Investigations have revealed plans by Equinor to raise $1billion from 20 per cent proposed equity divestment owned in the deep Offshore Agbami field. Hence, Equinor has hired Standard Chartered to assist in a sale of the Norwegian energy major’s stake…
Youths of Nonwa, Uedume community in Tai council of Rivers State have discovered a crude oil tapping point on the Trans Niger Delta Pipeline operated by the Shell Petroleum Development Company of Nigeria Limited. Confirming the discovery, the Executive Director,…
Some stakeholders in oil and gas industry have commended the Federal Government for revamping the Port Harcourt Refinery, expected to begin partial operation in the first quarter of the year. The stakeholders who spoke with the Newsmen in Lagos on…
The Economic and Financial Crimes Commission, EFCC, recovered approximately N13bn as proceeds from illegal payments made under the subsidy regime between 2017 and 2021. Reports state this in a document recently obtained from the Nigeria Financial Intelligence Unit, NFIU website…
Shell will pay 15 million euros ($15.9 million) to communities in Nigeria that were affected by multiple oil pipeline leaks in the Niger Delta, the oil company on Friday said in a joint statement with the Dutch division of Friends…
Police in Bauchi State on Monday dismissed a viral report that 10 persons were killed by assailants in Alkaleri Local Government Area where oil was recently discovered. Police spokesman in the state, SP Ahmad Wakil, stated in Bauchi that the…
The Chairman of Greenville LNG, Mr. Eddy Van Den Broeke has cleared the air on the allegation of breaching the gas supply contract with BUA cement. NewsDirect learnt this in a chat with Eddy van den Broeke on Thursday in…
The Presidency on Friday revealed that nine oil-producing states received N625.43bn 13 percent oil derivation, subsidy, and SURE-P refunds from the Federation Account in two years. “The states that received the refunds dating from 1999 to 2021 are Abia, Akwa-Ibom,…
Former leader of the defunct Niger Delta Peoples Volunteer Force, NDPVF, Mujahid Dokubo-Asari, has claimed that those who steal oil in the Niger Delta make more money than going into drugs. He made the revelation on Friday morning while fielding…
President Muhammadu Buhari has launched the crude oil drilling project in northern Nigeria on boundary between Gombe and Bauchi States. The project is to be carried out under the Kolmani Integrated Development Project, comprising upstream production, oil refining, power generation…
