Tag: oil and gas
$7b racket: Nigeria moves to rein in oil thieves
Governor Godswill Akpabio of the southern Nigerian state of Akwa Ibom has been appointed as the head of the Committee…
Oil theft, signs amnesty not working, says PENGASSAN
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN has described recent claims by the Special Adviser to…
Shell shuts major pipeline, output cut by 150k barrels
Shell has shut a major pipeline in Nigeria for the second time in less than a month after locating another…
Shell mulls more asset sales in Nigeria
Oil giant Shell announced Friday it may sell more of its onshore oil blocks in Nigeria, where theft and sabotage…
Total launches new oil field off Nigeria
French oil giant Total on Friday said it would begin work on an oil field off the coast of Nigeria,…
Angola begins gas export to Brazil
Angola announced Sunday it has started producing and exporting liquefied natural gas (LNG), with a first shipment departing from the…
Samsung Heavy wins $3bn order from Nigeria
SEOUL(AFP) – South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a…
Chevron offloads two Nigerian oil blocks
US-based Chevron announced Tuesday it was selling its interest in two Nigerian oil blocks, becoming the latest multi-national to part…
Nigerian community reports Shell, Agip to UN, wants $1billion
The Paramount Ruler and elders of Nembe Kingdom in Bayelsa, have petitioned the UN over alleged destructive oil exploration activities…
Flawed Implementation Of Amnesty Programme Cause Of Oil Theft In The Niger Delta
Toyin Akinosho, geologist and former employee of an international oil company is the Publisher of the highly rated Africa Oil…
Angola targets 2mbd, to tie Nigeria’s output
Angola’s national oil company Sonangol said Monday it is targeting a 16 percent rise in oil production to hit 2…
Shell’s profit drops
British energy giant Royal Dutch Shell said Thursday that net profit slid 14 percent last year, despite an upturn in…
Furore Over Heritage’s Oil Bloc
Criticisms trail sale of strategic OML 30 oil bloc by Royal Dutch Shell to Heritage Oil, majorly owned by Tony…
NNPC earmarks N152b for refinery repairs
Repair works on Nigeria’s three refineries in Port Harcourt and Warri would gulp N152billion in 2013. The Punch reports that…
Nigeria: Oil workers picket Shell, Chevron offices
Oil workers picketed the offices of Shell and Chevron in Nigeria on Tuesday over plans to cut jobs and amid…
Corrupt oil sector: Jonathan asks for Ribadu report
Ayorinde Oluokun /Abuja President Goodluck Jonathan has directed that a comprehensive report of the Petroleum Revenue Special Task Force chaired…
Shell declares force majeure on Nigeria’s exports
Anglo-Dutch oil group Shell said Tuesday it may not meet contractual obligations on certain exports from Nigeria because of theft…
Russian crew members abducted in Nigeria
Kidnappers have boarded a ship off Nigeria and abducted seven crew members, including six Russians and one Estonian, in the…
NIMASA Unseals Iheanacho’s Oil Tank Facility
The Nigerian Maritime Administration and Safety Agency (NIMASA) said it has unsealed Integrated Oil and Gas petroleum products tank facility…
3 Arraigned Over N1.5m Bribe
Three members of the Presidential Committee on Fuel Subsidy Verification, Alalade Abioye, Buhari Ganiyu and Oni Oluwasola were Wednesday arraigned…
Eleme Youths Block Onne Ports
Business activities in the oil and gas industry in the oil-rich Rivers State, southsouth Nigeria, were disrupted today, as thousands…
NNPC selects 2 Japanese firms for Brass LNG
Nigeria’s immense gas resources took global attention in Tokyo, Japan yesterday at the maiden edition of the LNG Producers –Consumers…
A Former Minister In Oily Mess
Tongues are still wagging following the arrest of former Minister of Interior, Captain Emmanuel Iheanacho, for alleged theft of petroleum…
Shell shuts leaking pipeline
A Shell pipeline taking crude oil to a processing station in Nigeria’s Rivers state was closed after a leak was…
Shell Sells Oil Block For $102m
Shell said Monday it has completed the sale of its share of an onshore oil block in southern Nigeria to…
NUPENG threatens strike from Friday
Long lines formed at some petrol stations in Nigeria’s economic capital Lagos on Wednesday after the National Union of Petroleum…
Reps Pledge Support For Indigenous Operators
Indigenous operators in the nation’s fledging oil and gas sector have been assured of supportive legislature that would guarantee sustenance…
World oil prices slide as Norway strike ends
Global oil prices slid Tuesday after Norway halted an oil workers’ strike that threatened production and news of weak Chinese…
Yakubu, NNPC GMD formally unveiled
The Nigerian National Petroleum Corporation has formally unveiled its new group managing director, Engineer who was appointed last week to…
NNPC GMD Bemoans Nigeria’s Daily Oil Loss To Thieves
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Engr. Austen Oniwon has called on the House of…