Talking insurance: A brief on oil and gas insurance (2)
The major risk exposures in the oil and gas industry may be broadly categorised as Reservoir risk, Facilities risk and Political and fiscal risk and out of these, there are insurable risks which are the focus of the insurance industry as they come from the upstream activities; exploration and drilling, production and processing of hydrocarbon and downstream activities; refining, petrochemical, marketing and distribution and transportation.
Maritime chiefs want say in policy-making
MARITIME stakeholders have decried their non- inclusion by government in policy-making, a development they said had impacted negatively on the industry.
Tough debt markets weigh on GSK portfolio sale
GlaxoSmithKline Plc’s, GSK, sale of a clutch of non-prescription drugs is set to be a protracted affair, as potential buyers contend with tough financing conditions and fret about prospects for some of the products in the portfolio.
Edo and the World Bank’s endorsement
“What is good coming to Edo State is that every time we come, something new is happening, there is progress not in terms of report but in terms of development” –Onno Ruhl, Country Director, World Bank.
Diamond Bank to reward customers with N605m
Diamond Bank is set to reward its customers with N605 million in its season 4 SavingsXtra, as 20 winners emerged last weekend, in the first draw held in Lagos.
Boko Haram activities negate Islamic religion – scholar
A Lagos-based Islamic scholar, Abdul’liadi Ishola, said on Sunday in Osogbo that that that the activities of the Boko Haram sect negated Islamic doctrine.
