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Royal Dutch Shell
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 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.
Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its inquiry into Shell over the 2011 $1.3 billion acquisition of a Nigerian offshore oilfield.
About 170,000 fishermen from 350 communities in Delta, Bayelsa, Ondo states have expressed hope of victory in a case between it and oil giant, Shell that has been in court since 2011.
Stock markets have rallied after the US and China agreed to restart trade talks, easing fears over the escalation of a damaging dispute between the world's two biggest economies.
Royal Dutch Shell and Exxon Mobil are looking to reenter the market in Somalia ahead of an oil block bid round taking place later this year, the country’s oil ministry said in a statement.
The United States-based financial data media house, Bloomberg, says a former Minister of Defence, Lt.Gen Theophilus Danjuma (retd.), is worth an estimated $1.2bn (N432bn). This is the first time Danjuma’s net worth would be made public.
Barely 48 hours after Aiteo Eastern Exploration and Production Company announced the reopening of operations on the Nembe Creek Trunk Line (NCTL), the facility has again been shut down.
A fire on Nigeria’s oil-exporting Nembe Creek Trunk Line reported on Sunday has been completely extinguished, operator Aiteo said in a statement.
The payment by Shell companies in Nigeria – in taxes and royalty – to the Federal Government and agencies has hit $6.397 billion in 2018.
Royal Dutch Shell Plc’s Nigerian unit agreed a $200 million deal with United Bank for Africa Plc to help its local vendors and suppliers access project finance.
A new report by a non-governmental organisation, Global Witness, has blamed Shell and Eni for their alleged roles in the acquisition of OPL 245 in the oil-rich Niger Delta which is linked to Malabu oil scandal.
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011.
When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors.
Dr Olatoye Ogundipe, a gynaecologist, on Wednesday, says the gender of a child is not determined by the sex position or duration contrary to beliefs by some people.
The All Progressives Congress (APC) National Chairman, Comrade Adams Oshiomhole, and his National Working Committee (NWC) have finally bowed to pressure by fixing the National Executive Committee (NEC) meeting for Friday, November 22.
The Federal High Court Abuja will on December 4, deliver judgment in the suit filed by the Police Service Commission against the Nigeria Police Force over the recruitment of 10,000 constables.
That’s according to a story in the Daily Mail on Wednesday which claims that Spurs chairman Daniel Levy actually wanted Brendan Rodgers to work his magic in north London.
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that the rise in inflation is temporary and will go down aggressively in another three to four months.
The police on Wednesday arrested the Chairman of the National Conscience Party in Katsina State, Abulmumini SheuSani.
Ahead of the rerun election for the Ikot Ekpene Senatorial seat, Senator Godswill Akpabio and Dr. Chris Ekpenyong, have once again engaged in a war of words over the coveted seat.
The Ijaw Youth Council (IYC) Worldwide has called on the National Assembly to ‘sanction’ Minister of Niger Delta Affairs, Senator Godswill Akpabio, for flouting the Niger Delta Development Commission (NDDC) Act, considering the continuous stay of the Interim Management Committee.
Music icon 2Baba and sensational Afro pop diva Tiwa Savage are billed to headline the 6th edition of the All Africa Music Awards, AFRIMA, music village which holds at Agege Stadium, Lagos, on Thursday, November 21.
Engineer Musa Wada, the candidate of Peoples Democratic Party, PDP, has rejected the result of yesterday’s Kogi gubernatorial election.