The Minister of State for Petroleum Resources, Ibe Kachikwu has tasked indigenous operators to step up their investments and take over major operations from international oil companies, especially as many Continue Reading
Yenagoa — The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has tasked indigenous operators in the oil and gas sector to step up their investments and take over Continue Reading
The president’s first term fell short of the changes needed to modernize the sector. Can he make headway in his second? Muhammadu Buhari, re-elected as president of Nigeria in February, Continue Reading
Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu admitted that reducing oil production to the quota assigned by OPEC is a challenge, not least because of the start of production at the Continue Reading
The Nigeria National Petroleum Corporation (NNPC) has pledged to deepen its search for oil in the north. The corporation has also described the Dangote Refinery, currently under construction, as a Continue Reading
Royal Dutch Shell, Nigeria’s largest foreign investor paid the Nigerian government $6,397,325,844 as oil production entitlement, taxes, royalties and fees arising from the company’s activities involving oil and gas exploration, Continue Reading
Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana, Continue Reading
At the 2019 International Petroleum Conference held in London, recently, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, was reported to have copiously highlighted major Continue Reading
There are indications that ExxonMobil has concluded plans to divest from some onshore and offshore fields worth $3 billion in Nigeria. Industry and banking sources that made this disclosure to Continue Reading
Exxon Mobil may sell a suite of oil and gas fields it holds in Nigeria and has commenced talks on the sales as it focuses on new developments in United Continue Reading
