Bayelsa Youths shut down activities in Oil Company
Members of Agbidiama Community Youth Council, host of Opukushi, Tunu and Clough Creek flow stations operated by Shell Petroleum…
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Browsing Tag
oil
EDITORIAL: Now that the chicken has come home to roost
It is recorded in the Holy Book that for every man there is time and season, the time to sow and the time to reap, the time to…
FG revokes license of MKO Abiola’s Oil Summit, 5 others oil licenses
The Department of Petroleum Resources (DPR) has revoked five
Oil Mining Licenses (OML) and one Oil Prospecting Licence (OPL)…
Abducted Rivers oil workers regain freedom
Two oil workers kidnapped along Emohua Local Government Area
of Rivers state axis of West/West road have regained their freedom.
…
Baru reveals key to oil, gas development
The Group Managing Director, Nigerian National Petroleum
Corporation (NNPC), Dr Maikanti Baru has identified collaboration…
Nigeria loses $16b to oil companies – NEITI
Due to non-review of the 1993 Production Sharing Contracts,
(PSC), with oil companies, Nigeria lost nothing less than $16 billion…
Malabu oil scandal: Dutch prosecutors set to charge shell
Dutch prosecutors are preparing criminal charges against Royal
Dutch Shell over its $1.3 billion acquisition of Nigerian offshore…
NEITI- Nigeria lost 245 million barrels in last twenty years
Nigeria
has recorded its highest loss in crude oil over the past twenty years with an
average of 245 million barrels being lost.…
Oil marketers’ uproar; Presidency, NASS to respond
Federal government has proposed a meeting with the independent oil marketers in a bid to curb fuel crisis this festive period.
…
Stakeholders fear the worst as Oil prices drop to $59 per barrel
In October crude oil prices increased from $70.00 to $85.00 per barrel much to the pleasure of stakeholders in the Nigerian oil…