Category Archives: Oil & Gas

Nigerian firm takes Shell to court of arbitration

A Nigerian oil firm has mounted legal action against Shell, according to a news report. Reuters says that Neconde is to take the energy giant to the court of arbitration in the UK. It surrounds accusations that the oil major continued to lift crude and did not remit funds until after a lease had been sold. Full story

Source: www.energyvoice.com

Posted by Amaka, 10 April 2018

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Proposed Gas Flaring Law As Incentive To Local Gas Firms

The proposed review of existing gas flaring law by federal government is expected to propel domestic gas utilisation as well as help address infrastructural gap in the sector as gas flared by oil companies will now support development, writes CHIKA IZUORA. Full story

Source: https://leadership.ng/2018/02/22/proposed-gas-flaring-law-incentive-local-gas-firms/

Posted by Hussaini Ali February 23, 2018

 

 

NNPC begins sale of petrol at N133.28 per litre, to enforce new rules

The Nigerian National Petroleum Corporation (NNPC) is deploying more facilities to enforce the N133.28 ex-depot price per litre. Full story

Source: https://www.naija.ng/1146311-nnpc-begins-sale-petrol-n13328-litre-enforce-rules.html?utm_source=mailfire&utm_medium=email&utm_campaign=breaking#1146311

Posted by Hussaini Ali January 16, 2018

13 countries shun Nigeria’s crude

Thirteen countries may have shunned Nigeria’s crude oil as data obtained from the Nigerian National Petroleum Corporation, NNPC, shows they have not purchased the product since 2016. Full story

Source: https://www.vanguardngr.com/2017/11/13-countries-shun-nigerias-crude/

Posted by Hussaini Ali November 15, 2017

Senate to probe Kachikwu’s allegations against Baru, corruption in police

The Senate has set up a committee to conduct a comprehensive investigation on the alleged insubordination and due process abuse made by the Minister of State for Petroleum, Ibe Kachikwu, against the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, particularly in the award of contracts worth over $25 billion without board approval. Full story

Source: http://guardian.ng/news/senate-to-probe-kachikwus-allegations-against-baru-corruption-in-police/?utm_source=Guardian+Newsletter&utm_campaign=934910b1a0-Newsletter&utm_medium=email&utm_term=0_b799d7d8ad-934910b1a0-99238021

Posted by Hussaini Ali October 5, 2017

How Falana’s Letter to Kachikwu Exposed Nigeria’s Huge Losses in Deep Offshore PSCs

Indications have emerged that a letter written by a human rights activist and Senior Advocate of Nigeria (SAN), Mr. to the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, when he was the Group Managing Director of Nigerian National Corporation (NNPC), exposed Nigeria’s huge losses in the Production Sharing Contracts (PSCs) signed with the international oil companies (IOCs) on the deep offshore oil fields. Full story

Source: www.thisdaylive.com

Posted by Amaka, 14 August 2017

Multinationals have moral obligation to comply with Nigerian content law – ExxonMobil MD

The Managing Director of ExxonMobil Nigeria, Paul McGrath, said on Thursday that compliance with the provisions of the Nigerian Content Act was not only legal, but also a ‘moral obligation’ for multi-national oil and gas operating and servicing companies based in Nigeria. Full story

Source: www.premiumtimesng.com

Posted by Amaka, 24 July 2017