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Oil demand to slow by 3.7million bpd for rest of 2020
Oil demand for the rest this year may continue to fall by as much as 3.7 million barrels per day (Mb/d), Outlook released by global research body, Rystad Energy
Delta gets new modular refinery as FUPRE, oil firm sign MoU
If assurances from Onose Deep Oil and Gas Nigeria Limited were to be relied upon, a new modular refinery capable of producing 20,000 barrels per day for a start
Buhari offsetting economic sustainability plan
Recently, the World Bank published the Nigeria development update. The report is part of a series assessing economic and social developments in Nigeria.
Preserving forex reserves, raising local capacity through import substitution
For decades, successive governments in Nigerian resorted to protective measures, including import restrictions and exchange rate control, to manage its foreign exchange
FG urges closer interaction between oil companies, communities
The Federal Government has stressed the need for International Oil Companies operating in Niger Delta to have closer interactions with host communities.
Abiodun: Returning Ogun roads to good old days - Part 2
The lawmakers unanimously agreed that granting Governor Abiodun’s request would allow the government to meet the shortfall in the price of crude oil at the international market.
Second wave of pandemic poses risks to oil rebound
As countries brace for a second wave of the coronavirus spread, analysts have warned that an unexpected hit to demand could derail oil prices, as producers are yet to reduce their stock builds
Criticisms persist over plan to hike electricity tariff
The shelved increase in electricity tariff in the country has continued to generate more reactions, as stakeholders, yesterday, demanded improved service delivery in the sector
AKK gas pipeline will deepen local content, says Odinuwe
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Nik Odinuwe, has said the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) Gas pipeline project will help
Economy: Do not sidetrack the solution - Part 2
Pathetically, that call on federal authorities (to breach fiscal responsibility law) actually amounts to preaching to a dyed-in-the-wool violator of selected laws.
Concerns heighten over delayed PIB fiscal framework
Fresh concerns have arisen over the outlook of Nigeria’s oil and gas fiscal regime, as efforts intensify on the passage of the Petroleum Industry Bill
Electric car batteries: Demand for raw materials to spike
The demand for raw materials used to manufacture rechargeable batteries will grow rapidly as the importance of oil as a source of energy slows.