Tag: oil firms

Oil and Gas

Trump pushes US oil firms toward Venezuela investment

United States President Donald Trump on Friday urged top oil executives to invest in Venezuela’s vast crude oil reserves, but his appeal was received cautiously, with a leading chief executive describing the country as “uninvestable” without sweeping reforms. During a White House meeting, Trump told industry leaders that his administration, rather than authorities in Caracas, […]

Opinion

Oil firms urged to embrace PIA for host communities

International oil companies operating in the Niger Delta region have been urged to fully implement the Petroleum Industry Act across their various host communities in order to promote inclusiveness, transparency and sustainable development. The call was made by the Technical Assistant to Senator Sunday Benson Agadaga, Chairman of the Senate Committee on Oil, Mineral and […]

Oil and Gas

FG orders oil firms to fast-track projects, increase production

The Federal Government has called on oil companies operating in Nigeria to fast-track project sanctions and ramp up field development, insisting that the country must significantly increase crude oil production to boost the economy and remain competitive in the global energy market. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made the appeal […]

Oil and Gas

Subsidy probe: 23 oil firms operating in Nigeria unknown, say Reps

The profiles of 23 oil and gas companies trading in Nigeria are unknown, the House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2021 has said it does not know The panel is investigating payments made by the Federal Government through the Nigerian National Petroleum Corporation (now Nigerian […]