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Oil and Gas
Fishermen Raise Alarm Over Fresh Oil Spill at Chevron’s Oilfield In Bayelsa
There are strong indications that crude oil spill has reportedly occurred at Funiwa oilfield operated by Chevron Nigeria Limited (CNL) in Koluama, Southern Ijaw Local Government Area of Bayelsa State.
Fishermen…
Iraq Oil Minister Expects Oil Prices To Reach $60 A Barrel In Second Quarter
Iraqi Oil Minister Ihsan Abdul Jabbar expects oil prices to reach around $60 in the second quarter of 2021, he said in an interview with Iraq’s Sharqiya TV.
The minister added that in past meetings he had asked OPEC members to…
AFTER MEETING WITH NNPC GMD: Rivers Reopens Shell’s Kidney Island Asset
THE Rivers state government has reopened Shell Petroleum Development Company (SPDC) operational base, Kidney Island, after it was taken over on December 23, 2020.
This was disclosed in a statement…
Shell Dismisses Claims By Rivers State Govt Over Possession Of OML 11, Insists Matter Still In Court
Shell Petroleum Development Company, (SPDC), has dismissed the claim by the Rivers state government that it has taken over the facility and interest of the oil giant in OML11, adding that the matter was still in court.
Recall…
BREAKING: Rivers Govt Takes Possession Of OML 11, Kidney Island
The Rivers State Government has secured the enforcement of her interest in the acquisition of 45 percent equity stake in Oil Mining Lease (OML) 11 and Kidney Island in Port Harcourt.
Accordingly, Kidney Island, which was once…
Crude Oil Price Crushes Amid 2nd Wave Of Coronavirus
Crude oil prices on Tuesday crushed , extending sharp losses overnight, as the rapid spread of a new strain of the novel coronavirus in the United Kingdom prompted several countries to close their borders to British travellers and freight.…
MT TIM BEGELE: Court Jails Four Oil Thieves In Lagos, Forfeits Vessel to FG
The Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentencing of four oil thieves and a vessel, MV Tim Begele, before Justice A.M. Liman of the Federal High Court sitting in Ikoyi,…
Massive Oil Spill Pollutes Bayelsa Creeks, Communities
Massive oil spill has occurred in Southern Ijaw Local Government Area of Bayelsa State polluting creeks and communities, it has been learnt.
It was learnt that the spill which occurred on Sunday from facility suspected to belong to the…
ZAMFARA GOLD: New Militant Group To FG: Pay 13% Derivation Directly To Oil Producing Communities.
A new coalition of 36 militant groups, Continuous Emancipation of Niger Delta, CEND, has called on the federal government to pay 13 per cent derivation directly to oil and gas producing communities or would be forced to carry out continuous…
Supreme Court Affirms Rivers State Purchase Of OML 11, Kidney Island
The Supreme Court has affirmed Rivers state government acquisition of 45 percent equity stake of Shell Petroleum Development Company in Oil Mining Lease (OML) 11 and Kidney Island in Port Harcourt.
Rivers State government acquisition of…