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Wood Mackenzie

4 Mar
Given the current energy transition and need to plug oil theft, business intelligence provider, Wood Mackenzie (WoodMac), has said the deal between ExxonMobil and Seplat Energy Plc will aid the latter’s diversification...
21 May 2021
Experts at a global research body, Wood Mackenzie, in a report released yesterday predicted further woes for the oil and gas sector, stating that the pressure from energy transition could wipe as much as $14 trillion...
9 Jun 2020
Although OPEC+ agreed at the weekend to extend 9.7million barrels cuts in daily crude oil production through the end of July, lending oil prices some support, operators in the exploration industry are hopeful that the cuts ....
23 Jan 2020
Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip by as much as 15 per cent.
8 Dec 2018
The Organisation of Petroleum Exporting Countries (OPEC) and other major oil producers yesterday agreed to cut about 1.2 million barrels of oil to address falling oil price, which is currently facing a record low of $63 a barrel. The deal made possible by the cartel and allied oil-producing nations including Russia would see the15-member OPEC…
16 Aug 2018
Industry research group, Wood Mackenzie (Woodmac) has said emerging signs of improved execution suggest companies are getting it right after a period of dismal performance on upstream oil and gas projects.
20 Apr 2018
Oil and gas investors, especially stakeholders in upstream are optimistic that the price of oil will soon hit $75 per barrel soon.The experts added that the cost savings and operational improvements are where the gains of the energy sector would be realised going forward as the development would assist the sector....
8 Mar 2017
There are indications that the new rules by the International Maritime Organisation (IMO) would cost shipping firms additional $60 billion yearly, as the industry tilts towards cleaner fuel for water transport.

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Massive flooding on Sunday overran Ajaokuta-Ganaja-Lokoja road in Kogi which links the metropolis to the eastern part of the state.
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The Lagos State Environmental Enforcement and Special Offences Unit impounded 150 motorcycles for violating traffic rules in the last one week.
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Just as most beliefs, the Yoruba culture includes a world of myths, allegories, poetry and the love and wisdom of the Ifa divination system which helps to remind the Yoruba people of their past and customs that have survived through history and have helped shape their literature and religion as we know it today. Yoruba…
5 hours ago
September 10 of every year is dedicated to preventing suicide in our society. The 2022 World Suicide Prevention Day theme is “Creating Hope through Action.” The World Health Organization estimates that about 703,000 people die from suicide every year. That translates to about one suicide death every 44 seconds and 1,926 deaths every day. The…
5 hours ago
Police Service Commission (PSC) has extended the closure of its recruitment portal for the 2022 batch of constables in the Nigeria Police Force (NPF) by one month.