FG moves to mitigate COVID-19 impact on oil sector
The Federal Government is to adopt industry-wide cost containment measure and aggressive capital allocation to key projects as part of efforts to mitigate the impact of the COVID-19 pandemic on the oil and gas sector.
FG explains deregulation of oil downstream sector
The Minister of State for Petroleum Resources Chief Timipre Sylva says the deregulation of the downstream oil sector was to ensure economic growth and development of the country.
Nigeria to profit from PPP investments in oil sector
Partnership between the Federal Government and indigenous oil players is expected to drive new investments in the oil refining space, as new modular refineries are expected to come on stream.
How use of steel drums can aid safety, cost-saving in oil sector
Operators in the oil and gas industry value-chain have advocated increased adoption of steel drums as a safe means on storing low viscosity fluids and other hazardous chemicals used in the sector.
Tackling unending industrial agitations in oil sector
One distinction between industrial agitation in the oil and gas sector and other segments of the Nigerian economy is the capacity of the sector to cripple the entire economy even before it is declared. Indeed, with little ‘help’ from the media, the threat to embark on an industrial action by either the Nigeria Union of…
PENGASSAN vows to resist unlawful dismissal of oil sector employees
Speaking after his re-election, Johnson said: “We demand that the government should stem the wave of redundancies in the oil and gas industry, especially by the International Oil Companies (IOCs) and other service companies.
Non-oil sector as a game changer in Nigeria
Efforts geared towards diversifying the economy, reviving the agricultural sector and exploring the non-oil sector of the economy have been on for decades, since the fortunes of oil in the global market took a turn for the worse in the 80s.
Oil sector loses N200bn to production disruption
Nigeria has lost over N200 billion in the last 11 months due to the force majeure declared by Shell Petroleum Development Company (SPDC) as a result of the vandalism of the 48-inch Forcados export line in 2016.
NCDMB may outlaw outsourcing of jobs in oil sector
The Nigeria Content Development and Monitoring Board (NCDMB) may outlaw outsourcing of jobs that indigenous companies have the capacity to execute.