IF there were doubts about the shift in global oil industry focus on the new frontier for oil exploration and production on the African continent, the ongoing Offshore Technology Conference in Houston, Texas cleared the air when its opening session … read more
Rebels who have stepped up attacks on Nigeria’s oil industry in the last month said on Sunday they were considering a ceasefire appeal by U.S. presidential hopeful Barack Obama. The Movement for the Emancipation of the Niger Delta (MEND) has … read more
The Federal Government has ordered the Nigerian Navy to attack any ship entering Nigerian territorial waters illegally to lift oil from the Niger Delta. THISDAY gathered that the new directive will be communicated to the embassies and missions of countries … read more
AT least 3,500 workers would be laid off in the ongoing re-organisation in the Dutch oil firm, Shell Petroleum Development Company, investigations by our correspondent has revealed. Findings in the oil firm showed that the management had penciled down 3,500 … read more
THERE are indications that President Umaru Yar’Adua’s health may have become worsened. This follows what sources said was the inability of the President to attend major functions and receive visitors since Friday. It was gathered from sources at the Presidential … read more
Nigerian kidnappers on Saturday released the wife of a senior oil executive who was taken hostage in its oil capital of Port Harcourt last month, a company spokesman said. Odichi Ugorji, spokesman for Lonestar Drilling, owned by the husband of … read more
Nigeria has dropped treason charges against one of two accused rebel leaders in the country’s main oil producing region, but a bid to have an open trial for the remaining suspect was rejected, their lawyer said. “The trial judge rejected … read more
Unknown assailants attacked an oil installation in restive southern Nigeria and some crude production has been lost, Royal Dutch Shell PLC officials said Saturday. Shell spokesman Precious Okolobo said the attackers hit a flow station belonging to Shell’s joint venture … read more
The Movement for the Emancipation of the Niger Delta on Saturday accused the Federal Government of planning to use Edward Atatah as star witness to frame up its leader, Henry Okah. Okah is standing trial in a Jos Federal High … read more
GUN men in five speed boats have again struck on the Bonny waterways this time abducting the captain of a ship and its engineer. Confirming the development, army PRO and spokesman of the Joint Task Force in Rivers State, Lt. … read more