International Oil Companies
Why cost of oil production may remain high – Experts
Unless a pragmatic approach aimed at reducing operating costs is deployed, stakeholders have raised concerns that cost of oil production will continue to be high in Nigeria compared to that of other oil-producing countries.
Begin Ogoniland cleanup now!
Against the backdrop of curious procrastination of the Ogoniland cleanup project by the Federal Government, announcement by the Vice President, Prof. Yemi Osinbajo that International Oil Companies (IOCs) have contributed the sum of $180 million towards the exercise is heart-warming. That gesture should be followed with immediate action. President Muhammadu Buhari had flagged off the…
Institute urges oil companies to accept students for industrial training
The Petroleum Training Institute (PTI) has appealed to the International Oil Companies (IOC) and other operators in the industry to avail students from the institute opportunity for industrial attachment in their organisations.
Tax management: Look up to Nigerian hills
A report the other day that the Federal Government has resorted to requesting the International Monetary Fund (IMF) and the Group 24 (G24) countries for assistance in “identifying assets of Nigerians overseas and of International Oil Companies (IOCs) doing business in the country (Nigeria) for proper inventory for the purpose of effective taxation” is curious…
Communities reject oil firms’ refusal to relocate headquaters to Niger Delta
Communities in the Niger Delta have insisted that international oil companies (IOCs) must relocate their headquarters to the region given the magnitude of their projects and the environmental challenges their operations pose to the people. The leaders of the communities, who spoke to The Guardian yesterday, maintained that it was only fair and logical that…
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.
Oil firms record $17.125 billion earnings in H1 2017
The company announced estimated Q2 2017 earnings of $3.4 billion or $0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realisations increased and refining margins improved.
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...
Nigeria’s crude oil production increases by 273,600 bpd
Organisation of the Petroleum Exporting Countries (OPEC), continued to reduce production in April, but output from Africa’s top exporter - Nigeria, increased by 273,600 barrels per day (bpd).
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....