The Nigerian National Petroleum Corporation (NNPC) Retail Limited in conjunction with Capital Oil and Gas Industries have extended direct sale…
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WARRI – OVER 20 Ijaw communities in Warri North Council area of Delta have threatened to disrupt the take-off of preliminary jobs at the proposed Export Processing Zone, EPZ, site over non-payment of compensation and even re-settlement of people to be displaced as a result of the gigantic Federal government project.
The Nigerian Government is currently locked in arbitration with Global Steel Holdings Limited over a concessionary agreement for the multi-billion naira Ajaokuta Steel Company that has gone awry.
The board of Brazil’s state-run Petroleo Brasileiro SA (Petrobras) has approved a $224.7 billion, 5-year investment plan, with about 57%…
Houston, Texas, Aug 05 – ERHC Energy Incorporated, a publicly traded American company with oil and gas assets in West…
Shell has shut-in a flowstation in Nigeria following damage to two pipelines. Investigations are still on after the leaks were…
Wednesday, June 29, 2011- Total Upstream received an award of excellence jointly conferred by Emergency Response International (ERI), Advanced Life…
THREE of the international oil companies operating production sharing contracts, PSCs with the Federal Government through the Nigerian National Petroleum Corporation, NNPC have dragged the later before arbitration seeking restitution over alleged scandalous crude oil grab denying them revenues in excess of $8 billion.
The Petroleum Industry Bill (PIB) has become one of the most important policy instruments of the Federal Government of Nigeria and is a major decider of the future structure of Nigeria’s oil and gas industry. It is also the most controversial. I would like to add that how the Goodluck Jonathan administration concludes this initiative started by the Yar Adua/Jonathan Government will fundamentally define the oil and gas industry and the country going forward.
Prior to the riveting exchange of brickbats between former President Olusegun Obasanjo and his deputy, Atiku Abubakar which lasted for most of their second tenure, not many Nigerians knew about the existence of the Petroleum Technology Development Fund, PTDF, talk less of the lofty objectives it was designed to accomplish – except, perhaps, a sprinkling of bureaucrats and persons with inside information.
