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Oil Mining Lease
The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested over $16 billion in Nigeria’s oil industry and described the country’s one of its largest investment destinations.
The Federal government on Thursday, told the Abuja Division of the Federal High Court that its refusal to renew the operating license of Shell Petroleum Development Company (SPDC) was in the interest of the nation’s security.
Rivers State Governor Nyesom Wike has said he will develop stakeholder communities in Oil Mining Lease (OML 25).
Atesuo Community in Warri North council area of Delta state has threatened to shut down operations of the Nigeria Petroleum Development Company (NPDC) and Elcrest Exploration and Production Company, over alleged repeated failure to recognise and treat them as one of their host communities.
The management of Green Energy International Limited (GEIL), the operator of the Otakikpo marginal field in Oil Mining Lease OML 11 has secured Federal Government’s approval for the full Field Development Plan (FDP) and Environmental Impact Assessment (EIA) to enable the company implement the phase 2 development of the field.
Globacom Chairman Mike Adenuga Jnr, with interests in oil exploration and real estate has moved up, ranking next to Aliko Dangote as Africa’s second richest man.
Neconde Energy Limited and its Joint Venture Partner – the National Petroleum Development Company (NPDC) in Oil Mining Lease (OML) 42 have commenced production and delivery of gas to the domestic market through the Nigeria Gas Marketing Company.
The Nigerian National Petroleum Corporation (NNPC) has commended the Nigerian Petroleum Development Company (NPDC), for achieving 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility (IGHF).
The FPSO sailed away from the quayside at Samsung Yard in Geoje, South Korea on October 31, 2017 and arrived at the Samsung Yard (SHI-MCI FZE quayside) in LADOL free zone in Lagos in January, where it was integrated locally by Samsung Heavy Industries Nigeria (SHIN) Limited.
It was alleged that the $33 million demand, which is one per cent of the cost of the FPSO, is frustrating the ongoing integration, thus potentially putting the efforts to bring the Egina field on stream by the end of this year in jeopardy.
The Economic and Financial Crimes Commission, EFCC, on Thursday, told the Federal High Court in Abuja that former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, did not declare the $9,772,800 and £74,000 that was recovered from his guest house in Kaduna.
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.
The Federal Government has given approval to Green Energy International Limited to commence the construction of the 12 million standard cubic feet per day, MMSCFD, capacity Liquefied Petroleum Gas, LPG, extraction plant at Ikuru Town, in Rivers State.
A Federal High Court, sitting in Lagos State, has rejected the application by the Allied Energy Plc and Camac International (Nig) Ltd seeking a Mandatory Injunction against the Nigerian Agip Exploration Limited (NAE) to stop the execution of an order to stop the seizure of assets under the court process initiated by NAE at the Federal High Court Lagos and Port Harcourt, Rivers State.
Royal Dutch Shell has filed a criminal complaint against a former employee over suspected bribes in the sale of a Nigerian onshore oilfield in 2011, shedding more light on the company’s activities in the oil-rich West African country.
Nigeria’s oil and gas industry is set to record another milestone as the 3.3 billion dollar Floating Production Storage Offloading vessel for the 200,000 barrels per day capacity Egina deepwater oilfield arrives Nigeria from South Korea on January 23.
Addax Petroleum Development (Nigeria) Limited, which operates Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) PSC has produced 425 million barrels of crude oil and generated over $7 billion in revenue to the Nigerian government since 2009 when SINOPEC took over the company.
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A joint border security exercise involving the military, paramilitary and intelligence agencies is underway as part of government’s strategic, multi-sectoral effort aimed at securing Nigeria’s land and maritime borders.
The Adamawa/Taraba Zonal Command of the Nigerian Customs Service (NCS) has seized rare but outlawed items as well as more widely traded but contraband items across the two states constituting the command.
Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it.
Mr. Femi Adesina and Mallam Garba Shehu have been reappointed as Special Adviser on Media and Publicity and Senior Special Assistant on Media and Publicity, respectively by President Muhammadu Buhari.
Thousands of residents have been displaced in Guri, Kirikassamma and Birnin Kudu council areas, the Executive Secretary of the State Emergency Management Agency, Sani Ya’u, told reporters on Tuesday.
Nigeria is demanding that the African Development Bank (AfDB) take over the funding of several projects geared at maintaining air safety in Africa following the decision of the United States of America to suspend the allocation of funds for the ‘safe sky programme’ in Africa.
Alexis Sanchez has “been a disaster” for Manchester United, admits Gary Neville, with the Red Devils legend looking for the Chile international to be moved on before transfer windows close across Europe.
The Anti-Corruption and Transparency Monitoring Unit, has called for transparency and ethical dealing in the Nigerian forex market trading, stressing that transparency and ethical dealings will enhance the growth of the foreign currency trading in the country.
The Indigenous People of Biafra (IPOB) has said that contrary to some reports none of its members was arrested in Ebonyi State.
No fewer than four persons were killed when armed bandits invaded the Tsayu village in Jibia Local Government Area of Katsina State on Sunday night.