It is common knowledge that petroleum and petroleum gas (LPG) are good sources of energy. Imagine that petroleum did not exist. This simply means that all the technology that has been developed around petroleum will not be there. To say the least, development in the energy sector has been greatly enabled by petroleum. As fears of future deficit of petrol continue to be entertained by […]

Downstream – From Refinery to Customer The downstream sector encompasses the refining, storage, distribution and marketing of petroleum products: •Refining Process: Crude oil is processed and refined into more useful products; •Storage: The products from the refining process are stored at depots via pipeline, land (trucks & rail) and sea (barge/vessel). These storage facilities are also called tank farms or terminals •Distribution and Marketing: Petroleum […]

Nigeria is the sixth largest producer of oil in the world. The Nigerian oil industry is troubled by scandal and corruption, lack of transparency in interaction between the players and a confusing complexity. Of these issues, lack of transparency is particularly problematic, although the others are also notable, with recent scandals including the evasion of over $6 billion in tax by Halliburton West Africa. This […]