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Nairaland Forum / Nairaland / General / Business / Savannah Petroleum Acquires Seven Energy International Limited (20199 Views)
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Re: Savannah Petroleum Acquires Seven Energy International Limited by chrisxxx(m): 3:36pm On Nov 15, 2019 |
Spontaneous007:A rich guy in Nigeria is a big boy in UK. Ordinary citizen UK may be homeless. |
Re: Savannah Petroleum Acquires Seven Energy International Limited by fatymore(f): 3:38pm On Nov 15, 2019 |
shidof:yes Sir |
Re: Savannah Petroleum Acquires Seven Energy International Limited by jimyjames(m): 3:42pm On Nov 15, 2019 |
Some people from the south West always talk down on South East that South East has no mineral resources and I laugh at their ignorance, one thing they don't know is that oil was discovered in a huge commercial quantity in South East, but for fear of Biafra, federal government put those areas on a strategic reserve, 90% of South East oil hasn't been touched the oil in South East will be equal to that of niger Delta if fully explored 1 Like |
Re: Savannah Petroleum Acquires Seven Energy International Limited by Jarus(m): 3:46pm On Nov 15, 2019 |
olowoba2: No idea. Please refer to official communication here.
1 Like |
Re: Savannah Petroleum Acquires Seven Energy International Limited by Jarus(m): 3:49pm On Nov 15, 2019 |
jimyjames: Southeast in this sense means "South East of Niger Delta", not the geopolitical South East. The company's assets are in Akwa Ibom state which is still South South (geopolitically) but South East of Niger Delta. That said, there are oil assets in the geopolitical South East too (eg Anambra Basin). 2 Likes 1 Share |
Re: Savannah Petroleum Acquires Seven Energy International Limited by gaetano: 3:54pm On Nov 15, 2019 |
Jarus: Geographically akwaibom is located in the southeast. The one we have here is political division. They are referring to it geographically 1 Like |
Re: Savannah Petroleum Acquires Seven Energy International Limited by Jarus(m): 3:55pm On Nov 15, 2019 |
gaetano: Nah It is SE of the Niger Delta. |
Re: Savannah Petroleum Acquires Seven Energy International Limited by banio: 4:19pm On Nov 15, 2019 |
voltron14: The production cost per barrel for most oil firms is below $20. While they sell above $50. So they make over profit. They and the Nigerian government are just too exceptionally greedy. Otherwise 90% of oil casual workers are supposed to be staffed, with full healthcare and pension benefits. So don't be deceived, oil companies are making it. |
Re: Savannah Petroleum Acquires Seven Energy International Limited by jimyjames(m): 4:21pm On Nov 15, 2019 |
Jarus: Are you aware 2 south East States Abia and IMO are part of Niger Delta? Yes it was added by president Obasanjo, including Benin and Ondo are all Niger Delta In the 70s oil was discovered in large quantity in Anaku town and Anambra basin but was put on strategic reserves by FG the oil in both Abia and imo hasn't been explored to its full potential, the crude oil in ebonyi has even been scratched 1 Like |
Re: Savannah Petroleum Acquires Seven Energy International Limited by voltron14: 4:22pm On Nov 15, 2019 |
banio: Stop pulling figures you cannot corroborate yet passing it around as fact. |
Re: Savannah Petroleum Acquires Seven Energy International Limited by ajl: 4:23pm On Nov 15, 2019 |
"The firm said its liquidity was severely affected by a range of external factors, including loss of material cash flow from its Strategic Alliance Agreement since February 2016 because of recurrent militant activity that resulted in the closure of Forcados export terminal , and a significant backlog of unpaid invoices relating to the supply of gas to federal and state -owned power stations." See what Nigerians did to a Nigerian company. Now the company has been bought over by a foreigner. I guess the militants are happy now. There will be Britons to kidnap. Lazy set of people. |
Re: Savannah Petroleum Acquires Seven Energy International Limited by banio: 4:39pm On Nov 15, 2019 |
voltron14: So you think oil multinationals will display their facts on internet or You expect me to show you clandestined documents. Anyways for your information, oil companies are threatening to quit not because of profit but greed. Aren't you aware of the Offshore and inland basin Production sharing contract signed recently by Buhari in England. Please find out the details of the production sharing contract. You will know that production is below $20 per barrel |
