…flags off Wadi-B drilling campaign in Borno state The Nigerian National Petroleum Company Limited, NNPCL, says it has cleared the outstanding $3.8 billion joint venture cash-call debts owed to international oil companies, IOCs, operating in the country. NNPCL’s Executive Vice…
The Federal Government through the Ministry of Transportation has given International Oil Companies (IOCs) May 8 deadline to allow registered stevedoring companies deploy dockworkers to work in their oil and gas platforms. This was part of the resolutions reached at…
In line with its mandate and continued efforts of the Nigerian Content Development and Monitoring Board (NCDMB) to support the development of in-country capacities that would serve the Nigerian oil and gas industry and allied sectors, the Executive Secretary, Engr.…
The Nigerian Content Development and Monitoring Board (NCDMB) says major International Oil Companies (IOCs) have made significant investments in support of the ongoing development of the Nigerian Oil and Gas Parks Scheme. A statement posted on the NCDMB’s website on…
The founder of Dangote Group, Aliko Dangote, has urged the government to ensure a single-digit tax regime in the oil industry, in order to lure investment into Nigeria’s downstream sector, which has been losing foreign investors. Dangote is canvassing for…
The Nigeria’s Chief Inspector of Diving (CID), Mr Julius Ugwala has urged International Oil Companies (IOCs) operating in the country to abide by the diving regulations. Ugwala made this known at an inspection site of the DK Offshore Ltd., in…
…Directive will be near impossible to implement — Madaki …Senate must conduct thorough investigation into IOCs’ financial records — Bala By Uthman Salami and Ariemu Ogaga The Nigerian Senate has ordered the Federal government to stop international Oil Companies (IOCs)…
By Uthman Salami Withdrawal of investment by International Oil Company (IOCs) and investors in hydrocarbon exploitation are responsible for Nigeria’s inability to meet up with the target set by the Organization of Petroleum Exporting Country (OPEC), Timipre Sylva has said.…
Several Inter national Oil Companies (IoCs) are mulling over the idea of leaving their onshore operations in Nigeria owing to litigations. The Minister of State for Petroleum Resources Chief Timipre Sylva said this recently. He recalled that on the assumption…
…seek amendment to PIA … Charge Buhari to appoint a substantive NDDC board … Back States’ collection of VAT By Uthman Salami The South-South Governors have clamoured for the relocation of International Oil Companies (IOCs) and Nigerian National Petroleum Corporation…
