JOHESU reads riot act in Imo
Barely 24 hours after the Imo State Branch of Nigerian Medical Association, NMA, made some demands on the state government, the Joint Health Sector Unions, JOHESU, after an emergency meeting in Owerri, condemned the proposed concessioning of general hospitals and health centres by Governor Rochas Okorocha.
Screening: Anxiety grips senators, Amaechi and other nominees
AS the Senate resumes its screening of ministerial nominees today, anxiety has gripped the senators and nominees. While nominees are bothered over the outcome of the exercise, the senators were unsettled by the decision of the court not to stop the Code of Conduct Tribunal, CCT from proceeding with its hearing of the false assets declaration suit against Senate President Bukola Saraki.
Instability, technology, others impeding reserves addition – NAPE
UNTIL the Federal Government restructures its policy, introduces upgraded technologies, signes the Petroleum Industry Bill, PIB, and improves exploration activities, its quest to growing reserves will remain a dream. Disclosing this in a press conference, the Nigerian Association of Petroleum Explorationists, NAPE, added that policy inconsistency, technological challenges and the delay and non-passage of the Petroleum Industry Bill, PIB, remain the bane of oil and gas development.
Nigeria, others, constitute 90% of Africa’s gas – Report
NIGERIA, Libya, Algeria, and Egypt, account for 90 percent of Africa’s annual natural gas production, PricewaterhouseCoopers, PwC 2015 report on Africa’s oil and gas said. The just released report also said that as at the end of 2014, Africa has proven natural gas reserves of about 500 trillion cubic feet, Tcf. This is a slight drop compared to 2013, while production also decreased slightly over the period.
NNPC mulls co-location model to cut refining costs
THE Nigerian National Petroleum Corporation, NNPC, said it intends to reduce the cost of refining crude oil in country through resource co-location. The Group Managing Director, NNPC, Dr. Ibe Kachikwu, who said this, also said that with the co-location model, which is still at the proposal level, the Corporation will ensure that new refineries are situated in clusters. This is to allow for sharing of critical infrastructure like power, pipelines and technologies, and a host of other resources.
Oil sector contributes N1.78trn to Q2 GDP
THE oil and gas sector contributed N1.782 trillion to Nigeria’s Gross Domestic Product, GDP, in the Second Quarter, Q2 2015, according to the National Bureau of Statistics, NBS. Giving a breakdown of the oil and gas sector’s contribution, the NBS Nigerian GDP Report for Quarter Two 2015, said the Crude Petroleum and Natural Gas sub-sector in the Mining and Quarrying sector accounted for N1.746 trillion of the country’s GDP during the period.
