NNPC disagrees with Shell over $700m loss

Nigerian National Petroleum Corporation, NNPC, has disagreed with claims that Shell lost $700 million to oil theft in the second quarter of the year. NNPC...

Crude oil output to rise due to pipeline repairs – NNPC

In an apparent effort to douse concerns over rising crude oil theft in the Niger Delta, the Nigerian National Petroleum Corporation (NNPC) has promised...

Oil majors still investing in economy despite challenges associated with Nigeria

For some time now, oil giants, such as Shell, Total, ENI and Chevron, have been complaining about the difficulties of working in the Niger...

Governors snub international oil companies over PIB

State governors have turned down moves by the International Oil Companies to prevail on them to influence the National Assembly not to pass the...

Total moves financial personnel to London to be closer to financial markets

French supermajor Total is to move some of its financial management personnel to London in a bid to be closer to international financial markets,...

Mart Resources to spud UMU-11 development well in August after several delays

Mart Resources and its co-venturers, Midwestern Oil and Gas Company (Operator of the Umusadege field) and SunTrust Oil Company have provided an update on Umusadege...

Shell signifies intention to buy Chevron’s Nigeria oil blocs

Oil giant, the Royal Dutch Shell Plc has notified the Nigerian government that it would like to buy some of U.S. firm, Chevron Nigeria’s...

Oil super majors must get back to basics to stay in the game

The second-quarter results of the oil supermajors make for dismal reading. BP's profit was down 25 per cent, Chevron's 26, ExxonMobil's 57, and Shell's 60...

Further delays for Oyo-7 off Nigeria

The US duo of Allied Energy and Camac Energy will have to wait another two to four weeks to spud their Oyo-7 well off...

Platts begins publishing new daily assessment for 5 West African crude grades

Platts, a leading global energy, petrochemicals and metals information provider and top source of benchmark price references, has begun publishing daily price assessments for...

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