Nigeria reduces the price of PMS, twice in a row

NNPC fuel transport covidThe Nigerian government has further slashed the price of Premium Motor Spirit (PMS) to US$0.32 per litre

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GlobalData: Coronavirus creates supply chain and workforce management challenges for oil and gas EPC projects

jacket 3484307 640Following the coronavirus (COVID-19) outbreak, China, the world’s biggest importer of crude oil, has been forced to cut down on consumption

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API releases new sustainability reporting guidance with international community

chris liverani XLFu0PM5Qsg unsplashThree leading global natural gas and oil industry associations – API, IPIECA and IOGP – released the fourth edition of the “Sustainability Reporting Guidance for the Oil and Gas Industry

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‘Nigeria is most vulnerable as crude demand declines and supplies build up’

the outer port 3108235 640Nigeria is the most vulnerable country with the least capacity to spare as crude demand declines and supplies build up, according to a new assessment of oil markets by IHS Markit

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More than US$50bn in capex cuts announced in oil and gas sector

riggg oraAs the oil and gas sector comes to terms with decade-low oil prices and global disruptions caused by the coronavirus (COVID-19), company costs and investments are being slashed with more than US$50bn pledged to date and more on the horizon, according to GlobalData

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