Independent Project Monitoring CompanyNews
Latest News
Analysts Release Latest Oil Price Forecasts
Fitch Solutions Country Risk & Industry Research has released its latest oil price forecasts to 2025. In a report sent to Rigzone on Monday, the company projected that Brent crude prices will average $70 per barrel in 2021, $67 per barrel in 2022, $68 per barrel in 2023, $70 per barrel in 2024 and $73 per barrel in 2025.[...]
Read More
Key Considerations in Responsible Oil Production and Decommissioning.
Nigeria’s Oil and Gas Industry faces a crisis that stakeholders are only just paying attention to; responsible oil production and decommissioning. It is a threat that has lingered since the very dawn of oil production in Nigeria. At its core, it involves three questions. [...]
Read More
Saudi Aramco Profit Surges
(Bloomberg) -- Saudi Aramco followed its Big Oil competitors with bumper earnings, boosted by a recovery in oil and chemical prices. The world’s biggest energy company made net income of 95.5 billion riyals ($25.5 billion) in the second quarter, the highest level since the end of 2018. Free cash flow rose to $22.6 billion, above the state-controlled firm’s quarterly dividend of $18.8 billion for the first time since the start of the coronavirus pandemic. [...]
Read More
World Environment Day : Ecosystem Restoration
The United Nations has for several years designated June 5 as World Environment Day to highlight that the protection and health of the environment is a critical issue, which affects the well-being of people and economic development globally. The celebration of this day has provided humanity with an opportunity to extend the basis for [...]
Read More
10 Year Roadmap: NCDMB completes 20 short terms initiatives
The Nigerian Content Development and Monitoring Board (NCDMB) has completed the implementation of 20 short term initiatives as part of the 10-Year Nigerian Content Strategic Roadmap. The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote stated this on Tuesday at [...]
Read More
Local Content ‘’ll cut Nigeria’s crude production cost-Sylva
The Federal Government will deepen the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act because it is an effective strategy for lowering Nigeria’s high crude oil production cost, the Minister of State for Petroleum Resources, Chief Timpre Sylva has [...]
Read More
Wabote charges Nigerian Content Managers on core values, in-country capacities
The Executive Secretary of the Nigerian Content Development and Monitoring Board, (NCDMB) Engr. Simbi Kesiye Wabote has charged Nigerian Content Managers working for oil and gas operating and service companies to imbibe the core [...]
Read More