Shell contractors arrested by JTF for oil theft

Contractors working for a Royal Dutch Shell Plc (RDSB) unit have been arrested in Nigeria as alleged accomplices in the theft of oil that...

NNPC relays fears over US shale oil discovery

The discovery of shale oil by the United States to meet its domestic crude oil needs may adversely affect Nigeria’s revenue. As a result, the...

NNPC pledges better management of transferred assets

NNPC/NPDC has expressed its readiness to professionally and efficiently run the assets and oil mining leases transferred to them by SPDC. NNPC Group Managing Director,...

NIMASA denies existence of court order over dispute with NLNG

The Nigerian Maritime Administration and Safety Agency (NIMASA) has disputed the claims of the Nigerian Liquefied Natural Gas (NLNG) Limited of a court order...

Divestment of assets by IOC’s no threat to oil sector – SPE

The Society of Petroleum Engineers (SPE) has allayed fears that the continuous divestment of assets by International Oil Companies (IOCs) portends grave danger to...

Chevron worried over persistent oil theft in Niger Delta

The continued illegal oil bunkering and other related criminal activities in the Niger-Delta have remained a major headache of oil and gas multi-nationals operating...

Total developing new oil field offshore Nigeria

Total Nigeria is developing a new offshore oil field that it expects to produce 200,000 barrels a day. Friday's statement from the French oil major...

SPDC sets out its future intent for Nigeria

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) as operator of the Nigerian National Petroleum Corporation (NNPC)/SPDC joint venture (SPDC JV) today announced...

Oil marketer, cargo surveyor get N2bn bail in subsidy fraud case

A Federal High Court sitting in Lagos, Thursday, granted bail in the sum of N2 billion to an oil marketer and cargo surveyor, charged...

Oil production drops by 150,000 barrels, as Shell shuts Trans Niger Pipeline

Nigeria faces a serious credit crunch in the months ahead as crude oil production has dropped further by 150,000 barrels per day due to...

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