IOCs

2 News

Energy & Oil

Nigeria to Enforce ‘Drill or Drop’ Rule on Idle Oil Assets

The Nigerian federal government has issued a clear directive to International Oil Companies (IOCs): develop your assets or risk losing them. Minister of...

Heads of the NCDMB, NNPC Ltd and five international oil and gas companies after signing the Service Legal Agreement on reducing contracting cycle to 6 months

News

NNPC, NCDMB, IOCs sign deal to reduce contracting cycle to 6 months

In a significant move aimed at enhancing efficiency and reducing costs in the oil and gas sector, the Federal Government of Nigeria has...