Oil Theft Costs Nigeria 100,000 Barrels Daily – Report
A report has revealed that oil theft has replaced activities of militants, with Nigeria losing 100,000 barrels daily, running into ...
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Tag: Nigeria
Buhari Revokes Five Oil Mining, Prospecting Licences
By Femi Adekoya and Kingsley Jeremiah President Muhammadu Buhari has revoked four oil mining and one prospecting licences. The Department ...
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Govt, Shell Begin Production Sharing Contract Negotiations
By Ejiofor Alike and Kasim Sumaina with Agency Reports The federal government has begun renegotiating Production Sharing Contracts (PSC) on ...
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Nigeria Saves U.S.$2.2 Billion From Refining Oil Abroad
By Kingsley Jeremiah Abuja — The Nigerian National Petroleum Corporation (NNPC) yesterday said $2.2 billion (N673.2 billion) had been saved ...
Read moreDutch Court Rules Against Shell, in Favour of Wives of Slain Ogoni Leaders
The women, including Esther Kiobel, sued Shell for its alleged role in the unlawful arrest, detention and execution of their ...
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ExxonMobil Mulls Sale of U.S.$3 Billion Nigerian Assets
By Ejiofor Alike with Agency Reports United States energy giant, ExxonMobil, has held talks on the sale of some oil ...
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Oil Sector Tops U.S.$218 Billion Illicit Financial Flows From Nigeria
By Festus Okoromadu The oil and gas sector of the Nigeria economy is responsible for 92.9 per cent of illicit ...
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Tanzania Seeks Dangote’s Investment in Petroleum
Tanzania has asked the Chairman of Dangote Group, Alhaji Aliko Dangote, to invest in their country's petroleum and cement industry. ...
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Angola’s Oil Production – Lessons From Nigeria
By Nj Ayuk With production declining and investment scarce, the Angolan leadership has put in place a number of new ...
Read moreNigeria’s Excess Crude Account Depletes 73% in Three Weeks
By Bassey Udo Controversy trailed Wednesday's revelation by the Federation Accounts Allocation Committee (FAAC) that the excess crude revenue account ...
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