Tag: International Oil Companies

NUPENG To Begin 3-Day Nationwide Warning Strike

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) members would begin a three-day nationwide warning strike by Jan. 9 2017, against the anti-labour practice of International Oil Companies (IOCs). The South-West chairman of the union, Alhaji Tokunbo, told the News Agency of Nigeria (NAN) in Lagos that the[Read More…]

Nigeria’s Crude Oil Production Decline To 20%

By Chineme Okafor The Vice President of Shell Upstream International, Mr. Markus Droll has said that decline rates in crude oil production within Nigeria’s hydrocarbon industry can be as high as 15 to 20 per cent. Droll also said that replacing such natural production decline rates in the industry requires[Read More…]

CBN Governor Alleges NNPC Unaccounted For 20 Billion Dollars

The Governor of the Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi, has said the Nigerian National Petroleum Cooperation, NNPC cannot account for 20 billion dollars. Appearing before the Senate Committee on Finance to discuss the crude oil monies allegedly Sanusi provided a summary of funds that have been received[Read More…]