Peoples Daily Online

Oil & Gas

Shell eyes local buyers for Nigeria onshore blocks

Royal Dutch Shell yesterday confirmed that potential buyers for its onshore assets in Nigeria would take a few months, with a number of local players interested in buying the blocks.

 

Content board directs downstream sector to comply with Act

By Musa Adamu

The Nigerian Content Development and Monitoring Board (NCDMB) has directed operators in the downstream sector of the Oil and Gas Industry to comply with the provisions of the Nigerian Oil and Gas Content Development Act, (NOGICD) in its all activities.

 

CITN tasks FG on diversifying revenue from oil sector

From Olanrewaju Lawal,Ilorin

Charted Institute of Taxation of Nigeria (CITN) has urged Federal Government to invest in other sources of revenue generation apart from the oil sector of the economy. The National President of the institute Prince Rasaq Kunle Quadri stated this recently in Ilorin.

 

Global oil reserves: Declining, but how fast?

The world economy is currently, as has been over a century ago, fed by oil and gas, a trend that has made analystsn and stakeholders all over the world taking opposing extreme stance. In this analysis by Reuters, some verifiable reasons are given as to why the world may not wait for too long to bid black gold good bye.

 

Exxon Mobil workers threaten strike over expartriate quota

Exxon Mobil workers threaten strike over expartriate quotaFor hiring more expatriates in excess of number provided by the   law, oil workers trade union in Nigeria has given a strike notice to Exxon Mobil.
President Goodluck Jonathan   had in April,  signed a law that designates a certain number of jobs in the oil and gas industry to Nigerians.

 
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