OIL & GAS
Take over operation of OML 11 from Shell, Buhari orders NNPC
President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation to take over the operatorship of the entire Oil Mining Lease 11 from Shell Petroleum Development Company.
NNPC confirms recruitment of fresh graduates, others
The Nigerian National Petroleum Corporation says it has commenced recruitment of fresh graduates and experienced professionals.
Exporters earned $1.16bn from non-oil business in three months
Total non-oil export earnings received through the banks in the last quarter of 2018 amounted to $1.16bn, representing an increase of 1.5 per cent and 85.9per cent above the levels in the preceding quarter and the corresponding quarter in 2017 respectively.
Twelve ships arrive Lagos ports with petrol,
Twelve ships carrying various products have arrived at Apapa and Tin-Can Island ports, waiting to berth, the Nigerian Ports Authority said in its daily publication on Wednesday in Lagos.
Eni makes significant oil find offshore Angola
Italy’s Eni has made a significant discovery in Block 15/06 offshore Angola estimated to contain 450 million to 650 million barrels of light oil in place with further upside, it said on Wednesday.
The discovery was made at the Agogo exploration prospect in Block 15/06 which feeds into its West Hub project, according to S&P Global Platts.
We supported NLNG to save fishing trawler —NIMASA
The Nigerian Maritime Administration and Safety Agency said it collaborated with the Nigeria LNG Limited to save a fishing vessel named MV ORC4 from sinking, shipsandports.com.ng reported on Wednesday.
Lagos oilfield output hit 1.2 million barrels in 2018
Crude oil production from Aje field, offshore Lagos, rose to 1.2 million barrels in 2018, one of the joint venture partners have said.
Chevron/NNPC Sign Gas Sales Agreement with Dangote
Chevron Nigeria Limited (CNL), operators of the Nigerian National Petroleum Corporation (NNPC)/ Chevron joint venture projects yesterday said it has signed a Gas Sale and Aggregation Agreement (GSAA) with Dangote gas Aggregation Company of Nigeria Limited (GACN) as the aggregator.
Breaking: Bonny light price rises to $67.48 per barrel
The price of Bonny Light, Nigeria’s premium oil grade has risen from $66.00 to $67.48 per barrel, the highest in recent times, as the Organisation of Petroleum Exporting Countries, OPEC; continue to eliminate excess oil from the global market.
NCDMB, stakeholders to examine oil, gas opportunities
Stakeholders in the nation’s oil and gas industry will converge on Yenagoa, Bayelsa State next month to examine investment opportunities, the Nigerian Content Development and Monitoring Board has said.
Senate minimum wage panel begins sitting
Members of the senate committee on minimum wage bill held their first sitting on Wednesday with an assurance that they would submit their report by Tuesday next week.
Labour asks Shettima to pay pensioners
Borno State Governor Kashim Shettima has been told by the Nigeria Labour Congress in the state to pay pensioners their entitlements before leaving office on May 29.
Minimum wage: Senator Adeola urges RMFC to review revenue allocation formula
Chairman of Senate Committee on Local Content, Solomon Adeola, has called for the review of revenue allocation formula by the Revenue Mobilisation and Fiscal Commission (RMFC), as a way of effectively implementing the recommended N30,000 minimum.
How Amosun bowed to Labour power
Despite receiving billions in bailout funds, Ogun State Government continues to owe its workers arrears of salaries. Mostly affected are workers of the Tai Solarin College of Education who have been owed arrears of salaries and pension for close to a decade.”
These were the words of the President of Nigeria Labour Congress, NLC, Ayuba Wabba, while addressing guests and delegates at the opening ceremony of the recent 12th Quadrennial National Delegates Conference of NLC, on February 5, 2019.
Menopause: No cause for worries
As a facilitator in health talks in churches and social organisation, I have found that most questions asked centered on middle age challenges. The most commonly asked are on arthritis, diabetes, hypertension and menopause. I had promised on various occasions that I would populate my column with menopause on a convenient time and inform them. That promise is what I intend to keep today.
Air crash: FG bans Boeing 737-Max planes
The Federal Government on Wednesday announced a ban on Boeing 737-Max aircraft flying in Nigerian airspace after the Ethiopian Airlines flight from Addis Ababa to Nairobi crashed on Sunday, killing 157 people.