International Oil Companies
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.
IOCs embark on self-funding of joint ventures
The Federal Government has finally exited the crude oil Joint Venture (JV) cash-call policy it had with the International Oil Companies (IOCs) operating in the country.
Why fuel scarcity persists in airports nationwide, by marketers
Perennial fuel scarcity in the aviation sector was yesterday blamed on the Federal Government, particularly the delay in fulfilling pledges on foreign exchange (dollars) special intervention to the importers.
House of Representatives to cancel IOCs contracts over local content policy
The House of Representatives Committee on Local Content has vowed to cancel all oil and gas contracts, already awarded to International Oil Companies ...
Local airlines lose N500m daily as fuel scarcity cripples sector
The airlines that have been struggling to remain in business due to economic crunch are now in dire straits losing an estimated N500 million on daily basis.
Government may exit $712.46b monthly joint venture funding
The Federal Government may pull out from Joint Venture (JV) cash calls and allow International Oil Companies (IoCs) to embark on self-funding of oil and gas activities.