Marketers operating in the downstream industry have said that deregulation remains an enabler for a private sector investment. The marketers who spoke at the just concluded Nigerian Petroleum Downstream Summit Webinar, in Lagos said the downstream industry requires significant investments to raise standards along the supply chain. They said this included improving the refining capacity,…
The Nigerian National Corporation (NNPC) has explained the parametres for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion exercise executed by the corporation as an illustration. The National Oil company says unblemished academic competence, logical thinking, ability to engage meaningfully…
The Nigerian Association of Petroleum Explorationists (NAPE) is to hold another online Seminar titled ” The New Normal Post Covid-19 for the Oil and Gas sector in Nigeria.” The Webinar comes up this week, Wednesday, May 27, 2020. The Seminar will take a look at what the future holds for the oil and gas…
NLNG EPC Contracts: PETAN Lauds Minister, NCDMB, NNPC And Firms The Petroleum Technology Association of Nigeria (PETAN) has commended the signing of the the engineering, procurement, and construction (EPC) contract for Train 7 with the SCD Joint Venture Consortium with Saipem, Chiyoda, and Daewoo by the Nigeria LNG on Wednesday, last week. The Chairman of…
Some pirates, who attacked a ship, have taken to their heels for fear of naval officers. According to FleetMon, “Crew managed to muster in citadel, and wait out the attack, pirates left the ship without hostages taken, fearing approaching naval ships. “Crew is safe. The ship was boarded by reportedly, 7 armed pirates. It goes…
Despite their huge population, women still represent about 20 per cent of the workforce in oil and gas (energy), globally, according to Sarah Bairstow, Chief Commercial Officer, Mexico Pacific Limited. Speaking at the just concluded Gastech webinar on, ‘Emergence of a new global energy order, she said: “Unfortunately, the industry does really tilt towards men….
With 87 million Nigerians living on less than $1.90 a day (from the World Data Lab’s Poverty Clock), Nigeria is considered the poverty capital of the world. It is projected that this figure will rise by 30 million by 2030 and all before we were hit by the COVID-19 pandemic. In Lagos alone, the epicenter…
By: Daniel Terungwa The Federal Government has been urged to restore Dr. Usman Gur Mohammed, as the Managing Director/CEO of Transmission Company of Nigeria, TCN, arguing that he did very well while in office. Investigation showed that many top government officials in the power sector are opposed to his recent removal by the Minister of…
THE IMF approved Jordan’s request for emergency financial assistance under the Rapid Financing Instrument, RFI, of about $396 million. This emergency financial assistance will help address the country’s balance of payment needs and allow for higher spending on healthcare, containment, and assistance to households and companies most affected by the COVID-19 crisis. The Jordanian authorities…
THE COVID-19 pandemic has had a devastating effect on all social and economic sectors. In just three months, the pandemic has left tears, sweats and blood on the people and the economy. For Nigeria, the pandemic is an eye-opener and a rude welcome to a new normal- knowledge economy. Lagos state relies heavily on knowledge…