The presidential directive to the Nigerian Petroleum Development Company Limited (NPDC) to takeover operation of the entire Oil Mining Lease (OML) 11 from Petroleum Development Company (SPDC) has been denounced by the Ogoni people.
The post Transfer of OML 11 to NPDC: Ogoni vows to resist resumption of crude, gas production appeared first on The Guardian Nigeria News – Nigeria and World News. …
Ibe Kachikwu
Proposed United States anti-trust law threatens OPEC’s continued dominance
The dominance of the Organisation of Petroleum Exporting Countries (OPEC), particularly in stabilising oil price globally, is coming under serious threat following works on the No Oil Producing and Exporting Cartels (NOPEC) bill by United States lawmakers.
The post Proposed United States anti-trust law threatens OPEC’s continued dominance appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …
Nigeria moves to dominate global oil industry with 100 firms
Sixty-three years after the discovery of oil in commercial quantity, the Federal Government yesterday said Nigeria was poised to play a commanding role in the industry globally through100 indigenous companies.
The post Nigeria moves to dominate global oil industry with 100 firms appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …
Stakeholders fault Kachikwu, NNPC on nation’s decrepit refineries
Stakeholders in the oil and gas sector yesterday faulted the Minister of State for Petroleum Resources, Ibe Kachikwu…
The post Stakeholders fault Kachikwu, NNPC on nation’s decrepit refineries appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …
FG targets $2bn from oil, gas lease licence renewal
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says government is targeting about two billion dollars from the oil and gas lease licences renewal.
The post FG targets $2bn from oil, gas lease licence renewal appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …
We generated over $2bn from oil block licences to fund 2019 budget-Kachikwu
Nigeria’s Minister of State for Petroleum Resources, Mr Ibe Kachikwu, has said the Federal Government generated over $2 billion from the renewal of oil block licences. The former Group Managing Director the Nigerian National Petroleum Corporation (NNPC), said the funds will be used to implement the nation’s budget. “We have actually asked for early renewals, […]
The post We generated over $2bn from oil block licences to fund 2019 budget-Kachikwu appeared first on The Sun Nigeria. …
Kachikwu: We’ve generated over $2 billion from oil block licences for funding 2019 budget
Ibe Kachikwu, minister of state for petroleum resources, says the federal government has generated over $2 billion from the renewal of oil block licences. The former group managing director the The post Kachikwu: We’ve generated over $2 billion from oil block licences for funding 2019 budget appeared first on TheCable.
Nigeria to lose 27% of oil production in 2019
Adewale Sanyaolu Nigeria is to lose about 226,300,000 million barrels of oil production in 2019, representing about 27 per cent of its current year’s target. The loss is sequel to the Organisation of Petroleum Exporting Countries (OPEC) decision to cut the country’s production quota from January 1, 2019. According to an arrangement by the oil […]
The post Nigeria to lose 27% of oil production in 2019 appeared first on The Sun Nigeria. …
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2019: Nigerians need to be reminded of our achievements in oil sector, says Buhari
President Muhammadu Buhari says Nigerians need to be reminded of the progress of the ministry of petroleum resources and the oil sector, before the 2019 elections. Speaking at the ministry of The post 2019: Nigerians need to be reminded of our achievements in oil sector, says Buhari appeared first on TheCable.