Nigerian Times

The fuel subsidy has never favoured the majority of Nigerians, but the oil marketers and their distributors who are major stakeholders in the corrupt government of President Goodluck Jonathan of Nigeria. The masses don't own the filling stations and they don't import fuel. So who are those ripping them off? The oil marketers importing fuel and the owners of filling stations who are leading members of the corrupt ruling party and the President is their major beneficiary. The real beneficiaries of the misappropriated fuel subsidy in Nigeria are the Nigerian National Petroleum Corporation (NNPC) and others on the following list. List of Petroleum/Oil Marketing Companies in Nigeria September 24, 2007 The list below contains the names of the oil marketing companies in Nigeria. Companies that are only involved in the downstream section of the oil chain. The list is not exhaustive but these are the main players in the industry. The information is available both in the ta...

Offshore Rig. Photo Credit: Oil Rig Photos . 17 Dec 2011 12:00 Africa/Lagos "Oil & Gas Infrastructure Security Market to Reach 29.16 Billion Dollars in 2012" According to New Visiongain Report LONDON, December 17, 2011/PRNewswire/ -- Over the next decade, global demand for oil & gas [http://www.visiongain.com/Report/738/The-Oil-Gas-Infrastructure-Security-Market-2012-2022 ] is set to rapidly increase as rising populations and economic growth help to drive the industry. This will create a need for additional oil & gas infrastructure [http://www.visiongain.com/report_license.aspx?rid=738 ] to be constructed. At the same time, many countries around the world are currently facing a number of security challenges stemming from civil unrest, terrorist activities, and a competitive global market. Together, these factors will create substantial opportunities for companies involved in the oil & gas infrastructure security market as a range of products and services wil...

Oil and Gas in Nigeria. Photo Credit: Godwin Joseph Igwe . 6 Dec 2011 07:00 Africa/Lagos Deloitte Report Examines the Future of Oil and Gas in the Middle East and Beyond Deloitte Report Examines the Future of Oil and Gas in the Middle East and Beyond PR Newswire DOHA, Qatar and NEW YORK, Dec. 6, 2011 DOHA, Qatar and NEW YORK, Dec. 6, 2011 /PRNewswire/ -- Deloitte Touche Tohmatsu Limited (DTTL) today released its third annual Oil & Gas reality check report at the World Petroleum Congress (WPC) in Doha, Qatar. The 2012 report examines how the oil and gas (O&G) sector could evolve in the coming year when considering the potential impact of trends that emerged in 2011—namely, Libya's evolving political landscape, Iraq's increased stability, Brazil's emergence as an industry player, the global push toward shale gas production, and the decoupling of gas and oil prices. According to the report, the governmental changes in Libya will have a deep impact on how its oil indu...

12 Mar 2008 12:00 Africa/Lagos Talent Void, A Top Five Business Issue for Oil and Gas Executives, According to Ernst & Young and Rice University Survey Competition among peer companies a significant issue; Ernst & Young offers solutions HOUSTON, March 12 /PRNewswire/ -- Nearly 90% of senior human resources (HR) executives at 22 top international oil and gas companies believe their industry faces a talent shortage and call the problem one of the top five business issues facing their companies. Working with Rice University, Ernst & Young LLP recently surveyed HR executives in the oil and gas industry to glean insights on the challenges of workforce recruiting and retention and how to overcome these challenges. Nearly all (88 percent) of the respondents agreed the shortage has the potential to impede growth and financial performance. Respondents were asked to rank the following issues on a one to 10 scale, with 10 representing a significant problem: -- Corporate growt...

Releases displayed in Africa/Lagos time 29 Oct 2007 Atlas Petroleum & Partner eye sale of Niger Delta block Prince Arthur Eze and Atlas Petroleum International Offer 2.2 Billion Barrels of Resource Potential in the Offshore Niger Delta(Full text of a statement. Contact details below.) Houston and Lagos (ANTARA News/PRNewswire-AsiaNet) - Atlas Petroleum International Ltd and partner Summit Oil and Gas Worldwide are evaluating the sale of up to 40 per cent of the working interest in Block OML 109, located just 12 miles offshore in the shallow waters of the Niger Delta. "Following on the heels of our recent success with Noble Energy on Block I in Equatorial Guinea, we believe now is the time to explore opportunities with prospective new partners in this as yet under-explored block, OML 109," said Prince Arthur Eze, owner and chairman of Atlas Petroleum International Ltd. Recently, a complete review of OML 109 was conducted and the results revealed an exploration potential of...