S&P Global Platts foresees drop in IOCs stakes over 2019 PSC Act
Endless negative reverberations have continued to trail the passage and assenting into law the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Amendment Bill into law President Muhammadu Buhari in early November 2019. PSC is a term used in…
From his London private visit base, Buhari assents amended PSC bill into law
Upon mixed feelings generally presented by leading players in the nation’s oil and gas industry, President Muhammadu Buhari, from his London private visit announced his assent to the amended oil and gas Production Sharing Contract (PSC) bill into on Monday….
Buhari’s Mambilla project may go the way of P&ID London judgment debt if…
Strong indications have emerged suggesting that if enough care is not taken and as soon as possible, Nigeria may face another $2.3bn fine in arbitration in France over an alleged breach of contract on Mambilla Hydroelectric project. Recall that a…
Buhari directs Amaechi to provide security equipment worth $50m paid upfront to HSLi
Fresh fallout on the canceled controversial Nigerian waterways security deal brokered by Minister of Transportation, Mr. Rotimi Amaechi on behalf of HSLi Group of Israel, has emerged. Otherwise, in line with the presidential order directing the termination of the contract,…
Is it that Buhari encouraged NNPC to breach TSA as a minister?
Next week Wednesday may be rowdy during the seating of the House of Representatives ad hoc Committee probing NNPC on the implementation of the Treasury Single Account (TSA) policy. This stemmed from the confirmation by the Committee on Tuesday that…
FG’s policy inconsistency may kill modular refinery initiative in N/Delta
More details are still emerging on the reason why hostilities may reverberate in the currently stable oil rich Niger Delta as it is becoming clear that President Muhammadu Buhari may have been misled on award of OML to NPDC rather…
