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Shell has started a process to divest all of its operated joint venture licences held by the Shell Petroleum Development Company (SPDC) in Nigeria. This includes a 30% interest in 19 Oil Mining Leases (OMLs). Gail Anderson, Research…
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...Senate Public Accounts Committee, which relied on the report of the Auditor-General of the Federation, has asked PPPRA to recover the money within 6 months An audit of the accounts of the Petroleum Products Pricing Regulatory…
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By Teddy Nwanunobi Despite the Coronavirus (COVID-19) Pandemic challenges, the Organisation of the Petroleum Exporting Countries (OPEC), on Thursday, stuck to its prediction of a strong recovery in world oil demand in 2021 and…
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*Date shifted 8 times Nigeria may not attain its expected petrol sufficiency soonest, as experts have put completion and commencement of operations of the Dangote refinery to 2025. Commencement of operations of the 650,000…
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OPEC+ has not yet discussed President Biden's call on the cartel to increase oil production in a bid to reduce prices at the pump for American drivers, Russian Sputnik reported, citing an unnamed source from one of the group's…
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By Teddy Nwanunobi Decklar Resources Inc. has offered updated information to operations at the Oza-1 well re-entry at the Oza Oil Field, being performed by the company’s wholly owned Nigeria-based subsidiary, Decklar Petroleum…
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By Teddy Nwanunobi The Department of Petroleum Resources, DPR, has cautioned that granting import licenses for Liquified Petroleum Gas (LPG), also called cooking gas, will grind down the expected growth in the gas sector. …
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By Teddy Nwanunobi The Civil Society Legislative Advocacy Centre (CISLAC) has observed that inadequacy in hydrocarbon measurement infrastructure and oil theft are the reasons behind Nigeria’s inability to fully account for and…
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By Teddy Nwanunobi The Department of Petroleum Resources (DPR) has disclosed that the Nigerian Gas Transportation Network Code (NGTNC) introduced last year to guide open access transportation of natural gas has already attracted…
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Oil giant Shell has agreed to pay around 95 million euros to communities in southern Nigeria over crude spills in 1970, the company and the community's lawyer said on Wednesday. The decision is the latest involving OPEC-member…
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