OpeOluwani Akintayo 19 January 2018, Sweetcrude, Lagos — Nigeria’s rig count decreased from 29 in November 2017 to 28 in…
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19 January 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $67.20 a barrel…
Oil prices have risen in recent months, after OPEC and a clutch of countries outside the cartel struck a landmark deal at the end of 2016 to cut back production to combat a global oil glut.
The lawmakers, who noted that the 16-page report did not meet their expectations, lamented that it, however, energized the corruption that was on going in the sector, and not a representation of Senate’s integrity.
Mr. Tambuwal said almost all available hydrocarbon resources are deep underground, and that there is the need to engage experts to come up with in-depth, credible and convincing data capable of attracting international investment into basin.
“Unless something is done to stem the tide of tankers breaking down or upturned, the situation will be difficult and the union will be left with no choice than to boycott some of the bad roads.”
The lawmakers further urged the NNPC and its joint venture partners to always adhere to due process in their transactions to eliminate prolonged disputes that may negatively impact on investments.
“Some of the beneficiaries were trained as pilots, marine engineers, oil and gas engineers medical doctors, lawyers among others. They have become valuable generation of skilled youths that are contributing positively to national development.”
18 January 2017, News Wires – Ahead of the January 21 meeting of the Organisation of the Petroleum Exporting Countries,…
18 January 2018, News Wires – Netherland-based Royal Dutch Shell plc, the world’s second-largest oil company, is working on a plan…