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Abubakar Malami

Federal government alleges cheating on oil profits, seeks $62 billion from five firms

The Federal Government says it expects about $62bn from multinational energy conglomerates that include Royal Dutch Shell, ExxonMobil, Chevron, Total and Eni, citing a 2018 Supreme Court ruling it says enables it to review and adjust oil production revenue sharing agreements, Reuters has reported.
Former NBA champion, Festus Ezeli is eyeing a spot of the D’Tigers team to next year’s Olympic Games in Tokyo, Japan.

Former NBA champion Festus Ezeli eyes Olympic Games with D’Tigers

Former NBA champion, Festus Ezeli is eyeing a spot of the D’Tigers team to next year’s Olympic Games in Tokyo, Japan.
Nigeria’s Minister of Youth and Sports Development, Mr. Sunday Dare, has held meeting with the chieftains of the Nigeria Football Federation in his resolve to sanitize the country’s football administration.

Federal government commends ExxonMobil, Africare, NBA’s quest for youth devt

Minister of Youth and Sports Development, Mr Sunday Dare, yesterday, commended ExxonMobil Nigeria, Africare and the United-States based National Basketball Association, NBA, for their efforts at promoting capacity building, health development and well-being of Nigerian youths through their Power Africa Initiative.
Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

ExxonMobil: Senator Ngige’s negotiating skill saved us from crisis

The Mobil Producing Nigeria Unlimited has attributed the peaceful resolution of the industrial dispute that engulfed the company last year to the astute negotiating skill of the Minister of Labour and Employment, Sen. Chris Ngige.
Governor Udom Emmanuel

Akwa Ibom government holds summit to tackle rot in education sector

The Akwa Ibom State Government has finally come to terms with the reality about the education sector in the state. The government on Thursday organised a summit to seek expert opinions on how to fix the broken school system.
Nigerian National Petroleum Corporation (NNPC)

NNPC ‘not tax agency’

The Nigerian National Petroleum Corporation (NNPC) yesterday said the collection of taxes and other cash due to the Federal Government in the oil and gas industry was not its responsibility.
Melee Kyari

Melee Kyari: NNPC has no secret account

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, says the corporation has no secret accounts that breach the Treasury Single Account (TSA).
Melee Kyari

$600m debts: NNPC clears ExxonMobil of liabilities over oil assets renewals

The Nigerian National Petroleum Corporation, NNPC, yesterday, cleared ExxonMobil from any sharp practices and indebtedness to the country.

$1.8 billion underpayment: DPR disowns Mobil’s deal with federal government over three oil blocs’...

The Department of Petroleum Resources has dissociated itself from an alleged Federal Government’s deal with Mobil Producing Nigeria Unlimited (ExxonMobil) clearing the company to pay $665m instead of $2.5bn for the renewal fees for three oil blocs in 2009.

Presidential panel summons NNPC boss over ExxonMobil underpayment

The Special Presidential Investigation Panel for Recovery of Public Property has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, over alleged $1.8bn owed the Federal Government by Mobil Producing Nigeria Unlimited (ExxonMobil).

NCDMB, Danvic Petroleum acquire $1.2 million training software for varsities

In its quest to boost technological advancement in Nigeria, the Nigerian Content Development Monitoring Board (NCDMB) and Danvic Petroleum International Nigeria have secured a $1.2 million, (N610 million), seismic interpretation software and geosciences workstations for six Nigerian universities as a way of boosting knowledge in oil and gas exploration in Nigeria.
2 The $3.3 billion floating production storage offloading (FPSO) vessel for the Egina deepwater oilfield departed for the oilfield in the early hours of Sunday.

Egina FPSO wins ‘Project of the Year’ award in Paris

Samsung Heavy Industries Nigeria (SHIN) has received the ‘Project of the Year’ award at the African Assembly, organised by the Oil & Gas Council in Paris on June 24, 2019.

Rocket hits site of foreign oil firms in Iraq

The Iraq’s Military has said a rocket struck the site of the residential and operations headquarters of several global major oil companies, including U.S. giant ExxonMobil, near Iraq’s southern city of Basra early on Wednesday, wounding three people.

Eket community laments ExxonMobil airstrip abandonment

Residents and indigenes of Eket Local Government Area of Akwa Ibom State have expressed their concern over the alleged abandonment ExxonMobil airstrip by the oil firm.
Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu

Minister Kachikwu challenges ExxonMobil, others on gas commercialization policy

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged ExxonMobil and other International Oil Companies operating in Nigeria, to key into the gas commercialization policy of government for gas development in the country.

NCDMB: Shell leads IOCs in local content

The Nigerian Content Development and Monitoring Board (NCDMB) on Sunday recognized Shell as the most impactful International Oil Corporation (IOC) on Local Content Initiatives in the Nigerian Oil and Gas industry.

Oando boosts stakeholder confidence, records 37% increase in turnover

Oando PLC has once again demonstrated its ability to deliver good results and create value for shareholders. The indigenous oil company on Friday, March 29, published its financial results for the full year ended, December 31, 2018.

Big oil companies record enormous profits

The world’s top oil companies, the “supermajors” — US firms Chevron and ExxonMobil, Britain’s BP, Anglo-Dutch Royal Dutch Shell and Total of France – earned nearly $80 billion in net profits last year.

Recent Stories

The Italian Carabinieri police corps said that more than 31,000 pills of Yaba, known as the `madness drug,’ have been seized in a large-scale operation.

Italian police seize 31,000 Yaba drug in massive raid

The Italian Carabinieri police corps said that more than 31,000 pills of Yaba, known as the `madness drug,’ have been seized in a large-scale operation.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Senate President: Why we are amending Production Sharing Contract law

The President of the Senate, Ahmad Lawan, on Monday justified the current move by the Senate to amend the law on Production Sharing Contract in the oil industry.

Flood: Badagry residents count losses in homes, churches, farmlands

Residents of some communities in Badagry area of Lagos State have continued counting their losses due to flooding after many hours of weekend rainfall which destroyed homes, churches, shops and farmlands.

Lawyers demand justice over colleague’s police brutality

A group of lawyers in Onitsha, Anambra state, have asked the state police command to bring to justice all officers involved in the manhandling of their colleague, Jacob Obasi in Onitsha, last Friday.

Gunmen kill 14 policemen in Mexico

Gunmen killed 14 police Monday in an attack in the state of Michoacan, in western Mexico, authorities said, condemning the latest violence in the restive region, a hotspot for criminal groups and armed vigilantes.