International Oil Companies
Emmanuel, Wike seek FG’s presence in South South
• Warn against politicising security • Delta CP canvasses support to fight crime Governor Udom Emmanuel of Akwa Ibom State and Nyesom Wike of Rivers State have identified lack of Federal Government presence in the zone as one of the key reasons why agitations and insecurity seemed prevalent. They spoke yesterday during a public lecture…
Ijaw youths reject FG’s offer on modular refineries
The youths under the Ijaw Youth Council (IYC) worldwide, also called for the relaxation of the preconditions for getting licences, noting that the terms were capable of taking the establishment of the refineries beyond the reach of Niger Delta people.
Government vows to halt oil production if cost remains high
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, says there is no way the country can keep producing, while the prices of crude remain low.
Cabals frustrating plans to relocate IOCs to Niger Delta, alleges IYC
The Ijaw Youth Congress (IYC) yesterday accused a northern ‘cabals’ in the government of President Muhammadu Buhari of frustrating efforts by the Vice President Yemi Osinbajo to make International Oil Companies (IOCs) move...
Senate probes alleged fraud in $62.909 billion capital flight
The Senate has begun investigation into alleged fraud in some $62.909 billion capital flight between 2009 and 2014.Accordingly, the searchlight is being beamed on alleged misdeeds in collaboration between a few banks and some International Oil Companies....
Local, foreign oil firms gain N3.6 trillion in price recovery
Global oil prices have fallen sharply over the past three years, leading to significant revenue shortfalls in many energy-exporting nations such as Nigeria.
Enabling environment critical to IOCs relocation to Niger Delta
Stakeholders in Nigeria’s oil and gas sector have emphasized the need for the Federal Government to create an enabling environment to facilitate the relocation of International Oil Companies (IOCs) to the Niger Delta region.
Relocation of IOCs: We have offices, operations in Niger Delta, say shell, total
International Oil Companies (IOCs) operating in the country have said that the issue of relocating their headquarters to the Niger Delta region as directed by the Federal Government, does not arise, as they already have offices and operations in the area.