The Minister of Petroleum Resources, Dr Ibe Kachikwu has disclosed that various government entities as well as oil companies in the Niger Delta region have spent over 40 billion dollars without any meaningful development in the last 10 years. The Minister of State for Petroleum...

Chevron and Eni, two of the global oil majors operating in Nigeria, and their local counterparts such as Seplat and Oando may have been worst hit by the production disruptions occasioned by militant attacks in the Niger Delta, their financial results have shown. Chevron Corporation,...

The Federal Inland Revenue Service has sealed off two oil services companies in Port Harcourt, Rivers State. The affected firms, Cetco Oilfield Services Company, located in the Trans-Amadi area of the city, and Aquashield Oil and Marine Services Limited, according to the FIRS, have tax...

...2.5b, wants culprits tried ...Senate begins review of report today The Economic and Financial Crimes Commission (EFCC) will soon embark on probe of erring oil firms in Nigeria over unremitted oil revenue to the Federal Government. To ensure that anyone found guilty of misappropriation of the country’s...

The Niger Delta Avengers, the new face of violent agitations in the region has issued a two-week ultimatum to owners and operators of oil blocs in the area to shut down their business operations and evacuate all their staff or face a ‘bloody’ attack. The...