NEWS REVIEW FOR TUESDAY, SEPTEMBER 4, 2018 Oil & Gas PIGB: As Nigeria’s Oil Reform Hits Brick Wall Hopes that Nigeria would enact the much-needed reforms in her oil and gas industry may have been dashed once again with President Muhammadu Buhari’s refusal last week to assent to the Petroleum Industry Governance Bill (PIGB), an offshoot of the omnibus Petroleum Industry Bill (PIB)
PIGB: As Nigeria’s Oil Reform Hits Brick Wall
NUPENG to boost workers’ welfare for maximum productivity Plans are underway by the President Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to increase the welfare of its workforce to boost productivity.
NUPENG to boost workers’ welfare for maximum productivity
We didn’t complain over rail infrastructure, PIGB delay — NCDMB The Nigerian Content Development and Monitoring Board (NCDMB) has debunked the sensational headlines reported in some newspapers last week to the effect that the Board has queried the infrastructural development in the rail sector and delayed passage of the Petroleum Industry Governance Bill (PIGB).
We didn’t complain over rail infrastructure, PIGB delay — NCDMB
AKK gas pipeline project to commence next month – NNPC The Nigerian National Petroleum Corporation, NNPC, Monday, stated that work would commence on the Ajaokuta-Kaduna-Kano, AKK, pipeline project by October, at the onset of the dry season.
AKK gas pipeline project to commence next month — NNPC
Chinese oil firm agrees to secure funds for NNPC’s $2.8bn AKK project
Forex irregularities scare marketers off kerosene importation Oil marketers in Nigeria are still reluctant to resume the importation of Dual Purpose Kerosene (DPK), after abandoning the venture for over two years on the grounds of unprofitability.
Forex irregularities scare marketers off kerosene importation
Crude oil sells at $78.24 as output peaks Members of the Organisation of Petroleum Exporting Countries (OPEC) last month produced 32.74 million barrels of crude oil per day, as price rose sharply to $78.24.
Crude oil sells at $78.24 as output peaks
Chevron Put Commitment to Nigeria’s Local Content at $2bn Chevron Nigeria Limited (CNL) has said its financial commitment to the development of Nigeria’s local content law in the operations of the country’s oil and gas industry has now reached $2 billion. https://www.thisdaylive.com/index.php/2018/09/04/chevron-put-commitment-to-nigerias-local-content-at-2bn/ Group raises alarm over activities of expatriates in oil sector A civil society group, Campaign Against Impunity (CAI) has raised an alarm over activities of a certain group of expatriates in the nation’s oil sector, allegedly frustrating indigenous oil companies.
Group raises alarm over activities of expatriates in oil sector
NPA reports gains of new oil cargo handling policy THERE are indications that the breaking of monopoly over handling of oil and gas consignments has enabled oil companies to cut cost of operations in Nigeria.
NPA reports gains of new oil cargo handling policy
Total’s Egina FPSO arrives field The Nigerian National Petroleum Corporation (NNPC), Total Upstream Nigeria Limited, TUPNI and her partners have announced the successful sail-away of Egina Floating, Production, Storage and Offloading (FPSO) unit from the SHI-MCI Yard, LADOL Island in Lagos.
Total’s Egina FPSO arrives field
Navy inaugurates 16 patrol vessels to patrol key oil installations THE Nigerian Navy, yesterday, inaugurated 16 patrol vessels which are to be deployed to patrol and police key oil installations within the maritime domain.
Navy inaugurates 16 patrol vessels to patrol key oil installations
https://www.thisdaylive.com/index.php/2018/09/04/navy-deploys-16-warships-to-critical-oil-installations-in-ndelta-wafrica/ Customs intercept N1.5bn smuggled petroleum products The Nigeria Customs Service, Federal Operations Unit,, Zone ‘A’ Ikeja, said that it had intercepted N1.5bn worth of petroleum products about to be smuggled out of the country to Benin Republic.
Customs intercept N1.5bn smuggled petroleum products
Get involved in oil industry reform, NCDMB boss tells lawyers Nigerian Lawyers have been told to get more involved in the ongoing reforms in the Oil and Gas Industry.
Get involved in oil industry reform, NCDMB boss tells lawyers
Other News Why China has an edge over UK, US in Africa —Kachikwu Minister of State for Petroleum Resources, Dr Ibe Kachikwu, weekend, said China has an edge over the US and UK in Africa because it was providing what Africa needed.
Why China has an edge over UK, US in Africa —Kachikwu
Only fraudsters will demand money to process pension — PTAD THE Pension Transitional Arrangement Directorate, PTAD, has warned pensioners to avoid persons who demand money to process their pension payments, saying that such persons are likely to defraud them.
Only fraudsters will demand money to process pension — PTAD
Support FG’s proposed new minimum wage, TUC urges govs Bayelsa State chapter of Trade Union Congress of Nigeria, TUC, has appealed to state governors and other stakeholders across the country to support the on-going move by the Federal Government for a new minimum wage for workers in the country.
Support FG’s proposed new minimum wage, TUC urges govs
Nigeria’s external debt rises by $11.77bn in three years Nigeria’s external debt commitment rose by $11.77bn in the last three years, investigation has shown.
Nigeria’s external debt rises by $11.77bn in three years
Insecurity: SGF inaugurates committee on peace commission establishment Secretary to the Government of the Federation, Mr Boss Mustapha, has inaugurated a committee on the establishment of the National Peace Commission with the acting Director General of the Institute for Peace and Conflict Resolution, Dr Bakut Bakut, as chairman.
Insecurity: SGF inaugurates committee on peace commission establishment
South Africa Slips into Recession South African President Cyril Ramaphosa unexpectedly suffered the same false start as his predecessor nine years ago: a recession in his first six months in office. https://www.thisdaylive.com/index.php/2018/09/04/south-africa-slips-into-recession/ This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system