Engr Jimi Onanuga Honoured at 93rd Anniversary of ICOBA

L-R: Mr. Tope Adaramola, Executive Secretary; Mrs. Ekeoma Ezeibe,...

Nigeria says it is in advanced negotiations with the...

The new Land Rover Defender has been put through...

The Board of Directors of Red Star Express Plc...

The Nigerian government has subscribed to a free and...

Independents are projected to account for about 500kbpd by the year 2020, representing 25% of crude oil production in Nigeria, from the current level of 10%. The development is seen as a reflection of the changing landscape of the oil and gas industry in Nigeria. Key Recommendations: • Integration of the upstream to other parts of the value chain may eventually be driven by the independents. • Challenges such as security, especially for independents operating in shallow waters. Local companies reiterated that security and community challenges have greatly altered their cost of production which cannot be fully ascertained. When coupled with Government take and interest from loans the cost per barrel increases. • Government is to ensure that an enabling environment is created - independents need to be able to deliver on capacity growth and funding.

Harvest of Awards: L-R: Mr. Olayiwola Olabisi, Chief Financial Officer;...

As expected, it was a bull’s market yesterday as...