Home Tags Chevron

Chevron

Federal govt moves to amend deep offshore act

The Deep Offshore and Inland Basins PSC Act was enacted in 1993 to provide the fiscal framework for foreign investments in deep offshore and inland basin acreages in the oil and gas sector.

Bayelsa govt declare N1.864 billion IGR for October

The Bayelsa State Government has declared over N1.864billion as Internal Generated Revenue (IGR) for the month of October 2017 compared to previous months of of Bayelsa State about 700 and 800 million naira.

NNPC seeks buyers who can pay $5 billion advance for crude oil

The Nigerian National Petroleum Corporation (NNPC) is seeking buyers who will pay $3.5 to $5 billion and get its value in crude oil between five and seven years.

OPEC to debate capping Nigerian, Libyan oil output – sources

OPEC will debate this week whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest, two sources with knowledge of the matter said on Wednesday.

Ayiri Emami’s emergence as Ologbotsere should not divide Itsekiri nation – Olu of Warri

The Olu of Warri, His Majesty, Ogiame Ikenwoli, has said the emergence of Chief Ayirimi Emami as the Ologbotsere of Warri, should unite and not divide the Itsekiri nation under his reign.

Court to resume hearing of federal govt’s $406.8 m suit against three oil companies

A Federal High Court in Lagos will on Jan. 23, 2018, resume hearing of a $406.8 million suit instituted by the Federal Government against Shell Western Supply & Trading Ltd, over crude oil shipment.

NNPC, Chevron sign $1.7bn deal for 39,000bpd

The Nigerian National Petroleum Corporation, NNPC, and Chevron Nigeria Limited, CNL, have executed the second and final phase of an Alternative Financing Agreement meant to increase crude oil production in the country by about 39,000 barrels per day.

Militants announce resumption of hostility in Niger Delta

Three militant groups operating in Akwa Ibom and Cross River States, the Niger Delta Volunteers (NDV), Niger Delta Peoples Volunteer Force, Niger Delta Strike Force have announced resumption of attack on all the oil and gas installations in the two states.

Federal govt to probe disbursement of revenue to oil communities – AGF Abubakar Malami

The Attorney General of the Federation, Mr. Abubakar Malami, has assured the oil producing communities of Niger Delta that the ministry would soon commence thorough investigation into the alleged misapplication funds accrued to oil producing communities in the Niger Delta region.

Angola president dismisses Sonangol chair Isabel dos Santos

Angolan President Joao Lourenco dismissed Isabel dos Santos as chair of the state oil company Sonangol on Wednesday in a dramatic move against the family of the former president.

House of Reps faults Chevrons $15, 000 gas flaring claims for 2016

An ad hoc committee on the House of Representatives investigating revenue leakages in the oil and gas sector from January 2016 to January 2017, yesterday disputed claims by Chevron Nigeria that it flared only $15,000 worth of gas in its oil fields in 2016.

Minister Isaac Adewole elated as Chevron tackles HIV scourge in Nigeria with $5 million

Minister of Health, Prof Isaac Adewole, has expressed gratitude to Chevron Nigeria Limited (CNL) for donating a total of US$5 million to Global Fund to tackle HIV, tuberculosis and malaria for the implementation of the Chevron-Global Fund Anti-Retroviral Treatment Service Maintenance Program (ART Program) in Delta, Bayelsa, Ondo and Lagos States.

How DPR, central bank diverted $950m oil royalty – House of Reps

An ad hoc committee of the House of Representatives on Sunday accused the Department of Petroleum Resources and the Central Bank of Nigeria of keeping $950m in a secret domiciliary account from 2011 and 2014 as against remitting the money into the Federation Account.

Nigeria plans $2.3 bln in oil asset equity restructuring – DMO

Nigeria plans to raise 710 billion naira ($2.26 bln) via restructuring its equity in joint venture oil assets and increasing private sector participation, the Debt Management Office (DMO) said on Thursday.

facebook

Recent Posts

Suspected gunmen allegedly kill army colonel in Benue

Suspected gunmen on Sunday allegedly killed a senior military officer who was said to be in transit along Katsina Ala/Takum highway in Benue State.

Suspended Spanish FA chief Angel Maria Villar blames govt for World Cup threat

Suspended president of the Spanish football federation Angel Maria Villar blamed Spain’s government for a FIFA threat that could lead to the country being thrown out of next year’s World Cup in Russia.

Long queues resurface in Lagos, petrol hawkers back

Lagos residents on Monday saw the return of long queues at petrol filling stations, the News Agency of Nigeria (NAN) reports.

Governor Okowa signs Delta’s N308 billion 2018 budget into law

Governor Ifeanyi Okowa on Monday signed the Delta State 2018 Appropriation Bill of N308 billion into law, with an assurance that his administration will ensure full implementation of the budget.

PENGASSAN suspends nationwide strike

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria have called off a planned nationwide strike.

Most Popular

Nigeria treasury bills extend rally as sell-off, new issues weigh

Yields on Nigeria’s mid-dated treasury bills rose nearly 1 percentage point to 12 percent on Friday, extending a three-day rally as a sell-off which started this week continued, traders said.

Israeli jets hit Hamas posts in Gaza

Israeli war jets used air-to-surface missiles to strike two Hamas military posts in the northern Gaza Strip early Monday in retaliation for an earlier rocket strike from Gaza, the Israel Defense Force (IDF) said.

“One Lagos Fiesta” to splash cash on talented youngsters

Lagos State Government pledged to give out cash prizes to talented youths in the areas of music, dance and comedy at the forthcoming “One Lagos Fiesta” scheduled to hold from Dec. 24 to Jan. 1, 2018.

Overuse of antibiotics in farming major new threat to human health – UN

The overuse of antibiotics in farming has been highlighted as one of the biggest emerging threats to human health, spreading resistance to vital drugs and endangering millions of lives.

South Africa’s ANC gathers to choose leader to replace Jacob Zuma

South Africa's governing African National Congress (ANC) is preparing to choose a new party leader to succeed President Jacob Zuma.