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 Jun 2016
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.
24 May 2016
It noted that the Federal Government has not also been able to meet the $1.1 billion to the indigenous oil and gas operators in the country.