oil production to increase to 500,000 barrels in 2023- Minister

Ghana’s overall crude oil production is expected to increase to 500,000 barrels in 2023. Minister of Finance, Mr. Ken Ofori-Atta disclosed this after he led a delegation to address 20 key international companies at a meeting in Oslo, Norway. According to him “Overall, crude oil production is expected to increase from 196,089 barrels per day

Election postponement costs gas marketers billion naira investments

Some cooking gas marketers under the aegis of the Nigerian Association Of Liquefied Petroleum Gas Marketers NALPGAM lost multi-billion naira investments following the postponement of the Nigerian general elections. This was revealed by the Executive Secretary of the association, Mr Bassey Essien who described the action by the Independent

China, Nigeria to lead global refining industry capacity from 2019 to 2023

A new report reveals that China and Nigeria are expected to be the major contributors to the global refining industry capacity growth between 2019 and 2023. According to the report by GlobalData, a leading data and analytics company, the projects planned and announced by the two countries for the five-year period show the duo will take the lead

DPR shuts down 10 illegal gas plants in Abuja

The Abuja zonal office of Department of Petroleum Resources, DPR reportedly closed down 10 illegal plants selling liquefied petroleum gas, LPG commonly called domestic or cooking gas within the Federal Capital Territory (FCT) and its environs. The move is to reduce the incident of gas explosion in the state. Leadership reported that at least

Senegal issues new oil code to license holders

Senegal has released a new oil code for new license holders in the country to increase state participation in projects and higher royalties. This was made known by its Oil and Energy Minister, Mansour Elimane Kane who responded to questions on the matter adding that lawmakers had approved the code last month. The new code sets a fixed
Translate »