Niger delta residents pass a burning Shell oil pipeline as they evacuate their homes by boat in December 2005. Photograph: George Osodi/AP Oil company Shell will resume talks next week in London with lawyers representing 15,000 of the poorest people in …
HOUSTON, June 19, 2013 /PRNewswire/ -- Elvis Angyiembe, an associate in Burleson LLP's Houston location, will speak at the International Law Institute's 2013 International Oil and Gas Development course in Washington, D.C. (Photo: http://photos. …
VENTURES AFRICA – Professional services firm, Akintola Williams Deloitte (AWD) has announced the formation of an integrated practice across Africa, with Nigeria playing a strategic role in its new growth strategy. As part of the integration, Deloitte has …
Business News of Wednesday, 19 June 2013 Source: B&FT The Scottish Government is expected to set up an office in the country by the end of the year for its investment promotion arm, Scottish Development International (SDI), to promote the interest of …
Insurance brokers and other stakeholders in insurance business in the country who are worried about the growing number of captive insurers in the country have been reassured that the trend is not meant to take away food from their tables. A captive is an …
Port Harcourt — Nigeria Union of Petroleum and Natural Gas Workers, NUPENG and Petroleum and Natural Gas Senior staff Association of Nigeria, PENGASSAN have handed both the federal and the Rivers State Governments, a seven-day ultimatum to commence work …
The Nigeria Liquefied Natural Gas (LNG) Limited (NLNG) Tuesday dragged the Nigerian Maritime Administration and Safety Agency (NIMASA) to a Federal High Court in Lagos, seeking judicial clarity and interpretation on the legality or otherwise of the …
Chevron Nigeria Limited, the Nigerian subsidiary of U.S. Chevron Corporation, said on Tuesday that it is divesting interests in three more Nigerian oil blocks. The affected acreages include oil mining leases (OMLs) 52, 53 and 55 in the Niger Delta from …
Possibly in anticipation of the PIB there has been a steady shift of the interest of Oil Majors from Nigeria's shallow waters to deep offshore fields with higher risk and huge returns, Chevron being the latest oil major to indicate an interest in …
Lagos — Lekoil 113 Nigeria Limited has said it is proposing the acquisition of a 6.5 per cent participating interest in Oil Mining Lease 113. OML113 is located offshore Nigeria in the Benin Embayment along the West African Transform Margin adjacent to Oil …
4:40pm: Answering questions at a mortgage conference, the RBA's head of domestic markets, Chris Aylmer, pointed to a pickup in building approvals, housing loans and auction clearance rates as signs that low rates were boosting demand. "We're …
By Rob Davies PUBLISHED: 03:11 EST, 19 June 2013 | UPDATED: 03:12 EST, 19 June 2013 Royal Dutch Shell’s claims to be reducing the amount of oil it spills in Nigeria have been undermined by a report into how it publishes data on environmental disasters. …
Shares in mining engineer WorleyParsons are up three per cent after a South Korean shipbuilding giant awarded it a $US100 million ($A105.97 million) offshore oil and gas contract in Nigeria. The news comes a month after a profit downgrade saw its shares …
A Curse in a Land of Plenty Most of Nigeria's oil lies in the Niger Delta Basin. The Niger River flows through this megadiverse land on its way to the Gulf of Guinea and the Atlantic Ocean beyond. The region is is home to about 31 million of Nigeria…
Mobil Oil Nigeria Plc (MON) is one of the two petroleum products marketing firms where foreign investors have controlling interest. The second company is Total Nigeria Plc. However, unlike Total Nigeria, MON has a Nigerian as chairman/managing director. …
IT’S impossible not to like Nigerians. A combination of resilience and optimism has seen Africa’s most populous nation survive alacrity of profiling insults like no other on the continent: according to local legend, Nigerians are all dishonest cocaine …
Posted: June 9, 2011 at 6:33 am OPEC decided not to change its production targets after bickering among its members. Crude prices rose above $100 on the news. There are worries that any sign of increased global consumption tied with the OPEC decision will …
CALGARY, June 18, 2013 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") (TSX: OXC) today announces that on June 10, 2013 the Sakson Hilong 10 rig (2000 HP) spudded the AAS-1 well in the Hawler license …
18 June 2013 Last updated at 10:45 ET By Mark Doyle BBC International Development Correspondent The piracy problem off the coast of West Africa highlighted by an International Maritime Bureau (IMB) report is, overwhelmingly, a Nigerian problem. The IMB …
The Petroleum Equalisation Fund (Management) Board has raised the alarm on activities of corrupt oil marketers who are hell-bent at subverting the smooth implementation of its ongoing real-time electronic loading scheme. PEF stated that the scheme, " …
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