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Nairaland Forum / Nairaland / General / Business / Total Plans To Sell Stake In Nigerian Oil Block (15427 Views)
Shell To Pay 15 Million Euros In Settlement Over Nigerian Oil Spills / Shell Sells Stake In Nigerian Oil Block For $533m / Folorunso Alakija: My Oil Block And How I Became Nigeria's Richest Woman (2) (3) (4)
Re: Total Plans To Sell Stake In Nigerian Oil Block by banio: 8:00pm On Nov 07, 2019 |
I think the oil bill - deep offshore and inland basin Production sharing contract, signed into law, some days ago is making oil majors angry. They are producing below $10 per barrel and are eating alone. Contract and casual workers are used as slaves to maximize their profit. Now that government wants to share the excess profit, the oil majors aren't happy. They are all threatening to quit. Let them go, so others can come in. Greedy Oil majors: Total, Chevron, Agip, Shell etc 1 Like 1 Share |
Re: Total Plans To Sell Stake In Nigerian Oil Block by olatilldend: 8:02pm On Nov 07, 2019 |
Rothschild, you seldom see any major company named Rothschild yet these guys run things everywhere. . . . Food for thought. Be a silent achiever. |
Re: Total Plans To Sell Stake In Nigerian Oil Block by LZAA: 8:03pm On Nov 07, 2019 |
The top dullard in charge depends on oil money yet he's busy chasing away investors Chai sai babarism bad to walahi ne Cc immhotep GMBuharii Afamed Adaibeku 1 Like 1 Share |
Re: Total Plans To Sell Stake In Nigerian Oil Block by Quorax: 8:03pm On Nov 07, 2019 |
crazygod: The white man a sucker for data. They have seen the future. I am sure they don't reveal this to their Nigerian counterparts, just within themselves. They scientist of life and apply this to their daily living. To get ahead, you have to be scientific in nature. 2 Likes |
Re: Total Plans To Sell Stake In Nigerian Oil Block by Quorax: 8:04pm On Nov 07, 2019 |
olatilldend:they are not the oil company but handling the sale of the oil blocks. |
Re: Total Plans To Sell Stake In Nigerian Oil Block by LZAA: 8:05pm On Nov 07, 2019 |
iamswizz:Ur own sai babarism is dangerous Receive sense Cc immhotep GMBuharii 2 Likes 2 Shares |
Re: Total Plans To Sell Stake In Nigerian Oil Block by Taciturn1: 8:13pm On Nov 07, 2019 |
sassysure:We still have a large gas reserve. That's our lifeline |
Re: Total Plans To Sell Stake In Nigerian Oil Block by olatilldend: 8:14pm On Nov 07, 2019 |
Quorax: I never said they are the oil company. Please read my post very well. |
Re: Total Plans To Sell Stake In Nigerian Oil Block by Taciturn1: 8:14pm On Nov 07, 2019 |
Gas may be Nigeria's future, not crude oil 1 Like |
Re: Total Plans To Sell Stake In Nigerian Oil Block by COMPAQ(m): 8:26pm On Nov 07, 2019 |
MelesZenawi: Aren't you yourself tired of Nigeria. |
Re: Total Plans To Sell Stake In Nigerian Oil Block by Japhet31: 8:27pm On Nov 07, 2019 |
@madam deepwater ...what say you? |
Re: Total Plans To Sell Stake In Nigerian Oil Block by Depressed101: 8:30pm On Nov 07, 2019 |
Stalwert:Jesus, bros you wicked o heart shattering insult... 1 Like 1 Share
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Re: Total Plans To Sell Stake In Nigerian Oil Block by jaxxy(m): 9:01pm On Nov 07, 2019 |
ursullalinda: “Nigeria’s vast oil resources have attracted foreign oil companies for decades but changes to the country’s oil revenue laws as well as an unexpected tax levy over the past year could make investments in offshore projects less attractive.” 1 Like |
Re: Total Plans To Sell Stake In Nigerian Oil Block by thundafire: 9:10pm On Nov 07, 2019 |
kutashi:I think u are dey one who is far from reality in case u don't know my uncle was in the Senate and severally have heard him and his crew discuss such,when the pass the local content bill to employ indigenes how many are employed fro the community cs wen big companies dey don't have time to start training new set of workers so dey bring der people bribe dey so called Assembly and get by-passed so shut up |
Re: Total Plans To Sell Stake In Nigerian Oil Block by Nobody: 9:16pm On Nov 07, 2019 |
groovie: After 400 years, man is still heavily reliant on coal, talk more of crude oil that is just about 100 years 1 Like |
Re: Total Plans To Sell Stake In Nigerian Oil Block by FabulousAutos(m): 9:25pm On Nov 07, 2019 |
thundafire: I guess you have something meaningful to say but this your write up is giving me serious headache. 1 Like 1 Share |
Re: Total Plans To Sell Stake In Nigerian Oil Block by Revolva(m): 9:37pm On Nov 07, 2019 |
Eveey investor getting tired of dis gar Damm nation |
Re: Total Plans To Sell Stake In Nigerian Oil Block by Jimi24: 10:54pm On Nov 07, 2019 |
crazygod: They know they are owing Nigeria $61bn. They will make divestment motions to pressure FG pre negotiations. |
Re: Total Plans To Sell Stake In Nigerian Oil Block by bizhop01: 11:19pm On Nov 07, 2019 |
Onyeedum:Are you sure you want use TECHNOLOGY or TERMINOLOGY? |
Re: Total Plans To Sell Stake In Nigerian Oil Block by samorobo: 11:33pm On Nov 07, 2019 |
donprinyo: You are a foolish boy..you adore white too much... We can do whatever it is they've been doing...... |
Re: Total Plans To Sell Stake In Nigerian Oil Block by Dshocker(m): 2:33am On Nov 08, 2019 |
ursullalinda: Of course that was what they were going to say,knowing if they really say the true intentions of selling it,the price wouldn't be above $500m....They aren't benefiting like they did during the PDP regime. |
Re: Total Plans To Sell Stake In Nigerian Oil Block by donprinyo(m): 4:27am On Nov 08, 2019 |
samorobo:Zombie spotted |
Re: Total Plans To Sell Stake In Nigerian Oil Block by ironheart(m): 6:10am On Nov 08, 2019 |
Every oil producing company knows that oil is no longer lucrative. In a few years now, renewable energy is the next level |
Re: Total Plans To Sell Stake In Nigerian Oil Block by EazyMoh(m): 6:40am On Nov 08, 2019 |
I need to read this new PSC agreement. |
Re: Total Plans To Sell Stake In Nigerian Oil Block by isnovic(m): 11:23am On Nov 08, 2019 |
The truth is that, the oil industry is unravelling. The transparency requirement especially in Nigeria opaque operations meant previous profiteering antics will be curbed. Shoddy production measurement and declaration will be eliminated and biased PSC,JV and other production contracts will soon be called-up for review. Again, this is no news. The real news is when the multinationals realized that our Nigerian brothers, previous Directors ,national oil GMDs, EDs and our rich brothers started doing what Shell has always done, Using the FG and their strong connection to take back fields hitherto classified as marginal fields by Shell and other multinationals, that is when they know the game is up and lid fallen off Nigerians eyes. Now, divestment is the game. The truth is that these Multinationals strategist have forecast long before now and they know that when the real recovery of lost revenue from their operations starts, they will find it difficult to operate and will mostly lose asset. So reduce exposure they are divesting and possible backlash they are divesting in the name of strategic business focus. They truth they need places where the margin is more now, that simple. Shell, Chevron and now Total. They are all same. 1 Like |
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