More oil service companies, indigenous and foreign owned, may be closing shop this year due to government’s decision to suspend some key projects that are critical to oil and gas industry and the development of local content. One of the … read more
French oil services firm Bourbon (GPBN.PA) said on Wednesday nine crew members were released unharmed in Nigeria along with their hijacked vessel, which had been captured by unknown gunmen in speedboats on Sunday. Bourbon did not say how it obtained … read more
The industrial action called by a factional group of Lagos State Medical Guild began yesterday, taking its toll on some patients seeking treatment at state government-owned hospitals in the state. At some of the hospitals visited by THISDAY to assess … read more
A French ship was seized by pirates off the coast of Nigeria during the weekend, with nine crew members taken hostage, the French media reported on Monday. According to the report, the ship, Bourbon Leda, which belongs to the French … read more
Governor Chibuike Amaechi of Rivers State has advocated for oil companies to be allowed to resume exploration activities in Ogoni land after years of disagreement between oil majors and the people of Ogoni land. The governor said the resumption of … read more
A row is brewing between Akwa Ibom and Rivers states over some oil wells. The wells are located in Opbo, a border community between the two neigbouring states. The Akwa Ibom StateDeputy Governor, Mr Patrick Ekpotu, who is the chairman … read more
Host Communities of Nigerian Oil and Gas (HOSTCON), have demanded N165 billion from the Federal Government, as compensation for gas flaring. National Public Relations Officer of HOSTCON, Dr Mike Emuh, made the demand in an interview with the News Agency … read more
Gunmen hijacked a vessel belonging to French oil services group Bourbon off Nigeria’s Niger Delta on Sunday as it travelled towards a Royal Dutch Shell offshore oilfield, security sources said. The vessel was carrying four expatriates from Cameroon, Ghana and … read more
Another 200,000 barrels of oil were shut in at the weekend as militants attacked a pipeline at Okuntun village in Delta State. This occurred even as the Joint Task Force (JTF) arrested six of the nine militants who recently hit … read more
An oil pipeline was blown up with dynamite in Nigeria’s restive south, a military official said Saturday. Regional army chief Brig. Gen. Wuyep Rimtip said he did not know how severe the damage was or if there were any casualties … read more