US REFINERIES EXPOSE TO DANGERS OF LIGHTER SHALE OIL

The decision of the United States to stop the importation of Nigeria’s light blend of crude oil due to the shale oil boom has exposed the US refineries to the dangers associated with the processing of lighter shale oil.

As a result of the increased domestic production of shale oil, the US has slashed crude  oil imports from a peak of almost 14 million barrels per day in 2006, to slightly above 7 million barrels per day.

Read more @ Thisday Live

DURATION OF APPROVALS FOR OIL, GAS PROJECTS IN NIGERIA IS LONGEST GLOBALLY, SAYS PROUST

Having operated in Nigeria for the past 60 years, the French oil giant, has made giant investment strides in the nation’s oil and gas sector. In this interview with SULAIMON SALAU, the first female Managing Director of Total Upstream Companies in Nigeria, Mrs Elisabeth Proust, identifies the challenges in the industry and suggests possible ways to overcome the shale oil threat. Excerpts.   

Shale oil has been described as an energy changer and so far we have been seeing the implications manifest. What do you think Nigeria can do to tackle the threat of shale?

Read more @ The Guardian

ANGOLA OVERTAKES NIGERIA AS TOP CRUDE EXPORTER TO U.S.

INDICATIONS have emerged that the crash in crude oil imports by the United States (U.S.) has begun to favour Angola more than Nigeria, which had maintained its major import market before the advent of Shale oil.

Specifically, recent data by the Energy Information Administration  (EIA) showed that Angolan deliveries to the U.S. have averaged around 116,000 barrels per day (bpd) recently, compared with just 75,000 bpd for Nigeria crude.

Read more @ The Guardian