Dr. Olisa Agbakoba has explained how the federal government's proposed 50% windfall tax will negatively impact bank operations and its customers in Nigeria.
The Chairman of Indigenous oil and gas company, Platform Petroleum, Chief Dumo Lulu Briggs has said that the ongoing agreement for the divestment of a 100% interest in Mobil Producing Nigeria Unlimited shallow water assets (MPNU) to Seplat Energy Offshore Limited, points to the fact the federal government of Nigeria understands business.
Dangote Refinery faces supply disruptions and market challenges, yet its potential for economic growth and job creation is immense.
Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused International Oil Companies (IOCs) in Nigeria of actively trying to undermine the Dangote Oil Refinery and Petrochemicals.
Tetracore Energy has urged the Federal Government to back Nigeria’s Petroleum Industry Act, with actions capable of enhancing its impact on the oil and gas industry.
The House claimed that Shell, Total, and First E & P were in violation of Nigerian law for making capital allowances claims without the CAFA certificate
The proposed divestment by TotalEnergies will be the latest in a series of similar actions by other International Oil Companies.
The CBN has halted the sale of dollars to the NNPC by oil companies, including IOCs that operate within the shores of the country.
The GMD of NNPC, Mele Kyari, has urged the IOCs not to worry over the Deep Offshore and Inland Basin Production Sharing Contract Act 2004.
Chevron is looking to sell-off a number of its oil assets in the country as the company wants to focus on growing its US shale output.
A recent study report by Rystad Energy has suggested that many international oil exploration companies may soon be faced with huge profit loses.
Timipre Sylva stated yesterday that the government knows that the full amount expected from the IOCs might never be recovered.
