Home Topics PSCs

PSCs

Ibe Kachikwu: Crude oil may no longer hit $100

Nigeria’s Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, on Tuesday said crude oil may no longer hit $100 per barrel in the international market, except there is a huge calamity in the producing regions.

Federal govt moves to amend deep offshore act

The Deep Offshore and Inland Basins PSC Act was enacted in 1993 to provide the fiscal framework for foreign investments in deep offshore and inland basin acreages in the oil and gas sector.

Nigeria’s oil production cost down to $23/barrel

The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction.

Recent Stories

Police arrest cattle rustlers, recover 32 cows, 26 sheep in Niger

Two suspected cattle rustlers terrorising Eregi Fulani Camp in Katcha Local Government Area of Niger state, have been arrested by the state Police Command.

Brighton sign Nigeria’s Leon Balogun on free transfer

Brighton have completed the signing of Nigeria international defender Leon Balogun on a free transfer.

Sony buys EMI Music Publishing in $1.9 billion deal

Japanese entertainment giant Sony on Tuesday unveiled a $1.9-billion deal to buy industry titan EMI Music Publishing, which has the rights to songs by the likes of Queen and Pharrell Williams.

N400 million fraud: EFCC wants Olisa Metuh tried in absentia

The EFCC on Tuesday asked the Federal High Court Abuja to proceed with the ongoing trial of a former PDP Spokesman, Olisa Metuh, in his absence.

Prophet: 2019 polls will be tougher than 2015

The General Overseer of Christ Mercyland Deliverance Ministry (CMDM)‎, Prophet Jeremiah Omoto Fufeyin, on Tuesday in Kano prophesied that the 2019 presidential election will be tougher than what was experienced in 2015, calling on Nigerians to earnestly pray for peace and unity in the country.