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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The recent reported directive by the Acting President, Prof. Yemi Osinbajo, to international oil companies (IOCs) to relocate their headquarters to the Niger Delta region is being mired in confusion. Osinbajo was reported to have in Uyo, Akwa Ibom State early this year, directed the IOCs to relocate their headquarters to the oil-rich region, a […]
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Dr Ibe Kachikwu, Minister of State for Petroleum said that the Federal government would pay the 5.1 billion dollars Joint Venture Cash Call arrears owed International Oil Companies, IOC, within a five-year time frame. The Minister gave the assurance at inaugural meeting of the National Council for Hydrocarbon in Abuja on Tuesday. He said the […]
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A Niger Delta based NGO, Center for Peace and Environmental Justice (CEPEJ) has decried the alleged continued destruction of the environment in the oil-rich Niger Delta Region by Multinational Oil Companies, pipe vandals and illegal oil bunkerers, insisting they must halt their cruel activities now to save the deteriorating environment. National Coordinator of CEPEJ, Comrade […]
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The Niger Delta Avengers, NDA, on Friday revealed that its attacks on oil installations in the region are aimed at making the Niger Delta a sovereign state and not for pipeline contracts. The band of militants, whose ultimatum to the federal government elapsed yesterday, warned “the International Oil Companies, IOCs and the Nigeria military, watch […]
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