APC has destroyed this country kpata-kpata! Nigerians who still don’t see the abyss they’re dancing blindly into by supporting incompetence should ask themselves why oil companies that have been here since before independence are all suddenly running from a supposedly oil rich nation?

forgiveness:
“We want to divest our share of SPDC, and we are looking to reshape the portfolio. Fundamentally it’s because producing this oil in the Niger Delta is not in line with our (Health, Security and Environmental) policies, it’s a real difficulty,” Patrick Pouyanne,

See them. They didn't take note of the comment above.

The French are not interested in obeying Nigeria laws. They develop these oil wells without taken consideration of the environment. They destroyed the ecosystem will oil spillage and leave like that.

Now that laws are in place to check them, they don't want to continue because they were never interested in keeping the environment in good shape.

You people talk like ignoramus.

Which community can allow operation in their backyard without adequate compensation. Do you think this rural community people are stupid. Do you know how much get paid to them annually and how many of their indigene get employed as compensation yet those money get squandered by corrupt community leaders. And everyone come and act like this babaric companies are out their oppressing the indigenes on their soil.

Hmmm

Multinationals leaving our country is an advantage for the country, because now they will have to sell the entire business to Local players.

These IOC’s are evil! They pillage the environment without a care in the world. They have been drilling oil for decades and sending almost all of it to the European market, then turn around and also hoard the forex accrued from the Govt, then repatriate all of that Forex to their respective countries.

At least with local players, their is a chance of continuous investments on the upstream oil and gas industry, and Forex will be retained in-country. Which means more Local millionaires and billionaires created, more revenue for the Govt. More local jobs created.

God bless Nigeria 🇳🇬

Racoon:
The ill ripple effects of the clueless leadership on ground is really gonna take its toll on the Nigerian economy though it is known that these Anglo companies are parasitic leeches milking this nation dry.

This is FALSE. This has nothing to do with Tinubu and his policies. Producing crude oil from onshore oil rigs is the most dangerous job in the world. That's why rig workers are well paid. The news story made that clear. Besides, the Niger Delta militants, pirates and pipeline vandals have made such businesses tough too.

They removed fuel subsidy and devalued naira to attract foreign investors, none has been attracted in 9months, and they ones we have leaving in doves, apc is cursed from pit of hell

All those that put us in these mese ,una life will b like Nigeria

Offshore work is safer and they keep all the profit. The boys on the ground know how to vandalize pipes and refine crude. They pollute the environment and then cry foul that the companies are the culprits. Every affair on the high seas can be kept hush hush. In case of pollution, workers can be threatened with their jobs not to expose the mess. Trust me, the men working in the field will keep quiet so far their immediate families are not affected.

Thats more job lost, omo that man ot woman wen no invest wen dey stay 5m naira flat, e wan begin red for u

Enjoy your weekend

blacknp:
It is local content takeover, go and bid to buy their assets, and stop complaining.

People like you have nothing to add to Nigeria.

They are just useless and only exist to lament in their life.

They have never in their life contribute to anything in Nigeria,

The company is available for bid but non of his family can join the bid,

But, they can only lament and whine

It is well

The exit of the IoCs started during Buhari era and its not new. If i was the CEO of any of this entities, i'd have sold off a long time ago.

1. These guys pay 85% Petroleum profit tax.
2. They pay 3% NDDC levy on their budget
3. Add another 3% Host Community development fund
4. NCDMB levy, education tax and myriads of others.
5. Yet they have to still provide jobs to indigenes, communty contracts, scholarships, contractor entry fees and all sort of gifts to keep communities at peace.
6. The government is still unable to secure their multimillion dollar assets. So they need hire Community security forces to combat pipeline vandalism, oil spillage, oil theft etc.
7. The same people busting the pipelines turn around and sue them for oil spillage in millions of dollars. These fines doesnt trickle down to the people thatbare really impacted.
8. When will we seat down and ask our leaders what they are doing with the royalties, taxes, fines and levies paid by these IoCs during their stay here?

Lets see how you'll take a local oil companybto US to sue. Good luck trying to sue them in nigeria either.

Dont forget, we sold the power sector to nigerians. We are all "enjoying" the benefit of that decision today

Nawaoooo...see what APC and Tinubu has caused 🙄

forgiveness:
“We want to divest our share of SPDC, and we are looking to reshape the portfolio. Fundamentally it’s because producing this oil in the Niger Delta is not in line with our (Health, Security and Environmental) policies, it’s a real difficulty,” Patrick Pouyanne,

See them. They didn't take note of the comment above.

The French are not interested in obeying Nigeria laws. They develop these oil wells without taken consideration of the environment. They destroyed the ecosystem will oil spillage and leave like that.

Now that laws are in place to check them, they don't want to continue because they were never interested in keeping the environment in good shape.

What you said is not true. They are actually interested in the HSE of the area. The issue here is that it is becoming heavily expensive for them to continue in onshore business because of the restiveness of the area the excessive taxation from state and local government agencies, the vandalism of their infrastructure and community issues. The statement is just them being political as usual.

They have stolen Nigeria dry and rendered the country useless through capital flight, now they are leaving. Ti idi ba baje, ti oni idi lo da. Nigeria has nothing to offer them again, hence the Japa

Racoon:


https://www.premiumtimesng.com/business/business-news/667118-totalenergies-to-exit-nigerian-onshore-oil-business.html?utm_campaign=twitter&utm_medium=twitter&utm_source=twitter

Because government is blocking all the places they are stealing from now they want to sale their shares. Bad market.

