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Oil Mining Licence

Rivers State Governor, Nyesom Ezenwo Wike presiding over a meeting with the management of the SPDC, Belemaoil Limited, Host Community Leaders and Security Service Commanders over OML 25 at the Government House Port Harcourt on Saturday.

OML-25: Governor Wike directs parties to resolve issues, re-open facility in seven days

The Rivers State Governor, Nyesom Ezenwo Wike, has directed all parties in dispute over the Oil Mining Licence, OML-25 to resolve all contending issues within 7 days and reopen the oil facility.

Delta, Akwa Ibom received highest as federal, states, local governments shared N8 trillion in...

A new report has disclosed that the federal government, 36 states and the 774 local government councils in Nigeria shared a total sum of N8 trillion from the Federation Account in 2018 in spite of the shut-ins in several oil installations during the period.

NNPC pays IOCs $993.7 million of $5.1 billion cash call debt

The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it had so far paid $993.7 million of the negotiated $5.1 billion cash call debt it owed International Oil Companies (IOCs) whom it is in joint ventures oil production with.

OPL 245: A most popular oil block

The Petroleum Act 1969 (as amended) grants powers to the Ministry of Petroleum, acting through the Department of Petroleum Resources (DPR) to administer the licensing of oil blocks in the country.

House of Reps hails Total’s Egina FPSO on local content

The Chairman, House of Representatives Committee on Local Content has described the Egina Floating Production Storage and Offloading (FPSO) of Total Upstream Nig. Ltd. as a pride for Nigeria.

N5.76trn Total Upstream Nigeria Egina FPSO berths in Nigeria

The Total Upstream Nigeria Limited (TUPNI) $16 billion (N5.76 trillion) Egina Floating Production Storage and Offloading unit (FPSO) project on Wednesday arrived Nigerian shores from South Korea.

Senate summons NNPC chief Maikanti Baru, Shell over controversial contract

The Senate Committee on Ethics, Privileges and Public Petitions has summoned the Group Managing Director, GMD, of the Nigeria National Petroleum Corporation, NNPC, Maikanti Baru, and Shell Petroleum Development Company, SPDC, over the revocation and re-award of Oil Mining Licence (OML) 13 allegedly without due process.

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