Shell says FG's tax claims may delay $10b Bonga offshore field
Royal Dutch Shell said on Tuesday that Nigeria’s claims that it was owed billions in taxes could delay the development of a major oil field off the coast of the West African nation.
Nigeria recovers N1.2tr unpaid oil debts, may revoke debtor licencees
Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu, disclosed that the Federal Government had recovered no less than N1.2 trillion in unpaid royalty from crude oil sales, following the Ministry’s automation initiatives.
African oil ministers, OPEC, others, to headline NIPS 2019
As a demonstration to the pledges made at the maiden edition of the Nigeria International Petroleum Summit (NIPS) held earlier in the year in Abuja, over 20 African oil ministers and various heads of delegation including members of the Organisation of Petroleum Exporting Countries...
Corporate governance challenges in Nigeria: The way forward
Corporate governance has become a burning issue all over the world. It became most pronounced in the United States especially after the collapse of two corporate giants- Enron representing the power sector and WorldCom representing the communication sector in 2001 and 2002 respectively.
NNPC to continue oil explorations in Lake Chad Basin despite insurgency
The Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu has said that the Federal Government will continue with its “oil and gas explorations” in the Lake Chad Basin of Borno state; despite recent Boko Haram attacks in the region.
Nigeria to continue oil exploration in Chad Basin after security setback
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the resumption of crude oil prospecting in the Chad Basin will continue, given the provision of adequate security to oil workers involved in the exploration.
Nigeria opened to joining oil output cuts, says Kachikwu
Minister of State, Petroleum Resources Emmanuel Kachikwu said on Thursday that conceptually Nigeria was not opposed to joining OPEC production caps but would have to wait and see if production came back to acceptable levels.
Buhari's change of direction in Niger Delta boosts oil output
When militants in Nigeria’s southern Niger River delta started attacking oil installations, President Muhammadu Buhari promised to crush them by force. A year and $7 billion in lost oil exports later, his decision to switch tack by negotiating with the fighters seems to be working. All but one force majeure, a clause that gives oil…
FG set to attract $10bn oil and gas investments, says Kachikwu
The Minister of State, Petroleum Resources, Dr Emmanuel Kachikwu, has said that the Federal Government will attract more than 10 billion dollars investments to the oil and gas industry in the next five years.