OIL & GAS
PENGASSAN to tackle oil firm on staff disengagement
Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) may have resolved to challenge ExxonMobil over its plan to disengage its workers.
NNPC seeks investors for $48bn oil sector capital projects
The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, has called on investors to utilise the over $48bn investment opportunities available in the upcoming capital projects in Nigeria’s oil and gas industry.
Nigeria complied with OPEC cut deal in February —Kachikwu
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said Nigeria implemented its portion of the production deal by the Organisation of Petroleum Exporting Countries in February, a move that enhances the impact of supply cuts that have already boosted crude prices.
NLNG calls for entries in 2019 literature prize, others
The Advisory Boards for The Nigeria Prize for Literature, The Nigeria Prize for Science and The Literary Criticism Prize, sponsored by Nigeria Liquefied Natural Gas Limited, have called for entries in the 2019 edition of the awards.
Mohammed Abacha heads to Appeal Court over Malabu Oil
The son of former Military Head of State, Mohammed Abacha, has dragged the Federal Government, Shell Petroleum Nigeria and others to the Appeal Court as the battle over Malabu Oil rages.
BUSINESS Oil Prices Dip on China’s Weakening Economy
Published 11 mins ago on March 1, 2019 By CHIKA IZUORA Oil prices slipped yesterday as a result of China’s weakening economy and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC.
How OPEC’s refusal to ease supply hike oil prices
Following resistance by the Organization of the Petroleum Exporting Countries (OPEC) to stick to its supply cuts despite pressure from U.S. President Donald Trump, Oil prices rose on Wednesday after a report of declining U.S. crude inventories.
Buhari’s re-election, good omen for NNPC Oil, Gas sector-Stakeholders
Stakeholders in the Nigerian oil and gas sector says the re-election of President Muhammadu Buhari is good omen for the oil and gas sector.
NLC dismisses Amosun’s threat, insists on
The Nigeria Labour Congress has denounced a threat against its leadership by the Ogun State Governor, Ibikunle Amosun, over the union’s protest slated for Friday.
Mining Sector Losing Revenue Due To Unreliable Data – NEITI
Published 1 min ago on March 1, 2019 By FESTUS OKOROMADU The absence of accurate and authentic data has been identified as major factors responsible for the federal government losing accruable revenues from the country’s mining sector.