Industry

The signing of an Memorandum of Understanding, MoU has discreetly ended a potentially damaging inter-governmental dispute over oil-mining leases. China state-owned enterprise Sinopec has signed a transfer, settlement and exit…
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Nigeria’s gas vision blighted by Brass, Olokola LNG projects failure Nigeria’s 206 trillion cubic feet (Tcf) of proven natural gas is only 12 percent of Russia’s 1,688 Tcf, and European energy giant hauls home over $400m daily in gas…
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•Onslaught rattles the underworld in Niger Delta The fight against crude oil theft in the Niger Delta region is yielding fruits just as it is rattling the underworld, especially in Bayelsa and Delta states, considered the…
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A Federal High Court in Port Harcourt, Rivers state on Monday, November 14, remanded in custody, 16 foreign nationals on a 3-count charge bothering on oil theft in Nigeria’s Niger Delta. The 16 foreigners from Poland, India,…
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The technical committee of the Nigeria-Morocco gas pipeline project, composed of representatives of the oil companies of Senegal, Mauritania and Nigeria, ECOWAS and Morocco, have appraised progress of the project with a view to ensure…
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Following the reopening of the Forcados crude oil pipeline by Shell Petroleum Development Company in October and the recent clampdown on illegal pipeline connections at various locations, the nation’s crude oil production volume…
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The Independent Petroleum Marketers Association of Nigeria (lPMAN), says subsidy on Premium Motor Spirit, popularly known as petrol, is no longer sustainable. Mr. Mike Osatuyi, the National Operations Controller of lPMAN, in an…
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A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. Picture taken May 6, 2020. REUTERS/Todd Korol/File Photo Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent…
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Nigeria has signed an offshore oil deal with Shell, Exxon, Total and Eni, that the state says will generate millions, settle disputes and open the way to a $10 billion investment. The “Execution of Oil Mining Lease (OML) 118…
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The Shell Petroleum Development Company of Nigeria Limited (SPDC) has announced that the Forcados oil terminal will resume export operations by the end of the month “when ongoing essential repairs would have been completed”. “In…
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