Home Topics International Oil Companies

International Oil Companies

Biodun Ogunleye: Why Nigeria operates below 5,000mw of electricity

Nigeria would continue to operate below 5,000 megawatts (Mw), as long as the Federal Government fails to explore the opportunities for electricity generation, the Chief Executive Officer, Power Cam Nigeria Limited, Mr Biodun Ogunleye, has said.
Gov. Udom Emmanuel of Akwa Ibom state has sued for a more mutually beneficial relationship between ExxonMobil, the host communities and the state government.

Governor Emmanuel charges Exxonmobil on stronger collaboration

Gov. Udom Emmanuel of Akwa Ibom state has sued for a more mutually beneficial relationship between ExxonMobil, the host communities and the state government.

Collapse of talks between federal government, PANDEF risky, threat to peace – Niger Delta...

Militants and other interest groups in Niger Delta have said that the breakdown of talks between the Federal Government and Pan-Niger Delta Forum, PANDEF, after the regional body successfully prevailed on agitators to cease hostilities in 2016 , was counterproductive and a huge threat to peace in the oil-rich region.
The Minister of State for Environment, Mrs Sharon Ikeazor, disclosed this while also inaugurating the National Oil Spill Detection and Response Agency (NOSDRA) office building in Port Harcourt.

Oil spill: Federal government opens laboratory in Port Harcourt

The Federal Government on Friday inaugurated a multi-million naira laboratory in Port Harcourt to detect and analyse samples of oil spillage in the country.
Keun Wood Paik; President of the Senate, Ahmad Ibrahim Lawan, and President and Chief Executive Officer of Hyundai Engineering and Construction Company, Chang Hak Kim, during the courtesy visit of Hyundai Engineering President/CEO to the Senate President at the National Assembly, Abuja, on Wednesday, December 18, 2019.

Senate president assures investors of protection, support

President of the Senate, Ahmad Lawan, on Wednesday assured investors who are willing and ready to invest into the Nigerian economy of adequate protection and support.
Senate President Ahmed Lawan 1

PIB: Senate president explains how National Assembly will break the jinx

President of the Senate, Ahmad Lawan, has said the Ninth National Assembly will do things differently to break the jinx with the passage of the Petroleum Industry Bill (PIB) next year.
Senator Peter Nwaoboshi

Senate challenges NDDC’s interim committee to publish facts on ‘N1 billion monthly consultancy fee’

The Senate has called on the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) to publish facts, if any, to substantiate their allegations on the payment of N1billion monthly consultancy fee to a company linked to the Chairman of the Senate Committee on the agency, Senator Peter Nwaoboshi.
Waziri Adio NEITI

Federal government to unveil oil block owners

The Federal Government will on 12th December this year unveil the identities of the true owners of its oil blocks through the beneficial ownership register for the oil and gas industry, the Nigerian Extractive Industries Transparency Initiative (NEITI) has said.

NDDC suspends payment of N1 billion monthly ‘agent fee’ to consultant

The Acting Managing Director of the Niger Delta Development Commission, NDDC, Dr Gbene Joi Nunieh, says the Commission has suspended the monthly payment of N1 billion to a consultant that collects money from International Oil Companies, IOCs, on its behalf.
Seplat Petroleum Development Company

IOCs, Seplat, others to meet gas needs

International Oil Companies (IOCs), Seplat and other local players in the industry, will soon meet on the need to expand the domestic gas market and further make the product available to thermal plants across the country, it was gathered in Lagos.
The Minister of State for Petroleum Resources, Mr. Timipre Sylva, yesterday disclosed that the federal government plans to conduct oil blocks bid rounds in 2020.

CSO asks President Buhari to sack minister over $62 billion debt statement

A Civil Society Organisation (CSO), the Accountable Leadership For Better Nigeria Initiative, ALBNI, has called on President Muhammadu Buhari to relieve the Minister of State for Petroleum Resources, Timipre Sylva, of his duties over claims by the latter that debt owed the federal government by the International Oil Companies, IOCs, would be difficult to recover legitimately.
Lagos lawyer and human rights activist, Femi Falana

No need for loans if we recover $103 billion oil sale loss – Femi...

