nigeria oil and gas sector news
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Business Reduction in Oil Exploration May Plunge Nigeria into Long-term Risks, Explorationists Warn – Thisdaylive
The Nigerian Association of Petroleum Explorationists (NAPE) has warned that the reduction in hydrocarbon exploration and steady depletion of the oil reserves will drive Nigeria into risks of long-term disruption to oil and gas supplies, power generation, collapse of industries and significant...- Nigeria Business News
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Business Report: Oil Sector Contributes 92.9% of Illicit Financial Flows – Thisdaylive
A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) and Trust Africa has disclosed how companies and persons doing business in Nigeria’s oil and gas sector contribute 92.9 per cent of the total amount of illicit financial flows (IFFs) the country records … Read more...- Nigeria Business News
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Business Oil & gas: Nigeria suffers $17.12m investment plunge – Newtelegraph
Nigeria has suffered a plunge of $17.12 million foreign investment in its oil industry in just three months. Checks by New Telegraph showed that investor apathy, which trailed the petroleum industry from August to September 2018, has been listed as the cause of the plunge … Read more via...- Nigeria Business News
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Business ‘Upstream projects getting back on track after oil price slump’ – The Guardian Nigeria Newspaper
Industry research group, Wood Mackenzie (Woodmac) has said emerging signs of improved execution suggest companies are getting it right after a period of dismal performance on upstream oil and gas projects. A similar research conducted by Globaldata, had revealed … Read more via The Guardian...- curator
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Metro 10 Rivers communities to benefit from oil firm scholarship – Punch Newspapers
An operator in the oil and gas sector, Newcross Exploration and Production Ltd, says it will give scholarship to secondary school students in 10 communities in Akuku-Toru and Degema Local Government Areas of Rivers State. Chief Alapuye Elekiye-Okpara, the company’s consultant for the...- mrsam
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Metro Oil sector fast losing attraction, says SPE – The Guardian Nigeria Newspaper
Society of Petroleum Engineers (SPE) has said Nigeria’s oil and gas sector is fast losing its relevance, given the realities of today’s marketplace. According to the body, an economy like Nigeria that depends largely … Read more via The Guardian Nigeria Newspaper – Nigeria and World News –...- mrsam
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Business ‘High charges’ worry investors in oil, gas free zones – The Guardian Nigeria Newspaper
Some investors have expressed concerns over what they describe as the ‘high charges’ in Nigeria’s oil and gas free zones, noting that the development endangers government’s foreign direct investment (FDI) drive into the sector as … Read more via The Guardian Nigeria Newspaper – Nigeria and...- curator
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Business Crises brew over unfavourable policies, $33mn levy on Egina FPSO – Vanguard News
There are indications that the Free on Board (FOB) charges imposed by LADOL is brewing crisis in the oil and gas free zones.... Read more via Vanguard News – https://ift.tt/2KoiDsD Get more: Nigeria Business News- curator
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Politics Senate to probe Ibe Kachikwu over alleged irregularities in oil, gas sector – TODAY.NG
The Senate on Wednesday mandated its Committee on Petroleum Resources (Upstream) to investigate issues relating to ongoing lease renewals in the oil and gas sector of the economy. It is believed that the process is being undertaken by the Minister of State for Petroleum Resources, Dr Ibe …...- siteadmin
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Politics Niger Delta leaders reject PIGB, insist on PIB – The Guardian Nigeria Newspaper
Stakeholders in Niger Delta have cautioned President Muhammadu Buhari against signing the Petroleum Industry Governance Bill (PIGB), alleging that it seeks to privatise the country’s oil and gas assets and to further impoverish the people of the region..... Read more via The Guardian Nigeria...- siteadmin
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Business NNPC’s Subsidiary Posts N6.11bn Profit from Gas Processing, Transportation – Thisdaylive
The Nigerian Gas Processing and Transportation Company (NGPTC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has declared a profit after tax worth N6.11 billion from its business of processing and transporting natural gas to its customers in 2017. The NGPTC said in a …...- curator
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Entertainment Mimi Orjiekwe says there is money in the Oil sector, claims acting can’t pay her bills – Yabaleft
Nollywood Actress, Mimi Orjiekwe while speaking with Sunday Scoop said she would have been a better person if she had worked in the oil and gas sector, rather than choosing acting as a career. She said: “I still have a lot to do as an actor and woman, though I am … via YabaLeftOnline –...- Nigeria News
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Business How Nigeria gained from OPEC’s ‘Declaration of Cooperation’ – Kachikwu – Premium Times Nigeria
The Minister of State for Petroleum Resources, Ibe Kachikwu, said the oil and gas sector in Nigeria had witnessed positive transformation since the “Declaration of Cooperation” by OPEC and non-OPEC members. Mr Kachikwu said this in an interview with journalists on the sidelines of the …...- curator
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