SPE activates smaller entities’ investments in less attractive areas to IOCs
Chairman of Society of Petroleum Engineers (SPE) Nigeria Council, Joseph Nwakwue has advocated activation of smaller entities’ investments in areas of less attraction to international oil companies (IOCs) to fast track indigenous stake uptakes in Nigeria’s oil and gas sector….
How ready are IOCs in reducing methane leaks to tame emissions?
More issues are still coming from the latest report published by the International Energy Agency (IEA) on best production models to reduce carbon emissions and drive transition to cleaner energies without affecting rising investments in explorations. IEA in the report…
Mackenzie Report: Nigeria may not access ready $30bn investments in oil & gas
Strong indications have suggested that the high targets of the Federal Government in oil and gas exploration investments from deep pocket global oil majors may not come not necessarily because of the recently assented Deep Offshore/PSC Act, but the endless…
Gas: Reps pick hole in signed PSC law, seeks instant amendments
Fresh discovery pointing to the fact the rushed oil and gas Production Sharing Contact (PSC) amendment Act recently signed into law by President Muhammadu Buhari while away in London on a private visit was faulty, has emerged. Recall that several…
Negative fallouts of signed Production Sharing Contract law still rising
Whereas the key targets by the Federal Government to take International Oil Companies (IOCs) by storm in packaging the recently signed Production Sharing Contract (PSC) bill into law include to jerk up royalties from dividends of oil majors, increase revenues…
$15bn investment, Nigeria’s competitiveness under threat over new d’water royalty
Contrary to high hopes that the emerging regime of increased deepwater royalty payable by oil majors to the Federal Government will amass revenue for the economy, international oil companies (IOCs) plus their local allies under the aegis of the Oil…
IOCs shielding their operational data from NDR— NAPE President
The President of the Nigerian Association of Petroleum Explorationists (NAPE), Ajibola Oyebamiji, has opened up on the dearth of critical operational data in the oil and gas industry, saying many International Oil Companies (IOCs) are sabotaging efficiency in the build…
Dockworkers’ 14-day ultimatum on salary arrears yet to receive FG’s attention
Barely one week after the Maritime Workers Union of Nigeria (MWUN) issued a two-week ultimatum to the Federal Government to compel the International Oil Companies (IOCs) to pay all outstanding bill on stevedoring owed dockworkers, the Ministry of Transportation or…
Ghanaian seeks mergers in local oil marketing firms to compete with multinationals
The growing balkanization and proliferation of petroleum marketing companies in African oil producing countries is part of the reasons why deep pockets International Oil Companies (IOCs) are leading in downstream activities. This was the submission of Accra energy consultant and…
NIMASA reads riot act to IOCs, says no more Cabotage waivers
Following barrage of criticisms on the inability of the agency to disburse Cabotage Vessel Financing Fund (CVFF) amongst indigenous shippers to deepen their capacity, the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said…
