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Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria - Politics (3) - Nairaland

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Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by McLizbae: 8:19am On Apr 19, 2021
Tigaromil:
Let's hear what our minister of petroleum has to say. Mr President over to you.

He is not aware jor!
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by Minjim: 8:20am On Apr 19, 2021
Buhari will bury our economy and his supporter will start blaming the next President

2 Likes

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by ojinuocheibi(m): 8:20am On Apr 19, 2021
MrGoood:
You will never understand how economy should work until you jet out and see how it’s elsewhere, Unfortunately the fans of the people dragging this country back don’t know the gravity of the sin they re committing, As a fan of a failure , You re indirectly killing people with your ignorance, O Ye sorry to you, They will still think they re right , wait for them.
my friend but how did we land ourselves in this shit.
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by COMPAQ(m): 8:20am On Apr 19, 2021
lekki1444:
however the bigger picture is that america never used to drill its own environments for oil but now it has started drilling its own environment for oil and so they no longer need to get oil from nigeria and couple that with the fact that the biggest oil refinery in the world is being built in nigeria and will be functional this year so it is no longer viable for them to be here anymore. the new emerging superpower is nigeria and in the future all countries will bring their oil to nigeria to be refined. there is a transfer of global wealth happening and a reversal of fortunes. africa is emerging and so it is no longer viable for the west to be in africa again. its cheaper for them to look for oil in their own backyard now. Also many local nigerians are taking over the drilling game in nigeria and so the competition is stiff.

You have no clue what you are saying!!

1 Like

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by Elsueno: 8:21am On Apr 19, 2021
nakaman:
they already left eket.
the north will not know what they have done to themselves until the oil they have been milking behind our back finally crashes and the east will still progress as business never ends.
I love the maker of this world.

Na Aliens be ur customers abi grin , who u go do business with again if people no get money to buy ur products. Ur biggest customers are the Nigerians u so detest & look down upon. if the economy crashes everybody go feel am
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by CHATMOUGULSBEST: 8:21am On Apr 19, 2021
The truth is that they can’t leave this country, even if they leave that’ll be when the milk “oil” is dried up.
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by NamelessOGBENI(m): 8:22am On Apr 19, 2021
MrGoood:
You will never understand how economy should work until you jet out and see how it’s elsewhere, Unfortunately the fans of the people dragging this country back don’t know the gravity of the sin they re committing, As a fan of a failure , You re indirectly killing people with your ignorance, O Ye sorry to you, They will still think they re right , wait for them.
Ironical...
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by McLizbae: 8:24am On Apr 19, 2021
Nonexistent:
Online writers still use the word "written by" even though we both know they type with keyboard. You see why I keep saying that you BMC zoneBs don't have sense.

As in en! The sense on that guy is not up to that in an empty match box. Tueh!
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by snowball11(m): 8:26am On Apr 19, 2021
A situation where your minister of petroleum was a cattle rustler! grin


What a monumental mess of epic proportions!
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by emonis88: 8:29am On Apr 19, 2021
Daum:
Buhari ruined this country

I know someone, who before 2015 had a suv and a bus for business. He complained about Gej and voted Buhari. He was not hungry then, he was angry of what he said was massive corruption.

Today he treks.
He doesn't complain anymore. He only regrets voting buhari

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by poiZon: 8:29am On Apr 19, 2021
NigeriaIsDoomed:
Nigerians were warned that the walking corpse, fulani illiterate would wreck Nigeria's economy.
prior to 2015, Nigeria's economy was the fastest growing economy in Africa, inflation rate stood at a single digit, exchange rate was 200 to $1, FDI was pouring into the country and etc. unfortunately, today Nigeria is struggling to grow, inflation has gone hyper, naira becoming one of the worst performing currencies in the world, mass exodus of foreign investments, skyrocketing national debts, poverty capital of the world added to Buhari's record, country with the highest unemployment in the world loading and worst of all handing over the country to terrorists who are having a field day unchallenged.
Boko Haram, Iswap, Ansuru, killer fulani herdsmen, bandits, kidnappers, gunmen, ritual killings, yahoo yahoo everywhere.
If he weren't allowed to rule, his miscreants and pigs would be crying by now and disturbing the country about how their personal lord and saviour would have transformed the country into utopia.

I beg to disagree with u on foreign direct investment...
Since the beginning of this administration, fdi has been on steady increase.
Banditry.. That alone has been a regular thing.
Remember zamfara alone has more than 70tausand of them... We dont know the figures in Niger, sokoto or katsina o...

1 Like

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by heendrix(m): 8:30am On Apr 19, 2021
EKONGKING:
Nigeria is on its last legs . These western companies are just seeing writing on wall and are diverting away from oil and from risky region of the world.
Coal used to be king of the fuel in 19 th century,now it's a pale shadow .oil is king in 20 th century ,now sun and wind will the king in 21 st century

We can export Northern scorching sun abroad as another source of revenue
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by BigYash: 8:30am On Apr 19, 2021
ictjobber:
Come 2023 Nigerians go still vote in another gargantuan failure to rule them... That's how useless my countrymen are
You sabi the mumu Nigerians too. They are already canvassing for one old thief ,already lying about his age ,when groove never start grin
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by heendrix(m): 8:33am On Apr 19, 2021
Nonexistent:
Online writers still use the word "written by" even though we both know they type with keyboard. You see why I keep saying that you BMC zoneBs don't have sense.

grin grin
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by snowball11(m): 8:34am On Apr 19, 2021
johnmartus:
Lamentation crying verywell.



