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Equinor wins decade-long court fight over Nigeria oil profits

Equinor wins decade-long court fight over Nigeria oil profits By WILLIAM CLOWES on 2/5/2021 (Bloomberg) --Equinor ASA said the Nigerian Supreme Court overturned a ruling that had threatened to...

Ghana court orders Eni to escrow part of Sankofa revenues

Ghana court orders Eni to escrow part of Sankofa revenues By EKOW DONTOH AND YINKA IBUKUN on 6/28/2021 Eni crew offshore Ghana (Bloomberg) --Eni SpA and Vitol Group could lose...

Nigeria passes bill to improve investing environment via new regulatory framework

7/3/2021 The Nigerian Senate has officially passed the long-awaited Petroleum Industry Bill (PIB) on Thursday the 1st of July 2021, after deliberation and input by...

NNPC Looted Fund: Polaris Bank Confirms Refund Of $234m

The Managing Director of Polaris Bank, Mr Innocent Ike, has said that the bank has refunded the $300 million lodged with the bank by...

NCDMB, NEXIM Bank sign deal on US$30m Working Capital Fund for Oil Firms

The Nigerian Content Development and Monitoring Board (NCDMB) and Nexim Nigerian Export-Import Bank on Wednesday in Abuja signed a memorandum of understanding on the...

Nigeria’s Oil Industry Is Struggling To Win Back Investors

 By Felicity Bradstock - Jun 22, 2021, Long overdue government legislation must come into place in Nigeria if the country hopes to reform its oil industry to...

Solving Nigeria’s Gasoline Crisis

The world of Nigerian refining is an enigma shrouded in a mystery. Although the story of Nigeria’s refining has been a friction point for...

Fired Lekoil CEO took different job behind company’s back

Lekoil Limited said former boss Olalekan (Lekan) Akinyanmi had gone behind its back late last year to become the chief executive of Lekoil Nigeria, an...

Africans Need To Know That Our Dignity Should Not Be Given Away- Former Petroleum Minister

Following Africa’s Oil Week announcement of moving their flagship Cape Town event to Dubai, H.E Mahaman Laouan Gaya, Former APPO SG and Former Petroleum...

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