Nigerian President Muhammadu Buhari has signed the 2018 Amended Executive Order 8 on Voluntary Offshore Assets Regularisation Scheme (VOARS)
Industry
UK-based flow control equipment specialist secures US$10mn investment
UK-based flow control equipment specialist Oxford Flow has raised US$10mn in funding
Global LNG demand faces first seasonal contraction in eight years: Wood Mackenzie
The global LNG industry is about to face its first seasonal demand contraction since 2012, with demand in summer 2020 expected to fall 2.7 per cent or three million tonnes (Mt) y-o-y, said research and consultancy group Wood Mackenzie
Nigeria's Bonga oil terminal shut for maintenance
Nigeria’s Bonga crude oil export terminal has started routine maintenance, Reuters reported quoting an email from Shell Nigeria Exploration and Production Company (SNEPCO), the operator of the Bonga field
Lagos State cuts budget due to loss of revenue
Lagos, Nigeria’s commercial state and former federal capital, has reduced its 2020 budget by 14.7 per cent to US$2.40bn as revenue dipped due to the COVID-19 pandemic
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