PSC Non- Review: Nigeria loses $16bn in Ten Years – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil…
Minister Orders Termination of all Contracts with US Based Oil Service Company Subsea 7 for Refusal to Comply with Local Content Laws and Regulations
Minister of Mines and Hydrocarbons, Equatorial Guinea, Gabriel Mbaga Obiang Lima At the South Sudan Oil and Power Conference in Juba, the Minister of Mines and Hydrocarbons, Equatorial…
Rising use of plastics to drive oil demand to 2050 – IEA
Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency (IEA) said on Friday. In spite of government…