NEWS REVIEW FOR WEDNESDAY, AUGUST 16, 2017
Oil & Gas
Restructuring will place NNPC on growth path – Baru
The ongoing reforms of the Nigerian National Petroleum Corporation (NNPC) will place the corporation on a long-term growth trajectory for the benefit of all stakeholders, NNPC Group Managing Director, Dr. Maikanti Baru, said on Tuesday.
NEITI’s Board Approves New Auditor to Undertake 2015 Oil Sector Review Cycle
The Nigeria Extractive Industries Transparency Initiative (NEITI) Tuesday disclosed that it had appointed an indigenous audit firm to undertake its annual independent audit of operations in Nigeria’s oil and gas industry for the year 2015.
Gas production to grow faster than oil, coal by 2022
Gas production will grow faster than oil and coal over the next five years, helped by low prices, ample supply, and its role in reducing air pollution and other emissions, according to a new analysis and forecasts to 2022 by the International Energy Agency (IEA).
Modular refiners to get pioneer status, duty waivers
The Federal Government has unveiled plans to assist investors in modular refineries to obtain pioneer status, secure various duty waivers, import facilitation of equipment and engineering review to enable Nigeria become self-sufficient in petroleum refining.
Minister urges Nigeria to prepare for post crude oil era
The Minister of Science and Technology, Ogbonnaya Onu, wants Nigeria to begin preparing for the post crude oil era by paying adequate attention to science, technology and innovation, as Europe and the industrialised world are shifting attention from fossil fuel.
Compliance audit: NPDC, BPE, Total among 15 lowest performers
The Nigeria Extractive Industries Transparency Initiative on Tuesday announced that its ongoing independent audit of the oil and gas industry covering 2015 recorded 94 per cent compliance by companies and relevant government agencies.
Poop is becoming a new source of fuel for cooking
A Kenyan company is taking the excess faecal waste from residents in Nakuru and transforming it into a usable fuel source for cooking and heating.
ASUU strike may end in two days, says government
The Minister of Education, Mallam Adamu Adamu, yesterday assured Nigerians that the industrial action embarked upon by the Academic Staff Union of Universities (ASUU) may end in two days.
Strike enters third day, ASUU says negotiation hasn’t started with FG
The Federal Government and the leadership of the Academic Staff Union of Universities on Tuesday presented different views on a parley involving both parties over the strike by university teachers.
Fashola makes a U-turn, says consumers can pay for meters
The Federal Government has said that it will not oppose the wishes of electricity consumers that are willing to pay for meters from their distribution companies based on agreement between both parties as endorsed by the power sector regulator.
ILO links job creation to conflict prevention
The International Labour Organisation says the creation of decent jobs for young people will help to prevent conflict, encourage reconstruction, and build resilience in fragile situations.
Fate of Nigeria’s Infrastructure Master Plan Worries NESG
The Nigerian Economic Summit Group (NESG) has expressed concern about the fate of the federal government’s National Integrated Infrastructure Master Plan (NIIMP) as the current administration’s willingness to review and implement the plan remains bleak.
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