This one brain is still cooling at Aso Rock where it's kept until 2023!

Zombism is a curse! undecided

1 Like

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by lekki1444: 8:35am On Apr 19, 2021
COMPAQ:


You have no clue what you are saying!!
why dont you enlighten us oh ye wise one, seeing as you are the sage lipsrsealed
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by helinues: 8:35am On Apr 19, 2021
Masterkernel1:



The school that graduated you don't deserve to be a higher institution, you aren't concerned about the effects on our economy you're still nitted with opposition.

My friend, you are still wailing
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by Nobody: 8:35am On Apr 19, 2021
No oil company to fund Nigeria during this war.....Fulani politicians have to fight it with their looted funds


Soon construction companies will also leave



Soon telecom companies


Security companies then Nigeria is gone

1 Like

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by blasterman(m): 8:35am On Apr 19, 2021
helinues:
No, it's because it's no longer business as usual...

No free money like before..

Opportunity for local investors to up their games

Modified: Wailers have seen news to somersault on.. Na this kind of news they massage their ego.

Hiss!!!

They are looking at more environmental friendly energy sources. Oil is going to be a thing of the past in 10-20 years.

just start to imagine a future with electric cars and hydrogen driven cars.


hydrogen fission can produce the same energy as oil .
and hydrogen can be manufactured or sucked out of the air

1 Like

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by iwaeda: 8:35am On Apr 19, 2021
owobokiri:
My anger is that shell and other socalled oil majors are busy selling off oil blocks given to them by the federal government to develop to other oil exploration companies, whimsically, as if those OPL belongs to them! They have made billions of dollars this way and the fact that the federal government stands hands akimbo, doing nothing to stop this generational heist is simply stunning!

The oil wells belong to the country and not the oil companies! If they want to elope with the much they have already looted(we always hear they want to divest and run away, but they're always here to suck us dry), they can do so without auctioning off the countrys oil resources to the highest bidders and pocketing the money while living the Niger Delta as the most polluted place on planet earth!
It's Evil! The height of economic terrorism..

They bought, invested their money, pay royalties to government and communities. Do CSR. Now they are selling off their assets, you are complaining. No business survive in a climate like ours!

1 Like

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by heendrix(m): 8:37am On Apr 19, 2021
Daum:
Buhari ruined this country

I know someone, who before 2015 had a suv and a bus for business. He complained about Gej and voted Buhari. He was not hungry then, he was angry of what he said was massive corruption.

Today he treks.
He doesn't complain anymore. He only regrets voting buhari

Everyone who voted Buhari must chop am one after the other. our church leader to was like God told her to come Jonathan but she hate him n later voted Buhari. to cut the long story short her position she was supposed to be promoted to was given to a Fulani boss that knows nothing on the other hand she's like a servant under him

They must all chop it thank God me I've always smiled since 2015

1 Like

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by BSF: 8:38am On Apr 19, 2021
owobokiri:
My anger is that shell and other socalled oil majors are busy selling off oil blocks given to them by the federal government to develop to other oil exploration companies, whimsically, as if those OPL belongs to them! They have made billions of dollars this way and the fact that the federal government stands hands akimbo, doing nothing to stop this generational heist is simply stunning!

The oil wells belong to the country and not the oil companies! If they want to elope with the much they have already looted(we always hear they want to divest and run away, but they're always here to suck us dry), they can do so without auctioning off the country's oil resources to the highest bidders and pocketing the money while living the Niger Delta as the most polluted place on planet earth!
It's Evil! The height of economic terrorism..

who can amplify this voice? Oh!, if the people realized the harm being done to them; then they will arise and rescue their battered commonwealth from the heist carried out by IOCs and their ilks. But, No; the people look on, praying and hoping that rescue will come; but the Almighty God looks down in disbelief at their crass ignorance, not knowing that God will not do for a people what they are supposed to do with their God-given Brain. Nigeria will rise!
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by OnlyDeCapPlease(m): 8:39am On Apr 19, 2021
NigeriaIsDoomed:


https://thenationonlineng.net/why-shell-chevron-other-oil-majors-are-leaving-nigeria/

They want easy money.

There are so many Nigerians capable of operating those oilfields. Its in these Nigerian's interests that the environment is hostile for these oil majors so that they can capitalize on distress sell offs. I won't go as far as saying that these Nigerians are actively encouraging it though.

1 Like

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by iwaeda: 8:40am On Apr 19, 2021
lekki1444:
here is a local investor making big waves in drilling oil

http://www.shorelinenaturalresources.com/new/

Do you know why most oil majors are divesting? Oil may not serve us again as it used to do! The cost of drilling oil is one of the highest in the world.
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by sulaak(m): 8:40am On Apr 19, 2021
helinues:
No, it's because it's no longer business as usual...

