NEWS REVIEW FOR THURSDAY, AUGUST 16, 2018
Oil & Gas
Refineries: PTDF to stop importation of refining catalysts
The Petroleum Technology Development Fund is working with engineers and researchers to halt the importation of catalysts used in refining crude in Nigerian refineries.
We’ll support efforts to resuscitate the refineries —PTDF
The Petroleum Technology Development Fund says it will support efforts to address some of the major challenges hindering the operations of Nigeria’s refineries.
PTDF to tackle refineries’ challenges, halt import of catalysts
The Petroleum Technology Development Fund, PTDF, yesterday, said it was working with some engineers and researchers to halt the importation of refining catalysts to address one of the major challenges hindering the effectiveness of the country’s refineries.
‘Revenue from crude oil not economically sustainable’
Nigeria must stop relying on crude oil earnings as the revenue it generates from the commodity is not economically sustainable, a former United Nations Permanent Representative and Under Secretary-General to the world body, Prof Ibrahim Gambari, as well as heads of other organisations, have said.
NCDMB wants more oil firms to list on NSE
The Nigerian Content Development and Monitoring Board has said it would like to see more oil and gas firms in the country list on the Nigerian Stock Exchange.
DPR, task force to stop substandard petroleum products
The Department of Petroleum Resources, Bayelsa State office, says it has partnered the Presidential Task Force to tackle the problems of illegal refining and production of substandard petroleum products in the state.
‘Why Nigeria’s gas sector development may remain elusive’
The Nigerian gas sector outlook may remain bleak if lingering challenges, especially unfavourable regulatory framework and poor monetary policies are not addressed.
Oil slumps after report of rising US stocks
Oil prices fell on Wednesday, weighed down by a gloomier global economic outlook and a report of rising United States’ crude inventories, even as the US sanctions on Tehran threatened to curb Iranian crude oil supplies.
Energy360 unveils technology for downstream operators
Energy360 Africa Limited, an indigenous downstream petroleum technology firm, has unveiled solutions aimed at improving operational efficiency in the downstream sector of the nation’s oil and gas industry.
Stakeholders handicapped in Ogoni clean-up — NOSDRA
NATIONAL Oil Spill Detection and Response Agency, NOSDRA, has said that stakeholders are handicapped in the actual cleaning of oil polluted Ogoniland, Rivers State, due to continued oil spill and illegal refining in the area.
IPMAN calls off solidarity strike
ANAMBRA State Government says it has been resolved that members of Independent Petroleum Marketers Association of Nigeria, IPMAN, will call off their one-day solidarity strike today.
Inflation falls marginally to 11.14%
The National Bureau of Statistics on Wednesday released the Consumer Price Index which measures inflation, with the index dropping by 0.09 percentage points from 11.23 per cent in June to 11.14 per cent in July.
NECA assures of decent jobs as it sets up body for enhanced global competitiveness in business
THE issue of decent work has become part of global industrial relations practice.
Electricity workers threaten nationwide strike over alleged abuse of labour rights
The epileptic power power supply may become worse as the workers in the sector are threatening to embark on industrial action over abuse of labour rights by the managing director of Transmission Company of Nigeria (TCN), Usman Mohammed.
Experts seek policies to address youth unemployment
As Nigeria joined the rest of the world to mark the International Youth Day (IYD), experts have charged the government to create policies that would proffer solutions to the rising spate of unemployment among youths.
Nigerians, AI caution against gagging media ahead of 2019 polls
Eminent Nigerians, including Governor Ayodele Fayose of Ekiti State and former Vice President, Atiku Abubakar, have cautioned governments at all levels and their agencies against actions or decisions capable of impeding effective performance of the media.
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