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MOMAN Gets A New Chairman

Tunji Oyebanji has been replaced by Olumide Adeosun as Chairman of the Major Oil Marketers Association of Nigeria.  Adeosun said in the news briefing on...

No Definite Date for Subsidy Removal -FG

Timipre Sylva, Minister of State for Petroleum, has stated that there is no definite date for the withdrawal of gasoline subsidies at this point...

President Mohammadu Buhari Signs Petroleum Industrial Bill Into Law

President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law .Working from home in five days quarantine as required by the Presidential Steering...

Shell will pay $110 million to settle a Nigeria oil spill lawsuit.

The Nigerian unit of Royal Dutch Shell Plc agreed to pay a West African village more than $110 million to settle a long-running dispute...

FEC Has Allocated $1.4 billion For The Rehabilitation Of Warri and Kaduna Refineries.

The Federal Executive Council (FEC) on Wednesday signed a $1.4 billion contract to rehab the Warri and Kaduna refineries. At the Warri refinery, approximately $897...

Nigeria’s Biggest Power Firm Seeks $1.8 Billion to Expand Output

By Emele Onu  Company looks to more than double capacity to 3,000mw Nigeria is continent’s most underserved electricity market Nigeria’s Egbin Power Plc, the biggest in Africa’s most...

Inquiry ordered into Eni-Shell Nigeria corruption prosecutors

Italy's justice ministry ordered an inquiry into the conduct of two prosecutors in a corruption case involving energy groups Eni and Shell in Nigeria,...

Exxon walks away from stake in deepwater Ghana block

By EKOW DONTOH on 6/1/2021 Key Ghana offshore blocks. Map © Petroleum Economist. (Bloomberg) --Exxon Mobil is pulling out of a deep-water oil prospect in Ghana just two years...

Shell to offload sole offshore Nigerian oil assets for a cleaner energy

Petroleum giant, Shell, to offload sole offshore Nigerian oil assets for a cleaner energy Shell’s divestment could deal a fresh blow to the fiscal...

Nigeria’s NNPC finalises new crude-for-fuel swaps for one year -sources

Julia PayneLibby George Nigeria's state oil firm NNPC has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August, sources...

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