Oil marketing company, ConoilPlc, said it has placed orders for two new world-class, state-of-the-art bowsers to deepen its quality service delivery to domestic and international airlines operating in the nation’s airspace. The company said in a statement that the new bowsers have combined storage capacity of 62,000 liters and the ability to refuel aircraft at 1,500 liters per minute.

Until the Federal Government engaged various parties involved in the subsidy scheme for oil importation, there will be no end to the lingering fuel crises, according to the Chairman/Managing Director, Mobil Oil NigeriaPlc, Mr. Adetunji. A. Oyebanji. He made this known to journalists during the company’s Annual General Meeting in Lagos, for shareholders to consider and adopt its 2014 Annual Report & Accounts.

The new administration of President MuhammaduBuhari will have a lot to contend with over the next couple of months, as PriceWaterhouseCoopers, PwC, has raised fresh alarm that if crude oil price averaged $45 per barrel in 2015, Nigerian would be plunged into serious economic and financial crises.

Our expectation is for the new government to continue to sustain the growth of the oil and gas industry through favorable policies, because the industry right now is undergoing some major challenges. We are facing oil prices of about 50 percent of what they were last year and this is impacting directly on all the major projects and investments in the country.

As part of its commitment to developing the Nigerian technical workforce, FMC Technologies Inc. has announced a partnership programme with the University of Port Harcourt, UniPort, to create the first Master of Science degree in Subsea Engineering in Nigeria. Speaking on the partnership, Country Manager, FMC Technologies, Mr. Michael Hunt, said, “This collaboration represents a major milestone in furthering the development of a highly skilled Nigerian workforce. These students will play a key role in the future of the oil and gas industry in Nigeria.