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Niger-Delta community protests at Chevron office over contractor

A large number of residents of Ugborodo community in the Warri South Local Government Area of Delta State have protested against a contractor of Chevron Corporation, Jad Catering Service, for reneging on terms of agreement and demanded that the contractor be replaced.

National Assembly: PIGB transmitted to President Buhari

The National Assembly on Friday said it had finally transmitted the final harmonised copy of the Petroleum Industry Governance Bill (PIGB) to President Muhammadu Buhari for assent, making it the second time it has claimed to do so in about one month even though the presidency denied receiving the bill at the first occasion.

Ghana to offset legacy gas debt owed Nigeria, others by end of 2018

Ghana will try and pay off the legacy debt it owes Nigeria and two International Oil Companies (IOCs) for gas supplied to it through the West African Gas Pipeline (WAGP) framework before the end of 2018, according to a report.

Federal government’s $406.7 million suit against Shell adjourned to October 9

A Federal High Court in Lagos, on Tuesday, adjourned until Oct. 9, the alleged crude oil shipment brought by the Federal Government against Shell Western Supply & Trading Ltd.

House of Representatives begins probe of $22 billion NNPC’s Brass Liquefied Natural Gas project

The House of Representatives, on Thursday, resolved to set an ad hoc committee to investigate the expenditure and implementation of the $22 billion Brass Liquefied Natural Gas (LNG) project.

JTF confirms fire at Conoil field in Bayelsa

The Joint Military Task Force in the Niger Delta, codenamed Operation Delta Safe, has confirmed a fire incident at an oilfield operated by Conoil in Koluama, Southern Ijaw Local Government Area of Bayelsa State.

Nearly 200 Kaduna indigenes benefit from Chevron scholarship

At least 198 Kaduna State indigenes have benefited from scholarship programmes initiated by the Texaco Nigeria Outer Self, a Chevron Company, between 2013 and 2017.

Venezuela arrests 11 bank’s top executives

Venezuela said on Thursday it had arrested 11 top executives of the country’s leading private bank, Banesco, for “attacks’’ against the country’s rapidly depreciating currency, the struggling OPEC nation’s latest move against the private sector.

Minister: I have no special interest in Oil Mining Lease 11

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Friday said he had no special interest in Oil Mining Lease (OML) 11 being operated by Chevron.

Oil prices rise over Iran sanctions worries

Oil prices rose on Thursday, fuelled by expectations the United States will re-impose sanctions against Iran, a decline in output in Venezuela and ongoing strong demand.

Nigerian Gas Association holds election, calls for nomination

The Nigerian Gas Association (NGA) has called for nomination for election to fill its Executive Council positions scheduled to hold on June 5.

Court awards N100,000 cost against Chevron in illegal oil shipment suit by federal govt

A Federal High Court in Lagos thursday awarded N100,000 cost against Chevron Nigeria Limited in a $12 billion missing crude oil revenue suit filed by the federal government.

Bumper profits for Total, ExxonMobil, Shell, Chevron

Royal Dutch Shell and other world’s leading oil companies have published a bumper crop in profits last year as rising crude prices helped turn their fortunes around.

ExxonMobil profits jump on tax gain

ExxonMobil reported a nearly five-fold increase in quarterly earnings Friday due to the impact of the US tax reform, but the company’s share price fell sharply due to disappointing operational results.

Niger Delta militants vow resumption of attack on oil facilities

A coalition of Niger Delta agitators has threatened to resume destruction of oil installations and other Federal Government facilities in the region.

Removal of Lekki roundabouts saves motorists, commuters N87 billion

The removal of six roundabouts along the Lekki-Epe Expressway has saved residents and motorists in that axis about N87billion yearly, a report of the Junction Improvement Works carried out by a construction giant, Planet Projects Limited, has revealed.

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.

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Delta Reps member accused of attacking court bailiff with thugs

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