Home / Tag Archives: Dr Ibe Kachikwu

Tag Archives: Dr Ibe Kachikwu

Failure to resuscitate refineries 3 years on, may embarrass FG at upcoming NIPS

NNPC 101

One of the most unexplainable embarrassments to the present government among the comity of oil producing economies as Nigeria prepares to host the world at the Nigeria International Petroleum Summit ...

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Confusion as FG, oil majors claim losses to oil production contracts

Chevron NNPC

Serious apprehension has emerged in the nation’s oil industry over who is really gaining much or losing more as far as the prevailing Oil Production Sharing Contracts (OPSC) is concerned. ...

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AEEPM to sue FG over loss of $12bn to delays in amending Deep Offshore Act 1993

NASS Buhari

Leading non-governmental organisation (NGO), the Africa Environmental & Economic Peace Mission (AEEPM), weekend at a press conference in Lagos, expressed its readiness to drag the federal government to court to ...

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Investment requests by IOCs now in excess of $15bn

Ibe K

Investment requests by multinational oil firms seeking to invest in Nigeria’s oil and gas sector are currently in excess of $15bn. This is the revelation of the Minister of State ...

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Over half of nation’s daily oil production lost to militancy—Minister

militants-and-buhari

Contrary to speculations that attacks on oil installations have waned, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has traced loss of more than 54 per cent of ...

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FG to further crash oil production cost from $23 to $15 per barrel –Minister

Ibe Kachikwu

…Says only 2 out of 40 refinery licencees serious Whereas stakeholders’ in Nigeria’s oil and gas sector have continued to have reservations on the authenticity of oil production statistics being ...

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NASS summons Minister over collapse of refurbished refineries 6 months after

Yakubu Dogara

Following the alleged discovery that all four national refineries refurbished during the last quarter of 2016 are flat in production, the House Representatives on Monday rose in anger to invite ...

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‘Stubbornly high cost of oil production forcing FG to rest exploration’ –Minister

Ibe K

“The country will have to halt oil production if the cost of producing the commodity remains stubbornly high. “For me, you rather leave the oil in the ground than produce ...

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Oil sector in dilemma as wait for Buhari hangs marginal fields licencing

Ibe Kachikwu

More business and economic development issues suffering the absence of the President and Commander in Chief, Muhammadu Buhari seem to be growing by the day. The latest in the row ...

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Kachukwu opens up, agrees falling oil price’ll hit 2017 budget bad

Ibe Kachikwu

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Thursday in Abuja, agreed that the combined forces of emerging crash in crude oil price to about $42.5 per barrel ...

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