The OPL 245, an oil field believed to be the largest in Africa with over nine billion barrels of crude, was said to have been fraudulently acquired from the Federal Government by Malabu Oil and Gas Limited in 1998 and afterwards offered to oil giants, Shell and Agip, in a shady shady deal.
“So, what actually we are developing is a Nigeria Flag National Fleet and in this particular instance, the model that we are working on is for private investors to bring their funds and the Federal Ministry of Transportation is a facilitator of the Nigerian fleet or the Nigerian owned National fleet or indigenous fleet.
Kunle Kalejaye 04 July 2016, Sweetcrude, Lagos – Indigenous energy group, Oando Plc, has announced an increase of N4.1 billion on…
He said although the 2.4m bpd is not enough to sustain the economy, or even grow it, resource management is vital because studies have shown that emerging economies often experience economic degression when oil prices are good because they tend to be lacking in capacity to manage the boom.
He said, “As a professional body, our members are involved in the exploration, exploitation and management of environmental and natural resources of the nation. This task makes our members responsible for the production of about 90 percent of the revenue of the country.”
*Fuel 1m cars per day Hector Igbikiowubo 03 January 2016, Sweetcrude, Houston — ‘Half of Nigeria’s flared gas can generate…
29 March 2015, Lagos – The value of Nigeria’s external reserves, which has been on the downswing in the past…
Chijioke K. Mama 24 March 2015, Sweetcrude, Lagos – Oil and Gas economics has changed. In Africa’s hydrocarbon-dependent economies, petroleum…
18 March 2015, Sweetcrude, Lagos – Nigeria faces the most keenly contested elections in its political history in ten days,…
Chijioke K. Mama 15 March 2015, Sweetcrude, Lagos – Analysts have identified the interplay of three forces that affect petroleum…
