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Chevron To Leave Nigeria To Focus On Shale Back Home - Business (2) - Nairaland

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Exxonmobil, Shell, Chevron To Withdraw $3bn Suits Against NNPC / Chevron To Leave Nigeria / Chevron Quitting Nigeria To Focus On Shale Back Home (2) (3) (4)

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Re: Chevron To Leave Nigeria To Focus On Shale Back Home by jchioma: 10:36pm On Oct 29, 2019
America have been investing largely on the Shale oil and solar power energy and depending less on crude oil as the word connotes, so, it's not surprising for Shell to buy into this future of power energy.

However, what's is cruder, is our sole dependency on crude oil to meet our national budget needs.

4 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Nobody: 10:36pm On Oct 29, 2019
Nigeria don cast
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Kingray10: 10:37pm On Oct 29, 2019
It's a good new. But the side effect is worst. Think of those working with the company.

2 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by saajus: 10:37pm On Oct 29, 2019
ok
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Sorrento: 10:40pm On Oct 29, 2019
sassysure:
This got to be a joke shocked shocked
(Saw it on Sahara reporters too)
Na so naija go take die?

If chevron is leaving, one of the major oil companies in Nigeria, pls tell me, who again will remain?
Shell?

It is finished.
See what bad govt has caused one of the best countries in the world?

All u ethnic and religious zealots, hope u are happy now?

U are making sense until I see "one of the best country in d world".one of the best country kee u there

1 Like

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by ScotMisile: 10:40pm On Oct 29, 2019
This, being good news, is not the issue. But ,Nigeria's notoriously corrupt system will infiltrate into this sector and yes it will come crumbing down just like the Nigerian system.

5 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by temielects(m): 10:48pm On Oct 29, 2019
sassysure:
This got to be a joke shocked shocked
(Saw it on Sahara reporters too)
Na so naija go take die?

If chevron is leaving, one of the major oil companies in Nigeria, pls tell me, who again will remain?
Shell?

It is finished.
See what bad govt has caused one of the best countries in the world?

All u ethnic and religious zealots, hope u are happy now?
this guy needs enough air in his brain..

3 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Annie001: 10:49pm On Oct 29, 2019
Mixed feeling

1 Like

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by johnmattew: 10:49pm On Oct 29, 2019
iamJ:
Google aramco


It's a national owned oil company


Stop depending on whites


It's 2019 not 1929


All these companies were taking our money elsewhere


Better they left self
that company is bigger than apple, Microsoft and Google together

2 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by apiski(m): 10:50pm On Oct 29, 2019
Charmingrascal:
For those who are truly educated and know economics and know what we stand to gain as a country




























This is a good news
Exactly.


Just like the good news of independence has cost us almost 60 years of backwardness.

12 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by johnmattew: 10:50pm On Oct 29, 2019
GuyWise:
Buhari has single handedly destroyed the remaining of the shit-hole with his illogical reasoning and cow-like mentality.


How zombies expected an illiterate to turn the country to paradise is the highest foolish reasoning of all time.


Nigeria is doomed.
it's not hard to know illiterates....ur dumbness couldn't discern that his move by chevron is a good one for dangote and local investors

4 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by johnmattew: 10:51pm On Oct 29, 2019
tommykiwi:
Good or bad news for Nigeria?
good news
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Areaboy2(m): 10:52pm On Oct 29, 2019
iamJ:
Google aramco


It's a national owned oil company


Stop depending on whites


It's 2019 not 1929


All these companies were taking our money elsewhere


Better they left self

That's a short-sighted analysis.. What has nnpc done? Since its inception? We can't even manage a simple refinery and you're here saying whites should go. If not for them, I put it to you that we can't even mine our own oil..

17 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Gbengee: 10:55pm On Oct 29, 2019
Montracine:
Chevron Quitting Nigeria To Focus On Shale Back Home


Sources said that it has started discussing with buyers to sell some of its onshore and near offshore assets in Nigeria.

Chevron is divesting itself from oil fields in Nigeria for the shale fields in New Mexico and Texas.

Sources told Reuters that it has started discussing with buyers to sell some of its onshore and near offshore assets in Nigeria.
Information on the firm’s website shows that it has a 40 per cent stake in eight offshore oil blocks with the Nigeria National Petroleum Corporation, which holds a 60 per cent stake in the fields.

The company, which is Nigeria’s third largest oil producer, was delivering 194,000 barrels per day, 233m cubic fit of natural gas daily and 6,000 barrels of liquefied petroleum gas as at 2018.
Chevron will not do tenders for any of the assets it intends to sell.

Reuters reports that the company joins Royal Dutch Shell and Exon Mobil in divesting itself of fossil fuel assets in the country.

http://saharareporters.com/2019/10/29/chevron-quitting-nigeria-focus-shale-back-home?fbclid=IwAR0xRzKcRZ6DfG5xhqSUsoc_F_pCHprUkh3f5WsG6ZIfr8ST7lxH-Ik7juk


Bye bye
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Josh44s(m): 10:56pm On Oct 29, 2019
Those of you saying good news na wa o. I marvel at the level of stupidity so many people exercise in public forum. How many things have been left to Nigerians to run on her own and we couldn’t? We were even set free by the whites to govern ourselves and look at where we are since 1960? Ordinary border closed by the walking corpse we have a leader because foreign rice was sold for 17,500 highest price in major city, today Nigerian rice is sold for 26,000 naira now. Nigeria is on a self destruct nuclear time bomb waiting to detonate. Who have access to leave this country should do it now. The only way to save every living being inhabiting this nation is DIVISION.

