Anglo-Dutch oil major Royal Dutch Shell PLC (RDSB.LN) Thursday said that 195,000 barrels of oil equivalent a day remained shut-in in Nigeria due to the security situation mainly in the WesternNiger Delta. The oil major wasn’t able to provide a … read more
The Federal Government has been advised to ensure that only technical experts are allowed to work on refineries, to ensure they are properly rejuvenated. Making the call in an interview with THISDAY, business development analyst, Alhaji Kabiru Audu, said the … read more
Gunmen suspected to be militants invaded the country home of the Speaker of Bayelsa State House of Assembly, Hon. Werenipre Seibarugu, in Akiabiri, Yenagoa, on Tuesday night and kidnapped his 70-year-old mother. Seibarugu, who was attending a parliamentary conference in … read more
The United States Department of Justice on Wednesday, gave details of how a $6m (about N767.4m) bribe was allegedly given to officials of the Nigerian National Petroleum Corporation/the National Petroleum Investment Management Services, and the ruling Peoples Democratic Party. The … read more
The Delta State Government and the management of Shell Petroleum Development Company have disagreed on the resumption of crude oil lifting at the abandoned Forcados Terminal of the Dutch oil major in the state. While the state government announced Shell�s … read more
Adamawa State command of the Nigeria Security and Civil Defence Corps (NSCDC), has handed over 12 suspects to Economic and Financial Crimes Commission(EFCC), for prosecution over alleged vandalisation of pipelines and electric cables. Commandant of the Corps, Dr Goodluck Koko … read more
Daughter of former President Olusegun Obasanjo, Mrs. Iyabo Obasanjo-Bello and two former governors are among the 54 persons heading stratregic committees in the Senate. Two former governors, Ahmed Makarfi and George Akume, got the chairmanship of Finance and Integration and … read more
Police in Rivers State have said that militants in the Niger Delta were using improvised explosive devices to carry out attacks and explained that it was the deadly device that was used to raid Lone Star Drilling in Soku, where … read more
Youths armed with pistols and Kalashnikovs barricaded all approaches to Victoria Street in Port Harcourt, the main city in Nigeria’s oil-rich Niger Delta, when a funeral took place there recently. With bandanas tied across their foreheads they searched people for … read more
In its determination to sustain petroleum products delivery, the Nigerian National Petroleum Corporation (NNPC) has said it is planning a second pipeline to link the Atlas Cove in Lagos with the Mosimi depot. The corporation�s Group Managing Director (GMD), Engr. … read more