Oscarline Onwuemenyi 27 September 2017, Sweetcrude, Abuja – Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, says Nigeria’ crude…
Browsing: Force majeure
OpeOluwani Akintayo 05 September 2017, Sweetcrude, Lagos — Nigeria’s crude oil production for the month of May 2017 was less…
Ike Amos 14 July 2017, Sweetcrude, Abuja — Shell Petroleum Development Company of Nigeria, a subsidiary of Royal Dutch Shell,…
She noted that apart from oil revenue, NNPC had for 67 consecutive months, paid additional N6.33bn into the federation account to be shared among the three tiers of government. The payment commenced in September 2011 after auditing of the accounts of the oil firm showed that it had been under remitting to the federal government.
By the resumption, Nigeria returns to the status of Africa’s largest oil exporter, a title it lost to Angola in 2016. The loss followed militant attacks on the nation’s oil infrastructure in the oil-rich Niger Delta region.
Ike Amos 09 June 2017, Sweetcrude, Abuja — Shell Petroleum Development Company, Friday, declared force majeure on Nigerian Bonny Light…
Shell declared the force majeure on Forcados shipments in February 2016 after rebel group Niger Delta Avengers (NDA) bombed the main crude supply line to the terminal, causing massive spills in the area.
07 June 2017, Sweetcrude, Lagos – Nigeria expects to see its oil production back to its original 2.2 million barrels…
25 December 2016, Lagos – With global oil prices trading above the $50 per barrel mark since November 30, the…
Oscarline Onwuemenyi 17 December 2016, Sweetcrude, Abuja – A total sum of N386.879billion has been disbursed as Federal Allocation for…
