Nigeria's Oil & Gas

Nigerian court orders fresh trial of Blue Dolphin Limited over illegal oil bunkering

Justice Philomena Ekpe of the Court of Appeal, Calabar division, Cross Rivers State,   on Tuesday, May 19, 2020  set aside the decision of a Federal High Court sitting in Uyo, Akwa Ibom State, which acquitted Edward...

Femi Adesina: Averting the road to Venezuela

Let’s tell the story of Venezuela, because it bears striking similitude with that of Nigeria.Just like us, Venezuela is rich in oil, very rich. At a time, the county’s problem was not...

President Buhari extends tenure of NDDC interim management committee

President Muhammadu Buhari has extended the tenure of the Professor Keme Pondei-led Interim Management Committee of the Niger Delta Development Commission (NDDC) from May 1 to December 31, 2020.The extension is to...

Atiku Abubakar writes an opinion article on “how to pull Nigeria from the brink”

On Monday, April 27, 2020, British oil and gas giant, BP, became the latest in a growing number of energy firms to declare a massive quarterly loss. Their loss was in the region of $4.4 billion dollars. Bear...

Agip Oil disregarded COVID-19 safety measures and put Nigerians at risk, group says

The Nigerian Oil AGIP Company Limited, a multinational oil and gas producing firm, disregarded safety measures and put Nigerian staff at risk, the National Youth Response Group said in a statement received by TODAY NEWS AFRICA...

Nigeria to cut down N10.59 trillion 2020 budget over fall in oil prices

The Nigerian Senate on Tuesday said a cut to the N10.594 trillion budget for 2020 passed by the National Assembly on December 5, 2019, was “inevitable” following the crash in crude oil prices.

Buhari government to SERAP: We have no record on spending of $5 billion Abacha loot

The Buhari administration has told the Socio-Economic Rights and Accountability Project (SERAP) that it has no records on the exact amount of public funds stolen by a former military head of state, Sani Abacha and...

Falling oil prices: A challenge for Nigeria to look inwards – Lawan

President of the Nigerian Senate, Ahmad Lawan on Wednesday said the global falling price of crude oil should be a challenge for Nigeria to devise other means of growing the nation's economy.Speaking...

Nigeria Senate proposes stiffer sanctions for gas flaring from 2021 as Nigeria loses N217 billion annually

The Nigeria Senate on Thursday considered a bill which proposes stiffer sanctions for any person or corporate entity involved in gas flaring in Nigeria from January 1, 2021.The Gas Flaring (Prohibition and...

2020 could be Shell’s year of human rights abuses reckoning in Nigeria – Amnesty

In 2020 Shell will face unprecedented legal scrutiny over decades of human rights abuses in Nigeria, Amnesty International said on Monday, as the oil giant braces itself for conclusions in a string of European court battles....

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Five human‑made “megatrends” will  continue to  dominate and frustrate global efforts to put the world on...

UN calls for bold action for world to recover from COVID-19

Amidst a crisis unlike any other in our lifetimes, with COVID-19 destroying lives and livelihoods across the globe, the 75th session...

Top UN economists warn of crises of our own making if global “megatrends” left unchecked

Five human‑made “megatrends” will  continue to  dominate and frustrate global efforts to put the world on a more sustainable and prosperous...

IMF approves disbursement of additional $1 billion for Angola to respond to COVID-19 economic fallout

The International Monetary Fund (IMF) on Wednesday approved the disbursement of an additional $1 billion for Angola to respond to...

World leaders welcome launch of GCA Africa to beat climate change

The Global Center on Adaptation on Wednesday announced the launch of its regional office in Côte d’Ivoire.Hosted...

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