APC has destroyed this economy and country

Tinubu is a bastard drug dealing vagabond
Remi na ashawo
Shetima na terrorist
Fashola is a tout
sanwo olu is a criminal drug sniffing bastard
Gbaja na scammer
Bayo is a fool
Ajuri ngalielie is a fraudster
Keyamo na pig
Wike is a drunk

God bless SE, SS,SW,MB,N
thunder scatter Apc

TINUBU WILL RUN AND LEAVE THAT PRESIDENCY HE STOLE VERY SOON.


NAIRA WILL NOT ONLY REACH 2000 TO 1 DOLLARS BUT 5000 TO 1 DOLLARS.



NO INVESTMENTS AND THOSE THAT HAVE BEEN HERE FOR DECADES ARE LEAVING AND LEAVING FAST.

kasie1:
Quite unfortunate

No, there's nothing unfortunate about it.

That decision will save lives.

Drilling crude oil and gas in the middle of water is the most dangerous job in the world. That's partly why oil workers are paid handsomely.

If they experience fire outbreak, workers rarely make it alive. That's why they go for safety training and follow strict HSE guidelines.

TotalEnergies has made a good decision. They are not leaving Nigeria. They will sell off their onshore rigs and divest in Nigeria's gas sector. The money stays in Nigeria, more jobs are created and people don't have to lose their loved ones because they are working risky oil jobs.

Once again, it's a great decision! Those who think they can deal with the inherent risks should buy the onshore equipment and continue prospecting for onshore crude oil.

forgiveness:
“We want to divest our share of SPDC, and we are looking to reshape the portfolio. Fundamentally it’s because producing this oil in the Niger Delta is not in line with our (Health, Security and Environmental) policies, it’s a real difficulty,” Patrick Pouyanne,

See them. They didn't take note of the comment above.

The French are not interested in obeying Nigeria laws. They develop these oil wells without taken consideration of the environment. They destroyed the ecosystem will oil spillage and leave like that.

Now that laws are in place to check them, they don't want to continue because they were never interested in keeping the environment in good shape.

You take like a child. The only reason the French want out is because business is no longer profitable. Mind you, Totalenergies continue to operate in countries with tougher environmental laws than Nigeria.
For businesses, it only boils down to profit. You should be asking, what is making the Nigerian business environment unprofitable and not trying to defend the indefensible.

No Nigerian leader has sought wisdom to see that these Multinationals would want to exit oil and probably move to gas....?
This is where leadership should be hinged......
They will still take us down the colonial path with gas with the help of the very useless and unfortunate people of the land
It's that bad.
We really have an opportunity here, but the leadership is weak and lack wisdom

Amotolongbo:
Everything just dey japa

See this fool, you will rot on that your mandate. Mumu . E neva dey jakpa. Fooool

Faiththatworks:
Another Foreign neo-colonialist company leaves Nigeria after milking and sucking dry all the wealth in the Ground.
I don't know why any right thinking Nigeria will have any hysteria whenever these neo-colonialist companies announce their Depature,as for me I call it bye bye to oyinbo garbage.
I must admit things are very very tough right now in Nigeria,infact there are times I wonder how the poor are surviving in Nigeria.
But we must never despair as Nigerians,this is the time for all Nigerians to unite and forge forward,we must not allow this atmosphere of despair overwhelm us.
It's not rocket science that we have found ourselves in this crippling situation,but this is not the time to sell fear,and hopelessness to the people, I believe Asiwaju's motto of RENEWED HOPE is exactly what we need to preach.
For those who believe that Total is japaing,I daresay you have been scammed, Total is only selling its onshore facilities and relocating offshore where there's no community wahala,indegine quarrel, crude oil stealing and illegal refinery of their crude taking place.
They only relocated their milking and sucking of Nigeria's crude oil to the High waters offshore.
God bless all hard working Nigerians especially those going through this Challenging times.
God bless Nigeria

This one don collect influencer money. unfortunately the value has also decreased.

IrawoKross:
I thought you created this account few days ago to defend Tinubu.

You're not doing so in this thread, why na?

Maybe the exit hit one of the bread winner in the family

They will not take time to read and understand the content before they start wailing now.

IrawoKross:
I thought you created this account few days ago to defend Tinubu.

You're not doing so in this thread, why na?

these guys are clowns 🤡 . suffering but yet defending their suppressor out of tribalism.

Manufacturers are about to start, massive sacking from next month. Because sourcing materials used in production are expensive and scarce.

Expect more youth to feel suicidal, expect a lot of women getting banged to be rebanged and dumped by big boys. Because of their selfish interest to marry a rich man.

This 8 years will sha be a very long one. 😆😆

hisexcellency34:
More job losses 📉

true talk

SoNature:


This is FALSE. This has nothing to do with Tinubu and his policies. Producing crude oil from onshore oil rigs is the most dangerous job in the world. That's why rig workers are well paid. The news story made that clear. Besides, the Niger Delta militants, pirates and pipeline vandals have made such businesses tough too.

Which takes us back to Tinubu and his policies...it is the duty of government to pepper the pirates, millitants, and pipeline vandals.

forgiveness:
“We want to divest our share of SPDC, and we are looking to reshape the portfolio. Fundamentally it’s because producing this oil in the Niger Delta is not in line with our (Health, Security and Environmental) policies, it’s a real difficulty,” Patrick Pouyanne,

See them. They didn't take note of the comment above.

The French are not interested in obeying Nigeria laws. They develop these oil wells without taken consideration of the environment. They destroyed the ecosystem will oil spillage and leave like that.

Now that laws are in place to check them, they don't want to continue because they were never interested in keeping the environment in good shape.

Nigerians think that the West will lift them out of poverty. Nigeria must hold all those IOCs accountable for their pollution of the Nigerian ecosystem.

This is an opportunity for indigenous energy companies to replace these so called multinational