The divestment of onshore and shallow water assets by International Oil Companies (IOCs) in Nigeria could enable indigenous oil producers to control up to 70 per cent of the country’s oil production. Oluseye Ekun, Chairman of the Management Session Committee Read More
Oil asset divestment guidelines inadequate, advocacy group insists
An ecological and fiscal advocacy group, Policy Alert, has condemned the guidelines provided by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) on asset divestment in the oil and gas industry The post Oil asset divestment guidelines inadequate, advocacy group insists Read More
Fresh oil production hiccups may distort market stability despite $490b investment
Although about $490 billion is being invested this year to boost crude oil production and plug the supply gap, there are indications that supply shortfall may persist. The post Fresh oil production hiccups may distort market stability despite $490b investment Read More
Oil, gas M&A show signs of recovery with $14b fresh deals
About three years after the outbreak of Covid-19 pandemic, there are indications that the oil and gas sector may see the return of fresh deals. Recently, Brookfield Renewable Partners announced the acquisition of Australia’s Origin Energy utility.. The post Oil, Read More
‘Why NUPRC must address growing divestment issues in Nigeria’
There are looming concerns in the upstream segment of the nation’s oil and gas industry except for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) taking proactive The post ‘Why NUPRC must address growing divestment issues in Nigeria’ appeared first on Read More
Oil majors record $37 billion cash flow, biggest in 14 years
ExxonMobil, Chevron, BP, Shell, and TotalEnergies have hit their biggest free cash flow in the last 14 years as the super majors posted combined earnings of $37 billion in three months. The post Oil majors record $37 billion cash flow, Read More
Oil majors’ earnings improve on rising prices, demand
Optimistic expectations about demand from OPEC+ and rebalancing fuel inventories in the United States have aided the steady rise in oil prices, as well as recovery of many oil majors to profitability in the first quarter. The post Oil majors’ Read More
NIPCO bags awards on acquisition of ExxonMobil
Managing Partner, Brandzone Consulting LLC, Chizor Malize (left); Managing Director, Falcon Corporation Limited, Prof Joseph Ezigbo; President, Nigeria Gas Association/Managing Director, Frontier Oil Limited, Engr. Dada Thomas; Co-Founder/Executive Director, Falcon Corporation Limited, Mrs. Audrey Joe-Ezigbo; Independent Petroleum Producers Group/ Managing Read More