Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,207,287 members, 7,998,457 topics. Date: Saturday, 09 November 2024 at 04:08 PM

Chevron To Leave Nigeria To Focus On Shale Back Home - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Chevron To Leave Nigeria To Focus On Shale Back Home (51062 Views)

Exxonmobil, Shell, Chevron To Withdraw $3bn Suits Against NNPC / Chevron To Leave Nigeria / Chevron Quitting Nigeria To Focus On Shale Back Home (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Chevron To Leave Nigeria To Focus On Shale Back Home by Montracine: 6:55pm On Oct 29, 2019
Chevron Quitting Nigeria To Focus On Shale Back Home


Sources said that it has started discussing with buyers to sell some of its onshore and near offshore assets in Nigeria.

Chevron is divesting itself from oil fields in Nigeria for the shale fields in New Mexico and Texas.

Sources told Reuters that it has started discussing with buyers to sell some of its onshore and near offshore assets in Nigeria.
Information on the firm’s website shows that it has a 40 per cent stake in eight offshore oil blocks with the Nigeria National Petroleum Corporation, which holds a 60 per cent stake in the fields.

The company, which is Nigeria’s third largest oil producer, was delivering 194,000 barrels per day, 233m cubic fit of natural gas daily and 6,000 barrels of liquefied petroleum gas as at 2018.
Chevron will not do tenders for any of the assets it intends to sell.

Reuters reports that the company joins Royal Dutch Shell and Exon Mobil in divesting itself of fossil fuel assets in the country.

http://saharareporters.com/2019/10/29/chevron-quitting-nigeria-focus-shale-back-home?fbclid=IwAR0xRzKcRZ6DfG5xhqSUsoc_F_pCHprUkh3f5WsG6ZIfr8ST7lxH-Ik7juk

10 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Nobody: 7:02pm On Oct 29, 2019
This got to be a joke shocked shocked
(Saw it on Sahara reporters too)
Na so naija go take die?

If chevron is leaving, one of the major oil companies in Nigeria, pls tell me, who again will remain?
Shell?

It is finished.
See what bad govt has caused one of the best countries in the world?

All u ethnic and religious zealots, hope u are happy now?

323 Likes 24 Shares

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by iamJ(m): 7:06pm On Oct 29, 2019
sassysure:
This got to be a joke shocked shocked
(Saw it on Sahara reporters too)
Na so naija go take die?

If chevron is leaving, one of the major oil companies in Nigeria, pls tell me, who again will remain?
Shell?

It is finished.
See what bad govt has caused one of the best countries in the world?

All u ethnic and religious zealots, hope u are happy now?

Google aramco


It's a nationally owned oil company


Stop depending on whites


It's 2019 not 1929


All these companies were taking our money elsewhere


Better they left self

365 Likes 24 Shares

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Charmingrascal(m): 7:23pm On Oct 29, 2019
For those who are truly educated and know economics and know what we stand to gain as a country




























This is a good news

174 Likes 11 Shares

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by okosodo: 7:31pm On Oct 29, 2019
Buharis body odour is working wonders

47 Likes 3 Shares

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Johnnyessence(m): 7:39pm On Oct 29, 2019
Montracine:
Chevron Quitting Nigeria To Focus On Shale Back Home


Sources said that it has started discussing with buyers to sell some of its onshore and near offshore assets in Nigeria.

Chevron is divesting itself from oil fields in Nigeria for the shale fields in New Mexico and Texas.
Sources told Reuters that it has started discussing with buyers to sell some of its onshore and near offshore assets in Nigeria.
Information on the firm’s website shows that it has a 40 per cent stake in eight offshore oil blocks with the Nigeria National Petroleum Corporation, which holds a 60 per cent stake in the fields.
The company, which is Nigeria’s third largest oil producer, was delivering 194,000 barrels per day, 233m cubic fit of natural gas daily and 6,000 barrels of liquefied petroleum gas as at 2018.
Chevron will not do tenders for any of the assets it intends to sell.
Reuters reports that the company joins Royal Dutch Shell and Exon Mobil in divesting itself of fossil fuel assets in the country.

http://saharareporters.com/2019/10/29/chevron-quitting-nigeria-focus-shale-back-home?fbclid=IwAR0xRzKcRZ6DfG5xhqSUsoc_F_pCHprUkh3f5WsG6ZIfr8ST7lxH-Ik7juk

buhari destroyed foreign sectors in Nigeria.

18 Likes 2 Shares

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Racoon(m): 7:40pm On Oct 29, 2019
shocked A major oil explorer and drilling company of Chevron is leaving Nigeria? The time for Nigeria to look inward has come.

30 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Racoon(m): 7:44pm On Oct 29, 2019
Charmingrascal:
For those who are truly educated and know economics and know what we stand to gain as a countryThis is a good news
When Nigeria is still exporting crude oil for refining outside this nation? When our refineries are not functioning in optimal capacity even with the billions allocated every now & then for Turn Around Maintenance(TAM)?

56 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by GuyWise(m): 10:06pm On Oct 29, 2019
Buhari has single handedly destroyed the remaining of the shit-hole with his illogical reasoning and cow-like mentality.


How zombies expected an illiterate to turn the country to paradise is the highest foolish reasoning of all time.


Nigeria is doomed.

30 Likes 7 Shares

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by 1shortblackboy: 10:31pm On Oct 29, 2019
Hian! U say wetin

3 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Riele(f): 10:32pm On Oct 29, 2019
Oh No.

