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Shell commences distribution of $1m relief materials to support flood victims in Niger Delta

Shell Petroleum Development Company Nigeria Limited, has called on other players in the region to join in the efforts to provide relief materials for...

NEITI audit: FG recovers N600bn from oil companies

The Federal Government has recovered N600bn from oil and gas companies operating in Nigeria which comprised unpaid taxes, royalties, penalties and commission on rentals...

Oil companies debt to Nigeria amounts to N1.32 trillion in 2020 says NEITI  

  Nigeria earned $20.43 billion from the sector in 2020, a decline of 40 per cent compared to $34.22 billion realised in 2019. The Nigeria Extractive...

NLNG Debunks Report from Sahara Reporters of alleged Operation of illegal International Cartels with Nigerian Oil Companies worth $1billion to US, South American Companies

The attention of Nigeria LNG Limited, NLNG, has been drawn to a Sahara Reporters news story on 15th February 2022 under the caption: “EXCLUSIVE: How...

NNPC Secures $5bn Funding from Afreximbank for Upstream Business, Others

The Nigerian National Petroleum Company Limited, NNPC, has secured a $5 billion corporate finance commitment from the African Export-Import Bank (Afreximbank) to fund major...

Petroleum Industry Act – A New Era for the Nigerian Oil and Gas Upstream Industry

Introduction Introduced in 2007 to revamp the oil and gas sector, ensure an optimal level of transparency and accountability by strengthening governing institutions and attract...

NCDMB parley with host communities on security of projects, jobs 

 L-R: Director, Planning, Research & Statistics NCDMB, Daziba Patrick Obah; General Manager Corporate Communications and Zonal Coordination NCDMB. The Nigerian Content Development and Monitoring Board,...

Jubilations as National Assembly Passes PIB

  …Niger Delta communities to get 5% of oil wealth Nigerians are glad to hear the good news that both chambers of the National Assembly have...

Why NNPC Contracts Vitol, 25 Others to Handles New Crude Lifting Contracts 

The Nigerian National Petroleum Corporation, NNPC, has awarded the highly coveted crude term contracts to 26 trading companies made up of both international and...

PIB 2020 will transform Nigeria as the most transparent in Africa-Expert

    The Petroleum Industry Bill 2020, PIB, is set to transform Nigeria as the most transparent in Africa as it will ensure that acreages will...

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