Royal Dutch Shell has said it knew that some of the payments it made to Nigeria for the rights to an oilfield…
Category:
Oil and Gas
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Trading giant Vitol said it has has sold millions of barrels of Nigerian crude oil from storage in South Africa’s Saldanha Bay,…
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BusinessEconomyFinanceNewsOil and Gas
Shell top executive knew of bribe given to Nigeria officials, new evidence on oil payments
The BBC said it has seen evidence that top executives at Shell knew money paid to the Nigerian government for a vast…
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Nigeria National Petroleum Corporation depot at Mosimi has reopen and resumed loading after almost a year, when a major pipeline was vandalised…
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Crude Oil price rose above $55 a barrel on Monday, supported by another shutdown at Libya’s largest oilfield and heightened tension over…
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Two oil majors Royal Dutch Shell and Eni have again said neither they as corporate entity nor their personnel had been involved…
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Nigeria will raise quality standards on its imported petrol, diesel and kerosene from July 1, a change health campaigners have long said…
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*We will engage on basis of trust-VP *Meets Gbaramatu leaders & US investors on proposed project As implementation efforts on President Muhammadu…
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UK Supreme Court has granted Nigerian National Petroleum Corporation NNPC over $100 million relief. NNPC management said it got the reprieve in…
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Indications are that the federal government may soon review the pump price of fuel from the current N145 per litre to N150.…
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BusinessEconomyNewsOil and Gas
Fuel scarcity looms as Tanker Drivers threatens nationwide indefinite strike
Indications are that Nigeria may be plunged into another round of fuel scarcity as a result of the decision of PETROLEUM Tanker…
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BusinessEconomyNewsOil and Gas
FG plans to convert illegal refiners stakes to shareholding in modular refineries
Federal government plans to convert holdings of illegal refiners to share holdings in the proposed modular refineries to be set up soon.…
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BusinessEconomyNewsOil and Gas
Shell to start cleaning up 2008 Nigeria oil spills in April, says official
The head of a group helping organise Shell’s clean-up efforts in an oil Delta community in Nigeria said on Friday he was…
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A power company Century Power, a subsidiary of the Obijackson Group said it plans to generate 1,500 megawatts (MW) power by 2020…
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Economic and Financial Crime Commission EFCC has charged the former Managing Director of Nigerian National Petroleum Corporation NNPC, to court with money…