This paper x-rayed the dilemma of Niger-Delta Region as oil producing states of Nigeria. By extension, the criminal neglect of the entire region was highlighted, and the various approaches to the de-development of the region were stated. The impressionistic efforts made by the Federal Government...
SEEPCO reinforces commitment to planting 10,000 trees annually in Nigeria Read More SEEPCO abides by the law of the land, re- affirms its commitment to employee welfare Read More Extensive Years of Experience in Exploration We leverage innovative technology to meet evolving energy needs. ...
Nigeria also has the largest natural gas reserves in Africa. Given its production, Nigeria ranks #14 on our list of Top 20 Oil Producing Countries in 2022.
While most Middle Eastern oil-producing nations are left with curtailed spending on government and social programs, some countries like Iran and Iraq are on the brink of social unrest if prices continue to fall. Nigeria derives nearly 9% of its GDP from oil export. It is also the most popul...
Nigeria2,258 Qatar802 Saudi Arabia8,857 UAE2,448 Venezuela2,488 In 1956, Hubbert proposed that over time crude oil production in a country would follow a bell-shaped curve, with a peak production at a particular time and a decrease with further time. Nine major large oil-producing countries...
The oil industry has affected Nigeria in a variety of ways and fashioned a remarkable landscape of economic disparities unparalleled in the other parts of Africa. Instead of turning into one of the most prosperous states on the African continent, Nigeria has become addicted to oil money, which ...
Oil and Gas in Indonesia Investment and Taxation Guide July 2023, 12th Edition www.pwc.com/id Photo source: PT Pertamina (Persero) Cover photo courtesy of: PwC DISCLAIMER: This publication has been prepared for general guidance on matters of interest only, and does not constitute professional ...
Nine of these countries are exceptionally vulnerable, standing to lose over 60 per cent of their total revenue – not just oil and gas dollars – by 2040. Of those countries, five are in Africa – including Nigeria, which has a population of more than 200 million people. ...
Fearon and Laitin (Citation2003), drawing on the work of rentier state theorists (e.g. Karl, Citation1997), argue that oil states are more likely to have weak state structures because they have less need to create strong bureaucracies to raise revenue. Weak state structures, in turn, can...
However, technology in itself does not find oil or gas fields; it frequently requires the personal knowledge and inspiration that is the mark of a true explorer to discover some of the major new exploration plays in such areas as Equatorial Guinea, Angola, Nigeria, Trinidad, the Gulf of ...