Bismarck Rewane, Chairman Technical Advisory Committee on Implementation of the National Minimum Wage and Chief Executive Officer & Director at Financial Derivatives, has asked Nigerians to expect an increase in the pump price of petrol. Recall that In 2016, the Buhari government increased a litre of petrol from N87 to N145,
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A pipeline installation to transport dry gas through the North and South corridors to the West corridor has been approved by the Federal Executive Council at the cost of N2.5bn. The 30-kilometre project, which is operated by Shell and Seplat, has a dollar component of $32m. It is designed to transport dry
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THE issue of unfair Labour practices by International Oil Companies, IOCs, operating in Nigeria has become legendary unfortunately due to their local collaborators both in the corridors of power and outside, who shield these IOCs for personal aggrandizement to the detriment of other Nigerians, especially oil workers. But news from the
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About 15 to 20 cargoes of Nigerian crude oil from the April loading programme remain unsold despite the cut in selling prices. Some of those cargoes are expected to be absorbed by oil majors’ own refining systems, according to Reuters. The official selling prices of a basket of May-loading crude oil grades
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THE oil industry will continue to be vulnerable to manipulations as long as the country imports petroleum products, the National Union of Petroleum and Natural Gas Workers (NUPENG) President, Williams Akporeha, has said. His statement follows speculations that the Federal Government may have yielded to pressures by the International Monetary Fund
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Inadequate gas infrastructure, absence of gas-aided businesses, such as power, petrochemicals and fertiliser plant, regulated low prices and non-payment of legacy debts, are affecting maximum value derivation from gas resources, the Producers Trade Section (OPTS) Chairman, Paul McGrath, has said He stated this at the National Gas Association (NGA)Business Forum in
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The Petroleum Technology Association of Nigeria (PETAN) is once again coordinating the Nigerian Pavilion at the Offshore Technology Conference (OTC) holding at Houston, Texas from May 6 to May 9, 2019. The OTC is the premier gathering of professionals and opinion leaders in the global oil and gas industry, and it
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Pan Ocean Oil Completes Gas Plant, Two Other Projects. Pan Ocean Oil Corporation (Nigeria) Limited announced on Sunday that it had completed three key projects, comprising a crude oil pipeline, a gas processing plant and a production facility. The company said the projects would significantly boost infrastructure in the Nigerian oil
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Executive Order 07: APBN Demand Responsibility Of First Layer Process The Association of Professional Bodies of Nigeria (APBN) has called for a procurement support in the Executive Order 07 that will have the responsibility of first line processing of each application vis-à-vis the project cost. This was part of a resolution issued
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The Nigerian Content Development and Monitoring Board (NCDMB) has identified approaches the Oil and Gas Trainers Association (OGTAN) should adopt to make training in Nigeria’s oil and gas industry meet globally acceptable industry standards. NCDMB Executive Secretary, Simbi Wabote, in his presentation on “Human capital development as a driver for national
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