Politics, lack of focus derail marginal fields bid round

Nigeria officially announced on November 28, 2013 that 31 marginal fields were to be put on the market. 16 of the fields are located...

Minister’s consent: Nigeria’s albatross in oil and gas deals?

Despite contributing about 90 percent to government’s revenue, the oil and gas sector barely add more than 10 percent to the nation’s Gross Domestic...

FG accuses joint venture partners of illegal sale of assets

The Federal Government has expressed concern over what it called the way and manner that oil companies are divesting their interests, especially in the...

Seadrill signs $1.1 billion rig deal with Total

Offshore driller Seadrill signed a five-year, $1.1 billion contract with Total for work offshore Nigeria, it said on Monday. The contract, for Seadrill’s newly built...

Brittania-U’s case against Chevron shifts to Appeal Court

The legal battle over the suit instituted by Brittania-U Nigeria Limited against Chevron Nigeria Limited over the sale of Oil Mining Leases (OMLs) 52,...

OPEC crude output advances from 3-Year low

The Organisation of Petroleum Exporting Countries (OPEC) crude production climbed in May for the first time in three months, led by gains in Angola...

Again, long approval cycle denies Nigerians 620mw daily power supply

The delay in the approval of the various segments of the Ofon Development Phase 2 has slowed down the capacity of Total Exploration and...

Eni Board of Directors approves new organisational structure

Eni today announces a new organisational structure, which will support the delivery of its strategy based on selective growth in the upstream sector and...

Chevron highlights 2013 performance and future growth at annual meeting of stockholders

Chevron Corporation (NYSE: CVX) today provided an overview of the company’s 2013 operational and social performance and future growth plans at its 2014 Annual...

House to probe Petroleum Minister, Shell over sale of OML 29

In a fresh move likely to raise eyebrows and widen the gulf between the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, and the House...

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