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Oil & Gas
Uncertainty over renewal of licences put IOCs in a jam
The endless struggle by international oil compa¬nies (IOCs) operating in Nigeria to have their onshore and shallow-water licences renewed by the federal government since 2008 has contin¬ued…
Jonathan appoints new group executive directors for NNPC
President Goodluck Jonathan has ap¬pointed new group executive directors for the Nigerian National Petroleum Corporation (NNPC) to fill critical vacan¬cies which currently exist in the…
Upturn in Africa’s oil, gas deals market expected this year
As oil and gas companies continue to focus on portfolio optimisation by further investing in assets that are generating strong returns and selling assets that have lower returns, merger and…
Total says over 100 Nigerians currently working for HHI
Total E&P Nigeria Ltd, operator of the NNPC/Total Joint Venture, has refuted claims that there are only two Nigerians working for Hyundai Heavy Industries (HHI), a contractor on the…
Petroleum Product Marketing Companies’ revenue fell by N53 billion in 9 months…
The nine months of 2013 unaudited results re¬leased by Nigerian Stock Exchange and made available to BusinessDay Research and Intelligent Unit (BRIU) shows that the turnover of six out of…