Friday, 7th October 2022
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IOCS

2 Aug
Despite increase in the price of petrol, also known as Premium Motor Spirit (PMS) across the country, the Federal Government, in Abuja, yesterday, said cost of the product is still being regulated...
20 Jul
Executive Director of Environmental Rights Action and Friends of the Earth Nigeria (ERA/FoEN), Chima Williams, has said International Oil Companies (IOCs) lack the capacity to meet the conditions
29 Jun
The over 100 Nigerian companies offered 49 Petroleum Prospecting Licences (PPL) by the Federal Government, yesterday, may need to get ready for tough times due to concerns over vandalism...
15 May
For over a decade, some International Oil Companies (IOCs) that are operating in Nigeria have been divesting their portfolio. Among other things, those affected are eager to leave the shallow water, but still, maintain their businesses in the deep water...
28 Apr
Report by Professor of Economic History at the University of Port Harcourt, Ben Naanen, has said measures adopted by Federal Government and oil companies in the fight against oil theft in Nigeria are not yielding results...
1 Apr
Minister of State for Petroleum, Timipre Sylva, and other key stakeholders in the energy space, yesterday, decried the country’s energy poverty level, insisting that divestment by International Oil Companies (IOCs) may stall net-zero plan in the country.
18 Mar
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that concerted efforts should be made to persuade and further incentivise the International
1 Mar
Despite landmark opportunities created from divestment of onshore assets by International Oil Companies (IOCs), oil and gas experts, yesterday, raised concerns about indigenous firms’ preparedness to take over these assets amid lingering challenges.
24 Feb
Piqued by the International Oil Companies (IOCs) blatant refusal to obey the nation’s laws, members of the Maritime Workers Union of Nigeria (MWUN) have threatened to shut down seaports across the country.
17 Feb
Minister of Niger Delta Affairs, Godswill Akpabio, has hinted on moves by the Federal Government to give legal teeth to deal with International Oil Companies ...
26 Jan
Almost 66 years after commercial oil discovery in Oloibiri Oilfield, the current wave of divestment hitting the nation’s oil and gas industry has been deemed necessary to allow smaller entities contribute to economic activities...
24 Dec 2021
As International Oil Companies (IOCs) are planning to divest from Nigeria, concerns are beginning to mount over growing cases of oil spillage in the Niger Delta region and the N800 billion...

Latest

8 mins ago
The Federal Roads Safety Corps, (FRSC), has issued a road diversion alert to travellers along the Abuja-Lokoja road due to recent flooding around Kortonkarfi in Lokoja, Kogi state.
13 mins ago
The Nigeria Deposit Insurance Corporation (NDIC) has announced the complete settlement of customers of 20 closed banks whose deposits were trapped in the failed banks, in fulfilment of its promise of protecting depositors in the event of bank failures.
21 mins ago
Lionel Messi will miss Paris Saint-Germain's trip to Reims with a calf problem, the club said on Friday.
48 mins ago
Scammers stole cryptocurrency worth roughly $100 million from Binance, the world's biggest exchange for crypto assets, the firm said on Friday.
56 mins ago
As political parties strategise to put out formidable campaigns to woo voters ahead of the 2023 general elections, Yiaga Africa yesterday released a preliminary report indicating a decline of youth candidacy from 34 per cent in the 2019 general elections to 28 per cent in 2023 general elections.