April 20, 2016

THE GUARDIAN By ADE OGIDAN and SULAIMAN SALAU Eighty-year old Mr. Ben Anene Osuno has been in the oil industry for the past 56 years. He joined Shell-BP Petroleum Development Company of Nigeria in 1960, after graduating from University College, Ibadan, as a Physicist. With varied experiences later with the Nigerian National Oil Corporation/Nigerian National…

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April 20, 2016
PIB is Answer to Downstream Challenges, says Osuno

THE GUARDIAN By ADE OGIDAN and SULAIMAN SALAU Eighty-year old Mr. Ben Anene Osuno has been in the oil industry for the past 56 years. He joined Shell-BP Petroleum Development Company of Nigeria in 1960, after graduating from University College, Ibadan, as a Physicist. With varied experiences later with the Nigerian National Oil Corporation/Nigerian National…

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April 20, 2016
Nigeria may lose LNG high production ranking

THE GUARDIAN By Sulaimon Salau and Sunday Aikulola Expenditure on NLNG’s delayed train seven Notwithstanding that the increasing global demand for Liquefied Natural Gas (LNG), Nigeria may lose its high ranking to growing competition, if urgent actions were not taken to address the sagging investment profile in the sector. The Managing Director/ Chief Executive Officer…

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April 20, 2016
Why Crude Oil Prices are Rising, by OPEC

THE GUARDIAN By Roseline Oker Nigeria’s production declines by 67,500bpd The Organisation of Petroleum Corporation (OPEC) has attributed the increase in crude oil prices to supply disruptions in Nigeria and Iraq, and signs that US shale oil output is shrinking. OPEC said tht US refiners were providing support, with utilization above 89 per cent, as…

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April 20, 2016
Involve Us in Construction of $14bn Dangote Oil Refinery — Indigenous Firms

VANGUARD By Clara Nwachukwu LAGOS — Indigenous service companies have asked to be involved in the construction of $14 billion Dangote Oil Refinery as a way of avoiding enormous capital flight from Nigeria. *Alhaji Aliko Dangote Their non-involvement, they claim, will defeat the Federal Government’s aspirations on local content development. This came even as a…

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