Peoples Daily Online

Oil & Gas

Global oil reserves: Declining, but how fast?

The world economy is currently, as has been over a century ago, fed by oil and gas, a trend that has made analystsn and stakeholders all over the world taking opposing extreme stance. In this analysis by Reuters, some verifiable reasons are given as to why the world may not wait for too long to bid black gold good bye.

 

Exxon Mobil workers threaten strike over expartriate quota

Exxon Mobil workers threaten strike over expartriate quotaFor hiring more expatriates in excess of number provided by the   law, oil workers trade union in Nigeria has given a strike notice to Exxon Mobil.
President Goodluck Jonathan   had in April,  signed a law that designates a certain number of jobs in the oil and gas industry to Nigerians.

 

FG tasks NNPC on Brazil oil coy exploration project

By Yusuf Ozi-Usman

The Vice President, Mohammed Namadi Sambo has urged   Nigeria National Petroleum Corporation (NNPC) to streamline agreement it had with Brazil oil giant, the Petrobras so as to clearly define the firm’s involvement.

 

Total chief lists obstacles to new refineries

An NNPC depot in Minna, Niger state. Former Managing Director of Total Nigeria Plc, Mr Dominique Thiolon has listed unstable policy, poor infrastructure and insecurity as challenges that make investment in refineries difficult   in Nigeria.

 

Oil steady near 2-month high on U.S. monetary easing hope

Oil has remained steady after earlier touching a two-month high near 82 dollars on expectations that the slow pace of the U.S. economic recovery will prompt a monetary boost that would spur energy consumption.

 
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