Baker Hughes Reports Normal Operations Despite

The New Diplomat
Writer

Ad

Nigeria Immigration Offers Voluntary Return Program for Visa Overstayers

By Abiola Olawale The Nigeria Immigration Service (NIS) has rolled out the Post-Amnesty Voluntary Return and Documentation Programme (PAVRDP). This initiative provides undocumented foreign nationals a grace period to either regularize their status or depart Nigeria voluntarily. The program kicks off on October 13, 2025, just days after the closure of the government's five-month Expired…

Details as Fitch Holds Steady on Nigeria’s ‘B’ Rating

By Abiola Olawale Fitch Ratings has reaffirmed Nigeria's Long-Term Foreign-Currency Issuer Default Rating at 'B' with a Stable Outlook. Fitch said the affirmation comes amid Nigeria's ongoing battle against high inflation. The country’s new economic status was reviewed in a report published on Friday. According to the report, “Nigeria’s ‘B’ rating is due to its…

FG Refutes Report Claiming It Stopped FIRS, Customs from Deducting Cost of Collection

By Abiola Olawale The Federal Government has denied reports that the government has scrapped the long-standing cost of collection deductions for key revenue agencies. The clarification comes hot on the heels of the remarks made by Finance Minister Wale Edun, underscoring ongoing efforts to streamline Nigeria's revenue mobilization without disrupting operations. However, the Federal Ministry…

Ad

All of Baker Hughes Middle Eastern projects are operating as normal, the oilfield services giant’s chief executive Lorenzo Simonelli has told Reuters.

“Currently, all of our employees are safe, and the facilities continue to run and operate,” Simonelli said. “Hopefully there’s a de-escalation of tensions.”

Israel and Iran continued firing missiles at each other over the weekend and today, suggesting such hopes may be premature at this point. Iran’s Revolutionary Guards corps said after the latest barrage that they were using a new attack method that cheated the Israeli defense systems to target each other instead of Iranian missiles, Reuters reported earlier today.

“The initiatives and capabilities used in this operation, despite the comprehensive support of the United States and Western powers and the possession of the most up-to-date and newest defense technology, led to the successful and maximum hitting of the missiles on the targets in the occupied territories,” the IRGC said.

Iran was due to resume talks with the United States on Sunday in Oman but canceled, saying it would not be negotiating a nuclear deal while under Israeli attack. Israel has vowed to step up the attacks.

Baker Hughes’ Simonelli, meanwhile, took a guarded stance on possible oil supply disruptions resulting from the Israeli-Iran war. “It’s a little early, and we’ve got to monitor the situation,” the top executive said, adding that “What we know is that demand is resilient, and we continue to see strong demand, and … if there are constraints in supply from one region, it will drive the supply opportunities from other regions.”

Energy analysts have pointed out that if Iranian oil exports—some 2.2 million barrels daily—are disrupted, Chinese refiners, who are the only buyers of Iranian crude, would turn to other OPEC members and Russia for alternative supply.

Credit: Oilprice.com

 

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp