According to him, “We are going to firm up long-term markets, we must stop the year-to-year crude terms contracts and gas sales. We have to go to the long-term markets that is what everybody in the world is doing.”
Browsing: international oil companies
Baru noted that, “The corporation has outlined plans to establish a security advisory council aimed at bringing a lasting solution to the perennial problem of pipeline vandalism and sundry security challenges bedevilling the oil and gas industry.
It is expected that execution of this agreement would end the long standing cash call challenges that have impacted the Nigerian oil and gas industry over the years.
“In conventional oil projects, deepwater West Africa is a tough place to be. A number of projects in Angola and in Nigeria have been pushed out of our analysis,” Simon Flowers, Wood Mackenzie’s chief analyst, told a news agency.
“In the last five years things really started going bad and we are really trying our very best to get them resolved off line. In short we are at a cross road because when we approached the IOCs they simply told us that except we operate a base case budget before they can continue with us,” he explained.
16 September 2015, Lagos – Stakeholders in the upstream segment of the nation’s petroleum industry under the aegis of the Nigerian…
05 August 2015, Sweetcrude, Abuja – President Muhammadu Buhari Wednesday in Abuja approved several actions to fast-track the long-delayed…
29 December 2014, Dar es Salaam – International oil companies engaged in exploration of oil and natural gas in Tanzania are…
