Tag: Nigeria
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Big Oil, Big Problems?
December, 2021 The performance and strategic directions of major international oil companies (IOCs) in Nigeria reveal a mixture of exit strategies, long-term investment plans, and asset divestments. The analysis provides insights into Chevron, ExxonMobil, Shell, TotalEnergies, and Eni’s distinct approaches within Nigeria’s oil and gas industry. Chevron has signaled a gradual exit strategy marked by…
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Nigerian Content Act: Impact on Oil and Gas Players
March, 2021 In 2018, the Egina FPSO was commended for having the highest amount of local content completed for any oil and gas project in Nigeria. One of the major concerns of the Nigerian government which led to the establishment of the Nigerian Local Content Act in 2010, was capital flight occasioned by repatriation of…