1 Like

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Flets: 10:32pm On Oct 29, 2019
Others to leave soon.
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by tommykiwi(m): 10:32pm On Oct 29, 2019
Good or bad news for Nigeria?
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by weslay: 10:32pm On Oct 29, 2019
Chevron is pulling out because it is no longer in their best interest to operate in Nigeria.
Do we have Nigerian firms that can sufficiently take over their operations?
For a country that still rely on other countries to fix it's roads, I doubt.
Our leaders need to realize that oil will not be here forever. They need to wake up and take adequate actions because the socioeconomic crisis in Venezuela will be child's play when our wells run dry.

83 Likes 4 Shares

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by careytommy37(m): 10:32pm On Oct 29, 2019
Good. They should hurry up and get out

12 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by AK481(m): 10:32pm On Oct 29, 2019
Job loss direct and indirect in chevron loading .


Your multinational company cannot continue to leave , how many have u attracted to replace those that have left?

The last time it was a number of company delisted from Nigerian stock exchange , now this !

16 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Ruggedniggaone: 10:33pm On Oct 29, 2019
see what APC government has caused Nigeria may not recover from the mess APC is creating till it will break up

13 Likes 2 Shares

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by rentAcock(m): 10:33pm On Oct 29, 2019
This is the beginning of the end for Nigeria. Shale is far more abundant and cheaper to extract. After destroying our land and poisoning our ecosystem, they now want to pull out.

15 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Sylverly(m): 10:33pm On Oct 29, 2019
Let them pay Agbami beneficiaries first..lol

8 Likes 3 Shares

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Nobody: 10:33pm On Oct 29, 2019
all those militants for creek wont be seeeing oyibo to kidnap again..so sad...maybe na albino dem go focus on this time.

21 Likes 2 Shares

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Passionate888: 10:33pm On Oct 29, 2019
Buhari o... This is Deja'vu

2 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by wesley80(m): 10:33pm On Oct 29, 2019
GuyWise:
Buhari has single handedly destroyed the remaining of the shit-hole with his illogical reasoning and cow-like mentality.


How zombies expected an illiterate to turn the country to paradise is the highest foolish reasoning of all time.


Nigeria is doomed.
.

19 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by PureGoldh(m): 10:34pm On Oct 29, 2019
Dx country don tire some people undecided foreign investors just dey leave anyhow.

Las Las we go dey alright sha.

If you need Pure Original Natural Honey.. Call or whatsapp me on the number attached to my signature below 0_8_1_0_1_66_77_1
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by realstars: 10:34pm On Oct 29, 2019
I dont need them, i want naija made

9 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by DTeekay(m): 10:34pm On Oct 29, 2019
Let them leave, we have indigenous companies that will take over. Eg Belema Oil.
sassysure:
This got to be a joke shocked shocked
(Saw it on Sahara reporters too)
Na so naija go take die?

If chevron is leaving, one of the major oil companies in Nigeria, pls tell me, who again will remain?
Shell?

It is finished.
See what bad govt has caused one of the best countries in the world?

All u ethnic and religious zealots, hope u are happy now?

2 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Godw1n(m): 10:34pm On Oct 29, 2019
Nigeria was a country thanks to buhari it became a zoo

13 Likes 2 Shares

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by spinna: 10:35pm On Oct 29, 2019
Sign of things to come...until oil dries up or becomes unprofitable and we are left with nothing to show except foreign and local assets corruptly gotten by those in power. Time is getting short for Naija youths to have their lives bettered by the oil God gave Nigeria

18 Likes 1 Share

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by meeky007(m): 10:35pm On Oct 29, 2019
Charmingrascal:
For those who are truly educated and know economics and know what we stand to gain as a country

























good news to d buyer not for d country as a whole


This is a good news
Good news to the buyer not for the country as a whole

5 Likes

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by ScotMisile: 10:35pm On Oct 29, 2019
Charmingrascal:
For those who are truly educated and know economics and know what we stand to gain as a country




























This is a good news

That's if it will get to the man in the streets.

1 Like

Re: Chevron To Leave Nigeria To Focus On Shale Back Home by porshnuel: 10:35pm On Oct 29, 2019
spinna:
Sign of things to come...until oil dries up or becomes unprofitable and we are left with nothing to show except foreign and local assets corruptly gotten by those in power. Time is getting short for Naija youths to have their lives bettered by the oil God gave Nigeria
Re: Chevron To Leave Nigeria To Focus On Shale Back Home by Nobody: 10:35pm On Oct 29, 2019
weslay:
Chevron is pulling out because it is no longer in their best interest to operate in Nigeria.
Do we have Nigerian firms that can sufficiently take over their operations?
For a country that still rely on other countries to fix it's roads, I doubt.
Our leaders need to realize that oil will not be here forever. They need to wake up and take adequate actions because the socioeconomic crisis in Venezuela will be child's play when our wells run dry.

dude nigerian companies are there drilling oil like foreign companies

difference is Nigerian companies pay shit compare to foreign companies

9 Likes

(1) (2) (3) (4) (5) (Reply)

How To Export From Nigeria - A Do It Yourself Exportation Tutorial / My Response To A Loan App Collection Officer That Threatened To Upload My Pix / Kwara POS Operator Lavishes N280m Received In Error

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 32
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.