Tuesday, 24th May 2022
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Breaking News:

International Oil Companies

17 May 2017
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).
15 May 2017
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....
2 May 2017
Global oil prices have fallen sharply over the past three years, leading to significant revenue shortfalls in many energy-exporting nations such as Nigeria.
30 Mar 2017
The Federal Government will begin payment of $5.1 billion joint venture cash calls to International Oil Companies (IoCs) from next month (April), the Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed.
22 Mar 2017
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.
19 Mar 2017
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.
23 Feb 2017
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.
7 Dec 2016
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.
10 Aug 2016
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.
2 Aug 2016
The House of Representatives Committee on Local Content has vowed to cancel all oil and gas contracts, already awarded to International Oil Companies ...
21 Jul 2016
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 ...
20 Jul 2016
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.


14 mins ago
Gov. Ben Ayade of Cross River has told Civil Servants in the state that relying solely on their salaries is no longer fashionable because it is hardly enough.
24 mins ago
Some gunmen in the early hours of Tuesday in Igosi, Oke-ero Local Government Area of Kwara, attacked Mr Kayode Bankole, the House of Representatives aspirant on the platform of the All Progressives Congress (APC).
43 mins ago
Google celebrated on Tuesday 15 years since it kicked off its mammoth and hugely controversial effort to photograph streets in minute detail across the globe.
1 hour ago
Jihadists have killed 30 men in a revenge attack after their commanders died in military airstrikes in Nigeria's northeast Borno state, two militia leaders said Tuesday.
1 hour ago
Pep Guardiola joked it had been part of his plan for Manchester City to come from 2-0 down to beat Aston Villa 3-2 to claim the Premier League title as his side paraded the trophy through Manchester on Monday.