Author Archives: Chief Oyibo

Ijaw youths take over flow station

The operations of the American oil firm, Chevron Nigeria Limited, suffered further setback in the Niger Delta region on Tuesday as Ijaw youths occupied its Otunana flow station in Warri South Local Government Area of Delta State. The youths reportedly … read more

2007 Bid Round: How FG Generated $615m

The 2007 oil licensing round held last Friday in Abuja has fetched the Federal Government $615.452 million in the form of signature bonuses to be paid by the winning companies that participated in the bidding conference. A report of the … read more

Hercules Halts Some Nigeria Work

Jackup drilling rig and liftboat operator Hercules Offshore Inc. said Monday it will evacuate all its nonessential expatriate personnel from Nigeria, amid increased attacks in the country on oil workers. Hercules said the move is related to the decision by … read more

Protest cuts another 170,000 bpd

Protesters have occupied an oil facility in Nigeria’s restive southern region, causing oil production cuts of 170,000 barrels per day in the latest disruption to hit Africa’s biggest producer, a spokesman for Royal Dutch Shell PLC said on Tuesday. Precious … read more