Oando harps on HSE standards, celebrates five years without LTI
Oando Energy Services, a subsidiary of Oando Plc has stressed the need for full compliance with Health, Safety and Environment (HSE) standards in the industry.
Infrastructure deficit, sliding oil prices may cut Nigeria’s growth projection
Growth is expected to decelerate in Sub-Saharan Africa to 3.7 per cent in 2015, the lowest since 2009, due to declining crude prices and infrastructure (electricity supply and transport) constraints affecting Nigeria and South Africa.
The local content challenge!
At the start of oil exploitation in Nigeria in the late fifties down to the late nineties, it was common to see foreigners dominating all aspects of skilled labour in the industry.
Lower oil prices push down WTO’s trade growth prospects
The World Trade Organisation (WTO) has cut its global trade growth forecast for 2015 from 3.3 per cent to 2.8 per cent amid falling import demand in China, Brazil and other emerging economies, falling oil and commodity prices and significant exchange rate fluctuations.
NERC wins web performance award
The Nigerian Electricity Regulatory Commission (NERC) commitment to making public its activities using its social media platforms has been rewarded with the award on Outstanding Public Sector Website in Nigeria by Phillips Consulting.
Conoil sells kerosene at N50 per litre
Conoil Plc has flooded its stations in Lagos and environs with kerosene sold at the government controlled price of 50 naira per liter.
Military pledges to secure power infrastructure
The Chief, of Training and Operations Nigerian Army Headquarters Major General Fatai Ali, has assured Distributing Companies (DISCO’s), Generating Companies (GENCO’s) and Transmission Companies of Nigeria (TCN) of a round the clock safety of the power infrastructure assets across the country. He said it is the Army’s constitutional duty to provide security when national assets…
IMF predicts slow growth in export of energy, metal by 2017
With a weak outlook for commodity prices, particularly for energy and metals, growth in commodity-exporting emerging and developing economies could slow further over the next few years, says a new study by the International Monetary Fund (IMF). The study, published in the forthcoming 2015 World Economic Outlook, suggested that the recent declines in commodity prices…
Africa oil conference holds in Cape Town
Global Pacific & Partners hosts the 22nd Africa Oil Week/Africa Upstream Conference 2015, in JV with ITE Group plc, 26th– 30th October, Cape Town, South Africa. The event is one of the few top world-class conferences held annually at a continental-level in the international industry calendar, with outstanding over 100 speakers line-up from governments, leading…
AfDB fasttracks universal access to power by 2025
Africa is simply tired of being in the dark. That is why the African Development Bank (AfDB) has launched a New Deal for Energy in Africa, to fast track universal access to power by 2025: lighting up and powering Africa in 10 years, not 50 years, President of AfDB, Akinwumi Adesina, has said. Africa should…