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Oil & Gas Summiteer

Russian energy investments amid sanctions

Vladimir Putin

Economic uncertainties are situations that nobody can predict or guarantee. Such uncertainties may be from situations of sanctions or threats of them. Sanctions are penalties imposed by one or several states on another state to persuade or compel that state to amend its behaviour, or for strategic reasons. Sanctions might be imposed after a breach of international law such as military aggression, the abuse of human rights, or in retaliation for unfair trading practices. Sanctions can involve either military action or the interruption of normal trading practices; a boycott on imports from, or an embargo on exports to the offending state; suspension of financial aid; and freezing a country’s overseas assets.

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Offshore Tech. Conference and future of oil

It was an eventful period last week as global offshore energy experts gathered from the  April 30–May 3, at the New Radiancy Group, NRG Park in Houston, Texas to celebrate the golden jubilee of the Offshore Technology Conference,OTC, the world’s largest energy conference and exhibition, is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters.

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NNPC

Fuel scarcity and NNPC war room

In military campaigns an operations centre is always created called a war room. It could be called a situation room, command centre or mission control room. It is a room where operations are planned, coordinated, monitored and controlled. Political campaigns are not left out in war rooms as political campaign strategy headquarters are also created for political operatives to plan and execute tactics and strategy.

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Technology dowry in Sino American energy relations

In most parts of Africa the bride-price or dowry is an exchange of wealth between intermarrying families, often accompanied by payment made by the groom to the bride’s family.  In other societies Africa, the dowry is a bit confusing. Dowry in some societies means an amount of money or property given by a bride’s family to her bridegroom or his family when she marries.

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Davos forum 2018 and fossil fuels

The 48th annual World Economic Forum, WEF in Davos-Klosters, the mountainous Alpine resort of Graubünden Canton, eastern Switzerland took place from January 23 to 26,2018. Leaders from all walks of life come together at the beginning of the year to rededicate themselves to improving the state of the world. This year’s programme was on “Creating a Shared Future in a Fractured World.” Many of the participants identified the fractures and were concerned about making the difference. 

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NNPC

NNPC refineries: Stop rehabilitation palavering – Sonny Atumah

It may be the hallelujah song for Nigerians if the NNPC gets it act together to rehabilitate the state owned refineries and end the overindulgence in fuel importation in the magical year 2019. It would no longer be in our dreams as some gave up on what this administration inherited three years ago when issues of the four refineries were in abeyance with operators and policy makers not closing ranks on who does what. 

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Oil

Global oil rally and Nigeria’s price modulation

The Organisation of the Petroleum Exporting Countries, OPEC and non-OPEC agreed to cut world supply by 1.8 million barrels of oil per day, bopd in November 2016; with the cuts extended to last through 2018. OPEC’s intent was to limit output to 32.5 million bopd to shore up prices. Expectedly many forecasted oil price rallies this year while others are despondent about the alliance and believe that oil price may have a downward slide in 2018. Proponents of a downward price regime believe that the fundamentals favour a reversal.

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