dat9jaguy:


Mr too know, I talk to you?

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

Chuksaluta:


It amazes me how someone without an idea of how things works confidently and authoritatively write this up, only to show their emptiness.

lekki1444:
well do elucidate oh ye wise sage

Chuksaluta:

The summary from the article is the PIB that has not been passed, the bill would make investment in O&G not much profitable as it is today for the IOC. Investment in O&G is long term and they are not willing to invest with uncertainty about the PIB, that's the reason they rather invest in other countries with clear regulations.
About local Nigerian companies taking over the industry, it is mostly onshore. Offshore is capital intensive and very risky for some of the local players. This is where the IOC comes in.
Your point about other countries bringing their oil to Nigeria was really absurd and empty.

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.

lekki1444:
the bolded, thats the future. and they see it. the biggest oil refinery in the world located in nigeria and all these local offshore drillers on the increase in nigeria ? they see the writing on the wall. and yes its local offshore not onshore. i posted a local company that drills and produces 55000 barrels of oil a day. click the link
http://shorelinenaturalresources.com/

udemzyudex:


No vex oo

Chuksaluta:


Dangote 650kbopd refinery will be number 7 in the world when completed
https://en.m.wikipedia.org/wiki/List_of_oil_refineries

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!!!

No free money like before..

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

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

7lives:


Your head correct.

blasterman:


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

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!!!

uuzba:

So we don't have capacity to pump oil but we have capacity to drive cars?
Which kind of long throat is this?
Let them all leave and leave us with no more crude oil.
Either we learn to extract it ourselves by force, or we carry pan on our head continue trekking as we were doing before colonisation.
Nonsense.

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!!!

Chuksaluta:


It amazes me how someone without an idea of how things works confidently and authoritatively write this up, only to show their emptiness.

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

Nonexistent:
Do you ever use your brain before you use your pen?

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!!!