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Despite two Supreme Court judgments, Shell Petroleum Development Company of Nigeria Limited (SPDC) has refused to pay the Ejama-Ebubu community in Tai Eleme Local Government Area of Rivers State, the sum of N182 billion in judgment debt…
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Oil prices fell more than 2% on as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus package. …
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The National Oil Spill Detection and Response Agency (NOSDRA), and the Bayelsa State Government have come under attack for allegedly failing to act over an oil spill that occurred in Akassa, Brass Local Government Area of the state. The…
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Africa Oil and Power (AOP), the continent’s leading investment platform for the energy sector has appointed Olatorera (Tori) Abiola as International Conference Director. Tori Abiola is an Economic and Politics graduate of SOAS…
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Refinery runs in Africa are expected to decline in January, partly on limited demand recovery and partly on extended outages in South Africa, according to S&P Global Platts Analytics. The Engen refinery in Durban — the second…
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Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, on Friday announced the “unconditional acquisition” of a 45 per cent participating interest in OML 17 through TNOG Oil and Gas Limited, their associated company.…
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Vice-President Yemi Osinbajo on Tuesday met with some stakeholders in the oil and gas industry to continue Federal Government’s consultations ahead of the passage of the Petroleum Industry Bill currently before the National Assembly. In…
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No fewer than 96 companies have indicated interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure ranging from critical pipelines to depots and terminals through the…
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Nigeria is leading the West African region in Liquefied Natural Gas, LNG, export and relatively exposed to spot market, according to data monitored by Oriental News Nigeria. Exports of LNG from West Africa’s four producers showed…
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The Nigerian National Petroleum Corporation (NNPC) has expressed cautious optimism about oil demand growth, adding that it had begun the process to diversify its portfolio beyond oil assets to hedge future crisis and align with global…
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