15 results
- 3 Nov 2024
FG to Deploy Drones to Curb Oil Theft in Niger Delta - Lokpobiri
Senator Heineken Lokpobiri , minister of State for Petroleum Resources (Oil), at the weekend said the federal government would deploy new technologies like drones and satellite surveillance to halt…
- 11 Oct 2013
Shell Puts 4 Oil Blocks for Sale
Shell Nigeria is putting up for sale four onshore Niger Delta oil blocks with a combined production of around 70,000 barrels per day (bpd), two industry sources said on Thursday, the latest move by…
- 12 Jun 2013
Chevron Corp. Sells Nigerian Oil Blocks over Regulatory Uncertainty
Chevron Corp. said that it plans to auction off the rights it has to two offshore oil fields near Nigeria’s coast, the latest foreign oil company moving to divest from the country as regulatory…
- 3 Apr 2013
MEND Threatens Fresh Attacks on Oil & Gas Facilities over Okah
Movement for the Emancipation of the Niger Delta (MEND), one of the largest militant groups in the Niger Delta region, said it will resume attacks on oil installations in the region, beginning…
- 3 Jul 2013
Organised Criminals Take over Crude Oil Theft
Mr. Mutiu Sunmonu, managing director, Shell Petroleum Development Company of Nigeria (SPDC), has blamed well-financed and highly organised criminals for crude oil theft in the Niger Delta, saying…
- 23 Nov 2023
UK High Court Approves Nigeria Class Action against Shell
The UK High Court has ruled that Nigerian fishermen can pursue landmark human rights claims against Shell PLC relating to the alleged breach of the right to a clean environment under Nigerian…
- 5 Nov 2013
MDAs to Spend N400Bn Before January 2014
Ministries, departments and agencies (MDAs) of the federal government have a balance of N400 billion to be spent before the end of the year according to the 2013 budget, Dr. Ngozi Okonjo-Iweala,…
- 27 Mar 2015
GEJ vs GMB: Embarrassment of Choices ahead of Tomorrow’s Election
Nigerian President Goodluck Jonathan and Vice President Namadi Sambo are in a tight contest for Saturday's election with main opposition candidate Muhammadu Buhari and his running mate, Yemi…
- 30 Oct 2019
Chevron Closing Shop in Nigeria, Heads Back to US
Chevron is reportedly making plans to sell some of its Nigerian oil assets and focus on growing its shale production in the United States. Reuters reports that the action is part of a decision…
- 7 Mar 2019
Dangote, Adenuga Lead Black Billionaires List
Aliko Dangote, business mogul and Mike Adenuga, oil and telecoms mogul are the richest black people in the world, according to by Forbes, the influential American business magazine. Dangote…
- 1 Jun 2016
Critics Blame Buhari, CBN for Nigeria’s Worst Economic Crisis
Some Nigerians have blasted President Muhammadu Buhari, elected on a wave of optimism last year, for failing to react not fast enough to the changing climate but made matters worse by…
- 6 Jul 2020
Atlas Petroleum Resumes Development of OML109 in Nigeria
Over the weekend, Atlas Petroleum International has resumed work over activities and well interventions on OML 109 in Nigeria in order to enhance production from the Ejulebe marginal field. Awarded…
- 17 May 2023
Alleged Amnesty Fraud: Court Declines Ecobank’s Application to Stop Refund of N849m to FG
A federal high court in Abuja has refused to grant an application by Ecobank Nigeria Limited to restrain the federal government from ordering the bank to reimburse over N800 million in losses…
- 1 Mar 2017
NBS Report: Web of Alternative Forex Blocks Economic Recovery- Otunuga
Lukman Otunuga, an economic expert with penchant in the currency market, has rued that Nigeria’s web of alternative foreign exchanges remains a major stumbling block to a sustainable economic…
- 1 Jul 2022
Shell Suspends Sale of Onshore Oil Assets in Nigeria
Shell said, it had put on hold plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that said it had to wait for the outcome of an appeal over a 2019 oil spill.…