OIL & GAS
FG wants Saudi Arabia to invest in refineries
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the Federal Government is asking Saudi Aramco for some investment into the nation’s refineries.
NPC’s Subsidiary set for 90% Seismic Projects Market Share Dominance
The Integrated Data Services Limited (IDSL), the premier geological and geophysical subsidiary of the Nigerian National Petroleum Corporation (NNPC), has revealed that it was aggressively boosting its seismic data acquisition technologies and capacities to handle 90 per cent of all seismic exploration projects in the country with a view to supporting the federal government’s aspiration of growing the national reserves base to 40billion barrels.
Rising oil price pushes petrol landing cost above N180
The landing cost of Premium Motor Spirit (petrol) being imported into the country will rise further on the back of the recent increase in global oil prices.
Occidental challenges Chevron with higher bid for Anadarko
Occidental Petroleum launched a campaign on Wednesday to buy Anadarko Petroleum in a hostile takeover, challenging Chevron’s proposed acquisition in a battle over key US shale assets.
Seplat to raise $700m for gas development
Seplat Petroleum Development Company Plc said on Wednesday that it had taken a final investment decision to develop gas fields in Imo State and would raise $700m for the venture in partnership with the Nigerian National Petroleum Corporation.
ExxonMobil boss identifies unique opportunities of gas to Nigerian economy
For Nigeria, gas provides a unique opportunity to provide steady, widely available, cost-effective and generally affordable power to everyone, according to Paul Mcgratt, the managing director of ExxonMobil
Shell announces deep-water discovery in Gulf of Mexico
Shell Offshore Inc., a subsidiary of Royal Dutch Shell Plc, announced on Wednesday a significant discovery at the Blacktip prospect in the deep water US Gulf of Mexico.
How digitization is making online crude oil trading easier
Digitalization is gradually taking over the economy. Many businesses are changing their mode of operation using cyberspace technology. One of the most common businesses in cyberspace is online trading. It has become the most stable source of income for many entrepreneurs globally.
Govt warns marketers diverting PMS, AGO allocated to Edo to other states
The Edo State Government has warned petroleum marketers in the state to desist from diverting petroleum products allocated to Edo State to neighboring states, thereby causing artificial scarcity of the products.
Oil Prices Slip Even With US Tighter Sanctions On Iran
Oil prices inched lower yesterday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington’s push for tighter sanctions against Iran.
We’ll ensure payment of N30,000 minimum wage – NLC
The Nigeria Labour Congress on Wednesday vowed to ensure the implementation of the new national minimum wage of N30,000 recently signed into law by President Muhammadu Buhari.
Minimum wage, maximum problems
Let no one be under the illusion that the new minimum wage will provide the needed succour for civil servants in this era of socio-economic quagmire and political uncertainty.
Health benefits of walnuts
Do you know a plant that grows in Nigeria and is nicknamed natural Viagra? The name of the plant is Walnut. Yoruba call it Awusa or Asala, while Igbo calls it Ukpa. If you know the local name in your own language or dialect, please share it here on this platform. We are compiling a list of local Nigerian plants with their local names.