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Tag: oil companies

Shell Posts Record Quarterly Profit Of $11.5bn, TotalEnergies $9bn

Shell Petroleum Development Company of Nigeria Limited
Nigeria misses out in oil windfall as NNPC spends revenue after oil theft on subsidies, leading to inability to remit funds to foreign reserves, thereby deepening Naira’s woes In US,Read More

OPEC+ Resolves To Continue With Gradual 400,000 bpd Oil Output Hikes

Organisation of the Petroleum Exporting Countries (OPEC)
Nigeria’s quota hits 1.753m daily production in May US plans release of 1m barrels per day to lower rising prices The Organisation of Petroleum Exporting Countries (OPEC) again resolved yesterdayRead More

Shell, Eni Declare Force Majeure After Attacks On Oil Facilities In N’Delta

Shell Plc and Eni SpA
Shell Plc and Eni SpA both declared force majeure on key oil flows from Nigeria, threatening to disrupt supplies in a market already fretting about the impact of Russia’s invasionRead More

FG Urges Turkey To Invest In Nigeria’s Onshore Oil Assets

Minister of State for Petroleum Resources, Chief Timipre Sylva
The Nigerian government yesterday called on the Turkish authorities to look at the prospect of funding major oil and gas projects in the West African country, against the backdrop ofRead More

NEITI: Companies Owed FG N1.32trn In 2020, Oil Revenue Dipped By 40%

Nigeria Extractives Industries Transparency Initiative (NEITI)
$394bn remitted to government in 10 years, 4% of Nigeria’s gas production unaccounted for The Nigeria Extractives Industries Transparency Initiative (NEITI) yesterday revealed that oil companies’ liabilities to the federationRead More

Security Agencies Move Against Importers Of Off-spec Petrol

Nigerian National Petroleum Corporation (NNPC)
Begin interrogation of suspects Despite NNPC’s efforts, petrol queues persist in Abuja, Lagos Security agencies have begun the probe of companies and individuals allegedly involved in the importation of toxicRead More

Confusion as 4 Oil Companies Named By NNPC As Liable For Imported Substandard Petrol Deny Accusation

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari
Four of the oil companies accused by the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, of importing substandard petrol have all in writing deniedRead More

NNPC-Chevron Venture Donates 186 Equipment To Ijaw, Itsekiri Cottage Hospitals

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Ltd Joint Venture (CNL)
The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Ltd Joint Venture (CNL) has donated an assortment of hospital equipment and pharmaceutical products to two cottage hospitals at Egbema-Gbaramatu KingdomRead More

Imo Community In Diaspora Condemns Attack On Oil Workers

Imo State
The Ohaji People in Diaspora (OPID) has condemned the recent attack on oil workers affiliated to one of the oil companies operating in Assa, Ohaji in Imo State by unknownRead More

OPL 245: Shell, Eni Should Face Prosecution, HEDA Tells Buhari

Oil giants, Shell and Eni
President Muhammadu Buhari has been asked to ensure that oil giants, Shell and Eni face prosecution in Nigeria. Shell and Eni have been dragged to court in Milan, Italy overRead More