Re: Savannah Petroleum Acquires Seven Energy International Limited by Danaire(m): 5:21pm On Nov 15, 2019 |
UK - British...Colorizing Africa; particularly, Nigeria since the Day she was discovered on planet Earth. |
Re: Savannah Petroleum Acquires Seven Energy International Limited by Edicoco(f): 5:38pm On Nov 15, 2019 |
Liquid soap production.. you can go online for various recipes in Nigeria fatymore: |
Re: Savannah Petroleum Acquires Seven Energy International Limited by VULCAN(m): 5:42pm On Nov 15, 2019 |
Ignorance is a disease. So there are still people in 2019 that believe every single headline that they read. Jisos! Let me educate you. This coy belongs to kola aluko who siphoned at least a billion dollars of our money and ran away mid 2014. He is still on the run Pls grow up and stop depending on fake headlines to discover what is happening under your nose ajl: |
Re: Savannah Petroleum Acquires Seven Energy International Limited by Laren24(m): 5:47pm On Nov 15, 2019 |
As a nation all this kind of report should worry us, 'cause we need to be promoting privatization and indigenization, we can't afford all this companies founded outside the country taking over our industries here. They can come over and start businesses but not taking over most of our indigenous company. The government needs to put in place policies, financial assistance to indigenous companies to assist them. |
Re: Savannah Petroleum Acquires Seven Energy International Limited by executive12: 5:51pm On Nov 15, 2019 |
Compromised Supreme court. Shame on the sharia chief justice. |
Re: Savannah Petroleum Acquires Seven Energy International Limited by fatymore(f): 6:11pm On Nov 15, 2019 |
Edicoco:thanks edi |
Re: Savannah Petroleum Acquires Seven Energy International Limited by gnykelly(m): 6:57pm On Nov 15, 2019 |
ajl: like the narrative said the company heavily supplied a particular set of customers that is notorious for not paying her supplier on time and was further constrained by inability to export to other customers... moral of the story do not rely on one customer and always have options for critical lifeline.. I'm much interested in the price it was sold for. |
Re: Savannah Petroleum Acquires Seven Energy International Limited by gnykelly(m): 6:59pm On Nov 15, 2019 |
Laren24: is the same government /customers that crash it by not paying ontime |
Re: Savannah Petroleum Acquires Seven Energy International Limited by 9jaRealist: 8:56pm On Nov 15, 2019 |
playboy19: VULCAN: Seven Energy is majority-owned by Phillip Iheanacho. Aluko is a minority owner... > |
Re: Savannah Petroleum Acquires Seven Energy International Limited by 9jaRealist: 9:09pm On Nov 15, 2019 |
banio: IOCs in Nigeria have some of the most bloated staff profiles globally... IOCs carry way TOO MANY local "yoots" on their books, some of whom do not even bother to show up for work (in which case the self-anointed "yoot-leaders" collect their pay monthly on their behalf...wink,wink). Added to the NDDC tax (or euphemistically labelled a 'contribution'), the Education Tax, the Corporate Tax, the Petroleum Profit Tax, and the various Community MOUs, it is not surprising that many of the major IOCs are reducing their exposure to Nigeria, if not divesting altogether. Sadly, Nigeria and many Nigerians have a "penny-wise, pound-foolish" mentality. > 1 Like |
Re: Savannah Petroleum Acquires Seven Energy International Limited by Jarus(m): 11:25pm On Nov 15, 2019 |
jimyjames: Oga, the fields being referred to in this news are in Akwa Ibom state. You can't know more than me on this piece of news because I'm part of the subject matter. On Anambra Basin, if you read my earlier posts on this subject, you will see me mention Anambra Basin. |
Re: Savannah Petroleum Acquires Seven Energy International Limited by Jarus(m): 11:28pm On Nov 15, 2019 |
VULCAN: No, the company does not belong to Kola Aluko. He exited in 2011 to found another company, Atlantic Energy, which has since collapsed. 1 Like |
Re: Savannah Petroleum Acquires Seven Energy International Limited by Legendguru: 12:56am On Nov 16, 2019 |
Hmmm |
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