LCCI commends Nigerian government’s decision on petroleum product price

bola petrol priceThe Lagos Chamber of Commerce and Industry (LCCI) has commended the decision of the Nigerian government to allow market forces determine the price at which petroleum products are sold in the country

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Looking back at the week where oil prices hit negative

42020432260 24b7e7883f oIn a dramatic week for oil prices, with prices hitting negative territory for the first time in history and sending millions of barrels of oil into storage, market analysts have reflected on what this price slump might mean for the oil industry in the weeks and months ahead

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Coronavirus risks hit the oil and gas supply chain

2699570771 9c64516a06 cThe momentum of coronavirus in the USA and key European oil and gas centres represents a critical supply risk for oil and gas operators around the world, according to a report by Andy Tidey from energy consultancy Wood Mackenzie’s consulting team

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ABB technology to accelerate plant operation procedures

ABB Augmented Field Procedures TabletABB has launched ABB Ability Augmented Field procedures with an aim to drive worker safety and efficiency across the energy sector including oil and gas

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US faces largest ever drop in fracking activity, says Rystad Energy

oil pump jack 1407715 640The Covid-19 pandemic has ravaged global oil demand and, coupled with the extremely low price levels brought on by the wide supply surplus, is likely to cause the largest monthly drop in fracking activity ever recorded in the US, a Rystad Energy analysis shows

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