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Engineering

Apr 27, 2020
The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures, which had never dropped below $10…
Apr 22, 2020
The world’s biggest independent oil storage company has all but run out of space for crude and refined products as a result of the fast-expanding glut that Covid-19 has created.…
Apr 21, 2020
Crude oil prices plunged into negative territory on Monday for the first time ever, with U.S. benchmark West Texas Intermediate trading at minus $37.63 per barrel for oil purchased for…
Apr 21, 2020
Nigeria’s Rivers State has freed 22 Exxon Mobil Corp. employees quarantined last week after their arrest for violating an order restricting movement into the state to curb the spread of…
Apr 19, 2020
United States anti-corruption watchdog, The Sentry, is warning that the next source of conflict in South Sudan could emerge from the unregulated mining sector that has been captured by politically…
Apr 17, 2020
South Africa will allow mines to operate at 50% capacity during a nationwide lockdown to curb the spread of the coronavirus, according to amended government regulations published on Thursday. The…
Apr 14, 2020
In a watershed moment for the oil and gas industry, OPEC and its allies in the OPEC+ group finalized a deal on Easter Sunday that, in conjunction with efforts from…
Apr 11, 2020
In an historic effort to power the oil and gas industry out of its worst tailspin in its 100-year history, the United States, Canada and other G20 nations are backing…
Mar 30, 2020
African governments set to see decline in revenues; Exploration projects put on hold; Thousands of local jobs at risk if nothing is done. While the short-term effects of Covid-19 on…
Mar 12, 2020
A total of 18 new roads in Ewet Housing Estate Extension constructed by the Akwa Ibom State Government are to be commissioned in May, 2020.   The State Commissioner for…
Mar 11, 2020
Oil prices climbed for a second day on Wednesday as hopes U.S. producers would cut output lent support, but gains were capped by growing doubts about Washington's stimulus package to…
Mar 02, 2020
Angolan state oil company Sonangol will begin in April to sell its stakes in several private firms, chair Sebastiao Gaspar Martins said, as part of a government bid to privatise…
Feb 24, 2020
Nigeria will review the sale of power assets to private investors after they have been unable to improve power supply in Africa’s most populous country. The buyers of the assets…
Feb 17, 2020
The Nigerian power sector lost about N19.15 billion between 5th and 14th February 2020, statistics gleaned from the Advisory Power Team (APT) in the Office of the Vice President has revealed. The…
  1. Opinions and Analysis

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