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ENERGY
Shell blames unstable oil price on economic, political crisis
Saturday, 18 May 2013 19:13
Worried about the impact of unstable oil price on its operations, the Royal Dutch Shell Plc has warned that the Oil and Gas Industry continued to witness “significant” energy price volatility due to economic and political crisis.
Eliminating energy subsidies in developing countries could increase spending for health and education programmes and ease budgetary pressures, a new report from the International Monetary Fund (IMF) has concluded.
Chinese firm, Sinopec International Petroleum Service Corporation is threatening to abandon works on Ghana’s Gas infrastructure due to the country’s inability to make a refund to it.
In order to check the huge crude oil theft that is presently disrupting some Marginal Oil Field Operations as well threatening the nation's economy, experts have called on companies in the Oil Industry to review their corporate social responsibility (CSR) Programmes with a view to remove persistent friction between them and local communities harbouring oil reserves in the nation.
Samsung Electronics has delivered Solar-Powered Internet School that will drive education in Africa.
In order to avert the hardship from the hike in the price of petroleum products, the Nigeria Union of Allied Health Professionals (NUAHP) has urged the federal government to shelve its plan to remove the remaining petroleum subsidy.
