Abuja — Nigeria’s petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil‘s $1.28 billion sale of shares in its Nigerian unit to Seplat (SEPLAT.L... Read more
09 February 2018, Sweetcrude, Houston, Texas – ExxonMobil Corporation said Thursday it added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183 pe... Read more
“NEITI is committed to working closely with the companies under the EITI framework to create good business environment that is conducive for the inflow of more foreign direct investments int... Read more
He said, “If the amount of empathy, concern and commitment to the people in the Niger Delta and their plight shown by the Buhari administration had been shown by past governments, there woul... Read more
28 February 2017, Abuja – The Economic and Financial Crimes Commission has said it is still investigating a former Attorney General of the Federation and Minister of Justice, Mr. Moham... Read more
North America’s crude oil import from Nigeria increased from 5.9 million barrels in October to 13.1 million barrels in November 2016. The North America countries, which include Canada, Panam... Read more
He said, “The focus of the Board compliance monitoring had focused largely on the upstream sector operations of the industry, mainly because of the higher percentage spend in the sub-sector.... Read more
“Honestly speaking, the level of mining companies compliance with the ministry’s law and regulation is very low. We have started a sensitisation programme across all the zones, educating the... Read more
The OPL 245, an oil field believed to be the largest in Africa with over nine billion barrels of crude, was said to have been fraudulently acquired from the Federal Government by Malabu Oil... Read more
“So, what actually we are developing is a Nigeria Flag National Fleet and in this particular instance, the model that we are working on is for private investors to bring their funds and the... Read more
