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Friday, 1 February 2019

Europe’s listed firms expect to glean $514 billion in revenue from China

01 February 2019, News Wires — European listed firms expect to receive 449 billion euros ($514 billion) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis of company data shows. The data underscores the role China’s burgeoning middle class is increasingly playing in determining the corporate … More »

Exxon Mobil to create three exploration and production companies

01 February 2019, News Wires — Oil major Exxon Mobil Corp said on Thursday it would launch a major reorganization of its global exploration and production business to address weak oil and gas output as well as revive its lagging share price. Exxon, which plans to raise earnings to $31 billion by 2025, has spent heavily … More »

Lagos High Court grants Samsung access to fabrication yard

Michael James 01 February 2019, Sweetcrude, Lagos — A Lagos State High Court on Thursday, granted Samsung Heavy Industries Nigeria Limited, SHIN, access to its fabrication and integration yard being managed by LADOL Nigeria Ltd. Samsung and its subsidiary SHI-MCI FZE had dragged Global Resources Management Limited and LADOL before the court over a breach … More »

PENGASSAN demands open, competitive bids for renewal of oil licenses

Mkpoikana Udoma 01 February 2019, Sweetcrude, Port Harcourt — The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, says the upcoming renewal of oil block licenses in the country should be made open and competitive for bidders rather than a means of reward for cronies of those in government. Recall that the Minister of … More »

Cooking gas price varied in December – NBS

01 February 2019, Sweetcrude, Lagos — The average price for the refilling of the 5-kilogramme cylinder of the Liquefied Natural Gas, LPG, also known as cooking gas, was down by 1.53 percent in December 2018, the National Bureau of Statistics, NBS, reports. But, the price of the 12-kilogramme cylinder was up 2.12 percent, NBS also said. … More »

NPA to raise awareness on need for clean waters

Vincent Toritseju 01 February 2019, Sweetcrude, Lagos — The Nigerian Ports Authority, NPA, is to embark on an awareness campaign to raise the consciousness of the people on the need for clean waters, to sustain aquatic life and navigation. NPA’s General Manager, Health Safety Environment, HSE, Engr. I.S. Abdulbaki, disclosed this as the agency commenced the … More »

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