International Oil Companies (IOCs)

N’Delta stakeholders’ remind FG of enforcing presidential directive on IOCs

• Energy

N’Delta stakeholders’ remind FG of enforcing presidential directive on IOCs

Business Hilights September 18, 2017

Since the first official working tour of the Vice President, Prof Yemi Osinbajo, in oil rich Niger...

Read More

Seplat, other indigenous oil players spend over $10.4bn acquiring divested assets

• Energy

Seplat, other indigenous oil players spend over $10.4bn acquiring divested assets

Business Hilights July 14, 2017

Leading drivers of Nigeria’s local content in oil and gas industry have given testimonies showing how their...

Read More

‘Only an Act’ll compel IOCs to relocate to Niger Delta, not youths’ threats, others

• Energy

‘Only an Act’ll compel IOCs to relocate to Niger Delta, not youths’ threats, others

Business Hilights July 7, 2017

Contrary to feelings in some quarters that the presidential directive issued by Acting President Yemi Osibanjo during...

Read More

Paucity of fund hits FG as it can’t pay IOCs $1bn in JV cash call since April

• Banking/Investments

Paucity of fund hits FG as it can’t pay IOCs $1bn in JV cash call since April

Business Hilights July 5, 2017

Just as the Federal Government is yet to release the celebrated N350bn, it has not still offset...

Read More

Minister did the right thing the wrong way in PH refinery concession—Experts

• Energy

Minister did the right thing the wrong way in PH refinery concession—Experts

Business Hilights June 5, 2017

Following the recent halt order in the concession of Port Harcourt refinery to a joint venture involving...

Read More

Tracking Now: Senate passes Part 1 of Petroleum Industry Bill (PIB) dealing on governance

• Energy

Tracking Now: Senate passes Part 1 of Petroleum Industry Bill (PIB) dealing on governance

Business Hilights May 25, 2017

The Nigerian Senate today, Thursday, May 25, 2017, passed the Petroleum Industry Governance Bill (PIGB). The part,...

Read More

How IOC’s lobbying is grounding lawmakers’ national interest in passage of PIB—-BH Report

• Energy

How IOC’s lobbying is grounding lawmakers’ national interest in passage of PIB—-BH Report

Business Hilights May 15, 2017

New report released by Business Hilights Research Team (BHRT) has fingered the unseen forces apparently operating from...

Read More

PENGASSAN flays dismissal of local staff of Exxon Mobil in place of expatriates

• Energy

PENGASSAN flays dismissal of local staff of Exxon Mobil in place of expatriates

Business Hilights May 5, 2017

Incessant sack of Nigerians by International Oil Companies (IOCs) in place of expatriates which voids the spirit...

Read More