ExxonMobil, PENGASSAN labour matter snowballing to halt oil production if…
Happenstances trailing the yet to be called off industrial action embarked upon by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and a subsidiary of United States’ ExxonMobil Corporation is becoming a source of concern in the…
How IOC’s lobbying is grounding lawmakers’ national interest in passage of PIB—-BH Report
New report released by Business Hilights Research Team (BHRT) has fingered the unseen forces apparently operating from the camp of International Oil Companies (IoCs) as the stumbling block in the passage of the Petroleum Industry Bill (PIB) at the National…
FG, Agip reach fresh deal to build new refinery in Port Harcourt
The results of the recent visit of the Minister of State, Petroleum Resources, Dr. Ibe Kachikwu to Italy where he met with top officials of the Agip group has started emerging as he revealed on Tuesday that the Federal Government…
How IOCs failed to pay $14.3b penalty for gas-flaring to FG in 8 years
Fresh figures from the Department of Petroleum Resources (DPR) and Nigerian National Petroleum Corporation (NNPC) have shown that International Oil Companies (IOCs) failed to pay about $14.298 billion between April 2008 and October 2016 as penalty for gas-flaring to the…
Nigeria ready to beg OPEC for extension of oil production cuts exemption
As duration for the Organization of Petroleum Exporting Countries (OPEC) cuts window draws near, federal government has given an indication that it will prevail on the global oil cartel to extend Nigeria’s exemption considering the observed monetary strikes by militants…
Emulate Dangote or get ready to lose your oil refinery licence, FG warns licensees
The Federal Government on Wednesday in far away Huston Texas, handed down a rare ultimatum to oil refinery licensees who are yet begin construction works to emulate Aliko Dangote or lose the validity as soon as possible. Minister of State…