No free money like before..

Opportunity for local investors to up their games

Modified: Wailers have seen news to somersault on.. Na this kind of news they massage their ego.

Hiss!!!

The writing is on the wall, Nigeria is a difficult place to do business do with their Buharinomics. I have no time for the IOC, any civilized country would have kicked Shell out of Nigeria.
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by ogbonti: 8:41am On Apr 19, 2021
EKONGKING:
Nigeria is on its last legs . These western companies are just seeing writing on wall and are diverting away from oil and from risky region of the world.
Coal used to be king of the fuel in 19 th century,now it's a pale shadow .oil is king in 20 th century ,now sun and wind will the king in 21 st century


That EndSARS protest was the premonition of what is to come - a dress rehearsal of the raw deal coming sometime between now to 2023

These guys have taken a comprehensive risk assessment of Nigeria and concluded - It's time to go!!!
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by 9jaRealist: 8:41am On Apr 19, 2021
NigeriaIsDoomed:

https://thenationonlineng.net/why-shell-chevron-other-oil-majors-are-leaving-nigeria/

Every so often, someone dredges up and writes a version of this same crap...
The nature of businesses and different industries (especially hydrocarbon-based) is changing globally.

In Nigeria, unlike Angola, São Tomé (where Nigerians have a significant presence in the oil sector), Gabon, etc...
Nigerians and Nigerian companies have developed a significant role in the sector - both downstream, midstream and upstream.

Thus, while in these other countries, oil and gas is an ENCLAVE economy (run by Oyibo and with little linkage to the local economy)...
In Nigeria, Nigerian companies and Nigerians are involved in virtually all aspects of the sector (upstream, midstream and downstream)!

The local content law in Nigeria has increased in-country and indigenous participation, and deepened linkages to the local economy...
It really pains me when Nigerians/Africans measure their own self-worth by Oyibo validation. Every challenge is an OPPORTUNITY!

>

1 Like

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by TheEnygma(m): 8:41am On Apr 19, 2021
helinues:
No, it's because it's no longer business as usual...

No free money like before..

Opportunity for local investors to up their games

Modified: Wailers have seen news to somersault on.. Na this kind of news they massage their ego.

Hiss!!!
Sometimes if you don't have anything reasonable to say, just shut up.... Even the idiotic BBQ meat man doesn't enter threads like before anymore probably because he might be starting to receive sense.

1 Like

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by lekki1444: 8:42am On Apr 19, 2021
iwaeda:


Do you know why most oil majors are divesting? Oil may not serve us again as it used to do! The cost of drilling oil is one of the highest in the world.
thats one of many reasons
Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by Nobody: 8:42am On Apr 19, 2021
Bill Gates is moving towards nuclear energy. He calls it clean power. Lol. Elon Musk is about electric cars. Even Benz has entered the market. The only person blocking it was Trump. And he is out of the way. So, what do you expect? Trump can NEVER return to the US a president because they will block him after what he did with his first term. All his friends in the crude oil and gas industry are losing the game already. It doesnt mean I like or hate Trump. I'm just saying what the trend is presently. The market is no more in Africa. The only way out is for the giant of Africa to pick up fast. We cannot get anytning done under Buhari as he is not smart. I dont even understand how he became a general in the army. That guy's head is blocked.

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Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by Jman24(m): 8:47am On Apr 19, 2021
lekki1444:
however the bigger picture is that america never used to drill its own environments for oil but now it has started drilling its own environment for oil and so they no longer need to get oil from nigeria and couple that with the fact that the biggest oil refinery in the world is being built in nigeria and will be functional this year so it is no longer viable for them to be here anymore. the new emerging superpower is nigeria and in the future all countries will bring their oil to nigeria to be refined. there is a transfer of global wealth happening and a reversal of fortunes. africa is emerging and so it is no longer viable for the west to be in africa again. its cheaper for them to look for oil in their own backyard now. Also many local nigerians are taking over the drilling game in nigeria and so the competition is stiff. couple that with the fact that the use of oil is now being seing as a dinosaur when other energy avenues are cropping up everyday



Stop dreaming.
Nothing can function in a country with questionable constitution(decree).

1 Like

Re: Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria by Tcwork: 8:48am On Apr 19, 2021
helinues:
No, it's because it's no longer business as usual...

No free money like before..

Opportunity for local investors to up their games

Modified: Wailers have seen news to somersault on.. Na this kind of news they massage their ego.

Hiss!!!
Wow. You are very funny. Look businesses do not look for free money, they look for profit. Whenever a company is pulling out of a country it's because it's business is less profitable.
And honestly, every one that care about Nigeria should be a Wailer Our country is becoming worse each day There i's hunger in the land. Local businesses are packing up. Foreign businesses are leaving. This is not a time to cheer stupidity but to come together, pray for better leaders and correct the mistakes of the past.

1 Like

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