France’s Total has declared force majeure on gas supplies to Nigeria LNG’s liquefication plant, the company said. It said it had stopped…
Category:
Oil and Gas
-
-
Royal Dutch Shell cannot yet say when a force majeure on two grades of Nigerian crude oil will be lifted, after production…
-
Nigeria will hold its first oil exploration bidding round for five years by the end of this year, while licence renewal talks…
-
The Tax Appeal Tribunal (TAT) in Abuja has ordered Oando Plc to pay N72.92 million as tax liabilities to the Federal Inland…
-
The Department of Petroleum Resources (DPR) on Tuesday threatened to shut down any petrol station caught selling fuel above the pump price…
-
The Shell Petroleum Development Company (SPDC) on Wednesday confirmed a pump failure at its facility in Bayelsa. This is contained in a…
-
Brent crude held steady above 113 dollars per barrel on Tuesday as investors awaited economic growth data out of Europe to gauge…
-
Asia is set to import record volumes of oil from West Africa, mainly from Nigeria, this year as increasing supplies of high…
-
Minister of Petroleum Resources Mrs Diezani Alison-Madueke says the nation’s oil reserve could grow to 40 billion barrels by 2020 with daily…
-
EconomyNewsOil and Gas
Oil companies underpaid FG $2.33 billion, as NNPC pocketed $3.789bn dividend from LNG
By Omoh Gabriel Nigeria Extractive Industry Transparency Initiative has disclosed that from its audit report between 2006 and 2008 the Nigerian National…
-
Ms Christine K, the Director of HeinrichBoll Foundation in Nigeria and West Africa, said in Abuja that Nigeria loses 2.5 billion dollars…
-
The volume of shares traded on the Nigerian Stock Exchange (NSE) depreciated by 43 per cent on Tuesday. The turnover volume dropped…
-
EconomyNewsOil and Gas
Fuel Subsidy Probe: Presidential Committee recommends recovery of N382bn from 21 companies
The Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments submitted its final report to President Goodluck Jonathan on Tuesday in…
-
The Economic and Financial Crimes Commission (EFCC) will on Wednesday in Lagos arraign some oil marketers and their companies for their alleged…
-
President Goodluck Jonathan has sent the latest draft of the wide-ranging Petroleum Industry Bill (PIB) to parliament for debate, the oil minister…