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Nigeria refineries Repairs will ultimately reduce Imports soon

Evidently the repairs of Nigeria Refineries will ultimately reduce the quantity of petroleum products import which is currently constituting a big shame to Africa’s most populous nation and the continents biggest economy by GDP. Low oil prices have hurt Nigeria’s upstream revenues but a long-overdue administrative restructuring of the national oil company and improved production […]

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Manufacturing May Be Cheaper in The USA Than China Soon, All Thanks to Oil Price Decline

manufacturing may be cheaper in the USA  than in China – thanks to hydraulic fracturing. Recently, the Boston Consulting Group found that average costs of manufacturing goods in the United States are currently only 5 percent higher than in China. It projects that by 2018, costs will be 2 to 3 percent lower in the

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India Reassured of Development Rights in Iranian Gas Field

News Reuters 12th August 2015. Iran has said the development rights for its Farzad-B gas field will be available to Indian companies after concerns in New Delhi that cash-rich European firms could clinch the contract. A consortium headed by ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp, in 2008 discovered the

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Liquid Nitrogen proposed To Slash Emmission and reduce diesel costs

A report from a collaboration of academics and industry proposes liquid nitrogen for cooling and motive power in transport refrigeration as the first step in creating low-emission commercial vehicle fleets The Liquid Air Energy Network, a collaboaration of academics and industry has released a report suggesting that transport refrigeration can be in the vanguard of

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