Nigeria presently is concerned about removal of subsidy on petroleum prices. This issue in its inchoate state should be predicated on national policy on energy security and supply in the quest for rapid economic growth and industrialization, as well as meet social development of the country.
Despite the optimism of some stakeholders, crude oil prices remain low in the international market, thereby constituting a serious single threat to major producers, especially Nigeria. In this interview with UDEME AKPAN, the Chairman of International Energy Services Limited, Dr. Diran Fawibe made a strong case for the diversification of the nation’s economy.
IESL had a good showing at the recently concluded 38th NAICE SPE conference that held at Eko Hotel between on the 5th -8th August, 2014. The theme for this year’s event was Africa’s Energy Corridor: Opportunities for Oil and Gas Value Maximisation through Integration and Global Approach. It was an opportunity to discuss industry issues with like minds, network and also interact with students and professionals in the Engineering and Petroleum fields as well as showcase our recent work and endeavours.
IESL/HHI ‘Ship Building & Repair’ Trainees to conclude stage 1 of training program. The trainees on the IESL/HHI 3-month long ‘Ship Building & Repair’ training program are already counting down to the end of the first stage of this program.
As part of activities closing out this program, the team would be on an industrial tour of the Nigerdock ship yard, Apapa on July 2nd, 2014 and would be addressed by a high-ranking staff of Maritime Academy of Nigeria on career prospects on July 3rd, 2014.
IESL joins forces with Worley Parson for the biggest Engineering project in Nigeria. Samsung Heavy Industries (SHI) has awarded WorleyParsons a contract for the detailed design and engineering for the topsides process modules of the FPSO vessel for a deep-water oil field located offshore Nigeria.