International Oil Companies
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 IOCs want indigenous firms to cut contracts cost’
Speaking during a courtesy visit to Niger Dock in Snake Island, Lagos, the Executive Secretary of NCDMB, Simbi Wabote, explained that the low oil price regime had forced many oil companies to embark on cost-cutting strategies.
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 ...
Absence of IOCs’ bosses stalls probe of NNPC joint venture
Investigation by the Senate into the implementation of the Joint Venture Cash Calls Obligation by the Nigerian National Petroleum Corporation (NNPC) was stalled yesterday by the absence ...
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.