OIL & GAS

Shell retirees seek better care for senior citizens

The Shell Pensioners Association, Lagos Branch, says it wants to commence a campaign that will enshrine the culture of care for the elderly in public places.

https://punchng.com/shell-retirees-seek-better-care-for-senior-citizens/

Cooking Gas Scarcity Looms as NIMASA Detains NLNG Vessel

Nigerians may experience scarcity of Liquefied Petroleum Gas (LPG), better known as cooking gas, following the detention of NLNG Limited’s vessel by the Nigerian Maritime Administration and Safety Agency (NIMASA) over alleged violation of the Cabotage Act, THISDAY has learnt.

https://www.thisdaylive.com/index.php/2019/02/11/cooking-gas-scarcity-looms-as-nimasa-detains-nlng-vessel/

PETROLEUM INDUSTRY OUTLOOK POST 2019 ELECTIONS

Regardless of whoever emerges as the president, the Nigerian petroleum industry needs serious reform.

https://www.thisdaylive.com/index.php/2019/02/11/petroleum-industry-outlook-post-2019-elections/

 

Oil majors shy on Nigeria, look elsewhere for growth opportunities

Oil majors are fine-tuning their growth strategies either for petrochemicals, gas or energy transition programs, but Nigeria is not a high priority investment destination. According to their full-year 2018 financial results released recently, ExxonMobil, Total and Chevron booked strong results despite a 40 percent decline in the value of oil prices in the fourth quarter…

https://businessday.ng/exclusives/article/oil-majors-shy-on-nigeria-look-elsewhere-for-growth-opportunities/

 

OTHER NEWS

NIMASA detains LPG tanker for flouting Cabotage law

The Nigerian Maritime Administration and Safety Agency says it has commenced clampdown on vessels that do not comply with the provisions of the Cabotage Compliance Strategy.

https://punchng.com/nimasa-detains-lpg-tanker-for-flouting-cabotage-law/

As ASUU suspends strike

The Academic Staff Union of Universities [ASUU] conditionally suspended its strike action on Thursday last week, February 7 and directed its members to resume work with effect from last Friday following an agreement it signed with the Federal Government. ASUU President Prof. Biodun Ogunyemi listed eight items contained in the agreement signed by both parties, Memorandum of Action (MoA) of 2019.

https://www.dailytrust.com.ng/as-asuu-suspends-strike.html

Food prices rise in January on price discount reversal

World food prices recorded an increase last month compared to the previous month in December, 2018, reports by United Nation’s food agency, Food and Agriculture Organization, FAO, and a Securities and Exchange Commission, SEC, registered investment banking firm, Arm Securities, have shown.

https://www.vanguardngr.com/2019/02/food-prices-rise-in-january-on-price-discount-reversal-reports/