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Oil Mining Lease
Nigerian National Petroleum Corporation (NNPC), on Saturday, said it has signed an agreement with its partners in Oil Mining Lease, OML, 130, China National Offshore Oil Company (CNOOC) and South Atlantic Petroleum (SAPETRO), to settle all outstanding fiscal issues surrounding the development of the oil assets which had lingered since 2006.
Edo Government says the ongoing Modular Refinery project at Ologbo in Ikpoba-Okha Local Government Area of the state, will on completion, drive the state’s industrial revolution quest.
Nigerian Maritime Administration and Safety Agency (NIMASA) has sent an investigative team to unravel the circumstances surrounding a recent fire incident at a wellhead offshore in Ondo State.
The National Oil Spills Detection and Response Agency (NOSDRA) on Monday said that the ongoing fire at Ororo oilfield at Oil Mining Lease (OML) 95 is being investigated.
Nigeria has sued an oil exploration production company, ALLIED ENERGY PLC, owned by Texas-based billionaire Kase Luqmon Lawal to demand $35.7 million debt.
Rivers State Governor, Nyesom Ezenwo Wike, has assured the Ejamah Community and other host communities of Oil Mining Lease (OML) 11 that the Rivers State Government will defend their right in any ensuing legal battle over the oil facility acquired by the Rivers State Government.
Total is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources have said.
The Nigerian National Petroleum Corporation (NNPC) says it has publicly opened bids from 14 companies for the financing and redevelopment of Oil Mining Lease (OML) 119.
The Nigerian Investment Promotion Commission on Friday said it recorded a total investment commitment of $9.29bn in the third quarter of this year.
The Nigerian Petroleum Development Company Limited (NPDC), an Upstream Subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported a fire incident which occurred at Oil Mining Lease (OML) 20 at Egbema-West, Imo State Monday 7th October 2019.
Rivers State Governor, Nyesom Wike, has decried the faulty electoral system in the last 20 years of the nation’s democracy, declaring that it is responsible for the poor leadership selection process.
The Rivers State Government has acquired 45 per cent of Shell Petroleum Development Company’s interest in Oil Mining Lease 11 in Ejama and other communities in Ogoni.
The Rivers State Governor, Nyesom Wike, on Monday said that the state government had acquired the 45 per cent interest of Shell Petroleum Development Company of Nigeria in Oil Mining Lease 11 located in Ejama Ebubu community, Eleme Local Government Area and other communities in Ogoni.
The federal government says it is determined to continue to extract over 35,000 barrels per day of crude oil output lost to a community dispute in the Niger Delta region.
The Nigerian National Petroleum Corporation (NNPC), says the existing peace in Kula community in Rivers is the best to ensure smooth operation of Oil Mining Lease (OML) 25 flow station.
The Nigerian National Petroleum Corporation, NNPC, yesterday, signed an agreement with Nigeria Agip Oil Company, NAOC, and Oando, for the transfer of NNPC’s stake in three oil wells, Oil Mining Lease, OML, 61, 62 and 63 to its upstream subsidiary, Nigerian Petroleum Development Company, NPDC.
Huawei will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows. U.S. pressure on Huawei’s suppliers has made it impossible for the company’s HiSilicon chip division to keep making the chipsets, key components for mobile phone, Richard Yu, CEO of Huawei’s Consumer Business Unit was quoted as saying at the launch of the company’s new Mate 40 handset.
The Federal House of Representatives, in it’s oversight function, has uncovered many power projects, put together at the cost of N156 billion, that are being abandoned or are yet to be completed by the Transmission Company of Nigeria (TCN).
The Biafra Nations Youth League, BNYL, on Saturday, warned Miyetti Allah Kautal Haure not to allow the Fulani Security group to operate in the Southeast and Southsouth to avoid bloody confrontation by both groups.
Barely a week after President Muhammadu Buhari’s closest ally and nephew, Malam Mamman Daura, spoke against zoning of presidency ahead of the 2023 election, Kaduna Governor Nasir El-Rufa’i has said the next President should come from the South.
Mr Ibrahim Odumboni, Acting Managing Director, Lagos State Waste Management Authority (LAWMA), said the authority arrested 13 cart pushers and seized 29 carts for violating environmental laws of the state.
Nigeria’s telecoms company, 9mobile, has announced the launch of embedded subscriber identity module (eSIM) on its network. eSIM is a software-based digital chip that comes along with a device directly embedded by the manufacturer. eSIM replaces the traditional physical plastic SIM card for compatible devices and brings a whole new spectrum of benefits and possibilities.
An Ekiti State High Court, Ado Ekiti Division, on Thursday sentenced a 25 years old herdsman, Mohamodu Haruna, to death by hanging for killing a fellow herder, one Mohamadu Usman.
The Nikkei index in Tokyo finished Monday’s trading session with a 2.2% gain. Hong Kong’s Hang Seng index is down 0.7% in late afternoon trading, while Shanghai’s Composite index is up 1.4% after a private survey showed Chinese manufacturing activity rose in July.
The House of Representatives Committee on Power has tasked the Transmission Company of Nigeria (TCN), to ensure completion of two power substation projects in Kano State, within four months.
Roma on Thursday announced a change of ownership, with US billionaire Dan Friedkin buying the Serie A club for 591 million euros ($700 million).