OIL & GAS
Oil workers urge FG not to renege on rehabilitation of refineries
Oil workers under the auspices of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have urged President Muhammadu Buhari not to renege on his determined efforts to diversify the nation’s economy and optimally rehabilitate the four refineries.
Buhari’s re-election will guarantee refinery revamping – NNPC
The Nigerian National Petroleum Corporation (NNPC) says the re-election of President Muhammadu Buhari will help to facilitate the revamping of the nation’s refineries.
NNPC loses N228.1bn revenue as refineries remain dormant
The Nigerian National Petroleum Corporation lost revenue of N228.1bn between April and November 2018, a period of about seven months, as its refineries continued to perform poorly, the latest industry data revealed.
FG trains stakeholders on measurement in oil, gas sector
The Federal Government, on Monday, commenced training of stakeholders involved in the oil and gas sector on proper metering and measurement in the sector for enhanced national economic development.
Crude trade: Nigeria set to migrate from FOB to CIF
The Nigerian Maritime Administration and Safety Agency has said that it achieved a level of success on the discussion around the migration from Free On Board to Cost, Insurance and Freight trade terms for the nation’s crude oil.
FG spent N2.95tn on petrol imports in 2018 –NBS
the amount spent by the Federal Government on the importation of Premium Motor Spirit, also known as petrol, soared by nearly 50 per cent to N2.95tn last year.
Pipeline leak delays Nigeria’s Forcados crude loadings
Loadings of Nigeria’s Forcados crude oil, one of the nation’s largest export grades, have been delayed by at least 10 days after a leak on the main pipeline, Reuters quoted industry and local sources as saying.
Shell rules out force majeure on oil export after Nembe fire
Royal Dutch Shell has disclosed that it does not have plans to declare force majeure on Bonny Light exports after a fire in an area around a key pipeline.
Shell Inducts 30 Engineering Graduates
Thirty engineering graduates have been inducted to the fifth batch of the Shell Nigeria internship programme, a four-year old scheme designed to help young graduate engineers upscale their skills in readiness for employment in the energy sector.
Nigeria Heightens Field Growth as Global Oil & Gas Drilling Set to Surge
New forecast has said that Nigeria growing drilling activities would support expected global surge in oil and gas drilling this year.
Sentiment, speculation, rumours influence oil market – Barkindo
The Organisation of Petroleum Exporting Countries, OPEC, has identified sentiment, speculation and rumours as major determinants of developments in the global oil market.
BudgIT Charges Buhari to Prioritise Oil Sector Reform
BudgIT, a civic organisation has called on President Muhammadu Buhari to focus on oil and gas sector reforms in his second term.
Jeon: Why Local Content Matters in Nigeria’s Oil and Gas Industry
The Managing Director of Samsung Heavy Industries Nigeria (SHIN) Limited, Mr. Jejin Jeon, in this interview speaks on his company’s accomplishments in the area of local content in Nigeria’s oil and gas sector. Oluchi Chibuzor presents the excerpts:
Report: Oil Sector Contributes 92.9% of Illicit Financial Flows
A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) and Trust Africa has disclosed how companies and persons doing business in Nigeria’s oil and gas sector contribute 92.9 per cent of the total amount of illicit financial flows (IFFs) the country records every year.
US-China Trade Dispute Resolution Pushes Oil Prices Up
Oil prices moved up slightly yesterday as the United States and China were reported to be close to signing a trade deal, to bring to bring to an end a row that has roiled financial markets and clouded the outlook for the global economy.
Nigeria raises oil, gas investment projection ceiling to $48bn
The Federal Government has raised the ceiling for oil and gas projects’ investments currently available in Nigeria to $48 billion.
Tinubu: Oil sector suffers skills gap
The oil and gas sector suffers from skills shortage that is compounded by a small pool of homegrown talent, Group Chief Executive, Oando PLC. Mr. Wale Tinubu, has stated.
He said this in a statement made available to New Telegraph in Lagos.
ASCSN demands immediate implementation of N30, 000 minimum wage
Following his re-election victory, the Association of Senior Civil Servants of Nigeria (ASCSN), has demanded immediate implementation of the N30,000 national minimum wage from President Muhammadu Buhari.
Congratulating President Buhari for his re-election, the union urged him to implement the new national minimum wage as soon as the Senate passed the Bill since the House of Representatives had already done so.
NLC converges on Abeokuta today to protest govt anti-workers policies
The leadership of the Nigeria Labour Congress (NLC) and its 43 affiliates will today converge on Abeokuta, the Ogun State capital to protest against the state government over what it described as grievous mistreatment by the state workers by Governor Ibikunle Amosu.
PenCom fines employers, recovers N15.31bn unremitted pensions
The National Pension Commission has recovered N15.31bn from defaulting employers, who failed to remit the pension deductions of their workers into the Retirement Savings Accounts of workers.
Minimum wage: Senate shops for new chairman as Adeyeye quits
The leadership of the Senate has yet to appoint a new chairman for its ad hoc committee on Minimum Wage Bill following the voluntary withdrawal of the Senate Chief Whip, Senator Olusola Adeyeye, from the panel.
N30,000 minimum wage: We won’t sack workers –Niger govt
The Niger state government has reassured civil servants of its commitment to the full implementation of the N30,000 minimum wage, as agreed with the organised labour.
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