Friday, 22nd October 2021
Breaking News:

Wood Mackenzie

21 May
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.


1 hour ago
Not relenting on the chart-topping success of "Feeling," Ladipoe is back with a new song titled "Running" on which he features Fireboy DML. "Running" is Ladipoe's second single this year. The rapper revealed that it is also the first single off his forthcoming EP "Providence," set to drop next month. Fireboy, who delivered the chorus,…
1 hour ago
Communications Commission (NCC) on Friday alerted Nigerians of the existence of new, high-risk and extremely-damaging, Malware called “ Flubot”.
1 hour ago
Nigeria’s Ambassador to Benin Republic, Gen. Tukur Buratai (Rtd), has said the North-East lacks development and this is fuelling insurgency in the zone.
1 hour ago
Minister of Transportation Rotimi Amaechi Friday said train service will resume on the Abuja-Kaduna route on Saturday, days after a section of the rail line was blown by gunmen. Amaechi, who disclosed this yesterday during an on-site inspection of the scene of the blast, said government is working with the Department of State Services and…
4 hours ago
Borno says it will close all Internally Displaced Persons (IDP) camps located within Maiduguri, by Dec. 31.