Tag Archives: SHARP

Oil, Gas Sector Facing Sharp Low Revenues- Kachikwu

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The Group Managing Director of Nigeria National Petroleum Corporation (NNPC) Dr Ibe Kachikwu on Monday said the industry was facing a sharp lower revenues from the country’s oil assets.

Kachikwu said this at the 33rd Annual International Conference and Exhibition organised by Nigerian Association of Petroleum Explorationists (NAPE) in Lagos.

The NNPC boss was represented by the Group General Manager, Nigerian Petroleum Investment Management Services (NAPIMS), Mr Dafe Sejebor.

Kachikwu said the nation should put up strategies to stay afloat in order to mitigate the impact of the fall in oil price in the industry and on the nation.

“We must renegotiate our contracts to reflect current market realities.

“If the cost/unit barrel remains exorbitant at current low prices, oil production becomes economically not viable; it will simply be left in the ground.

“Portfolios must be re-evaluated because now is the good time to optimise the company’s overall portfolio by restructuring capital allocation away from high-cost, lower-return projects,” he said.

The GMD listed survival strategies to include external financing, operational optimisation, ?review of fiscal terms, strategic merger and acquisition.

Others are re-engineering business models, reduction in operating expenditure cost, and financial resilience.

Credit: Vanguard

Meet The 12-Year-Old Who Is Smarter Than Albert Einstein

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A 12-year-old girl who had an inkling she might be quite clever has sat a test and proved she was absolutely right.

Lydia Sebastian achieved the top score of 162 on Mensa’s Cattell III B paper, suggesting she has a higher IQ than well-known geniuses Albert Einstein and Stephen Hawking.

The comparison doesn’t sit well with the British student, who’s currently in Year 8 at Colchester County high school, a selective girl’s grammar school in Essex, England.

“I don’t think I can be compared to such great intellectuals such as Albert Einstein and Stephen Hawking. They’ve achieved so much. I don’t think it’s right,” Lydia told CNN.

Lydia sat the test in her summer holidays, after raising the idea with her parents and pestering them for the best part of a year.

It turns out the test wasn’t that hard after all.

“I was really nervous before the test and I thought it was going to be really hard. But as I started the test, I thought it was a bit easier than I thought it was going to be,” she said.

Lydia’s not quite sure what she wants to do when she leaves school, although she’s leaning toward something “based around maths, because it’s one of my favorite subjects.”

“All I’m going to do is work as hard as I can, and see where that gets me,” she said.

To put Lydia’s mark in perspective, the top adult score in the Cattell III B test, which primarily tests verbal reasoning, is 161. A top 2% score — which allows entry to Mensa, the club for those with high IQs — would be 148 or over. Lydia scored 162, placing her in the top 1% of the population.