Showing posts with label Exxon Mobil. Show all posts
Showing posts with label Exxon Mobil. Show all posts

Tuesday, 3 January 2017

NIGERIA’S OIL OUTPUT TOPS FOREIGN INVESTORS’ CONCERN


Foreign investors planning to invest in Nigeria and other global markets this year are taking a keen look at the nation’s oil output among other factors. According to a Financial Times’ report, oil supply from the world’s biggest producers will be in focus from the first trading day of January as market participants assess the extent to which countries such as Saudi Arabia and Russia reduce production following a global deal to cut supplies for the first time since the global financial crisis.

NEITI CONDEMNS N1.1 TRILLION TAX WAIVERS TO OIL FIRMS


By granting Pioneer Status, the Federal Government has waived $2.1 billion (N1.1 trillion) to 22 oil companies through tax holiday as at 2014. These companies are operators in the marginal field segment of the Nigerian oil and gas industry, according to the latest report from the Nigerian Extractive Industries Transparency Initiative (NEITI).
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Monday, 22 September 2014

FIVE OIL MAJORS PRE-QUALIFIED FOR KUWAIT DEAL

Kuwait’s state oil operator has pre-qualified five international oil majors to bid for a five-year consultancy contract for a USD-multi-billion project to lift its crude production capacity to 3.65 million bpd by 2020, an oil official was quoted on Sunday as saying.

Royal Dutch Shell, British Petroleum, France’s Total, Exxon Mobil and Chevron of the US have been asked to submit bids by the Kuwait oil company, which runs the Gulf emirate’s massive hydrocarbon sector, KOC’s CEO Hashim Sayed Hashim said, quoted by the Kuwaiti Arabic language daily Al Anba.

Read more @ The Punch