These are features of Oil and gas, industrial and other relevant news
Introduction Brake fluid is a type of hydraulic fluid used in hydraulic brake and hydraulic clutch applications in automobiles, motorcycles, and light trucks. It is used to transfer force into pressure and to amplify braking force. It works because liquids are not appreciably compressible. Shell DOT 4 Brake and Clutch fluid is long-lasting and has a low viscosity. It is suitable, especially…
The Federal Government has rallied African Countries Oil producers in a move geared towards ensuring that the continent benefits maximally from hydrocarbon deposits locked in its shelves. The strategic move by Nigeria was spearheaded by the Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, who, in a one fell swoop, peregrinated three nations…
Nigeria began preliminary talks with international oil companies to settle a dispute over revenue, as reported by Bloomberg. The government, citing a 2018 Supreme Court ruling, says it’s entitled to $62 billion from the companies after they failed to comply with a 1993 law that hands the state a greater share of income when oil…
Nigeria and other members of OPEC are ready to cut crude supplies further if prices continue to tumble, according to the country’s oil minister, reports World Oil. “Everybody agrees in OPEC that we need to stabilize the market. We cannot allow prices just to plummet,” Nigerian Minister of State for Petroleum Resources Timipre Sylva said….