DPR moves against erring petrol stations

The Department of Petroleum Resources (DPR) is said to be considering more stringent measures in its bid to check fraudulent activities in the downstream...

NLNG to pay $1bn as company tax in 2014

The Nigeria Liquefied Natural Gas  Limited (NLNG) is to pay over $1 billion as Company Income Tax (CIT) to the federal government in 2014,...

DPR tasks private depot owners on high kerosene price

Department of Petroleum Resources, DPR, has described as unacceptable, the exorbitant price of kerosene, DPK, especially in the Edo/Delta zone, which the members of...

Afren eyes further Ebok expansion offshore

Ebok field operator Afren expects the central fault block extension platform to be installed in early 2014, and the partners will target additional reservoirs...

Chevron concludes asset sale to 3 local firms

Seplat has won the bid for Chevron’s 40 per cent equity in the gas rich Oil Mining Lease, OML 53, in the eastern onshore...

Oil traders accused of fraud to sue Swiss NGO

Local and international oil traders, indicted in a recent report by a Swiss-based Non- Government Organisation (NGO), the Berne Declaration, have commenced moves to...

Siem Offshore enters charter contract for PSV Siem Sasha

Siem Offshore and Marine Platforms Limited have entered into a contract for the PSV “Siem Sasha” for operations offshore Nigeria. The charter contract will commence...

Oil marketers overcome subsidy gloom as profits spike

Petroleum products importing and marketing firms have overcome the economic difficulties that befell them last year, which saw profits shrink on falling subsidy payments...

Nigeria risks missing 40b barrels oil reserve target by 2020’

Nigeria risks missing its target of substantially increasing its crude oil reserves to 40 billion barrels of oil, by 2020, unless the country puts...

Oando moves to acquire $1.22 bn Conoco Phillips’ assets

Oando Energy Resources, OER, an affiliate company of Oando Plc, focused on oil exploration and production in Nigeria, has expressed confidence in concluding the...

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