Nigeria | Egypt Oil & Gas - Part 49
Nigeria’s Buhari Faces a Series of Challenges as President
Crippling fuel shortages, power cuts, slowing economic growth and Islamist militants wreaking havoc. Muhammadu Buhari is taking on a tough job when he’s sworn in as Nigeria’s president on Friday.
Nigeria and it’s Oil Paradigm
As petroleum minister during the 1970s oil boom, Muhammadu Buhari set up the Nigerian National Petroleum Corporation. It is an accident of history that the same man, elected president in March, could now be compelled ...
Nigerian Oil Union Stops Halliburton Operation Due to Job Cuts
Nigeria's main oil union has shut down the local operations of U.S. oilfield services provider Halliburton Co in protest against job cuts, the trade body said on Tuesday.
Nigeria’s Amcon Recovers 57% of Bad Debts Acquired from Crisis
The Asset Management Corp. of Nigeria said it has recovered 57 percent of the bad debts it took on five years ago to rescue banks in Africa’s largest economy from collapse.
Nigerian Youths Close Down OML 29 in Nembe
Nigerian youths shut down crude oil production at two flow stations of the OML 29 (oil mining licence) oil block near Nembe in Bayelsa state at around 10 a.m. (0900 GMT) on Friday.
Nigeria Oil Workers Threaten to Close OML 42 field
Nigerian oil workers will go on strike to halt a small field if the government does not meet with them by the end of the week, a spokesman for Nigeria's main oil workers' union told Reuters on Tuesday.
Removal of Nigeria’s oil Subsidies Will Be a Challenge
Nigeria's crippling fuel shortages are unlikely to ease any time soon and much-needed deregulation of the subsidised market would be a fraught process, the chief executive of energy company Sahara Group said on Wedne ...
South Africa’s SacOil Ends Nigeria JV Due To Weak Oil Prices
South Africa's SacOil Holdings has ended its joint venture with Nigeria's Nigdel United Oil Company and abandoned its oil licence in that country as softer oil prices forced the firm to cut costs.
