Petroleum Industry In Nigeria
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Petroleum Industry In Nigeria
Nigeria is the second largest oil and gas producer in Africa. Crude oil from the Niger delta basin comes in two types: light, and comparatively heavy – the lighter has around 36 gravity while the heavier has 20–25 gravity. Both types are paraffinic and low in sulfur. Nigeria's economy and budget have been largely supported from income and revenues generated from the petroleum industry since 1960. Statistics as at February 2021 shows that the Nigerian oil sector contributes to about 9% of the entire GDP of the nation. Nigeria is the largest oil and gas producer in Africa, a major exporter of crude oil and petroleum products to the United States of America. In 2010, Nigeria exported over one million barrels per day to the United States, representing 9% of the U.S. total crude oil and petroleum products imports and over 40% of Nigeria exports. The need for holistic reforms in the petroleum industry, ease of doing business, and encouragement of local contents in the industry bi ...
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Oil Production Nigeria
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek ...
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Owerri
Owerri ( , ) is the capital city of Imo State in Nigeria, set in the heart of Igboland. It is also the state's largest city, followed by Orlu, Okigwe and Ohaji/Egbema. Owerri consists of three Local Government Areas including Owerri Municipal, Owerri North and Owerri West, it has an estimated population of about 1,401,873 as of 2016 and is approximately in area. Owerri is bordered by the Otamiri River to the east and the Nworie River to the south. The Owerri Slogan is ''Heartland''. History Owerri was the last of three capitals of the Republic of Biafra in 1969. The capital of the secessionist state was continuously being moved as Nigerian troops captured the older capitals. Enugu and Umuahia were the other capitals before Owerri. Present-day Owerri does contain some statuary memorializing the war, particularly in locations which suffered heavy bombing, but most war artifacts and history are located in the museum at Umuahia, Abia State. On 5 April 2021, a mass prison break h ...
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Oloibiri
Oloibiri is a small community in Ogbia LGA located in Bayelsa State, in the eastern Niger Delta region of Nigeria. The inhabitants of Oloibiri community are mainly fishermen and farmers. This is the first place Oil was first discovered in Nigeria. Oloibiri is a historic town to the oil and gas industry in Nigeria. Nigeria's first commercial oil discovery in Oloibiri town by Shell Darcy on January 15, 1956. The discovery of oil in Oloibiri hasn't helped most Nigerians and only has led to destruction of the environment and the way of life of indigenous people of the Niger Delta. And with an initial production of 5,000 barrels of oil per day (which would later become as much as 2,000,000), Nigeria became the 6th largest oil producer on the chart of the Organisation of petroleum Exporting Countries OPEC. Oloibiri well was the first commercial oil well in Nigeria. Oloibiri Oilfield was the first commercial oil field in Nigeria as well as West Africa. Nigeria exported its first crud ...
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Palm Oil
Palm oil is an edible vegetable oil derived from the mesocarp (reddish pulp) of the fruit of the oil palms. The oil is used in food manufacturing, in beauty products, and as biofuel. Palm oil accounted for about 33% of global oils produced from oil crops in 2014. Palm oils are easier to stabilize and maintain quality of flavor and consistency in processed foods, so are frequently favored by food manufacturers. On average globally, humans consumed 7.7 kg (17 lb) of palm oil per person in 2015. Demand has also increased for other uses, such as cosmetics and biofuels, creating more demand on the supply encouraging the growth of palm oil plantations in tropical countries. The use of palm oil has attracted the concern of environmental groups due to deforestation in the tropics where palms are grown, and has been cited as a factor in social problems due to allegations of human rights violations among growers. An industry group formed in 2004 to create more sustainable and et ...
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Elf Aquitaine
Elf Aquitaine is a French brand of oils and other motor products (such as brake fluids) for automobiles and trucks. Elf is a former petroleum company which merged with TotalFina to form "TotalFinaElf". The new company changed its name to Total in 2003 and TotalEnergies in 2021. Elf has been as a major brand of TotalEnergies since then. History Founding and mergers (1965-1993) Elf Aquitaine's heritage is rooted among three French oil companies: Régie Autonome des Pétroles (RAP), Société Nationale des Pétroles d'Aquitaine (SNPA), and Bureau de Recherches de Pétroles (BRP). These companies were formed to exploit the discovery of a gas field in Saint-Marcet in the Aquitaine region of south-western France. In December 1965, RAP and BRP were merged to form Entreprise de Recherches et d'Activités Pétrolières (ERAP). ERAP had SNPA, Union Générale des Pétroles (UGP), and Union Industrielle des Pétroles (UIP) as subsidiaries. The resulting company achieved vertical integratio ...
