As Nigeria is reeling from oil price fall due to the COVID-19 situation, the government has set up a committee to review 2020 preparatory to cutting down on its spending
Industry
Siemens licenses Tranos to manufacture Sivacon S8 switchgear in Nigeria
Nigeria’s leading engineering and manufacturing company Tranos has partnered with Siemens for the manufacturing of metal-enclosed switchgear in Nigeria
Nigeria Well Intervention Forecast
Offshore Network has published the report ‘Nigeria Well Intervention Forecast, which has relevant data critical to well intervention stakeholders in West Africa
Oil price rout may trigger major industry shake-up: Wood Mackenzie
As global markets reel in the wake of the oil price crash, Wood Mackenzie’s Tom Ellacott said, “The price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s
Oil prices plunge on failure of OPEC/non-OPEC talks
Oil prices have plunged following the collapse of the OPEC/non-OPEC talks on production cuts and Saudi Arabia’s subsequent announcement that it will increase production from next month
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