16 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Gerrard59(m): 10:56pm On Oct 29, 2019
weslay:
Chevron is pulling out because it is no longer in their best interest to operate in Nigeria.
Do we have Nigerian firms that can sufficiently take over their operations?
For a country that still rely on other countries to fix it's roads, I doubt.
Our leaders need to realize that oil will not be here forever. They need to wake up and take adequate actions because the socioeconomic crisis in Venezuela will be child's play when our wells run dry.

Seplat, Eland, Seven Energy etc.

1 Like

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by InvertedHammer: 10:57pm On Oct 29, 2019
/
It would have been a good news but when you consider NITEL, NEPA or Ajaokuta steel and how incompetent cum nonchalant Nigerians can be in terms of assets management, one cannot help but shudder.

/

6 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Badb0y4lyf(m): 10:59pm On Oct 29, 2019
iamJ:
Google aramco


It's a nationally owned oil company


Stop depending on whites


It's 2019 not 1929


All these companies were taking our money elsewhere


Better they left self

What is this one saying did Aramaco discover oil infact it was useless and will be useless if not for the white education the current phone you type on was made by the white so what are you saying ??

3 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Heffalump(m): 11:01pm On Oct 29, 2019
I expected Chevron to have left Nigeria since because of the maltreatment of one particular ethnic Tribe, Itshekiri who think that the Company belongs to their ancestors undecided
These guys are very heartless, the reason why Ijaws don't want to see them eye-balls to eye-balls. One wonders why Chevron, an international company could be hijacked by this people both in recruitment and job placement, and royalty entitlements. embarassed
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by OLAJADON: 11:03pm On Oct 29, 2019
sassysure:
This got to be a joke shocked shocked
(Saw it on Sahara reporters too)
Na so naija go take die?

If chevron is leaving, one of the major oil companies in Nigeria, pls tell me, who again will remain?
Shell?

It is finished.
See what bad govt has caused one of the best countries in the world?

All u ethnic and religious zealots, hope u are happy now?

u are a disgrace to humanity, inferiority complex will not kill u. all this I wanna do and be like white.

2 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by abdul824: 11:07pm On Oct 29, 2019
After evading tax for so many years..they're about to be brought to book, they want to flee. No matter where you goo, remember the road that will lead you to court grin

6 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by 2018PROFSUNDAY: 11:08pm On Oct 29, 2019
Again. Bar man give me Twelve bottles of wine please
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by yusufusman060: 11:08pm On Oct 29, 2019
What about their scholarship?

1 Like 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Balenciagabrain: 11:10pm On Oct 29, 2019
That was what we said when we chased white people out of our country in the name of independence. Stop pretending like you do not know how we run our own to the ground.
iamJ:
Google aramco


It's a nationally owned oil company


Stop depending on whites


It's 2019 not 1929


All these companies were taking our money elsewhere


Better they left self

2 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by sulaak(m): 11:12pm On Oct 29, 2019
Chevron is trying to avoid paying the $62 billion back pay. Buhari government is now pivoting to the East (Russia) and China,

3 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by chloride6: 11:13pm On Oct 29, 2019
Story!

You cannot sell assets with the express permission of the FG.

The FG will never let chevron leave..

grin

Besides people dont read...

The article said some assets including near offshore and offshore..

Didnt say anything like the real money spinners for Chevron such as Agbami..

It's just a sensational news headline..


Nigeria needs the technological input of IoCs.

Bye!

2 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by chloride6: 11:13pm On Oct 29, 2019
Charmingrascal:
For those who are truly educated and know economics and know what we stand to gain as a country


It's a pipe dream though





























This is a good news
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by kelvinovie(m): 11:14pm On Oct 29, 2019
iamJ:
Google aramco


It's a nationally owned oil company


Stop depending on whites


It's 2019 not 1929


All these companies were taking our money elsewhere


Better they left self
Then why is Buhari still travelling up-and-down to seek for foreign investors to come to invest in Nigeria.

3 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by ruggedtimi(m): 11:16pm On Oct 29, 2019
Thats if the govt will not sell those blocks to cronies.
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by meekah: 11:19pm On Oct 29, 2019
sassysure:
This got to be a joke shocked shocked
(Saw it on Sahara reporters too)
Na so naija go take die?

If chevron is leaving, one of the major oil companies in Nigeria, pls tell me, who again will remain?
Shell?

It is finished.
See what bad govt has caused one of the best countries in the world?

All u ethnic and religious zealots, hope u are happy now?

Chevron is leaving not because not really because of any bad government of their heart is with shale oil in their homeland, bro read with understand okay

3 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by chronique(m): 11:20pm On Oct 29, 2019
I marvel at the comments of those who see this as a very good news. People are mentioning Nigerian oil companies that are into oil drilling and exploration and I just want to ask just one question. How many of the Nigerian companies drilling/exploring oil in Nigeria has created as much value in the oil sector and to the society at large as much as the foreign oil companies? The issue isn't about whether indigenous companies can carry on, but whether they would operate with the same kind of professionalism that a chevron would operate with. No doubt, their exit could open up opportunities for the indigenous firms but what I doubt is if they would be as solidly run as chevron.

9 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by nakaman: 11:21pm On Oct 29, 2019
I have to quite reading news until buhari dies

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