Oil Companies – InfoStride News

NOSDRA DG tasks Oil Firms on Regulations Compliance, says Nobody is above Law

Adewale A. — Wed, 04 Sep 2024 20:22:43 +0000

The Director General and CEO of the National Oil Spill Detection and Response Agency (NOSDRA), Engineer Chukwuemeka Woke has put oil companies on notice, tasking them to comply with environmental regulations or face the full force of the law. Speaking during a familiarization visit to the Port Harcourt Zonal headquarters in Rivers State on Monday, [...]

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What you need to know about Atiku Abubakar’s NNPC Privatisation – Dr Adamu

Ade Adewale — Fri, 22 Feb 2019 08:33:39 +0000

Alhaji Atiku Abubakar made a proclamation that he will privatise Nigerian National Petroleum Corporation (NNPC) if elected President, and that sparked concerns and curiosities in the minds of some Nigerians, so I decided to write this article to explain the entire concept of NNPC privatisation and its effects, so that people will have a better [...]

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Oil Companies Must Identify Within Their Own Domain – Ibe Kachikwu

David Folami — Sat, 26 Aug 2017 23:39:37 +0000

The Minster of State for Petroleum Resources, Dr Ibe Kachikwu,on Thursday asked financial institutions and stakeholders to support the expansion of the Nigerian Content Intervention Fund. Kachikwu said that the fund would help to help some local Nigerian experts who wanted to invest in some areas but lacked sufficient funding. “As small as the fund [...]

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NNPC, Oil Companies Sign Agreement To End JVC

David Folami — Fri, 16 Dec 2016 09:02:54 +0000

The Nigerian National Petroleum Company (NNPC) on Friday signed an agreement to exit the Joint Venture Cash Call (JVC) with some international oil companies. The agreement was signed in Abuja at the Ministry of Petroleum Resources between the Federal Government and Shell, Chevron, Agip, Total, Oando. Nigeria owes an estimated 6.8 billion dollars accumulated over [...]

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Naira To Steady On Oil-Sector Dollar Flows After Peg Ditched

Ade Adewale — Thu, 23 Jun 2016 19:56:20 +0000

Nigeria’s naira could stabilise next week on increased dollar liquidity from month-end greenback sales by oil companies, while Ghana’s cedi is expected to slip on rising dollar buying. Nigeria’s naira was quoted within the range of 282-284 to the dollar at the interbank market on Thursday, a range it has been trading at since the [...]

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Alberta Wildfire: Canada Oil Price Surges As Production Slows

Ade Adewale — Fri, 06 May 2016 22:48:04 +0000

The worst wildfire in Alberta history is boosting Canadian crude prices as oil companies evacuate workers and shut in output. Western Canadian Select, the benchmark for oil sands production, strengthened $1.35 to a $11.50-a-barrel discount to U.S. West Texas Intermediate on Thursday at 7:38 a.m. Calgary time, the smallest difference since July, data compiled by [...]

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Oil and Gas Companies Paid $239bn Royalty To Nigeria In 7yrs – NEITI

Wale Adebayo — Fri, 04 Dec 2015 20:00:56 +0000

The Nigeria Extractive Industries Transparency Initiative (NEITI) says 42 oil and gas companies operating in the country paid a total of $293 billion to the Federal Government between 2006 and 2012. According to the organisation’s Acting Executive Secretary, Dr Orji Ogbonnaya Orji, the money was paid by oil companies as taxes, royalty, dividends etc to [...]

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Briggs Blames FG And Oil Companies For Devastation In Niger-Delta, Renews Call For Self-determination

Wale Adebayo — Sun, 29 Nov 2015 21:05:47 +0000

Activist and convener of the Niger Delta Self-Determination Movement, Annkio Briggs has blamed the Federal Government and the oil companies working in the Niger Delta for the devastation of the region. She has therefore asked for compensation for their actions, although she said the region would still continue to demand self-determination and the control of [...]

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PENGASSAN Determined To Resist FG, Oil Companies Plan To Downsize

Wale Adebayo — Sun, 15 Nov 2015 16:46:13 +0000

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has vowed to resist any form of downsizing in the industry by the federal government and International Oil Companies (IOCs). While declaring it is not averse to removal of subsidy on petroleum products, PENGASAN said it will not back any policy that will have [...]

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