The Shell Nigeria Exploration and Production Company (SNEPCO) and Nigeria-AGIP Exploration Ltd have asked a Federal High Court in Abuja to set aside an order for the forfeiture of the OPL 245. The chairman of the Economic and Financial Crimes Commission (EFCC) had in an...

…Begin entrepreneurship training for staff Shell and Chevron have begun entrepreneur-ship valedictory training for some of their staff, as the lingering tough time forced the companies and other International Oil Companies (IOCs) operating in Nigeria to slate about 250 fresh staff for disengagement, New Telegraph...

ROYAL Dutch Shell, weekend, confirmed plans to sell over 16 assets each worth more than $500 million. Though the report had no mention of what location or country which its assets is up for sale, but explained that the move is part of its...

The crude oil production figure provided by Nigeria to the Organisation of Petroleum Exporting Countries for last month was 139,000 barrels per day lower than the estimate from secondary sources. Nigeria, which lost the Africa’s top oil producer status in March, produced less crude oil...

A Federal High Court in Lagos will on September 30, 2016 hear the suit filed by the federal government against Nigerian subsidiaries of United States multinational Chevron, British-Dutch Shell, Italian ENI’s Agip, France’s Total and Brasoil of Brazilian Petrobas. The government had filed the suit...

Five months after it was attacked and shut down, Shell’s Forcados export line remains offline, causing the country a loss of about $1.6bn (N356.6bn) in revenue. It is still uncertain when the pipeline would come back on stream, although the Minister of State for Petroleum...