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Oil

Seven oil companies to remit N58b in royalties, others resist on N2.5t debt; only Shell up to date

Press Statement House of Representatives Secures Commitment of 7 Oil Companies to Settle $37.4m Owed to Federation Account Before August Consequent upon the ongoing investigation by...

The town that refused to buy its own palm oil and its restive youth

By Agbor E. Ntufam Dan, was a very industrious person, he came from a long lineage of big time rice farmers. In fact, at a...

Oil exploration in middle Benue trough will lead to greater prosperity, energy security, President Buhari declares as exploration activities begin in Nasarawa state

President Muhammadu Buhari on Tuesday declared that the discovery and drilling of oil in Nasarawa State will lead to greater prosperity for Nigerians as...

Supreme Court resolves 17 oil wells ownership tussle in favour of Rivers

By Yemi Oyeyemi, Abuja. The Supreme Court, on Friday in Abuja in a landmark judgment, has resolved the ownership dispute of 17 oil-rich wells in...

Start selecting host communities BoTs, NOA urges oil communities

The National Orientation Agency (NOA) has called on oil bearing communities to commence the selection of credible persons to populate the Board of Trustees...

Supreme Court shifts Rivers, Imo’s legal battle on 17 Oil Wells ownership to 1st Nov.

By Yemi Oyeyemi, Abuja The Supreme Court on Tuesday in Abuja shifted the legal battle by Rivers and Imo states on ownership of 17 rich...

PIA, gas initiatives will transform energy sector – Osinbajo

The passage of the Petroleum Industry Bill, as well as Nigeria’s gas initiatives, will help transform Nigeria into a gas-based industrialized nation and also...

How to turn artisanal refiners into strategic partners in the oil-producing areas, by VP

How to turn artisanal refiners into strategic partners in the oil-producing areas, by VPThe integration of artisanal and modular refinery operators into mainstream oil...

Former presidential aide dragged to court over sack of oil company directors

The lingering boardroom crisis in an indigenous oil firm - Green Energy International Ltd - has been taken to a Federal High Court in...

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