OIL MAJORS THREATEN PIB. DELAY INVESTMENT ON $23.5B OFFSHORE PROJECT

International Oil Companies (IOCs) operating in Nigeria may have devised means to compel the Federal Government into changing its fiscal policy on the Petroleum Industry Governance Bill (PIGB). The Guardian learnt the IOCs have deliberately put on hold the Final Investment Decision (FID) on five offshore oil and gas projects to make government alter fiscal […]

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Nigeria government not committed to Ogoni clean-up – Shell pulls out

Shell Petroleum Development Company of Nigeria Limited (SPDC) has pulled out of the much publicized clean up of Ogoni Land, citing insincerity and lack of commitment on the side of the federal government. In a statement by its spokesman, Bamidele Odugbesan in Lagos on Wednesday, June 8, 2016. The oil giant stated that they noticed […]

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