Femi Falana, a senior advocate of Nigeria (SAN), has asked the national assembly to work with anti-graft agencies for the recovery of “$103.7 billion lost on oil sale”.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Senate President: Why we are amending Production Sharing Contract law

The President of the Senate, Ahmad Lawan, on Monday justified the current move by the Senate to amend the law on Production Sharing Contract in the oil industry.

Federal government insists Shell, Mobil, Chevron, others should pay $62 billion

The federal government has vowed to recover over $62 billion it claims as arrears of profits due it from 1998 under the production sharing contracts (PSCs) between the Nigerian National Petroleum Corporation (NNPC) and its joint venture partners.
The Speaker of the House of Representatives, Femi Gbajabiamila, has approved the appointment of Olarewaju Lasisi as his senior special adviser on media and public affairs. 3

House of Reps approves MTEF

The House of Representatives on Thursday passed the 2020 to 2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.
Patrick Ifeanyi Ubah

Senate to probe seven oil firms over $21 billion unmerited funds

The Senate has mandated three of its committees to investigate seven international oil companies over their alleged refusal to remit about $21 billion to the national treasury.

Bayelsa governor inaugurates PDP youth mobilisation group

Governor Seriake Dickson of Bayelsa State has inaugurated the Peoples Democratic Party Grassroots Youth Movement (PDP GYM) as part of moves to strengthen the PDP for the November 16 governorship election in the state.
President Muhammadu Buhari on Thursday met behind closed doors with the Liberian President, George Weah.

President Buhari: Federal government to deliver four FIDs, tackle crude oil theft

The Federal Government says it has plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter of 2019.

Recent Stories

Neymar has criticised Paris Saint-Germain’s handling of his recent injury after scoring in the 2-1 defeat at Borussia Dortmund, which leaves the French club facing the prospect of another early Champions League exit.

Neymar criticises PSG injury handling after Borussia Dortmund defeat

Neymar has criticised Paris Saint-Germain’s handling of his recent injury after scoring in the 2-1 defeat at Borussia Dortmund, which leaves the French club facing the prospect of another early Champions League exit.
A new Chinese coronavirus, a cousin of the SARS virus, has infected hundreds since the outbreak began in Wuhan, China, in December.

Coronavirus: New research places Nigeria among high risk African countries

The study suggested other countries – among them Nigeria, Ethiopia, Sudan, Angola, Tanzania, Ghana and Kenya – would all need support with detecting and handling imported cases of the coronavirus.
Ignace Sossou quoted on his Facebook and Twitter pages comments made by Benin’s public prosecutor Mario Metonou at a media event to discuss fake news on December 17.

Facebook sued by US for $9 billion in unpaid taxes

That lawsuit went to trial in a San Francisco court on Tuesday, and the crux of the case is a 2010 deal between Facebook and an Irish subsidiary it uses to shuffle money around internationally. The IRS alleges Facebook undervalued the intellectual property it sold to the subsidiary, thereby dodging billions in taxes.
Lionel Messi, who did not score or provide an assist for the first time in a home Champions League group game since 2012, struck the bar and had the best of Barca’s six shots on target.

Lionel Messi speaks out after Barcelona social media scandal

Lionel Messi, in an interview with Mundo Deportivo, has spoken publicly for the first time since reports emerged that Barcelona hired PR firm I3 Ventures for their social media channels which were aimed at tarnishing the images of Gerard Piqué, Messi himself and others associated with the club.
The Buhari Media Organisation (BMO) says President Muhammadu Buhari’s administration will not implement policies that will affect the existence of the poor while raising revenue to fund the nation’s infrastructure projects.

BMO: President Buhari fully in-charge of critical affairs of government

The Buhari Media Organisation (BMO), says President Muhammadu Buhari is “fully in charge of critical affairs of government” in the country