NNPC should not be allowed to formulate policies for Oil, Gas sector – experts
Industry experts have warned of the dangers of allowing the Nigerian National Petroleum Corporation (NNPC) to spearhead the formulation of policies for the oil and gas sector. The state oil company has rather been asked to focus on making the newly created directorates profit centres, instead of massive cash-guzzling points.
Oil, gas industry boosts local economy
There is no question, these are tough times for Ohio’s oil and gas industry. Prices for crude oil and natural gas are at their lowest levels in decades. The downturn in prices and drilling activity has caused many people to ask questions: Is Ohio’s oil and gas industry still a major contributor to our local economy? How important is this industry to the average Ohioan? The answers are yes, and, in fact, more important now than ever.
Oil, Gas Producers Margins Sputter To 2%
Gas prices are at their lowest levels since the recession, helping to pad the pockets of American consumers. Meanwhile, however, oil and gas producers have seen their profit margins take a dive in the 12 months ended Aug. 31, according to data from Sageworks, a financial information company.