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


https://www.dailytrust.com.ng/chinese-oil-firm-agrees-to-secure-funds-for-nnpcs-2-8bn-akk-project.html

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.

Chevron Put Commitment to Nigeria’s 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.
https://www.dailytrust.com.ng/group-raises-alarm-over-activities-of-expatriates-in-oil-sector.html

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.
https://www.dailytrust.com.ng/totals-egina-fpso-arrives-field.html

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

Navy Deploys 16 Warships to Critical Oil Installations in N’Delta, W’Africa

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.
https://www.dailytrust.com.ng/get-involved-in-oil-industry-reform-ncdmb-boss-tells-lawyers.html

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.

South Africa Slips into Recession

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