Chevron’s Nigeria asset sale ‘blocked’

Chevron cannot offload some Nigerian onshore assets until it has settled a legal dispute with an interested party said to have tabled the highest...

NIMASA seeks judicial support for anti-piracy efforts

The Nigerian Maritime Administration and Safety Agency (NIMASA) said it had made several arrests of persons engaged in illegal bunkering, oil theft and piracy-related...

Chevron speaks out on lawsuit

Chevron, the international oil firm, said it would “vigorously” oppose the $5 billion lawsuit Nigerians have filed against it in the United States. It was...

Dons seek review of Power Reform Act

Many of the provisions of the Electric Power Sector Reform Act of 2005 are due for review, experts in energy economics have said. Taking into...

N963.7m fuel subsidy fraud: Absence of EFCC counsel stalls trial

The absence of the counsel representing the Economic and Financial Crimes Commission (EFCC), on Tuesday stalled the trial of an oil marketer, Rowaye Jubril. The...

Nigerians slam Chevron with $5bn suit for gas explosion

Chevron is being sued by Nigerians over a 2012 offshore gas exploration rig explosion that killed two workers. Chevron was presented with a $5...

Police recover N6.5bn from oil subsidy, bank fraud

As part of its continuous quest to curb fraud, the Commissioner of Police Special Fraud Unit (SFU), Tunde Ogunsakin, has said the unit succeeded...

PIB delay threatens investments in oil sector’ – PENGASSAN

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday said that non-passage of the Petroleum Industry Bill (PIB) posed serious challenges...

NIMASA Ex-DG drags NNPC to court over waivers on vessels

The former director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr Temisan Omatseye, has instituted a court action against the Nigerian National...

Uncertainty lingers for Nigeria’s Petroleum Bill

Despite assurances from top Nigerian officials and high-ranking legislators that the Petroleum Industry Bill (PIB) would be passed in 2013, the bill remains stuck...

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