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Agip
Agip (''Azienda Generale Italiana Petroli'', en, General Italian Oil Company) is an Italian automotive gasoline, diesel, LPG, lubricants, fuel oil, and bitumen retailer established in 1926. It has been a subsidiary of the multinational petroleum company Eni since 2003, when Eni acquired Agip Petroli S.p.A., creating the Refining and Marketing Division (R&M). History In 1924, Sinclair Oil, a U.S. oil company, and the Italian Ministry of National Economy created a fifty-year joint venture agreement to explore for oil in Emilia-Romagna and Sicily, over an area of 40,000 km². 40% of the capital was held by the ministry, all expenditure was incurred by Sinclair Oil and 25% of profits went to the Italian ministry. The political opposition, headed by Giacomo Matteotti and Don Sturzo, alleged that the joint venture was damaging to the nation and started a controversy which led to suspicions of corruption; Matteotti indeed was killed two days before he was due to give a speech o ...
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Chevron Corporation
Chevron Corporation is an American multinational energy corporation. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is headquartered in San Ramon, California, and active in more than 180 countries. Chevron is engaged in every aspect of the oil and natural gas industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron traces its history back to the 1870s. The company grew quickly after the breakup of Standard Oil by acquiring companies and partnering with others, especially Texaco. Socal was one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s. In 1985, Socal merged with the Pittsburgh-based Gulf Oil and rebranded as Chevron; the newly-merged company later merged with Texaco in 2001. Today, Chevron manufactures and sells fu ...
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Gulf Oil
Gulf Oil was a major global oil company in operation from 1901 to 1985. The eighth-largest American manufacturing company in 1941 and the ninth-largest in 1979, Gulf Oil was one of the so-called Seven Sisters oil companies. Prior to its merger with Standard Oil of California, Gulf was one of the chief instruments of the Mellon family fortune; both Gulf and Mellon Financial had their headquarters in Pittsburgh, with Gulf's headquarters, the Gulf Tower, being Pittsburgh's tallest building until the completion of the U.S. Steel Tower. Gulf Oil Corporation (GOC) ceased to exist as an independent company in 1985, when it merged with Standard Oil of California (SOCAL), with both re-branding as Chevron in the United States. Gulf Canada, Gulf's main Canadian subsidiary, was sold the same year with retail outlets to Ultramar and Petro-Canada and what became Gulf Canada Resources to Olympia & York. However, the Gulf brand name and a number of the constituent business divisions of GOC ...
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Tenneco
Tenneco (formerly Tenneco Automotive and originally Tennessee Gas Transmission Company) is an American automotive components original equipment manufacturer and an aftermarket ride control and emissions products manufacturer. It is a Fortune 500 company that has been publicly traded on the New York Stock Exchange since November 5, 1999 under the symbol TEN. Tenneco company headquarters are located in Lake Forest, Illinois, United States The company was acquired in November 2022 by Apollo Global Management. History Tenneco, Inc.'s origin was in the Chicago Corporation, established about 1930.TENNECO BUILDING
Diana J. Kleiner, Handbook of Texas Online (retrieved 11 August 2010)
Tennessee Gas and Transmission Company (completely separate) had been formed in 1940.


Natural gas

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Mobil
Mobil is a petroleum brand owned and operated by American oil and gas corporation ExxonMobil. The brand was formerly owned and operated by an oil and gas corporation of the same name, which itself merged with Exxon to form ExxonMobil in 1999. A direct descendant of Standard Oil, Mobil was originally known as the Standard Oil Company of New York (shortened to Socony) after Standard Oil was Standard Oil Co. of New Jersey v. United States, split into 34 different entities in a 1911 Supreme Court decision. Socony merged with Vacuum Oil Company, from which the Mobil name first originated, in 1931 and subsequently renamed itself to Socony-Vacuum Oil Company. Over time, Mobil became the company's primary identity, which incited another renaming in 1963, this time to Mobil Corporation. Mobil credits itself with being the first company to introduce Pay at the pump, paying at the pump at its gas stations, the first company to produce jet aviation fuel, as well as the first company to intr ...
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Ogoni
The Ogonis are a people in the Rivers South East senatorial district of Rivers State, in the Niger Delta region of southern Nigeria. They number just over 2 million and live in a homeland which they also refer to as Ogoniland. They share common oil-related environmental problems with the Ijaw people of the Niger Delta. The Ogoni rose to international attention after a massive public protest campaign against Shell Oil, led by the Movement for the Survival of the Ogoni People (MOSOP), which is also a member of the Unrepresented Nations and Peoples Organization (UNPO). Geography The territory is located in Rivers State near the coast of the Gulf of Guinea, east of the city of Port Harcourt.It extends across four Local Government Areas (LGAs) of Khana, Gokana Eleme and Tai. Ogoniland is divided into the Six kingdoms: Babbe, Gokana, Ken-Khana, Nyo-Khana, Eleme and Tai. Nyo-Khana is on the East while Ken-Khana is on the west. Languages There are multiple languages spoken b ...
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